What are the responsibilities and job description for the Assistant Manager, Compliance & Public Policy position at Navy Federal Credit Union?
Overview
To ensure org-wide compliance with federal regulations. To assist the Manager in leading ongoing operational strategy, and alignment with corporate and departmental strategic goals. To ensure the credit union is in compliance with applicable regulations and established policies and procedures. Experience in compliance monitoring and testing activities. Support the execution of the compliance monitoring and testing framework, ensuring effectiveness and alignment with regulatory expectations. Assist business units in designing, conducting, and enhancing compliance testing programs. Perform quality control reviews to ensure the accuracy, completeness, and consistency of compliance monitoring and testing results. Identify gaps, trends, and potential risks through testing activities and recommend remediation actions. Collaborate with stakeholders to enhance compliance processes and drive strong culture of compliance. Assist in regulatory and internal audits by providing documentation and insights from testing activities. Support ongoing process improvements and contribute to the development of compliance monitoring and testing procedures. Perform risk-based compliance testing for the purpose of independently validating business unit's adherence to applicable laws, regulations, policies and procedures, and identifying control deficiencies and risk implications related to applicable laws and regulations. Responsible for both strategic and tactical issues. Provide leadership to professional employees and / or supervisors, responsible for both strategic and tactical issues. (Lead staff and / or supervisors)
Responsibilities
- Analyze new and existing federal regulations to ensure that Navy Federal is in compliance with established standards Complex / Difficult
- Identify existing and new issues pertaining to compliance with state and federal regulations to ensure necessary policies, strategies and procedures are implemented Significant Impact
- Resolve problems that arise in the normal course of monitoring and maintaining regulatory and legislative compliance Complex / Difficult
- Compile, research and analyze trends in support of projects and initiatives; provides results and recommendations based on analysis Advanced Analysis
- Keep Regulatory Compliance Leadership and cognizant business units apprised of compliance status
- Analyze and prepare reports and data for management decision making
- Act as primary liaison with Navy Federal business units to ensure regulatory compliance in order to facilitate, improve and strengthen business operations
- Participates in internal and external compliance testing and audits
- Prepares responses to regulators, internal and external audits as well as management inquiries.
- Develop & recommend tactics for program implementation & communications
- Resolve problems that arise in the normal course of monitoring and testing and maintaining regulatory and legislative compliance
- Compile, research and analyze trends in support of projects and initiatives; provides results and recommendations based on analysis
- Recommend policy and procedural changes to ensure compliance Considerable Impact
- Prepare position papers, workbooks, and monitoring documents to highlight issues which may or will impact Navy Federal operations Advanced
- Respond to General Counsel and senior management requests for specific legal interpretation and / or application of laws and regulations Advanced
- Develop the department strategy and strategic plan by working with the department executives and leadership, as well as other Navy Federal senior executives Lead
- Align department strategic plan and initiatives with corporate strategy and strategic plans Advanced Analysis
- Perform supervisory / managerial responsibilities
Ensure adequate / skilled staffing; select employees
Qualifications
Desired Qualifications
Hours : Monday - Friday, 8 : 00AM - 4 : 30PM
Location : 820 Follin Lane Vienna, Virginia 22180
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful : Make our mission your passion.
From Fortune . 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity : Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace : Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers : Navy Federal reserves the right to fill this role at a higher / lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act : Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
