What are the responsibilities and job description for the VP of Risk & Compliance position at Safety National?
SUMMARY
As Vice President ("VP") of Risk & Compliance, you'll play a pivotal role in ensuring our credit union adheres to regulatory compliance requirements and manages risk effectively. Your expertise in risk management and compliance will be instrumental in safeguarding our members' financial well-being. Typical workload includes review of workpaper(s), Compliance Assessment reports, and preparation of Compliance Annual Plans, in addition to any ad-hoc requests. The VP of Risk & Compliance will act as a liaison between regulatory agencies and the various departments within the organization on regulatory and related matters. Additionally, this position will interpret and summarize regulatory guidance for applicability, drive internal process improvements, create, and leverage data analytics dashboards for compliance and risk monitoring, and manage, summarize, and provide recommendation(s) on external content submitted by regulatory agencies. This position will oversee the credit unions' functions through the compliance monitoring program and audits.
- Please note that this role is on-site only (no hybrid or remote options at this time). Location : SUMTER, SC 29150.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following :
SUPERVISORY RESPONSIBILITIES
The VP of Risk & Compliance will supervise the Risk / Compliance Analysts, Risk / Compliance Officers, and Quality Assurance and Risk Specialists including the processes and systems associated with their duties and responsibilities while coaching and training them to performance excellence. Carries out supervisory responsibilities in accordance with the credit union's policies and applicable laws. Responsibilities include interviewing, hiring and training employees, planning, assigning and directing work, defining effective workflow scheduling, appraising performance, rewarding and disciplining employees, addressing complaints and resolving problems. Supervise team member work schedules, PTO, workload, managing daily activities and projects, long-term priorities, and monitoring service levels. Periodically review and update as needed procedures governing the Compliance / Risk team member roles, activities, duties, and processes. Interface with and provide progress reports to Chief Risk Officer related to department performance, KPI / KRI development and achievement, team member functions through scheduled one-on-ones and additionally as needed.
PERFORMANCE STANDARDS
Maintains a written plan for each program assigned as a primary responsibility and ensure all aspects of the plan are followed. Reviews and update the plan regularly and at least on an annual basis. Conducts research and effectively analyzes laws and regulations.
Displays excellent written and verbal communication skills when interacting with management, the Board of Directors, the Supervisory Committee, all personnel, members, auditors and examiners. Maintains professional composure, objectivity and fairness when dealing with conflicts and sensitive matters. Displays attention to detail, ability to multi-task and meet established deadlines. Exhibits sound judgment, critical thinking and problem solving skills. Maintain collaborative relationships with all departments. Demonstrates professional care and the highest standards of professional competency. Supports a strong sense of teamwork and commitment to mentoring and serving others.
QUALIFICATION REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Regulatory Requirements : Your position has specific procedures that must be followed to comply with Privacy Act, Office of Foreign Assets Control (OFAC), and Bank Secrecy / Patriot Act. You will receive annual training to keep you current on any changes to these policies / procedures to assure compliance. Failure to comply with procedures may cause termination of your position as well as possible monetary penalties from the federal regulatory agency.
EDUCATION AND / OR EXPERIENCE
Bachelor's degree or equivalent experience.
LANGUAGE SKILLS
Ability to read, analyze and interpret and communicate regulatory information and technical procedures relating to a credit union operation. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, directors, employees and members as required.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages. Ability to apply concepts of basic algebra and geometry.
REASONING ABILITY
Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to interpret an extensive variety of regulatory and technical instructions in several abstract and concrete variables.
CERTIFICATES, LICENSES, REGISTRATIONS
NAFCU Certified Compliance Officer (NCCO) or CUNA Credit Union Compliance Expert (CUCE), and (BSACS) designation strongly preferred. Designation will be obtained within 1 year from date of hire if not already held. Sherpy and Jones Compliance Certification course annually.
OTHER SKILLS and ABILITIES :
Ability to operate a PC to access the credit union's accounting system, member account information, spreadsheets, and on-line is required. Basic input, output, error correction, general ledger account structure knowledge essential to be able to perform the job is required.
Basic proficiency in Microsoft Office (Work, Excel, Power Point and Outlook) is required. Annually complete and achieve passing scores on various SAFE FCU Policy, Procedure, Development and Enhancement Curriculum.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to use hands to finger, handle, or feel objects, tools or controls. The employee is occasionally required to stand, walk, reach with hands and arms, climb or balance and stoop, kneel, crouch or crawl.
Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus. Occasionally lift / and or move up to 35 pounds.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually low to moderate.
MENTAL DEMANDS
The mental characteristics necessary to competently perform this job include the need to occasionally use basic and complex numeric calculations, persuasiveness, and creativity, to frequently use resourcefulness and problem solving and to continuously use analyzing skills.
