Compliance Manager - Remote
Company: Baxter Credit Union
Location: Vernon Hills
Posted on: September 16, 2021
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Job Description:
As part of the Audit & Compliance Department, the Compliance
Supervisor under the general supervision of the Sr. Director,
Compliance will support compliance with all applicable federal and
Illinois State regulations. The positions responsibilities include
the day-to-day maintenance of the help desk function, researching
compliance issues and identifying any associated risk, monitoring
of compliance activities, assisting with the implementation of
compliance solutions, and tracking outstanding compliance issues.
The position is also responsible for preparation and maintenance of
compliance reports for management, coordination and review of
compliance training activities, advising business owners on
regulatory changes in relation to Credit Union programs, policies,
and practices, and supporting external compliance audits and
regulatory examinations. The Compliance Supervisor will have one
direct report working under him or her.
RESPONSIBILITIES:
Direct supervision of Compliance Specialist on daily activities,
job performance, and professional development.
Create and maintain documents, and research compliance related
issues for member service concerns, various credit union governance
committees, or other project teams tasked with implementation
responsibilities.
Serve as the Compliance Advisor on credit union regulatory action
committees as required to implement new regulations.
Assist business owners in the creation, maintenance, and
implementation of policies, procedures and practices to ensure
compliance with all relevant regulatory and legal requirements.
Coordinate the completion of regulatory compliance assessments,
audits, and examinations.
Provide ongoing support to business owners on the identification of
potential compliance vulnerabilities and risks; provide options
and/or develop action plans for resolution of problematic issues,
and provide general guidance on how to avoid or deal with similar
situations in the future.
Oversee the day-to-day activities associated with the Compliance
and Legal helpdesk, including the prioritization, assignment and
tracking of issues to ensure responses are provided within agreed
upon timeframes.
Support the compliance training program for both new and existing
staff through the identification of required coursework; the
preparation and maintenance of reports; the creation and update of
training materials, and the delivery of training.
Identify regulatory impact and risks for new and revised products
and services and provide related advisement to business owners.
Monitor regulatory changes, disseminate information, assess risk
potential, answer questions and serve as the subject matter expert
for staff on compliance matters.
Assist Audit and Compliance Department with ad-hoc projects on an
as needed basis.
Deposit & loan experience
Audit background
SharePoint experience
Symitar software experience
Compliance certifications, such as NCCO, CUCE, CRCM, CAMS, and/or
BSACS
Use of analysis tools for regulatory monitoring and Bank Secrecy
Act support
3 years of credit union or banking/financial industry regulatory
compliance experience
Experience in a supervisor role and ability to support a direct
report
Deposit and lending federal and state banking regulations
knowledge:
Electronic Fund Transfers, Equal Credit Opportunity, Fair Credit
Reporting, Fair Debt Collection Practices, Gramm-Leach-Bliley, Real
Estate Settlement Procedures, and Right to Financial Privacy Acts
plus Truth-in-Savings and Truth-in-Lending
Transfer knowledge
Excellent communication, team player
Keywords: Baxter Credit Union, Arlington Heights , Compliance Manager - Remote, Other , Vernon Hills, Illinois
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