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Compliance Manager - Remote

Company: Baxter Credit Union
Location: Vernon Hills
Posted on: September 16, 2021

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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