Compliance Manager

Job Details

Job Location
Corporate Office - Rapid City, SD

Job Category
Banking

Description

Who We Are

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.

At Black Hills Federal Credit Union (BHFCU), we're committed to improving the lives of our members every day, and we look for people who share that passion. Don't have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.

General Purpose: Responsible for implementation of BHFCU's regulatory, legal, and policy compliance, and monitoring all changes and amendments to laws and regulations that affect BHFCU's operation.

Essential Duties/Responsibilities:

• Continue to enhance BHFCU's comprehensivecompliance program; develop and enhance the same as necessary on a continuing basis to ensure compliance with all laws and regulations affecting BHFCU. Establish the compliance function and direct the activities and administrative responsibilities of the function.
• Communicate and make recommendations to affected management staff any appropriate actions necessary to maintain compliance and ensure that corrective action is taken for identified compliance issues.
• Analyze the impact of new laws and regulations or amendments to existing regulations. Inform the Executive Leadership and EPMO Teams of proposed laws and regulations that may affect BHFCU's operations. Report all regulatory issues or concerns to the appropriate department Chief Officer, Vice President and/or the Chief Risk Officer, as appropriate.
• Provide technical guidance to staff on compliance issues and act as a resource to BHFCU personnel for questions regarding regulatory issues.
• Review BHFCU forms, disclosures, member publications, advertisements, etc. to ensure compliance with regulations. Assist in the development of new products and services by providing input regarding compliance concerns relevant to proposed and current products and services offered by BHFCU.
• Review system programming/software changes/new ideas, as requested, and provide input as to the effect the change has on compliance.
• Assist external compliance examiners with their examinations, making available the information necessary to complete the examinations. Monitor corrective action of any compliance deficiencies identified in regulatory reports of examination.
• Perform/coordinate occasional compliance audits to ensure that procedures are being correctly followed and that forms are being used properly.
• Perform the administrative functions of BSA/AML/CFT software including, but not limited to, evaluation/ implementation of proposed enhancements, quality control reviews, maintenance of governance documents and user maintenance.
• Ongoing development of the Cannabis Banking Program to include providing guidance, conducting compliance reviews, updating and ensuring compliance with the Program parameters, identify emerging risks/update risk assessments and act as a resource for staff on matters related to the Program.
• Lead the Compliance Team, providing guidance, developing procedures/processes and providing administrative support.
• Act as point of contact between various legal authorities and BHFCU.

Other Duties/Responsibilities:

• Establish and maintain effective working relationships with coworkers and management.
• Keep abreast of financial trends relating to compliance by reading pertinent materials. Survey other financial institutions' methods and programs. Continually upgrade compliance resources and techniques.
• Coordinate training to staff on compliance regulations and laws when necessary.
• Perform other duties as may be assigned by the Chief Risk Officer.

Job Knowledge:

• Working knowledge of laws and regulations affecting Credit Union operations as well as Credit Union compliance procedures.
• Proficient in applying internal compliance standards, procedures, and techniques as well as credit union compliance procedures.
• Working knowledge of Credit Union policies/procedures and service philosophy.
• Working knowledge of the Credit Union's in-house computer system.
• Must be able to read and interpret laws and regulations received from various sources.
• Working knowledge of the Internet and personal computers and related software equipment.

Job Qualifications (Skills):

BHFCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position. The following list outlines the physical considerations that are normally encountered in this job.

• Vision: A sighted person to read and interpret compliance-related laws and regulations.
• Speech/Hearing: Ability to communicate verbally and in writing with directors, staff, members and appropriate outside parties.
• Manual Dexterity: Ability to perform necessary computer-related input.
• Physical Mobility: Limited mobility required. Requires the ability to work flexible hours

Job Qualifications (Ability):

• Ability to understand and follow complex written and oral instructions.
• Ability to comprehend complex functions and procedures and to be able to disseminate that knowledge in a clear and understandable format to others.
• Ability to express oneself, clearly and concisely, both orally and in writing.
• Ability to prepare and maintain confidential records and reports.
• Ability to gather, assemble, correlate, and analyze facts and develop solutions.
• Ability to interpret complex laws and regulations.
• Ability to provide friendly, professional, and accurate service and support to all staff, members, and external contacts.

Job Qualifications (Education/Experience):

Education: Job requires a four-year college level of language, math and reasoning skills in the area of accounting, finance, regulatory law, money and banking.

Experience: Minimum of eight years' experience in legal/regulatory compliance, financial institution compliance, or risk management with emphasis in compliance. A professional designation such as CCO or equivalent is required. Formal training should be supplemented with continuing education.

Working Conditions:

Material and Equipment Involved

• Personal Computer
• Presentation Aids
• WebEx
• Tablet and Mobile Devices
• Video Recording Devices
• Scanners
• Projectors and Screens
• Microsoft Word Suite
• Photocopy Machine
• Various Software Applications
• Salesforce

Work Environment/Physical Activities

Occasional travel to BHFCU's branch locations or attendance at community events may be required.

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in emergency situations. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.

Mental and/or Emotional Requirements

Must be able to perform job functions with supervision and work effectively either on own or as part of a team. Must be able to read and carry out various instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on confidential matters.

Notice: This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment. Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods. This position is also subject to all the personnel policies of Black Hills Federal Credit Union. Changes may be made to this job description at any time by the President . click apply for full job details