Job Title: Compliance OfficerPosition: Exempt / Full TimeLocation: Sugar Land, TXRole:Ensures the Credit Union is in compliance with all state and federal regulations, laws, and rules. Analyzes new and pending compliance requirements affecting the Credit Union's practices. Develops, revises, communicates, and implements policies and procedures to ensure compliance.
Essential Functions & Responsibilities: - Reviews, assesses, develops, revises, and ensures the adequacy of programs, policies, and procedures designed to safeguard Credit Union assets and maintain regulatory compliance. Ensures policies and procedures are appropriately disseminated.
- Stays informed of new and pending laws and developments related to compliance issues, analyzes requirements, appropriately revises policies and procedures, and ensures communication and implementation of regulatory changes.
- Develops, directs, and implements a compliance program and schedule to review internal Credit Union areas for compliance. Investigates compliance related complaints.
- Provides employee training on compliance related issues and policy changes. Develops a library of compliance resources for employee use.
- Compiles and issues reports detailing conclusions of reviews and compliance analysis, reports violations as appropriate, provides recommendations for improvement, and follows up to ensure compliance.
- Maintains records and documentation of compliance activities, complaints related to compliance, investigations, and outcomes. Analyzes, prepares, and files appropriate reports to Senior Management.
- Prepares and presents reports concerning Credit Union compliance issues to Senior Management as requested.
- Performs other job related duties as assigned.
Performance Measurements - Ensure Credit Union is in compliance with all state and federal regulations.
- Ensure Compliance functions are well-coordinated and communicated with departments and branches. Deadlines are met.
- Ensures internal compliance reviews are conducted, results analyzed, improvements made, and issues resolved in a timely manner. Appropriate records are kept.
- Ensures required reports are prepared and delivered in an accurate and timely manner.
- Ensure knowledge of applicable State and Federal laws and regulations is developed, maintained, and kept current.
- Ensure appropriate changes to policies and procedures are made, communicated, and implemented. Staff members are informed of changes in a timely manner.
- Ensure Library of compliance resources is developed, maintained, and effectively used by staff.
- Ensure management is kept informed of key issues.
- Ensure inquiries are responded to and resolved in a timely and professional manner.
Knowledge and SkillsExperienceFive years to eight years of similar or related experience, including both, but not limited to:
- Lending related statutes and their implementing regulations, and
- Deposit (share) statutes and their implanting regulations.
Education(1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
Interpersonal SkillsWork frequently involves exercising advanced conflict resolution, giving material presentations, and resolving issues impacting multiple departments or divisions. Role also requires the ability to motivate or influence others as a material part of the role, with a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the role and a high level of interpersonal skills is critical to the success of this position.
Other SkillsThorough knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. Talks to others to convey information effectively. Thorough knowledge of banking practices, policies, procedures, operations, products, services, and regulations. May also include specialized knowledge in lending or investing. Specific knowledge of the philosophy and structure of the Credit Union industry.