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City of Boston Credit Union

Compliance & Risk Officer

City of Boston Credit Union, Boston, Massachusetts, us, 02298

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Essential functions include, but are not limited to the following:

Compliance Duties

Develop, implement, and maintain a comprehensive compliance program.

Monitor regulatory changes and ensure timely updates to policies and procedures.

Conduct internal audits and compliance reviews.

Ensure adherence to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and other applicable laws.

Provide compliance training to staff and management.

Serve as liaison with regulatory agencies during examinations.

Risk Management Duties

Identify, assess, and mitigate operational, financial, and reputational risks.

Maintain and update the credit union’s risk register.

Collaborate with departments to implement risk controls.

Investigate fraud and suspicious activities.

Chair or participate in the Security Committee and oversee fraud prevention programs.

Requirements Knowledge/Skills/Experience

Minimum 5 years of experience in banking or financial services, with at least 2 years in compliance or risk management.

Strong knowledge of Credit Union operations and applicable regulations.

Excellent analytical, communication, and organizational skills.

Ability to work independently and handle confidential information.

Education/Certifications/Licenses

Bachelor’s degree in business, finance, or related field (preferred).

DIRECT REPORTS / SUPERVISION BSA Officer

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