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Rockland Federal Credit Union

Compliance Officer

Rockland Federal Credit Union, Canton, Massachusetts, us, 02021

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Compliance Officer Full Time Professional Canton, MA, US

8 days ago Requisition ID: 1045

Salary Range: $90,000.00 To $115,000.00 Annually

Under the direction of the VP of BSA and Compliance, Responsible for administering compliance with all aspects of Deposit Compliance, Lending Compliance and audit programs, as well as all other matters requiring regulatory action.

RESPONSIBILITIES:

Monitors programs that verify the Credit Union's compliance with laws, regulations and rules governing operations and product offerings

Performs periodic compliance monitoring and self-testing to verify that controls are operating effectively

Periodic compliance monitoring includes reviews over the following business areas/functions: Lending related regulations, including HMDA, RESPA/TRID, FCRA, Commercial Lending, Residential Lending, Deposit related regulations, including ACH and Electronic Banking, Marketing.

Ensures the Credit Union complies with all Federal and State regulations

Maintains ongoing programs to evaluate the Credit Unions compliance management and compliance activities

Advises Credit Union's Management of methods to develop and improve the Credit Union's regulatory performance.

Assists in maintaining ongoing programs to evaluate the Credit Union's compliance, including the Monitoring and Testing Program, Compliance Management activities to ensure all levels of risks are identified and addressed

Assesses the Credit Union's monitoring and testing program and assists Management with implementation and support of products and services, to ensure all levels of risks are identified and addressed

Ensures that risk issues associated with new products and significant changes in existing products are properly evaluated and adequately addressed

Manages the reviews of Credit Union advertisements and marketing materials and promotional giveaways to ensure they are in compliance with federal regulations and do not pose any financial and/or reputational risk to the Credit Union.

Serves as a resource and support to Credit Union Management and employees on issues or inquiries, as needed

Ensures corrective action is implemented on issues identified

Maintains a high level of knowledge through training, participation in outside seminars and from professional publications and groups to ensure compliance with NCUA laws and regulations; applicable state laws; and such other laws and regulations as may be imposed on the Credit Union

Assists in comprehensive compliance projects being considered or implemented at the Credit Union

Coordinates with the appropriate team to assist in the project while ensuring that proper regulations are met and that the project is completed in a timely manner

REQUIREMENTS:

Bachelor's degree in related field, or equivalent work experience

Minimum of six (6) years' prior related experience in a financial institution, preferably a credit union or bank

Required Certified Regulatory Compliance Manager (CRCM) or an equivalent combination of education and experience sufficient to perform the essential functions of the job

Advanced knowledge of related laws and regulations

Advanced knowledge of bank/credit union operations, systems, and infrastructure

Advanced written, oral, and organizational skills

Strong decision making, analytical, and investigation skills with high attention to detail

Intermediate proficiency in software for core banking, anti-fraud, risk, and/or compliance management

Intermediate skills in Microsoft Office suite (Word, Excel, Outlook)

RFCU offers a comprehensive benefits package, including Cigna medical benefits, dental benefits, vision benefits, a 401(k) plan with company match and profit-sharing potential, flexible health and dependent care plans, and life, AD&D, and LTD insurance. We also provide a generous and flexible tuition reimbursement program, along with a PTO package designed to help employees recharge and enjoy time with family and friends.

Rockland Federal Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin or protected veteran status and will not be discriminated against on the basis of disability.

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