Director of Regulatory Compliance

2 weeks ago


Goshen, Indiana, United States Andrews Federal Credit Union Full time
Job Summary

Andrews Federal Credit Union is seeking a highly skilled Director, Regulatory Risk to oversee our regulatory practices and ensure compliance with government and company regulations. This role is responsible for ensuring all Bank Secrecy Act (BSA) requirements are met, and for keeping abreast of emerging compliance issues that may impact our organization.

Key Responsibilities
  • Oversee the accurate and timely submission of Currency Transactions Reports (CTR), Suspicious Activities Reports (SAR), 314(A) Information requests, and Office of Foreign Asset Controls (OFAC) compliance.
  • Develop and implement the Compliance Program, including planning for regulatory changes and assisting business units in interpreting new rules and their impact on operational practices.
  • Revise and maintain account disclosures, and coordinate updates with Marketing and IT to ensure proper distribution throughout all Credit Union systems.
  • Provide guidance to Retail and Support Services staff on trust documentation, decedent account laws, guardianship appointments, and other member-related legal issues.
  • Participate in preparing training guidelines and materials for required employee compliance training.
  • Perform periodic testing using system reports to ensure staff compliance with regulations and Credit Union policies.
  • Review Marketing materials and advertisements to ensure compliance with consumer deposit and lending regulations.
Requirements
  • Bachelor's degree in business, audit, or risk management, or related field, with a minimum of 7 years of relevant work experience.
  • Minimum 2 years of management or supervisory experience, preferably in a financial institution environment.
  • Minimum 5 years of experience in Regulatory Compliance, Audit, or Risk Management in a financial services industry is preferred.
  • Must possess or be able to complete Financial Institution compliance certifications from trade associations such as American Standard for Industrial Security (ASIS), the American Bankers Association, or the Americas Credit Unions' (fka NAFCU's) Compliance Officer Certification.
Working Conditions

This is a hybrid position, with a worksite at Andrews Federal Credit Union in Suitland, MD. The ability to sit at a desk and computer for extended periods is required.



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