Compliance Officer

4 weeks ago


Metairie LA, United States Xplore Federal Credit Union Full time
Job Summary

The Compliance Manager will be responsible for ensuring the policies and procedures of Xplore Federal Credit Union comply with relevant laws and regulations. This includes analyzing new and pending laws, developing and revising policies and procedures, and ensuring all affected areas of the credit union are informed of changing laws and procedures.

Key Responsibilities
  • Develop and implement a compliance program to effectively review areas of the credit union for compliance.
  • Coordinate projects that involve information disclosure and policy changes to inform staff of procedures that must be complied with.
  • Prepare and present periodic reports to the Board of Directors concerning the credit union's current record of compliance.
  • Coordinate and conduct investigations of suspected and/or actual internal/external fraud.
  • Review, revise, and develop credit union forms, contracts, agreements, and disclosures to ensure compliance with applicable laws, rules, and regulations.
  • Interface with legal counsel and/or bonding agencies to ensure that the terms and conditions set forth within the applicable forms, contracts, agreements, and disclosures are accurate, complete, and meet the needs of and properly protect the credit union.
  • Responsible for the Record Retention, Vendor Management, and the Identity Red Flags Programs along with maintaining/updating said policies.
  • Responsible for assigning annual compliance training to the staff of the credit union and to new employees.
  • Assists in the preparation for regulatory examinations and audits.
  • Reviews Business Account documentation and provides the final decision on Business Account openings.
Requirements
  • Five years to ten years of similar or related experience.
  • A college degree or significant background and experience in a related field.
  • Good communication skills and a significant level of trust and diplomacy.


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