Compliance Officer

IH Mississippi Valley Credit Union - Moline, IL

Full-time - Mid Level

Moline, IL

Credit Intermediation and Related Activities

About the position

We are seeking a highly skilled and experienced Compliance Officer to join our team. You will play a critical role in ensuring our strategic initiatives and departmental processes align with regulatory requirements and internal procedures. You will lead complex risk-based conversations, provide clear explanations of compliance requirements, discuss risks and potential controls, and support the organization in making informed decisions.

Responsibilities

• Represent Risk, Fraud, and Compliance in strategic project meetings, ensuring new initiatives comply with regulations.
• Act as the primary contact for ERM-related questions and facilitate timely responses.
• Answer complex compliance questions and review research conducted by team members.
• Manage and maintain an updated CMS, providing monthly reports on compliance risk.
• Review marketing ads for compliance with state and federal regulations.
• Serve as the credit union's expert in tax reporting for the IRS, handling CP2100 and other correspondence.
• Maintain the record retention schedule, ensuring regulatory compliance while minimizing risk.
• Track and implement finalized regulations affecting the credit union and its members.
• Monitor emerging litigation risk and ensure appropriate controls are in place.
• Build strong relationships with all areas of the credit union.
• Assist CUSO credit unions with compliance questions and provide updates on regulatory topics.
• Stay informed on compliance trends, legal requirements, and industry developments through training.
• Perform other duties as assigned.

Requirements

• High school diploma or equivalent.
• Minimum 4 years of experience in a financial institution.
• Minimum 4 years of experience in compliance, risk, or controls audit testing.
• Credit Union Compliance Expert (CUCE) certification through CUNA.

Benefits

• On-site gym facility
• Member-focused work environment
• Opportunities for community impact