Director of Risk & Compliance

$77,000 - $92,000/Yr

Prince George's Community Federal Credit Union - Bowie, MD

Full-time - Mid Level

Bowie, MD

1-10 employees

Credit Intermediation and Related Activities

About the position

The Director of Compliance & Risk at Prince Georges Community Federal Credit Union is a pivotal role that operates under general supervision while adhering to established policies and procedures. This position is responsible for ensuring that the Credit Union maintains adequate credit, market, and operational risk management, thereby ensuring full compliance with all NCUA laws, regulations, and internal policies. The Director will develop, implement, direct, and support the Credit Union's overall compliance with applicable rules, regulations, and statutory requirements. This includes directing the development, implementation, and maintenance of both internal and external risk management programs. In this role, the incumbent will ensure that audit coverage over the Credit Union's assets, products, services, functions, and activities is sufficient to meet regulatory requirements and protect against financial irregularities, impropriety, fraudulent activity, and loss. The Director will also oversee and manage contract procurement and vendor management for the Credit Union, acting as a liaison with governmental and law enforcement agencies regarding fraud. This is a full-time position, typically Monday through Friday, with occasional flexibility required for community events once or twice a year. The ideal candidate will consistently uphold the mission, vision, and core values of the Credit Union and possess the ability to thrive in a team-focused, fast-paced sales and service culture.

Responsibilities

• Research, review, and stay current on laws and regulations related to compliance and operational risk management.
• Field inquiries from Management or the Board and produce reports, supporting analysis, conclusions, and recommendations.
• Evaluate the credit union's compliance and security guidelines, risk management, loss prevention, and other policies through independent reviews.
• Develop, suggest, and implement corrective plans, revised security measures, or other changes as needed.
• Communicate changes in security safeguards, policies, or procedures clearly to Management, the Board of Directors, and appropriate employees.
• Coordinate risk assessments and compliance audits; work with auditors and examiners and present summary reports to Management and the Board of Directors.
• Review, revise, and develop forms, products, disclosures, web content, advertising, and marketing collateral to ensure compliance with regulations.
• Act as the internal and external point of contact for questions pertaining to fraud and communicate with governmental and law enforcement agencies regarding related risk management matters.
• Oversee the Credit Union's relationship with compliance and risk management vendors and track relationships with other vendors that present moderate or high risk to operations.
• Develop and enforce compliant record retention policies and procedures.
• Develop and deliver BSA/AML training to employees and the Board of Directors; cooperate with the Training Specialist and Chief Human Resources Officer to coordinate compliance training.
• Attend monthly Board of Directors meetings and serve on the Governance Committee.

Requirements

• Minimum of 2 to 4 years' experience in financial institution regulatory compliance.
• Bachelor's degree (BA/BS) or Master's degree (MBA) preferred.
• Possess NCCO certification (NAFCU certified compliance officer) preferred, or obtain within one year of hire required.
• Broad knowledge of, and practical experience with, credit union or other financial institution operating areas, functions, products, and services, and the laws and regulations that apply to credit unions.

Nice-to-haves

• Experience in vendor management and contract procurement.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.

Benefits

• Competitive salary ranging from $77,000 to $92,000 per year.
• Full-time employment with a Monday through Friday schedule.
• Opportunities for professional development and training.