VP Compliance/BSA Officer/FT/Nashua

Role:

To develop, implement and administer aspects of the credit union’s compliance management program.

Provide counsel and recommendations to executive leadership emerging compliance, regulatory or risk related matters affecting the CU.

Act as the Board approved BSA officer, provide organization-wide compliance support by coordinating, updating, monitoring, and maintaining the Bank Secrecy Act (BSA) program to include, Anti Money laundering (AML), Member Identification Program (MIP), FINCEN activities and Office of Foreign Asset Control (OFAC).

Coordinate the CU’s outsources operational internal audit vendor to provide audit services by preparing risk assessments, plans, and schedules to Supervisory and department managers.

Essential Functions & Responsibilities:

• As the Compliance officer: Coordinate, update and maintain TCU's compliance policy, program, and training to help ensure organization-wide operational compliance.

• Provide a link between Regulation Owners/departments and Risk Management in an advisory/administration role, to update policy and procedures while working with Management and Regulation owners to ensure required changes are implemented.

• Work with Regulation Owners and Training annually to prepare appropriate regulatory consumer training based on regulatory requirements, prior audit/exam findings and emerging regulations and rulings.

• Support the SVP of IT as needed on the Enterprise Risk Management program/policy.

• Identifies potential weaknesses from audit/exam and suggests monitoring efforts to Regulation Owners

• Manage the processing of subpoenas, levies, police reports.

• Meeting with CEO to review operational compliance as needed.

• BSA officer: Ensure compliance with the Credit Union's Bank Secrecy Act (BSA) program to include recommended changes to policy and procedures. Maintain annual risk assessments, recordkeeping, testing, staff training and examination overview of BSA/AML, MIP and OFAC programs.

• Provide guidance to the Credit Union staff for SAR and OFAC issues as well as ensuring SARs are submitted and/or reviewed and approved within the required timeframes.

• Maintain BSA/AML assumptions and parameters within the BSA/AML software model and systems, identify exceptions and ensure the model’s integrity to detection all unusual or suspicious activity.

• Perform high risk member reviews and analysis for expected vs actual behavior to set custom settings member activity.

• Provide annual BSA/identity theft training to BOD Provide guidance to front line personnel in all areas stated above.

• Internal Audit: Act as the liaison to the Credit Union’s Internal Audit provider

• Coordinate annual risk assessments for both compliance and internal audits

• Work with Audit firm to develop annual and multi-year audit schedule

• Act as liaison to the Credit Union for State and NCUA examinations

• Maintains audit/exam tracking document

• Insurance: documents incidents/accidents in CUNA portal. Annually participates int eh CU’s review of various policies.

• Prepares various reporting for Senior Management, Supervisory Committee and Board.

• Effectively recruit, schedule, train, mentor, coach, develop, review, and monitor the work of direct reports with the assistance of the SVP/CFO. Conduct performance reviews and set employee annual goals and objectives.

• Be a subject matter expert on processing platforms used within the Department, train team members on new software and updates on existing programs.

• Actively lead, communicate, and participate in professional development to support the core values and the overall organizational health.

• Performs other related duties as assigned.

Knowledge and Skills:

Experience: Five - eight years of similar or related experience.

Education: (1) A four-year college degree, or (2) completion of a specialized certification or (3) job-specific skills acquired through an apprenticeship program.

Interpersonal Skills: Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

Other Skills: Possess ability to use technology needed within the area and the Microsoft Office suite: Excel, Word, Teams, SharePoint, OneDrive, and OneNote, Verafin and Vertifi.

Physical Requirements: Occasionally lift up to 25 pounds

Work Environment: • Professional office

• Office and hybrid work from home.