Director Risk Management and Compliance

This position will oversee all aspects of enterprise risk management (ERM) and compliance within the credit union. This role will help lead and oversee a comprehensive risk management strategy and ensure the organization’s compliance with regulatory requirements. The role will ensure compliance with all state, federal, and credit union laws and regulations.

Responsibilities:

Enterprise Risk Management:

· Develops and maintains an integrated risk management framework for the entire organization

· Responsible for the development, implementation, and ongoing monitoring of the credit union’s enterprise risk and risk appetite frameworks, and related processes to achieve the organization's short-and-long erm strategic, financial and operational goals

· Be responsible for the operational risk management function, providing advice and guidance to all departments and management in assessing and mitigating risk associated with new regulations/policies, as well as: any proposed system, procedural, or product changes; quality control processes; member fraud; other areas as appropriate

Compliance:

· Develops and maintains a robust compliance management program that ensures adherence to applicable Federal/State laws and regulations and credit union policy and procedure.

· Monitor legislative and regulatory developments for the credit union, and report important risk and compliance-related developments to senior leadership.

· Ensure the credit union products, services, processes, and programs are in compliance with laws, regulations, and policies.

· Assist in supporting and maintaining an ongoing compliance training program for credit union staff.

· Prepare applicable reporting for various committees and Supervisory Committee meetings

· Reviews or ensures oversight and revises credit union forms and disclosures for compliance with applicable laws and regulations and counsel as necessary

· Monitors/supervises Credit Union’s fraud loss control activities to include monitoring of transaction flows, potential fraud cases, fraud methodologies, risk and loss control techniques. Respond to and investigate material fraud cases and interface with appropriate law enforcement agencies in addition to reporting such cases to management.

Bank Secrecy Act:

· Serve as the credit union’s Bank Secrecy Act Officer. Responsible for the oversight of the Bank Secrecy Act Program including compliance with the policy and procedure.

· Oversee the completion of the BSA and related risk assessments, as well as the development and completion of the resulting risk action plan

· Assist in supporting and maintaining an ongoing BSA training program for credit union staff

· Prepare applicable reporting for various committees and the Board of Directors

· Recommend account closures to executive management, investigating and documenting all incidents including loss the to the credit union and filings of any insurance claims and recoveries. Monitor incidents of loss and make recommendations as appropriate

Audits and Exams:

· Serve as the internal liaison between independent audit firms and the credit union

· Be responsible for the operational aspects and ensure audit schedules are completed and results of the audits are reported to the appropriate members of management and committees. Work closely with organizational department leadership to prepare, support, and communicate internal audit procedures, processes, results, and action items

· Collaborate with management of departments to develop management responses and remediation plans in response to audits and examinations

· Meet with CFO regularly to discuss status of audits and examinations and the respective remediation requirements

· Prepare for and present to the Supervisory Committee reporting of audit reports if requested

Physical Requirements: (Including lifting, sitting, walking, bending, reaching and squatting % of time in each function)

Indoor office environment. ½ height partitions, no door. Standing 10%,

walking 20%, and sitting 70%. Lift up to 30 pounds, up to 3 hours per month. Some carrying, bending, reaching, kneeling/squatting involved. Daily work in a retail banking branch environment; no hazardous conditions; frequent local travel; occasional out-of-town travel.

Minimum Requirements:

· Experience: Five to ten years of credit union experience. Previous compliance-related experience strongly preferred. Previous supervisory/management experience preferred.

· Education: Bachelor’s degree or related experience

· Interpersonal Skills: Ability to effectively communicate (in verbal and written form) with the general public. Excellent listening skills and ability to project a professional, positive image. Ability to maintain confidentiality and conduct oneself with a high level of diplomacy and tact. Attention to detail and accuracy required. Superior organizational skills, efficient and able to work independently. Detail oriented in order to generate accurate and precise work. In-depth knowledge of credit union operations. Working knowledge of laws and regulations pertaining to credit unions, and the ability interpret and understand laws and regulations. Familiar with credit union products, services and philosophies. Knowledgeable in the development of policies, procedures, processes and disclosures. Ability to exercise discretion, good judgment and confidentiality in the performance of all job duties. Excellent analytical and problem solving skills.

· Other Skills: Proficient knowledge of MS Outlook, Word, Excel and PowerPoint. General knowledge of financial transaction software strongly preferred. Ability to operate a 10-key calculator, computer keyboard and other office equipment.

Job Type: Full-time

Pay: $119,485.00 - $164,292.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Employee discount
• Health insurance
• Life insurance
• Referral program
• Vision insurance

Experience level:

• 5 years

Ability to Relocate:

• San Jose, CA 95131: Relocate before starting work (Required)

Work Location: Hybrid remote in San Jose, CA 95131