SVP, COMPLIANCE
Company: Broadview FCU
Location: Albany
Posted on: October 29, 2024
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Job Description:
If you are ready to join a company that truly cares about its
employees, our members, and our community then you have come to the
right place!Summary of Role:Executive responsible to ensure the
Credit Union and Subsidiaries maintain an efficient and effective
Compliance Program, including its CMS that supports the Credit
Union's strategic direction and goals. Accountable for strategy and
operations including the integration of concepts into strategic
planning, risk identification and mitigation activities. Ensuring
the Credit Union is following applicable regulations, analyzing
riskrelated issues, and recommending improvements, modifications,
and new procedures where controls are needed.Essential Job
Functions/Responsibilities:Ensure that an effective Compliance
Management System (CMS) is established that is appropriate for the
size and complexity of Broadview's business practices and
objectives.Demonstrating strategic thinking and planning to address
compliance issues associated with Broadview's strategic
objectives.Exercising proactive and independent judgment when
providing advice to senior management.Supervising a Compliance
staff to ensure that the Compliance monitoring and testing program
is performed in a consistent and timely manner.Developing and
executing an Annual Compliance Plan.Conducting Broadview's
Compliance risk assessment.Establishing and maintaining written
policies and procedures designed to achieve adherence with
regulations and internal Compliance policies.Responding to
compliance related inquiries, questions and requests from business
personnel.Assessing, analyzing, and interpreting applicable rules
and regulations.Preparing written responses to regulatory inquiries
and examinations.Delivering ongoing training and education to
business personnel about Compliance matters.Collaborating on
inter-departmental projects with business unit
partners.Representing Broadview on industry/regulatory committees
and managing regulatory investigations.Ensuring there is
satisfactory resolution to highly complex regulatory compliance
issues, typically with significant business unit implications, such
as resolution of deficiencies of gaps that may be
identified.Maintain current knowledge regarding regulatory issues,
rules proposals, guidance etc.Advise Broadview regarding compliant
business practices.Develop and manage professional relationships
with regulatory personnel.Provide reporting including metric/status
reports and escalate any breaches to internal and/or external
parties.Promote early detection of compliance risk issues.Identify
significant compliance risks.Encourage the Business Lines to
implement, when feasible, strong preventive compliance controls in
collaboration with 1st line and 2nd line of risk colleagues.Promote
efficient compliance risk mitigation processes.Assess Broadview's
compliance risk exposure and provide ongoing reporting on the level
and direction of that risk.Elevate significant compliance issues
and trends to the Business Line Senior and Executive
Management.Monitor and address issues identified by internal (i.e.,
Audit, Compliance, ERM) and external regulatory/independent
bodies.Modify the CMS as needed to realign compliance risk
management strategies with the changing scope and complexity of
Broadview's business model and practices and with relevant emerging
issues or trends, regulatory guidance, or new
legislation.Administer and maintains the Program, including but not
limited to, writing, developing, and implementing appropriate
polices, standards, and procedures.Perform other duties as required
and assigned.Minimum Job Qualifications:5+ years relevant
experience either as a VP equivalent (or higher) of Compliance in a
$10B+ financial institution or in a relevant government agency15+
years of hands-on regulatory compliance in a credit union of
equivalent or greater size and complexity required to perform
duties effectively.Experience with Consumer Financial Protection
Bureau (CFPB) examination process required. --- Experience with the
current regulatory environment a benefit (NCUA)Bachelor's degree or
equivalent combination of education and experience. --- Strong
working knowledge of federal and state regulations, which require
compliance by a financial institution.Communication Abilities -
strong in terms of both oral and written communication; must be
able to make effective group presentations with a focus on training
staff regarding technical areas; must provide clear and concise
written communications essential for fraud identification and
prevention.Ability to remain calm in tense situations.Analytical
skills - collects and researches data, uses intuition and
experience to compile and analyze data; designs work flows and
procedures as appropriate for department efficiency.Problem solving
- identifies and resolves problems in a timely manner; gathers and
analyzes information skillfully; develops alternative solutions;
works well in group problem solving situations.Interpersonal skills
- works well with diverse groups of people; always treats others
with respect and dignity; focuses on solving conflict without
hostility; works towards achievement of mutual goals.Ethics - works
with integrity while maintaining confidentiality of sensitive
information; upholds the values of the organization in the course
of work.Adaptability - adapts to changes in the work environment;
changes approach or method to best fit the situation.Exhibits
strong attention to detail, project planning, and multi-tasking
skills.Starting Compensation: $200,000-$240,000, plus a competitive
benefits package.Bilingual individuals who are fluent in a second
language in addition to English are highly encouraged to apply.We
are an equal opportunity employer. We do not discriminate on the
basis of race, creed, color, national origin, religion, sex, age,
veteran status, disability, genetic information, gender identity,
or any other protected class.Broadview FCU is committed to ensuring
individuals with disabilities and/or those who have special needs
participate in the workforce and are afforded equal opportunity to
apply and compete for jobs. If you would like to contact us
regarding the accessibility of our Website or need assistance
completing the application process, please contact us at
talentacquisition@broadviewfcu.com
Keywords: Broadview FCU, Bridgeport , SVP, COMPLIANCE, Other , Albany, Connecticut
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