Company Description

Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.

Job Description

The primary function of the Senior Director, Regulatory Compliance is to oversee the second line of defense compliance team and Bank Secrecy Act / Anti-money Laundering (BSA/AML) team. This position will also coordinate the implementation of Ent's compliance management system, oversee the coordination of the credit union's operational compliance with applicable international, federal, and state rules, regulations, and statutory requirements with a special focus on the Bank Secrecy Act, Privacy, Record Retention, Member Records, and Compliance programs. This position also serves as an enterprise-wide consultant to typical organizational compliance issues including regulatory interpretation and training monitoring for existing and proposed credit union directives. The Enterprise Compliance will be instrumental in establishing and co-chairing the Operational Risk & Regulatory Compliance Risk Management committee along with the Vice President of Legal. In addition, the role will oversee, develop, review, and/or revise policies, forms, agreements, processes, and disclosures to ensure compliance with applicable laws, rules, and regulations for all operational functions. This position will ensure the credit union, affiliates, volunteers, and employees understand and abide by internal and regulatory procedures. This role will serve as a primary consultant for organization-wide compliance awareness and management, requiring a mastery of many, varied regulations, and a strong awareness of available legislative and compliance resources. The Senior Director, Regulatory Compliance is the credit union's Bank Secrecy Officer and provides USA PATRIOT Act compliance oversight. The appropriate compliance interaction with operational areas is critical to effective operations and reducing potential liability.
Essential Functions

• Compliance and BSA/AML Strategic Oversight: Assess emerging regulatory compliance issues and potential liabilities. Report compliance activities to senior management and the Board. Develop compliance policies, procedures, and disclosures. Review policies and procedures for compliance with applicable laws and regulations. Ensure corrective actions are implemented in a timely manner and are effective to prevent recurrence. Oversee training of management, employees, and volunteers in consumer protection laws and regulations. Coordinate investigations and responses to consumer complaints. Must keep current on all existing / emerging compliance regulations relevant to the banking industry. On-going monitoring of daily compliance relating to requirements under the Bank Secrecy Act and related acts such as CTR and SAR management, OFAC monitoring, FinCEN review and reporting, and FACT Act requirements including red flag mitigation.
• Compliance and BSA/AML Projects: Manage and oversee the compliance management system. Oversee all Compliance modules of the GRC application. Consult and determine compliance risk in existing and soon-to-be implemented products, services, and other organizational activities as a part of cross-functional teams. Project development, special projects, and the requirements for privacy and vendor management require a compliance perspective to ensure all facets are being adequately addressed whether they involve Operations, Marketing, Information Technology, Human Resources, Finance, Accounting, or other departments within the organization. Oversee the development and execution of the BSA/AML Program and perform the annual risk assessment.
• Departmental Management & Leadership: Provide clarification / direction on work assignments. Provide direct reports coaching / mentoring / leadership development opportunities towards achieving development goals. Support staff in their daily duties as needed. Building the team by sourcing, selecting, and retaining the correct resources. Lead and develop employees in an effort to meet their career aspirations contributing to the achievement of department objectives. Provide coaching and team alignment for all direct reports. Handle supervisory duties such as approving time off, performance reviews, and disciplinary actions.
• Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Qualifications

Minimum Formal Qualifications for this Position:

• Bachelor's Degree in Business, Business Administration, or a related field.
• 10 years' financial institution experience in the areas of Operations, Lending, or Regulatory Compliance or as a practicing attorney to include:
• 6 years' relevant experience supporting financial services practices.
• 6 years' relevant experience in Compliance and BSA/AML areas.
• 10 years' Financial institution experience with Regulatory Compliance in a heightened expectations regulatory environment (10 billion asset size). Preferred

Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example, a requirement of a bachelor's degree in accounting and 2 years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a master's degree in accounting and 0 years of work experience.
Technical or Specialized Knowledge/Skills:

• Pragmatism - the ability to transform regulatory expectations and risk frameworks into reality commensurate with the nature and extent of risk for the size of Ent Credit Union yet be able to scale up to support growth.
• Must be results-oriented.
• Strong reporting and analytical skills - effectively analyze significant amounts of data to facilitate understanding, decision-making, as well as synthesizing that data into usable and summarized information.
• Ability to establish good rapport with various areas of the organization and Risk peers, while building and maintaining working relationships with all levels of management, committees, and the board of directors.
• Able to explain complex concepts and terms in relatable ways to build understanding and acceptance of regulatory changes that may be required.
• Broad knowledge of, and practical experience with, credit unions or other financial institution operating areas, functions, products and services, and the laws and regulations (including the BSA and US PATRIOT Act).
• Commitment to being a part of a high-performing team and driving change.
• Knowledge of industry specific regulations and codes.
• Extremely strong attention to detail.
• Excellent organizational skills.
• Mastery of technical writing skills.

Certifications Required:

• At least one certification such as: Bank Secrecy Act (BSA), NAFCU Certified Compliance Officer (NCCO), or other specialized banking compliance certification authorized by Leadership. required

Environmental, Physical and Psychological Requirements:

• Standing - Occasionally
• Walking - Occasionally
• Sitting - Frequently
• Lifting - Rarely (40 Lbs)
• Carrying - Rarely
• Pushing - Rarely
• Pulling - Rarely
• Balancing - Rarely
• Stooping - Rarely
• Kneeling - Rarely
• Crouching - Rarely
• Crawling - Rarely
• Reaching - Occasionally
• Handling - Occasionally
• Grasping - Occasionally
• Feeling - Occasionally
• Talking - Frequently
• Hearing - Frequently
• Repetitive Motions - Frequently
• Eye/Hand/Foot Coordination - Occasionally
• Noises louder than normal speaking volume - Occasionally
• Temperature Changes - Rarely
• Atmospheric Conditions - Rarely

Additional Information

The pay range for this position is: $147,201.60 to $193,190.40 per Year (S20)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
We anticipate this position to close on 5/15/2024. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Benefits Summary Sheet - 2024The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)