What are the responsibilities and job description for the Compliance Control & Monitoring Manager position at LMCU?
Title: Compliance Control & Monitoring Manager
Primary Location: Grand Rapids
Employee Status: full-time, exempt
Estimated Hours/Week: 38
Remote: No
LMCU is looking for a Compliance Control & Monitoring Manager who will be responsible for working in a team environment to develop and execute regulatory controls and testing to provide reasonable assurance that each line of business within LMCU is complying with applicable laws, regulations, and internal policies.
What you’ll do:
We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union, LMCU is a not for profit institution, owned by its members, instead of corporate stock holders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.
It’s about always doing what’s best and right for our members - it guides everything we do.
From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.
You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.
Have additional questions about the role?
You may email us at: Careers@lmcu.org.
If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance:
Call us at: (616) 242-9790
Mail your resume to: 5664 Prairie Creek Drive, Caledonia, MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.
LMCU is an Equal Opportunity Employer
Primary Location: Grand Rapids
Employee Status: full-time, exempt
Estimated Hours/Week: 38
Remote: No
- This is not a remote opportunity. Position required to report to the Grand Rapids office daily.***
- Weekly Pay
- Comprehensive Health & Wellness package including Medical (with prescription coverage), Dental, and vision
- Matching Health Savings Account Contributions, Dependent Care flexible spending account (FSA)
- Retirement options like 401 (k) with company match and pension.
- Paid time off: Vacation, Personal days, paid holidays, paid volunteer time, sick days, & flex time.
- Tuition reimbursement
- To see a full list of our benefit offerings – check out this helpful guide!
LMCU is looking for a Compliance Control & Monitoring Manager who will be responsible for working in a team environment to develop and execute regulatory controls and testing to provide reasonable assurance that each line of business within LMCU is complying with applicable laws, regulations, and internal policies.
What you’ll do:
- Manage process walkthroughs and design monitoring and testing activities for areas deemed to be of higher focus. Perform an analysis of evidentiary data and draw conclusions as to the adequacy and effectiveness of business controls. Ensure that workpapers are thorough, well-organized, and support the work executed, including evidence of exceptions identified.
- Prepare and present reports that are appropriate for executive-level consumption to clearly communicate results, risks, root causes, and key issues.
- Maintain current knowledge of CFPB and other regulators’ focus areas, specific to consumer protection regulations, enforcements, and industry practices.
- Manage compliance issues identified during testing and follow up as needed. Ensure corrective action plans are properly executed to comply with corporate policy or applicable regulation.
- Support development of the annual compliance monitoring plan, including recalibration of the plan based on the results of the compliance risk assessment, as well as external/audit findings that might adjust the monitoring plan.
- Three years to five years of similar or related experience, including preparatory experience, in a corporate testing or audit function within the financial services sector and/or related experience working in complex audit or testing operations, or related projects.
- Experience with banking regulations is a plus. Experience working with regulatory agencies, such as the NCUA, CFPB, etc.
- Willingness to obtain compliance certification.
- A bachelor's degree in business administration, finance, accounting, economics, risk management, or related field of study.
- CRCM, CIA, or CAMS certifications preferred, but not required.
- Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.
- Excellent written skills in interacting with non-executives and executive management and across a number of business lines and control functions.
- Ability to effectively prioritize multiple tasks and work collaboratively as part of a team.
- Ability to evaluate detailed business data and test results with healthy skepticism and an understanding of when and how to challenge.
- Expert knowledge in banking compliance rules, laws, and regulations and specific regulatory requirements.
- Strong background in analyzing regulatory requirements and conducting control assessments.
We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union, LMCU is a not for profit institution, owned by its members, instead of corporate stock holders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.
It’s about always doing what’s best and right for our members - it guides everything we do.
From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.
You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.
Have additional questions about the role?
You may email us at: Careers@lmcu.org.
If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance:
Call us at: (616) 242-9790
Mail your resume to: 5664 Prairie Creek Drive, Caledonia, MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.
LMCU is an Equal Opportunity Employer
