What are the responsibilities and job description for the Compliance Officer (Financial Services) - DC area position at Veritas Partners?
Responsibilities
- Develops and manages credit union wide compliance training program. Proactively manages and updates training to ensure changes in relevant laws and regulations are indoctrinated into all affected departments and personnel
- Point of contact on all Compliance exams and the compliance portion of any other exams and internal audits
- Facilitates remediation of compliance audit findings by training staff to make corrections and prevent future violations
- Assists in vendor due diligence and special projects as directed by management to evaluate risks
- Evaluates the impact of existing and new regulatory changes to ensure appropriate stakeholders are informed and necessary changes are implemented timely
- Designs, develops, and coordinates the preparation and ongoing review of policies, procedures, training materials, and other communication tools to ensure departments meet compliance requirements
- Plans and assigns the annual compliance training plan for the CU
- Drafts and reviews regulatory compliance policies and procedures for the annual approval
- Performs appropriate research and provides answers and/or solutions to compliance-related questions from across the credit union
- Provide regulatory guidance and advice to Lending, Retail Banking, Digital Banking, etc
- Five-ten years of related compliance, risk, and/or audit experience in the financial services industry
- Must be US Citizen
- Strong lending compliance/consumer protection knowledge is absolutely key: TILA, Reg Z, Fair Lending, Fair Credit Union Act, ECOA, RESPA, ECOA, FDCPA, UDAAP
- Banking compliance experience is a must
- Credit union/NCUA experience is highly preferred
- Bachelor’s degree in business, accounting or related field; banking schools and/or an advanced degree is preferred. Or equivalent combination of education and experience
- Professional certification in the field of compliance or auditing is preferred such as NCCO, CRCM, and CFE
- Experience with Quality Control and Quality Assurance in a Financial Institution with specific experience in deposits and lending is required
- Experience drafting and reviewing compliance policies, procedures, training materials, complaint responses and marketing materials.