Risk and Compliance Manger
Company: Foothill Credit Union
Location: Arcadia
Posted on: May 4, 2024
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Job Description:
Description:Position: Risk and Compliance Manager FLSA
Classification: ExemptSupervision Responsibilities: Risk
AnalystSalary Range: $90,835.58 to $136.253.38 DOE
Do not pass up this chance, apply quickly if your experience and
skills match what is in the following description.
DescriptionFounded in 1958, Foothill is a not-for-profit,
member-owned, $720 million-strong cooperative financial institution
serving more than 30,000 members. We focus on providing quality
member service to our 300+ SEGs, including six hospitals, fourteen
school districts, two colleges, seventeen private schools,
businesses, and municipalities in the San Gabriel Valley. Serving
our members with excellence and exceeding expectations is at the
forefront of our business, and we can happily share that Foothill
has been ranked a five-star financial institution by Bauer
Financial. Bauer only recommends institutions with four- and
five-star ratings. We are amongst the highest of our peers.
Foothill Credit Union is a community advocate and strives to
partner with other businesses and organizations dedicated to
community involvement. We often participate in events and
fundraising efforts benefiting the schools and organizations we
serve to give back to our members and community.
AwardsCUNA 2021 Member Benefits Top Performance for delivering a
direct benefit of $690 per member household.
Benefits:We offer a competitive compensation package, including
benefits such as health, dental, and vision insurance, vacation
time off, retirement plans, and professional development
opportunities.Health Insurance Coverage (Medical, Dental, and
Vision)401(k) Plan with dollar-for-dollar match (up to
6%)Profit-Sharing PlanFlexible Spending AccountLife and AD&D
InsurancePaid Time-Off ProgramEducational Reimbursement ProgramPaid
HolidaysSpecial Recognition ProgramsReferral Program
Foothill Credit Union is an Equal Opportunity Employer and does not
discriminate against any team member or applicant for employment
because of race, color, sex, age, national origin, religion, sexual
orientation, gender identity, status as a veteran, and basis of
disability or any other federal, state or local protected
class.
Summary: This position is the risk management, compliance,
security, and Bank Secrecy Act/OFAC officer for the credit union
and the internal auditor. Additionally, this position will be
responsible for: COMPLIANCE: Responsible for developing,
implementing, and maintaining compliance programs that empower the
credit union to take appropriate risks while mitigating
unacceptable risks. AUDIT: Responsible for conducting internal
audits and engaging outside independent audits in business areas
predetermined annually with an approved audit plan; compile, issue,
and report detailed conclusions and provide recommendations for
improvement to management and the Supervisory Committee. SECURITY:
Partner with the leadership team, especially the Chief Technology
Officer, to ensure the credit union's written security program is
appropriate and addresses Section 748.0 of the NCUA's Rules and
Regulations. The program is designed to protect credit union assets
and the confidentiality of member records. BSA/OFAC: Responsible
for the day-to-day reporting and record-keeping requirements and
will perform internal compliance reviews and coordinate outside
independent reviews based on a pre-approved annual audit plan.
Essential Duties and Responsibilities: - Implement, manage, direct,
and oversee the auditing, compliance, and security programs. -
Review and appraise the soundness, effectiveness, and proper
application of accounting and financial controls, compliance
procedures and controls, and the timeliness of documentation
generation - Serve as a liaison to the Supervisory Committee and
all external audit and regulatory agencies - Responsible to inform
the Supervisory Committee Chair unilaterally with senior management
on any fraud-related investigation or possible impropriety findings
- Responsible for the credit union's compliance with all applicable
laws, rules, policies, and procedures (HMDA, BSA, Safe Act, Truth
in Savings, etc.) - Prepare policies and procedures for compliance
issues; conduct periodic reviews of existing policies and
procedures to ensure accuracy, efficiency, and effectiveness -
Review branch policies and procedures to verify appropriate
implementation, including oversight of opening and closing
procedures, ATM and night depository procedures, night balancing,
and cash protection - Assume responsibility for developing and
recommending training programs and manuals that assist in loss
prevention, compliance, and regulatory changes; assist with
in-house related training programs - Prepare and deliver assigned
reports in a timely, accurate manner. This includes an
enterprise-wide risk scorecard aggregated from multiple business
units' input - Responsible for reviewing compliance-related
operations and reports (Safe Act, BSA, FinCen, etc.) - Responsible
for verifying the effective and accurate performance of financial
and operational audits - Responsible for establishing and
maintaining effective communication and coordination with area
personnel, management and the Supervisory Committee - Perform
audits of financial accounting functions, operational functions,
real estate, consumer and business loans, information systems, and
other areas as assigned - Ensure, coordinate, and conduct surprise
cash counts involving teller balancing, branch cash, and reviewing
cash controls and security - Performs various audit functions,
including balancing, reconciling, verifying, sampling, confirming,
evaluating, and reviewing credit union products and services such
as member accounts, dormant accounts, fees charged, overdrafts,
etc.o Interview credit union personnel to gather information and
determine conformity with established procedureso Examine books,
records, procedures, performances, and controls for fraud, errors,
or deficiencieso Select a random statistical sampling for
confirmations. Reviews and verifies new loans, collateral files,
extensions, problem and delinquent loans, and file and document
maintenance. Reviews loan authority, collateral perfection, and
conformity with credit union policies and government regulationso
Examines investment and financial portfolios to determine
conformity with established policies, standards, and legal
requirementso Identifies and reports discrepancies, errors, and
other detected problems - Develop new or improved audit programs as
requested. Assists in developing audit procedures and makes
recommendations regarding what is to be audited, the methods to be
used, and the frequency of the audits - Develop and present an
annual audit plan to the Supervisory Committee - Recommends and
engages outside independent audits in areas such as IT, BSA,
finance and accounting, consumer and commercial lending - Maintain
appropriate levels of confidentiality - Assume responsibility for
related functions; fill in and perform duties in the department as
needed; perform other duties as
assignedRequirements:Education/Experience Requirements: -
Bachelor's degree in Business Administration, Accounting, Finance,
or related field; or equivalent combined education and work
experience of a minimum of seven years of work-related experience
plus a minimum of five to eight years of experience in a related
regulatory compliance position is required.
Desirable certifications in the following areas: - Credit Union
Compliance Expert of similar designationOther Skills and Abilities:
- Demonstrated ability to prepare clear and concise written
recommendations - Demonstrated project management skills with
successful implementation - Must possess effective verbal and
written communication skills - Must have advanced knowledge and
experience with Windows, Word, Excel and other computer
applications - Thorough knowledge of applicable federal and state
financial regulations - Understanding of IT, loan procedures, and
documentation requirements - Solid analytical and problem-solving
skills - Attention to detail and highly observant - Creative and
able to develop innovative solutions to complex issues - Work
remotely without onsite supervision; regularly travel within the
branch network - A valid California Class C Driver's License, a
method of transportation when neededto carry out job-related
essential functions and at least minimum automobile insurance
coverage as required by the State of California
Compensation details: 90835.58-136253.38 Yearly Salary
PI0e6f63cf0e3b-31181-34353747
Keywords: Foothill Credit Union, Hacienda Heights , Risk and Compliance Manger, Accounting, Auditing , Arcadia, California
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