Compliance Officer

Arise Financial; Lowell (MA); On-site; USD 90,000 - 115,000; Full time

Benefits offered by this job

Medical, dental, vision benefits

401(k) with company match

Tuition reimbursement

Paid time off

Life, AD&D, and LTD insurance

Job summary

Rockland Federal Credit Union is seeking a Compliance Manager to operate under the direction of the VP of BSA and Compliance, administering the Credit Union's Deposit and Lending compliance programs, as well as audit activities and other regulatory actions.

Responsibilities include monitoring laws and regulations, performing self-testing, reviewing lending, deposit, and marketing areas, and advising management on methods to improve regulatory performance; you will coordinate with teams to ensure

Qualifications

• Bachelor's degree in related field or equivalent work experience.
• Minimum six years' related experience in a financial institution.
• CRCM certification or equivalent combination of education and experience.
• Advanced knowledge of relevant laws and regulations.
• Strong written, oral, and organizational skills.
• Experience with core banking, anti-fraud, risk, and/or compliance software.

Responsibilities

• Monitors programs that verify compliance with laws, regulations and rules.
• Performs periodic compliance monitoring and self-testing of controls.
• Reviews lending, deposit, and marketing areas for regulatory compliance.
• Maintains programs to evaluate compliance management activities.
• Advises management on methods to improve regulatory performance.
• Coordinates with teams to ensure regulatory requirements are met and projects are completed timely.

Skills

Analytical skills

Written and verbal communication

Decision making

Attention to detail

Education

Bachelor's degree in related field

CRCM certification

Tools

Microsoft Office

Compliance software

Core banking systems

Risk management tools

Job description

Under the direction of the VP of BSA and Compliance, Responsible for administering compliance with all aspects of Deposit Compliance, Lending Compliance and audit programs, as well as all other matters requiring regulatory action.

RESPONSIBILITIES:

• Monitors programs that verify the Credit Union's compliance with laws, regulations and rules governing operations and product offerings
• Performs periodic compliance monitoring and self-testing to verify that controls are operating effectively
• Periodic compliance monitoring includes reviews over the following business areas/functions: Lending related regulations, including HMDA, RESPA/TRID, FCRA, Commercial Lending, Residential Lending, Deposit related regulations, including ACH and Electronic Banking, Marketing.
• Ensures the Credit Union complies with all Federal and State regulations
• Maintains ongoing programs to evaluate the Credit Unions compliance management and compliance activities
• Advises Credit Union's Management of methods to develop and improve the Credit Union's regulatory performance.
• Assists in maintaining ongoing programs to evaluate the Credit Union's compliance, including the Monitoring and Testing Program, Compliance Management activities to ensure all levels of risks are identified and addressed
• Assesses the Credit Union's monitoring and testing program and assists Management with implementation and support of products and services, to ensure all levels of risks are identified and addressed
• Ensures that risk issues associated with new products and significant changes in existing products are properly evaluated and adequately addressed
• Manages the reviews of Credit Union advertisements and marketing materials and promotional giveaways to ensure they are in compliance with federal regulations and do not pose any financial and/or reputational risk to the Credit Union.
• Serves as a resource and support to Credit Union Management and employees on issues or inquiries, as needed
• Ensures corrective action is implemented on issues identified
• Maintains a high level of knowledge through training, participation in outside seminars and from professional publications and groups to ensure compliance with NCUA laws and regulations; applicable state laws; and such other laws and regulations as may be imposed on the Credit Union
• Assists in comprehensive compliance projects being considered or implemented at the Credit Union
• Coordinates with the appropriate team to assist in the project while ensuring that proper regulations are met and that the project is completed in a timely manner

REQUIREMENTS:

• Bachelor's degree in related field, or equivalent work experience
• Minimum of six (6) years' prior related experience in a financial institution, preferably a credit union or bank
• Required Certified Regulatory Compliance Manager (CRCM) or an equivalent combination of education and experience sufficient to perform the essential functions of the job
• Advanced knowledge of related laws and regulations
• Advanced knowledge of bank/credit union operations, systems, and infrastructure
• Advanced written, oral, and organizational skills
• Strong decision making, analytical, and investigation skills with high attention to detail
• Intermediate proficiency in software for core banking, anti-fraud, risk, and/or compliance management
• Intermediate skills in Microsoft Office suite (Word, Excel, Outlook)

RFCU offers a comprehensive benefits package, including Cigna medical benefits, dental benefits, vision benefits, a 401(k) plan with company match and profit-sharing potential, flexible health and dependent care plans, and life, AD&D, and LTD insurance. We also provide a generous and flexible tuition reimbursement program, along with a PTO package designed to help employees recharge and enjoy time with family and friends.

In alignment with our commitment to pay transparency, we're pleased to share that the base salary range for this position is $90,000 - $115,000, excluding fringe benefits or potential incentives. If you're hired at Rockland Federal Credit Union, your final base pay will be determined based on factors such as skills, education, and experience. We also take pay equity seriously and consider the internal equity of our current team members as part of any final offer. Please note that the range provided reflects the full base pay for this role. We also offer a comprehensive compensation and benefits package designed to support your overall well-being and success.

Rockland Federal Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.