Risk and Compliance Manger
Company: Foothill Credit Union
Location: Arcadia
Posted on: May 8, 2024
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Job Description:
Description: Position: Risk and Compliance Manager FLSA
Classification: Exempt Supervision Responsibilities : Risk Analyst
Salary Range: $90,835.58 to $136.253.38 DOE Description Founded 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. Awards CUNA 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 Plan Flexible Spending Account Life
and AD&D Insurance Paid Time-Off Program Educational
Reimbursement Program Paid Holidays Special Recognition Programs
Referral 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 procedures o Examine books,
records, procedures, performances, and controls for fraud, errors,
or deficiencies o 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 regulations o
Examines investment and financial portfolios to determine
conformity with established policies, standards, and legal
requirements o 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 assigned Requirements:
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 designation
Other 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 needed to 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
PI6053ab76987d-35216-34353747
Keywords: Foothill Credit Union, Anaheim , Risk and Compliance Manger, Accounting, Auditing , Arcadia, California
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