Compliance Officer
Are you looking for a new challenge in compliance while further advancing your career? Marine Credit Union Enterprise invites you to consider joining our progressive financial institution during this exciting time for our organization! We are a full service Credit Union enterprise offering financial, insurance, and lending services for our members. Based in beautiful La Crosse, Wisconsin, with locations throughout the Tri-State area, Marine Credit Union offers a range of financial services through its Community Banking locations, Insurance Services to members and the general public via Marine Insurance Services, and lending services to other Credit Unions via our Consumer Loan Services subsidiary. A stable and thriving institution, Marine Credit Union Enterprise has the resources and experience to help you further develop your career. We are currently seeking an experienced Compliance Officer at our headquarters in La Crosse, WI.
Position Summary:
Oversee all credit union compliance operations to ensure Community Banking operates with full understanding of applicable laws and regulations. An emphasis is placed on providing accurate information to decision makers to improve credit union business results.
Major Duties and Responsibilities:
• On an on-going basis, review laws and regulations that impact the credit union’s compliance requirements, with emphasis on Bank Secrecy Act, Patriot Action, and OFAC.
• Perform the duties of the credit union’s BSA and OFAC Officer
• Evaluate the credit union’s policies, procedures, products, and programs to ensure compliance with applicable laws and regulations. Make recommendations for change where appropriate.
• Disseminate information, answer questions, and be a subject matter expert for the credit union on all compliance-related issues.
• Assess risk potential of current procedures and institute new procedures that minimize loss exposure.
• Ensure that any change in policy or procedure is communicated to impacted departments, or the credit union as a whole, with clarity. Follow up to ensure new procedures are understood and implemented.
• Develop and implement corrective action procedures as necessary to ensure compliance with policies and procedures and to avoid future compliance problems.
• In conjunction with the Quality Assurance Officer, coordinate a compliance review and present a summary report to management.
• Assist in the revision and/or design of forms, products, web site, programs, or promotions to ensure compliance with all State and Federal rules and regulations.
• Develop or assist in the development of compliance training programs.
• Assist compliance examiners with their examinations, making available the information that is necessary to complete their examinations.
• Develop and ensure implementation of record retention policies and procedures in accordance with regulations and laws.
• Provide internal compliance consulting and training to credit union management.
Expectations:
1. Provide exceptional member service to our members and the business.
2. Abide by all applicable policies, procedures and laws.
3. Ensure risk is effectively managed for enterprise businesses.
4. Proactively make recommendations to ensure compliance and best practice
5. Inform business leaders of regulatory trends, and how they may affect business operations.
Knowledge, Skills and Abilities:
Knowledge of all applicable banking policies, procedures, laws, and regulations related to MCU enterprise operations.
Knowledge of lending and deposit.
Ability to create and implement policies and process improvements.
Skills in managing risk for the organization.
Experience:
Lending and Retail Deposit Experience
Previous experience acting in an audit/compliance role
Experience creating and implementing process improvements to manage risk and ensure compliance.
Previous experience working within Banking/Financial Services highly desired.
Education: Undergraduate Degree in Business, Law or a related field highly desired. Certification in Compliance/Auditing a plus.
Interpersonal Skills: Courtesy, tact, and diplomacy are essential elements of the job. Work involves personal contact with others inside and outside the organization, generally regarding routine matters for the purposes of giving or obtaining information, which may require some discussion. Ability to build rapport effectively in order to provide compliance consulting.
Other Skills: Above average computer skills. Strong attention to detail.
We offer our employees an excellent Benefits Program, including:
Healthcare and dental coverage with competitive biweekly premium costs
No cost Short Term and Long Term Disability insurance coverage
Free Group Term Life insurance coverage
Optional Life insurance coverage
Voluntary Vision insurance
401k with company match
Employee Assistance Program for staff and their families
Marine Credit Union is an Equal Opportunity Employer.