Compliance Manager, Management

Join to apply for the Compliance Manager role at Federal Home Loan Bank of Des Moines

At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce, enabling us to serve the needs of our members and help them succeed.

The Compliance Manager is responsible for ensuring that Community Investment Department’s (CID) policies and procedures are compliant with applicable regulations and bank requirements, and that controls are effective and designed for holistic risk management and long-term sustainability.

• Serve as CID’s liaison to Internal Audit and Federal Housing Finance Agency (FHFA) examinations
• Lead new law and regulatory standard gap analysis and ensure successful compliance implementation
• Ensure compliance controls are in place for all regulatory, policy, and procedural requirements
• Manage content of all policies and procedures, ensuring they comply with all applicable regulations, policies and risk appetite
• Manage accuracy of Business Process Maps
• Manage complaint and allegation of fraud investigations and resolution
• Manage change management of CID’s policies, procedures, and processes
• Establish and perform compliance monitoring of controls, testing, and reporting
• Establish and maintain procedure governing document inventory for the department
• Establish and manage change control process for updating and implementing process and procedural changes including downstream implications
• Manage the overall business processes of the department ensuring policies and procedures are in place to minimize internal and external operational risk
• Maintain an inventory of all Community Investment regulations
• Responsible for ensuring that the department adheres to SOX and EUC regulations and bank policy. In support of SOX and EUC must establish complete and accurate design specifications in collaboration with the Operations Risk department
• Support the preparation of reporting for the Board, Advisory Council, Federal Housing Finance Agency, and internal/external parties
• Manage successful implementation of CID Risk Control Self-Assessment (RCSA)
• Manage record retention consistent with Bank requirements
• Other duties and/or projects as assigned

• Bachelor’s degree in business or related field required
• 5+ years experience in Audit, Compliance, or Operations Risk preferred
• CIA designation preferred
• Ability to interpret laws and regulations and analyze processes to ensure they meet regulatory requirements
• Strong collaboration skills with proven ability to partner across teams to resolve challenges
• Excellent Excel, Word, and Power Point skills
• Excellent analytical, risk management, reporting, leadership, interpersonal, oral and written communication skills
• High performer who can collaborate and communicate with all levels of staff within the organization

Annual Salary: $ - $

This salary range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data. This role is also eligible to participate in the Bank’s annual incentive plan.

As part of our competitive Total Rewards package, the Bank offers 11 paid holidays, 5 weeks of PTO and a work culture that values work/life balance. Most roles are eligible for our hybrid work schedule. We match 100% of the first 6% you contribute to your 401(k) and provide an additional 4% non-discretionary contribution to your 401(k) at the end of year.

At FHLB Des Moines, we work to create an inclusive culture. This enables us to effectively serve the needs of our members and help them succeed. FHLB Des Moines is proud to be an Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.