Vice President - Compliance

Vice President - Compliance

The Vice President of Compliance is responsible for leading and overseeing the credit union's enterprise wide compliance management program for a complex, nationwide credit union with a multi-billion-dollar asset base and ambitious growth objectives. This role ensures compliance with all applicable federal and state laws, regulations, and regulatory guidance, with a strong emphasis on National Credit Union Administration (NCUA) requirements, consumer financial protection laws, Bank Secrecy Act / Anti Money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC), fair lending, privacy, and operational compliance.

The Vice President of Compliance serves as the Credit Union's designated Compliance Officer and acts as a strategic advisor to executive leadership and business units regarding regulatory compliance, emerging compliance trends, and supervisory expectations. The role is accountable for maintaining a robust Compliance Management System (CMS) that supports strategic growth initiatives across all business lines. Ensure compliance is embedded into decision making, training, and performance expectations to foster a culture of compliance and ethical conduct throughout the organization.

• Lead, administer, and continuously enhance the enterprise Compliance Management System, including compliance policies, procedures, training, monitoring, testing, issue management, and executive leadership reporting.
• Serve as the Credit Union's Compliance Officer, and Custodian of Records.
• Ensure compliance with all applicable federal and state laws and regulations impacting credit union operations, including those issued or enforced by NCUA, CFPB, FinCEN, and applicable state regulators.
• Maintain comprehensive knowledge of regulatory changes, interpret regulatory requirements, assess operational impact, and advise executive leadership, and management accordingly.
• Oversee regulatory change management processes to ensure timely implementation across the organization and documentation of new or revised regulatory requirements.
• Ability to research, assess and determine regulatory impact to business systems, processes and initiatives and influence decisions accordingly.

• Identify, assess, and mitigate compliance risks across all business lines, products, services, and affiliates.
• Develop, maintain, and update enterprise compliance risk assessments, including those related to consumer compliance, operational compliance, and regulatory obligations.
• Oversee compliance monitoring, testing, quality control, and independent review activities to ensure adherence to regulatory requirements and internal policies.
• Ensure timely remediation of compliance findings, deficiencies, and regulatory matters requiring attention.
• Track and report compliance issues, trends, and remediation efforts to executive leadership and designated committees.
• Administer quality control governance over lending and secondarymarket activities to ensure regulatory compliance and risk mitigation.

• Core NCUA / Federal Credit Union Governance
• Federal Credit Union Act
• NCUA Rules & Regulations (12 CFR)
• NCUA Part 701 – Organization & Operations
• NCUA Part 741 – Requirements for Insurance
• Prompt Corrective Action (PCA)
• NCUA Examination & Supervisory Process
• Enterprise Risk Management Expectations
• Compliance Management System (CMS)
• Board Governance & Reporting
• Records Retention Requirements
• BSA / AML / OFAC
• Bank Secrecy Act (BSA)
• USA PATRIOT Act
• Customer Identification Program (CIP)
• Customer Due Diligence (CDD)
• Beneficial Ownership Rule
• Suspicious Activity Reporting (SAR)
• Currency Transaction Reporting (CTR)
• OFAC Sanctions Compliance
• AML Independent Testing Requirements
• AML Training Requirements
• Consumer Lending & Fair Lending
• Equal Credit Opportunity Act (ECOA / Regulation
  
  B)
• Fair Housing Act (FHA)
• Truth in Lending Act (TILA / Regulation Z)
• Real Estate Settlement Procedures Act (RESPA / Regulation X)
• Home Mortgage Disclosure Act (HMDA / Regulation
  
  C)
• Fair Credit Reporting Act (FCRA / Regulation V)
• Fair and Accurate Credit Transactions…