Description
Performs a variety of compliance-related functions, especially functions related to regulatory compliance. Work involves participating in a comprehensive compliance management plan, including provision of accurate, timely, and comprehensive counsel concerning laws, regulations, case law, and other legal authority impacting the Credit Union, implementation of new legal or regulatory requirements, providing comments on proposed rules, and working with business units to ensure compliance with applicable laws and regulations. The position is responsible for conducting performance, operational, financial, and compliance reviews; providing consulting services to organizational management and staff; and providing input to the development of compliance management plans.
Work Arrangement - This position is a hybrid role, working weekly at our Headquarters in East Lansing, MI. Expectation is to work at least 1 day/week (Tuesday) in the office.
Schedule - Monday - Friday 8:30am - 5:00pm ET
An offer of employment with MSU Federal Credit Union and affiliates is contingent upon the agreed work arrangement (onsite/hybrid/remote) and work location. MSU Federal Credit Union may or may not be able to accommodate temporary or permanent changes to work arrangements or allow employment outside the city and/or state of residency in which the new hire resides at the time of offered employment.
Compensation & Benefits:
Salary: Level I starting at $120,000+, depending on experience
100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays
401(k) with a company match
Tuition Reimbursement
Up to 12 Weeks of Paid Parental Leave
Learn more about our benefits here
Essential Duties and Responsibilities:
Compliance Counsel:
Conduct complex research involving determination of applicable and pertinent laws, regulations, case law, and other legal authority, and use results of research to identify issues and make strategic recommendations.
Monitor and review new laws, regulations, case law, and other legal authority, identifying and summarizing relevant issues, necessary action, and applicable deadlines.
Assist in the identification and evaluation of the organization's compliance risk areas and provide input to the development of the ongoing compliance management program.
Perform various compliance procedures, including identifying and defining issues, developing criteria, reviewing and analyzing current processes and procedures, and documenting the credit union's regulatory compliance processes.
Assist in reviewing the Credit Union's regulatory compliance program and serves as a resource for compliance questions and issues that may arise from various areas throughout the Credit Union.
Stay informed of all laws, regulations, and other information that affect the Credit Union's operations; determines whether internal controls are adequate to ensure compliance with Credit Union goals, objectives, policies, procedures, and applicable laws/regulations while maintaining economical and efficient use of resources.
Identify, develop, and document compliance issues and prepare recommendations for improvement; discuss deficiencies, recommend corrective action, and suggest improvements in operations to achieve organizational efficiencies and maintaining regulatory compliance.
Participate in project meetings to provide the compliance perspective to the development of new products and services, or the modification of existing products and services.
Assists in collaboration with law firms/outside counsel concerning applicable laws, regulations, case law, and other legal authority.
Assist in communicating the results of compliance and consulting projects via written reports and oral presentations on a timely basis to management, the President/CEO, the Supervisory Committee, and the Board of Directors.
Develop compliance resources and contributes to compliance training materials.
Assist with training staff and the Board of Directors regarding compliance regulations.
Prepare and gather information for internal and external audits and NCUA Examinations.
Performs related work as assigned by the Compliance Manager, VP of Compliance, and/or Chief Risk Officer.
Pursue professional development opportunities, including external and internal training and professional association memberships, and shares information gained with co-workers.
Maintain productive team-oriented client, staff, and management relationships through individual contacts and group meetings.
Work outside of normal business hours may occasionally be necessary to complete projects and department objectives.
Identify opportunities for gaining efficiencies through the use of technology, and communicate those opportunities to the Compliance Manager, VP of Compliance, and/or Chief Risk Officer.
Participate in training activities within your department and with the Learning and Talent Development department; such training helps to ensure staff compliance with Credit Union policies and state and federal regulations and laws. Training activities may also include occasional conference attendance.
Perform other duties and assist other employees, as assigned.
Sr. Compliance Counsel:
All of Compliance Counsel duties and responsibilities.
Demonstrate the ability to independently research a variety of compliance issues.
Demonstrate significant knowledge of relevant laws and regulations affecting the credit union.
Demonstrate the ability to accept increasingly complex duties and responsibilities and perform those additional duties to a satisfactory level.
Demonstrate the ability to independently plan, perform, and complete compliance projects.
Assist and mentor team members with less experience in... For full info follow application link.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
