Senior Compliance/BSA Officer at Prince Georges Community Federal Credit Union

Bowie, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

17 Dec, 25

Salary

0.0

Posted On

19 Sep, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Compliance, Risk Management, Fraud Prevention, Audit, Vendor Management, Training, Regulatory Knowledge, Communication, Analysis, Policy Development, Teamwork, Problem Solving, Attention to Detail, Project Management, Legal Compliance, BSA/AML

Industry

Financial Services

Description

Description Under general supervision, but following established policies and procedures, the Senior Compliance/BSA Officer is responsible for ensuring the Credit Union maintains adequate credit, market, and operational risk, thus ensuring full compliance with all NCUA laws, regulations, and internal policies and procedures. This role develops, implements, directs, and supports the Credit Union’s overall compliance with applicable rules, regulations and statutory requirements; and directs the development, implementation and maintenance of internal and external risk management programs. The position ensures that the audit coverage over the Credit Union’s assets, products, services, functions, and activities is sufficient to satisfy regulatory requirements and protect against financial irregularities, impropriety, fraudulent activity and loss; oversees and manages contract procurement and vendor management for the credit union; liaises with governmental and law enforcement regarding fraud. This is a full-time position (Monday thru Friday) and the ideal candidate will have the flexibility to work occasional evening or weekend hours and periodic community events (once or twice a year). This person must consistently uphold the mission, vision, and core values of the credit union, and possesses the ability to cope in a team focused, fast-paced sales and service culture. DUTIES AND RESPONSIBILITIES: Research, review and stay current on laws, regulations, related to maintaining compliance and to operational risk management and act as the subject matter expert on these matters, providing information and answering questions as needed. Field inquiries from Management or the Board and produce reports, supporting analysis, conclusions and recommendations. Through independent reviews, evaluate the credit union’s compliance and security guidelines, risk management, loss prevention, and other policies, procedures, products, programs, and systems to ensure compliance and effectiveness. Develop, suggest, and implement corrective plans, revised security measures, or other changes as needed. Communicate changes in security safeguards, policies, or procedures clearly to Management, the Board of Directors, and the appropriate employees; ensuring training is updated to reflect the latest revisions. Coordinate risk assessments and compliance audits; work with auditors and examiners and present summary reports to Management and the Board of Directors as necessary. Perform or assist in the review, revision, and development of forms, products, disclosures, web content, advertising, marketing collateral, etc., to be compliant with regulations and loss prevention; and review contracts and agreements’ implications for compliance or loss; and interface with legal counsel and bonding agency to ensure these protect the interests of the Credit Union. Act as the internal and external point of contact for questions pertaining to fraud (such as counterfeits, forgery, altered checks, identity theft, account takeovers and employee fraud); communicate with governmental and law enforcement agencies regarding related risk management matters and loss; and coordinate the response to information requests such as subpoenas, garnishments, search warrants. Oversee the Credit Union relationship with compliance and risk management vendors; track the Credit Union’s relationships with other vendors that present moderate or high risk to operations; and conduct due diligence of new vender performance and integrity to evaluate compliance and risk implications. Develop and enforce compliant record retention policies and procedures. Develop and deliver BSA/AML training to employees and the Board of Directors; and cooperate with the Training Specialist and the Chief Human Resources Officer to coordinate and update the Credit Union’s full compliment of compliance training. Attend monthly Board of Directors meetings and serve on the Governance Committee. Other duties as assigned Requirements Requires 3 to 5 years’ experience in financial institution regulatory compliance; BA/BS or MBA preferred Requires either a bachelor's degree or relevant certifications; such as NCCO certification (NAFCU certified compliance officer). (Must obtain NCCO within one year of hire.) Requires a broad knowledge of and demonstrated experience with credit union or other financial institution operating areas, functions, products and services and the laws and regulations which apply to credit unions.

Responsibilities

The Senior Compliance/BSA Officer is responsible for ensuring the Credit Union maintains compliance with NCUA laws and regulations while managing risk. This role involves developing and implementing compliance programs, conducting audits, and liaising with law enforcement regarding fraud.