Manager, Enterprise Risk & Compliance

Alaska USA Federal Credit Union   •  

Anchorage, AK

Industry: Finance & Insurance

  •  

11 - 15 years

Posted 51 days ago

Functions Supervised: Enterprise Compliance; BSA/AML; Operations Risk Management; Vendor Risk Management


Primary Functions: The Manager, Enterprise Risk & Compliance will be responsible for implementing the Credit Union's long term strategic compliance plan, in anticipation of future growth and expanded regulatory responsibilities and oversight. She/he will oversee the BSA/AML department, the Operations Risk Assessment Program, the Vendor Risk Management program, and the enterprise Compliance Officer. She/he will identify and lead risk and compliance initiatives, develop and refine appropriate risk and compliance monitoring and testing processes, implement a centralized complaint management system for the Credit Union, and work with all levels and departments in the organization to reinforce and energize the risk and compliance ecosystem of the Credit Union.


Duties and Responsibilities:

  1. Oversee compliance projects and work with lines of business and enterprise resource departments on compliance initiatives and priorities;
  2. Develop monitoring and testing processes; Review, test and monitor specific regulatory compliance areas and work with stakeholders on necessary improvements;
  3. Maintain tracking of business units' action plans and new products to ensure identified gaps and corrective actions are promptly addressed, resolved, and documented;
  4. Oversee regulatory research and work closely with front-line compliance personnel throughout the organization to ensure consistency in compliance goals;
  5. Lead organizational initiatives in anticipation of future growth and the changing regulatory landscape applicable to the Credit Union, including improvements to organizational design and department structure;
  6. Provide leadership, coaching, employee training, problem resolution and day-to-day functional guidance to risk and compliance staff;
  7. Provide direction, backup, and support to the BSA Officer, and indirectly to the BSA/AML team;
  8. Investigate detected/suspected issues, provide guidance and find solutions to identified problems;
  9. Interact with state and federal regulators in a positive and constructive manner regarding the enterprise risk and compliance programs and applicable requirements;
  10. Provide education/training as requested; ensure adequacy of organization-wide compliance training and corrective action efforts when necessary;
  11. Evaluate and implement system improvements;
  12. Create and maintain trust by working as a valued business partner with business lines, senior leadership, and other compliance professionals to manage compliance efforts at all levels of the organization;
  13. Prepare reports and conduct research for management committees and senior leadership.

RequirementsEducation: Bachelor's degree in business, economics, finance, statistics, information technology, or related fields expected. MBA, Juris Doctorate (JD), and/or other applicable professional certification preferred (i.e., Commissioned Federal Bank Examiner; Certified Regulatory Compliance Manager; Certified Enterprise Risk Management Professional; Project Management Professional, etc.).

Creditable Experience in Lieu of Education: Not Applicable

Experience/Skills: Minimum of ten years of experience working at a senior level or higher in a heavily regulated industry, including direct experience with audit, regulatory compliance, and/or enterprise risk management. Impeccable ethical reputation and strong emotional intelligence. Previous executive-level experience preferred. Strongly prefer candidates with experience working in financial services and/or multi-state operations of a size and scale comparable to Alaska USA. To also include the following:

• Knowledge and understanding of regulatory risk and compliance challenges in the financial/banking sector.

• Ability to read, analyze and interpret financial reports, legal documents, governmental regulations and professional publications.

• Understanding of the role risk and compliance functions can play in supporting business and strategic objectives.

• Proven track record of working well and influencing peers, as well as members of a senior management team.

• Experience interacting and working successfully with federal regulators.

• Previous and demonstrable experience building and leading a successful and effective team of professionals, including oversight of remote personnel.

• Flexible approach to new projects, requirements, and workplace demands.

• Possess strong project management, organizational, analytical, presentation and leadership skills. Previous leadership of change management initiatives.

• Ability to influence major decisions having compliance ramifications through reasoned analysis and business understanding.

• Knowledge and experience with the implementation and management of complex IT systems preferred.

• Excellent and demonstrable oral and written communication skills.

• High emotional intelligence, good judgment, and sense of humor.

• Proficiency in MS Word, Power Point and Excel is required.