Compliance Manager

Company Name:
Bethpage Federal Credit Union
The Compliance Manager is responsible for developing, implementing and administering all vital aspects of the credit union's Compliance Program. This position assists the AVP Associate General Counsel in planning, organizing, and controlling the credit union's day-to-day administrative, lending and operational compliance activities; collaborates with the Associate General Counsel in the overall administration of these directives for the credit union. Work with each Department to ensure strategic development and tactical implementation of new and existing products, services and processes that meet all applicable regulations. Participates in various committees, audits, reviews, and examinations. Performs duties in conjunction with the Bank Secrecy Act/OFAC Officer, Privacy Officer, and Bank Security and Safety Officer. Oversee the AML Program administration on a day-to-day basis. Works with Learning and Development and other business areas to foster understanding and training of all employees of regulatory compliance requirements. Conducts internal/external BSA and Fraud related investigations and reports to Management on appropriate corrective actions needed. Establishes, maintains and manages law enforcement agency contacts related to duties. As a member of the credit union's Correspondent Services Compliance Oversight Committee, participates in supervision and maintenance of regulatory requirements at correspondent services operation centres. Advises Senior Management, Management, and credit union personnel on emerging compliance issues, and consults and guides the credit union in the establishment of controls to mitigate risks. Manages and develop direct reports to ensure that they can effectively conduct their job responsibilities, as well as conducts their performance evaluations and address performance issues.

30% Responsible for working with BSA/Compliance Analysts and Departments in utilizing the Verafin AML/BSA system and other manual monitoring systems to research alerts and file reports to be in compliance with Bethpage's compliance program and federal/state regulations. Main components of AML/BSA monitoring include but are not limited to CTR/SAR reporting, money laundering alerts, case management, training, and watch-list monitoring. BSA risk assessments and monitoring also need to be completed on an ongoing basis. Develop and innovate the BSA/AML program to protect the credit union on an ongoing basis. Conduct detailed AML and Fraud investigations whether they are internal or external in conjunction with multiple departments as well as engage appropriate law enforcement and regulatory agencies. Produce desirable results to protect credit union interests and safeguards the institution.

20% Assist with and/or conduct compliance audits and reviews based on an annual calendar to ensure Bethpage is following regulatory requirements. Monitor regulatory changes and assist the compliance officer to ensure Bethpage takes necessary actions to comply with all requirements and to reduce Bethpage's exposure to lawsuits, penalties, adverse publicity and other risks. Assist with and/or approve advertising materials and sweepstakes rules in accordance with established checklists and templates approved by legal counsel. Assist compliance officer with all other administrative aspects of the compliance program. Actively participate in Compliance Oversight Committee to ensure joint implementations and analyses are conducted with respect to correspondent services being provided at Bethpage operational centers. Work with Learning and Development to ensure compliance training is achieved and sufficient for credit union's size and complexity.

20% Consult in project meetings to ensure the strategic development and tactical implementation of new and existing products, services, promotions, and plans conform to regulatory standards and requirements. Assist in answering inquiries related to compliance questions via email or legal Footprints to all the various business lines and operation units. Areas of inquiry may encompass but not be limited to Power of Attorney, trust, and other account situational reviews.

30% Supervise and coordinate the activities of compliance staff on a daily basis. Coach and mentor staff on performance to encourage growth and improve service levels. Verify completeness and accuracy of subordinates work and records. Manage their daily schedules and personal time. Complete performance appraisals for subordinates.

5-10 years' experience in compliance, BSA, or related fields that complement regulatory knowledge.
CAMS and CUCE/NCCO certified compliance professional with experience and demonstrated accomplishments in developing regulatory stability and financial performance.
Skilled compliance professional with strong organizational and communication abilities (oral and written).
Broad-based understanding of BSA/AML and Regulatory compliance regulations and fundamentals.
Familiarity with industry best practices, HMDA, USA Patriot Act, CIP requirements, SAR filings, and consumer protection compliance, including Privacy.
Experience in administering an electronic AML/BSA monitoring system. Prior experience with Verafin AML Software a plus.
Participation and experience in various trade organization committees and/or Boards desired.
Bachelor's Degree required
CAMS certification required
CUCE/NCCO certification required
Pre-Law educational background a plus

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