Compliance Officer Bilingual

Position Purpose and Objectives

The Compliance Officer Bilingual will be responsible for proactively assisting senior leadership and business units in keeping up to date with compliance issues.

This position will serve as the central point of contact and coordination of all regulatory compliance implementations or changes and ensure that the Credit Union and Todos Unidos brand are compliant with all applicable regulatory requirements.

Todos Unidos is a Spanish brand created by Credit Union of Texas, that offers financial products and services in Spanish for the Hispanic and Latino community.

To best serve as the central point of compliance contact for the Todos Unidos brand, the Compliance Officer Bilingual is required to be bilingual in English and Spanish.

Bilingual means the ability to read, write, and speak fluently in both languages. This position will also oversee policy management process, various quality assurance reviews, advertisement / marketing materials reviews and other ad hoc tasks.

Major Duties and Essential Functions

• Serve as the central point of contact and coordination of all regulatory compliance matters for the Credit Union and Todos Unidos brand.
• Serve as the central point of contact for the review of advertising and marketing materials for the Credit Union and Todos Unidos brand.
• Analyze and validate the underwriting and credit quality of auto loan originations to the Credit Union's loan policies and guidelines.
• Conduct and / or review various compliance quality assurance reviews.
• Prepare and provide reporting to business units and senior leadership summarizing the results of various compliance quality assurance reviews, trends and recommendations.
• Stay abreast of all new regulatory changes and implementations which are in the pipeline.
• Develop a high level analysis of how new or updated federal or state regulations may impact applicable business processes.
• Facilitate annual Business Impact Analysis (BIA) reviews with all business units to maintain up-to-date business continuity plans.
• Assist the Vice President Operational with managing the Credit Union's Business Continuity Management program.
• Schedule and participate in periodic Enterprise Risk Management (ERM) meetings, take notes and prepare updates for the Executive Management Committee (EMC), as directed.
• Ensure Credit Union policies and procedures meet regulatory requirements and include applicable updates. Responsible for submitting policies to EMC and Board as required.
• Work with applicable staff and / or Marketing department to communicate to members and staff the necessary information about new and existing regulatory requirements relative to the Credit Union and Todos Unidos brand business processes.
• If requested, assist business owners with developing action plans to address compliance issues relative to business processes, member related forms, policies and systems.
• Assist with reviewing and translating documentation for the Todos Unidos brand to ensure new regulations or changes to regulations are incorporated accordingly, as needed.
• Respond to staff questions regarding compliance issues or inquiries.
• Research and provide guidance for various regulatory related projects as directed.
• Assist CUTX Compliance Analysts and Vice President Operational Risk as needed to facilitate implementation of updated federal or state regulations and Marketing material reviews.
• Support new product implementation and on-going product support.
• Continually evaluate support needs, define business requirements, access options, and propose solutions.

Positions directly supervised : N / A

Specific Knowledge, Skills, and Abilities Requirements of this Position

• Must be fluent in both English and Spanish .
• Knowledge of State and Federal regulations affecting credit union deposit, lending, advertising, marketing and support functions.
• Ability to read, analyze, clarify and interpret federal or state laws / regulations and apply them into actionable internal policies and procedures.
• Basic knowledge of credit union policies, procedures, services and products affecting operations.
• Extensive knowledge of BSA / AML regulations, OFAC regulations, CIP, Member Due Diligence and Enhanced Due Diligence requirements, FinCEN guidance, and NCUA and other regulatory guidance related to BSA / AML / OFAC and financial crime.
• Ability to self-initiate areas of opportunity, make recommendations for improvement, and follow up as necessary to achieve desired results.
• Ability to respond to common compliance inquiries.
• Ability to write business correspondence and reports that conform to prescribed style and format.
• Ability to effectively present information and respond to questions from staff, managers and top management.
• Ability to use Microsoft office products.
• Ability to prioritize work; handle multiple tasks and select appropriate courses of action.
• Ability to carry out instructions provided in written, verbal or scheduled form.
• Ability to make good decisions with a keen sense of judgment.
• Must be able to be bonded.
• Certification or the ability to become certified in Compliance is required.
• Experience using BSA / AML automated software strongly preferred.

Education : Bachelor's degree and experience in Consumer Compliance, Operational Risk and the Bank Secrecy Act / Anti-Money Laundering and OFAC regulations.

Learning and Experience : Minimum 5 years of similar or related experience. Compliance related certification strongly preferred.

Physical Activities and Requirements of this Position

CATEGORY

DESCRIPTION

Finger Dexterity

Using primarily just the fingers to make small movements such as typing, picking up small objects, or filing paper documents.

Grasping

Using fingers and palm on an object.

Talking

Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Repetitive Motions

Movements frequently and regularly required using the wrists, hands, and / or fingers.

Average

Hearing

Able to hear average or normal conversations and receive ordinary information.

Average Visual

Abilities

Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery. Must be able to look at a computer screen for extended periods of time

Sedentary Work

While performing the duties of this job, the employee will frequently talk or hear, sit for extended periods of time, use hands to handle or feel, and reach with hands or arms.

The employee will occasionally, stand and walk, climb or balance, and stoop, bend, kneel, or crouch. The employee will occasionally lift and move up to 10 pounds.

Working Conditions of this Position

Description

Office environment . No hazardous or significantly unpleasant conditions.

Mental Activities and Requirements of this Position

Reasoning Ability : The ability to use common sense and logic.

Detailed

Ability to define problems, conduct research, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of regulatory documents and instructions.

Mathematical Ability : The level of ability required to perform math skills and operations.

Basic

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.

Ability to apply concepts of basic algebra and geometry.

Language Ability : The level of ability required to communicate and understand written and oral language.

Typical

Ability to use passive vocabulary of 7,000-9,000 words; read at a fast-paced rate; and define unfamiliar words in dictionaries for meaning, spelling, and pronunciation.

Ability to write moderate to complex documents. Ability to communicate in complex sentences, using normal word order with present and past tenses and strong vocabulary.

Ability to read, analyze, and interpret legal, regulatory and technical documents and reports. Ability to respond to common inquiries or complaints from office staff, regulatory agencies, or vendors.

Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and / or boards of directors.

COMPLIANCE REQUIREMENT

The responsibilities contained within this job description remains compliant with Bank Secrecy Act / Anti-Money Laundering, Office of Foreign Assets Control and USA PATRIOT Act as they apply to the duties of the position.

DISCLAIMER

The information in this job description has been designed to indicate the general nature and level of work performed by employees within this classification.

It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job, which may vary on the department or the assignment.

The actual essential duties, responsibilities and qualifications may vary by department, reporting structure and other business needs.

No inference should be drawn that a specific job duty, responsibility or qualification is non-essential by its absence from this description.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)