Senior Director of Compliance & Fraud Job at CommonWealth Central Credit Union, San Jose, CA

U01WSGo0M0pzOGpoNGVhVzYwa1pwR2xYZEE9PQ==
  • CommonWealth Central Credit Union
  • San Jose, CA

Job Description

Senior Director of Compliance & Fraud

At CommonWealth, we serve the financial needs of more than 40,000 people who live or work in Santa Clara County. We are seeking candidates who share our value and commitment to building stronger communities through financial health – one member at a time. In addition to a competitive base salary, our compensation package includes:

  • 13 paid holidays
  • 17 days of Paid Time Off (PTO) during first year of employment
  • Up to 2% discounts on loans--including first mortgages*
  • 401(k) Plan with Company Match
  • Medical, dental, vision insurance
  • Long-term disability insurance
  • Life insurance
  • Voluntary insurance
  • Employee assistance program
  • Financial Wellness benefits and resources
  • Tuition reimbursement and more

We are currently accepting applications for a Senior Director of Compliance and Fraud based in our San Jose Corporate Office.

As our Senior Director of Compliance and Fraud, your major responsibilities will include:

  • Safeguard the financial interests of members by identifying, assessing, and mitigating fraud and compliance risks across all Credit Union operations.
  • Align the compliance and fraud functions with the strategic direction of the Credit Union, including but not limited to, consumer/real estate/business/commercial lending, deposits, and membership.
  • Develop and lead a comprehensive compliance review and monitoring program designed to identify, manage, and report company-wide legal and regulatory compliance risk.
  • Conduct internal reviews of the Credit Union’s compliance program. Review, monitor and evaluate the Credit Union’s compliance related policies and procedure to determine the adequacy and effectiveness of the Credit Union’s compliance program.
  • Review and conduct in-depth analysis on regulatory and legal changes affecting financial institutions to determine applicability and impact to the Credit Union.
  • Monitor federal, state, and local legislative and regulatory environment for proposed changes to laws and regulations and their potential impact on the Credit Union.
  • Provide management oversight of the Credit Union’s compliance with the Bank Secrecy Act (BSA); vendor management function; and all fraud-related activities across the organization including risk mitigation tactics, metrics, reporting and trends.
  • Partner with the Chief Lending Officer to provide support and ensure compliance with the following regulations: Fair Lending, Home Mortgage Disclosure Act (HMDA), Equal Credit Opportunity Act (ECOA), Truth in Lending Act (TILA), Fair Debt Collection Practices Act (FDCPA), S.A.F.E Act, Fair Credit Reporting Act (FCRA), Real Estate Settlement Procedures Act (RESPA), Community Reinvestment Act (CRA), Privacy of Consumer Financial Information, and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP).
  • Partner with the Chief Experience Officer to provide support and ensure compliance with the following regulations: Electronic Funds Transfer Act (EFT), Truth in Savings Act (TISA), Availability of Funds and Collection of Checks (Reg. CC), OFAC, and Currency Transaction Reporting (CTR).
  • Prepare analyses and present summaries/findings to Credit Union management to assist in decision-making.
  • Manage projects required to implement regulatory and legal changes, including setting project goals, coordinating efforts between multiple departments, and monitoring for effectiveness. Partner with departments to implement such changes to products, services, and processes to ensure compliance.
  • Review and revise the Credit Union’s policies, forms, disclosures, advertisements, and other forms of member communication for compliance with applicable laws and regulations; consult industry experts and third-party resources (including legal counsel) as needed. Research regulatory/legal questions from departments across the organization.
  • Serve as subject matter expert for employee compliance training program.
  • Maintain current and ongoing extensive knowledge of the laws and regulatory requirements.

Our ideal candidate will have a minimum of ten to 15 years of credit union or banking experience, with a minimum of 10 years in a compliance-related role. Previous supervisory/management experience strongly preferred. Bachelor’s degree required. Advanced degree with area of study in business, finance or risk management a plus. Certifications such as NAFCU Certified Compliance Officer (NCCO), Credit Union Compliance Expert (CUCE), Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), Certified Regulatory and Compliance Professional (CRCP), CU Enterprise Risk Management Expert (CUERME), NAFCU Certified Risk Manager, or Certified Regulatory Vendor Program Manager (CRVPM) strongly preferred. Significant knowledge of laws and regulations pertaining to credit unions, and ability to interpret and understand laws and regulations and determine applicability to the Credit Union. Proficient knowledge of compliance and fraud related software solutions, in addition to MS Outlook, Word, Excel and PowerPoint. Demonstrated ability to communicate effectively (written and verbal). Ability to maintain confidentiality and conduct oneself with a high level of diplomacy and tact.

Pay Range: $115,000 - $153,000; based on skills and experience.

For immediate consideration, apply now!

CommonWealth is an equal opportunity employer

Job Tags

Holiday work, Local area, Immediate start,

Similar Jobs

CAI

SAP Solutions Consultant Job at CAI

 ...management (ALM) strategies to ensure efficient and effective software delivery Configure and optimize pipeline configurations to...  ...forms of compensation and selection for training, including apprenticeship, at all levels of employment. Employees and applicants of CAI... 

Bravo Foods, LLC

Restaurant General Manager Job at Bravo Foods, LLC

 .... The overall success of your restaurant is in your capable hands. You...  ...setting the standard that all other managers strive for. By empowering a...  ...franchise while providing fast, fun and friendly service to our...  ...weekends. ~2+ years of fast food/restaurant management experience... 

Hilton Hotels & Resorts

Guest Service Agent (Part Time) - DoubleTree by Hilton Houston Medical Center Job at Hilton Hotels & Resorts

 ...greeting and registering guests and checking guests out of the hotel in the hotel's continuing effort to deliver outstanding guest service...  ...profitability. Specifically, you would be Guest Service, Agent, Medical, Part Time, Guest, Service, Retail Hilton Hotels & Resorts

The Reynolds and Reynolds Company

Remote - Claims Adjuster - Automotive/RV Job at The Reynolds and Reynolds Company

 ...affiliate of Reynolds and Reynolds, is seeking Claims Adjuster - Automotive/RV for our growing team. In this role you will work remotely and be responsible for investigating,...  ...information into the AGWS' system A home office package will be provided for this position... 

Sanford Health

Patient Transporter Job at Sanford Health

 ...Hours: 20.00 Salary Range: $15.00 - $22.50 Pay Info: Experience credit added to wage Job Summary Safely transport patients/residents to and from their inpatient/resident beds to other areas and ancillary departments, and retrieve medical records,...