Compliance Manager

BMI Federal Credit Union    Dublin, OH
Job Description

POSITION TITLE: Compliance Manager

REPORTS TO: Vice President (VP), Finance

Pay Range: $63,000 - $78,000

POSITION SUMMARY: Responsible for compliance of Credit Union policies and procedures with all related laws and regulations applicable to the Credit Union. Establish and cultivate a strong working relationship with all Credit Union departments to advance the culture and effectiveness of a synchronized approach to compliance management in respect to current, new or emerging applicable laws and regulations as well as internal compliance policies and procedures. In addition, this position requires a unique combination of implementing, administering, and maintaining all aspects of the Bank Secrecy Act (BSA)/Anti- Money Laundering (AML) Compliance Program.


  • Oversight of the Compliance Management System of the Credit Union
  • Review laws and regulations that impact the Credit Union’s compliance requirements; evaluate policies, procedures, products, and programs; make recommendations to Credit Union leaders for changes where appropriate
  • Review, develop, and update compliance related materials in policies, procedures, manuals, products, services, programs, forms, collateral, and disclosures
  • Provide support, input, feedback, and guidance to staff and management concerning compliance and regulatory factors; communicate current state of legislative issues to Credit Union leaders
  • Review marketing materials and disclaimers for compliance with applicable advertising rules and regulations
  • Distribute compliance information and updates to staff; compile compliance reference resources for daily use
  • Develop the Credit Union compliance plan and budget, which aligns with the overall strategic business plan
  • Manage compliance related projects with vendors; select and regularly evaluate vendors for service and financial impact
  • Complete and periodically update compliance-related risk assessments
  • Compile and analyze compliance reports; perform periodic review of operational practices compared to policies and procedures to identify areas for improvement, to recommend changes and training
  • Maintain the Registered Mortgage Loan Originator program through the Nationwide Mortgage Licensing System as required by the Secure and Fair Enforcement (S.A.F.E) Act; update policies, procedures, work with Lending Director and Training Specialist for training requirements, and prepare for independent audits
  • Oversee vendor management program; communicate with Credit Union leaders to ensure vendor management documentation is regularly updated
  • Participate in/advise on special projects as needed
  • Provide guidance, coaching, and development for direct reports; perform all necessary management functions including hiring, performance evaluations, goal setting/review, and disciplinary action as required
  • Maintain and update the Credit Union’s BSA/AML/Office of Foreign Asset Control (OFAC) policy, procedures, and related forms and disclosures
  • Oversee the Credit Union’s customer identification program (CIP), customer due diligence (CDD), and enhanced due diligence (EDD) requirements for members
  • Ensure the Credit Union identifies higher risk members and conducts the necessary enhanced due diligence
  • Review cases for suspicious activity and file Suspicious Activity Reports (SARs) when appropriate
  • Prepare for regulatory BSA examinations and internal audits
  • Brief and update board of directors, management, and staff on BSA/AML/OFAC compliance issues
  • Maintain records, reports, and supporting documentation for BSA compliance
  • Block/Freeze accounts as directed by the various sanctions imposed on a member
  • Conduct searches in compliance with the Information Sharing requirements of the USA PATRIOT Act
  • Provide guidance within the Credit Union in relation to Credit Union-related regulatory and compliance topics
  • Assist in the review of criminal subpoenas, partner with state and/or federal law enforcement, as needed
  • Work closely with the Training Specialist to conduct BSA and Compliance training
  • Seek opportunities for professional development
  • Ensure that management is kept fully informed on the conditions and operations of the Credit Union compliance and BSA functions
  • WORK ENVIRONMENT: Office environment


  • Bachelor’s degree required in Finance, Business, or related field
  • A minimum of five (5) or more years of related experience- compliance, regulatory, BSA/AML, and supervisory; a viable combination of experience and education will be considered
  • Strong working knowledge of the compliance risks associated with a financial institution as well as experience working in and/or building effective compliance programs
  • Awareness of or ability to learn Credit Union policies and procedures, products and services
  • Knowledge of Federal and State laws and regulations related to consumer banking
  • Ability to supervise, manage, and properly guide a department with the current knowledge or laws and regulatory material
  • Proven experience in Project Management
  • Ability to work effectively with others at all levels across the organization and provide authoritative guidance to management and staff
  • Strong leadership and influencing capabilities
  • Ability to perform mathematical functions and computations; analyze, interpret and prepare statistical data
  • Proficient in Microsoft Office, general computer programs, and general office equipment
  • Advanced research and problem solving skills
  • Excellent analytical, communication, presentation, and interpersonal skills
  • Ability to work under minimal supervision
  • Skills in organization and planning
  • Ability to receive and maintain confidential information
  • Skill in effective professional oral and written communication

    Must be able to meet the following physical requirements, with or without reasonable accommodation: 1) Sit, walk, stand, use hands to manipulate, handle, feel, and control items or equipment; 2) Reach with hands and arms; 3) Talk and hear; 4) See and be able to read, write, and interpret text, and spreadsheets.

    The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of staff member so classified.

    Fri, 15 Mar 2019 09:29:56 GMT

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