Compliance Officer

Job Description

Job Description

Ready to make a significant impact in compliance and risk management? Join Our Team as a Compliance Officer at IHMVCU! We are member-focused and dedicated to providing exceptional service and fostering financial well-being for our community.

This role is located at our beautiful headquarters on River Drive in Moline, IL. This facility includes a comfortable office environment with an on-site gym facility.

Summary of Position:

We are seeking a highly skilled and experienced Compliance Officer to join our team. You will play a critical role in ensuring our strategic initiatives and departmental processes align with regulatory requirements and internal procedures. You will lead complex risk-based conversations, provide clear explanations of compliance requirements, discuss risks and potential controls, and support the organization in making informed decisions.

Experience Required :

• High school diploma or equivalent.
• Minimum 4 years of experience in a financial institution.
• Minimum 4 years of experience in compliance, risk, or controls audit testing.
• Certified Credit Union Compliance Officer (CUCO) designation obtained within the first year.

Main Responsibilities :

• Represent Risk, Fraud, and Compliance in strategic project meetings, ensuring new initiatives comply with regulations.
• Act as the primary contact for ERM-related questions and facilitate timely responses.
• Answer complex compliance questions and review research conducted by team members.
• Manage and maintain an updated CMS, providing monthly reports on compliance risk.
• Manage and update Compliance Key Performance Indicators (KPI's) monthly.
• Review marketing ads for compliance with state and federal regulations.
• Serve as the credit union's expert in tax reporting for the IRS, handling CP2100 and other correspondence.
• Maintain the record retention schedule, ensuring regulatory compliance while minimizing risk.
• Track and implement finalized regulations affecting the credit union and its members.
• Monitor emerging litigation risk and ensure appropriate controls are in place.
• Build strong relationships with all areas of the credit union.
• Assist CUSO credit unions with compliance questions and provide updates on regulatory topics.
• Stay informed on compliance trends, legal requirements, and industry developments.

Being a team member of IHMVCU is more than just a job, we want to make differences in the communities we live in and serve. Check out our careers page for more information including benefits Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.

Move Up your career at IHMVCU with this great opportunity!

Physical Requirements

• Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
• Visual Demands: Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.
• Lifting Demands: Up to 10 lbs.