Job Description

To ensure org-wide compliance with federal regulations. To assist the Assistant Vice President in leading ongoing operational strategy, and alignment with corporate and departmental strategic goals. To ensure the credit union is in compliance with applicable regulations and established policies and procedures. Experience in managing and leading compliance monitoring and testing activities to perform risk-based compliance testing for the purpose of independently validating business unit’s adherence to applicable laws, regulations, policies and procedures, and identifying control deficiencies and risk implications related to applicable laws and regulations. Assist business units in designing, conducting, and enhancing compliance testing programs. Perform quality control reviews to ensure the accuracy, completeness, and consistency of compliance monitoring and testing activities. Identify gaps, trends, and potential risks through testing activities and recommend remediation actions. Collaborate with stakeholders to enhance compliance processes and drive strong culture of compliance. Assist in regulatory and internal audits by providing documentation and insights from testing activities. Support continued enhancements to testing methodologies, development of compliance monitoring and testing procedures, and development of the annual testing plan. Responsible for both strategic and tactical issues. Responsible for contributing to special projects which may entail designing and executing unique approaches to testing and risk management. Provide leadership to professional employees and/or supervisors, responsible for both strategic and tactical issues.

The position requires both subject matter expertise and working knowledge of applicable federal and state laws, regulations, rules, and guidance related to Regulation E, UDAAP, Truth in Savings, Vendor Management / Third Party Risk Management, Human Resources, ADA, ESIGN, Regulation CC, among others, as well as working knowledge of checking and savings products, services, and business operations.

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

• Extensive experience that demonstrates an excellent understanding/ability to interpret and apply legislative and regulatory compliance guidelines, preferably in a financial institution
• Ability to analyze highly complex concepts and articulate logical, coherent, workable solutions and procedures
• Extensive project management and supervisory experience directing/facilitating the work of others
• Expert planning, organizational and problem solving skills
• Expert analytical, reconciliation and deductive reasoning skills
• Advanced interpersonal, verbal and written communication skills
• Advanced skill in dealing tactfully and diplomatically with all levels of workforce and management
• Expert skill to exercise initiative, good judgment and make sound decisions
• Expert skill to anticipate needs, to execute appropriate project management functions and to document, track and report project status for the management team
• Expert skill in the use of PC's, spreadsheet, word processing and database software
• Bachelor's Degree, or the equivalent combination of training, education and experience

Desired Qualifications

• Familiarity with Navy Federal's objectives, functions, and policies
• Expertise in group leadership
• Familiarity with lending (consumer and mortgage) laws and regulations, and other consumer-related compliance laws and regulations
• Master's Degree in a related field of study

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane Vienna, Virginia 22180

• Oversees the analysis of new and existing federal regulations to ensure that Navy Federal is in compliance with established standards
• Develops operational strategic plan; identifies and addresses areas of significant risk and evaluates overall effectiveness of operations
• Coordinates and supervises the review and analysis of federal regulatory compliance efforts
• Prepares responses to regulatory requests for comments, as well as letters and correspondence to support Navy Federal's positions and proposals and maintains existing policies and procedures
• Develops strategic implementation plans to ensure cohesive efforts across business units for new and ongoing enterprise-wide initiatives
• Identifies existing and new issues pertaining to corporate compliance with state and federal regulations to ensure necessary policies, strategies and procedures are implemented
• Resolve problems that arise in the normal course of monitoring and testing and maintaining regulatory and legislative compliance
• Keeps the AVP, Regulatory Compliance and business units apprised of compliance status, including efforts related to compliance monitoring and testing activities, as needed or required
• Oversees the Compliance Analysts charged with reviewing proposed and final federal regulations and regulatory guidance
• Provides guidance on issues having department and/or organization-wide impact
• Monitors and reviews new and existing regulations and legislation to ensure Navy Federal compliance
• Works on complex issues requiring in-depth knowledge of organizational objectives
• Oversees and prepares correspondence to Congress and federal regulators, for the President's signature, to express Navy Federal's position on proposed legislation and regulations
• Responds to General Counsel and senior management requests for specific legal interpretation and/or application of laws and regulations
• Leads operational/business analysis and action plans for operational improvement
• Performs managerial duties.
• Leads branch and sets performance standards, expectations, direction, goals, assignments, and schedules to ensure objectives and achievements align with department and company strategies
• Oversees the work of Compliance Analysts and Senior Policy and Compliance Officers to ensure timely delivery of quality services
• Selects, assesses, rewards, counsels and develops team members
• Collects, compiles and prepares reports and data for management decision making
• Ensures compliance with all applicable statutory requirements and Navy Federal policies, procedures, rules, regulations and values
• Sets direction for, and enforces consistent execution of corporate and division strategy through adherence to set objectives, goals, policies and procedures
• Provides insight and individual business unit perspectives to help facilitate and strengthen operations' compliance-related decision-making
• Serves as subject matter expert for technical advice and guidance related to compliance issues for the organization
• Ensures effective management of projects from inception through implementation