Job Description

To monitor, research, analyze, and interpret relevant federal and state laws and regulations relating to compliance with laws and regulations to ensure policies and practices comply with applicable legal and regulatory requirements. 

This role may be specialized in areas such as procurement/vendor management, privacy and data governance and aggregation, information and data security/cybersecurity, third party risk management, cloud-core banking, digital transformation (developing and improving new and existing member experiences using modern technologies (such as artificial intelligence and cryptocurrency), channels, and frameworks), as well as other areas relating to credit union business activities. Working knowledge of or  familiarization with: NCUA and CFPB regulations; Gramm-Leach-Bliley Act and its implementing regulations; Right to Financial Privacy Act; Unfair, Deceptive, Abusive Acts or Practices (UDAAP) standards; Telephone Communications Practices Act (TCPA) and CTIA standards; Regulation E (Electronic Funds Transfer Act) and other payments-related regulations and requirements; deposit account regulations, including Truth in Savings Act; Regulation CC (Funds Availability; finance/accounting regulations; fraud regulations and standards; Bank Secrecy Act and AML/OFAC, applicable state laws; other laws and regulations applicable to financial institutions.

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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• Military Times 2024 Best for Vets Employers
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• RippleMatch Recruiting Choice Award
• Yello and WayUp Top 100 Internship Programs

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

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.

• Bachelor’s degree in related field or the equivalent combination of training, education, and experience
• Experience in researching and analyzing complex laws and regulations, staff commentaries, legal opinions, court decisions and other documentation and the analysis of operations to determine and ensure compliance.
• Ability to support and promote an effective, ongoing credit union regulatory compliance program.
• Thorough knowledge of compliance issues, laws and regulations impacting financial institutions, such as Privacy and Data Protection; Unfair, Deceptive, Abusive Acts or Practices (UDAAP) standards; Equal Credit Opportunity Act, etc.
• Demonstrated ability to effectively communicate complex issues both verbally and in writing.
• Demonstrated highly effective interpersonal skills for working closely with internal organizational units and for effective representation of organizational positions on issues with external parties and groups.
• Ability to lead and manage projects.
• Ability to work independently on multiple issues concurrently and to exercise independent judgment in establishing priorities.
• Ability to organize work, make sound decisions and exercise good judgment.

Desired Qualifications

• Graduate degree, law degree, or practical experience in related area.
• Working knowledge of privacy laws such as the GLBA, and the California Consumer Privacy Act of 2018/California Privacy Rights Act; Fair Credit Reporting Act; UDAAP; TCPA; Payments; and, Third Party Vendor Oversight. 
• Familiarity with contract negotiation.
• Experience in conducting monitoring and assessing risk associated with regulatory compliance issues.
• Experience with data collection and management, including Sharepoint, Excel, etc.
• Thorough knowledge of the current and future challenges facing the credit union movement.
• Certification as a credit union compliance professional by a widely recognized certification authority.

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

Location: 820 Follin Lane Vienna, Virginia 22180

• Ensures products, services, and operations are compliant with all legal and regulatory requirements. 
• Works closely with channels (Digital, Branch and Contact Center), Member Strategy Office, Security, Procurement/Vendor Management, Enterprise Risk, Enterprise Technology, Savings and Membership, Office of General Counsel, and other departments.
• Represents Compliance on cross-functional working groups pertaining to various subject matters, coordinating with other subject matter experts as necessary. 
• Manages issues and employs technical compliance expertise to resolve complex compliance issues.  
• Counsels and advises management and business units on requirements of applicable laws and regulations.  
• Selects, analyzes, and disseminates applicable compliance information to appropriate management and operating units.  
• Prepares written and oral analyses, reports, compliance alerts, presentations, and other communications for management and business units.  
• Leads teams to implement new or changed compliance requirements.  
• Participates on teams to develop compliant products and services.  
• Emphasizes compliance in regular contacts throughout the organization.  
• Monitors, researches, and analyzes federal and state laws and regulations, legislative and regulatory proposals, legislative agendas, legislator activities, trade association efforts, and other third party activities to make recommendations to senior management on complex positions and courses of action consistent with organizational mission, strategic plan, and operations.  
• Assesses internal input and external stances on proposed legislation and regulations.  
• Summarizes the issues, as appropriate, requests input, and distributes copies of proposed legislation and regulations to management.   
• Responds to various compliance inquiries from the organizations’ business units.   
• Conducts internal compliance reviews.  Advises appropriate managers and supervisors of findings.  Recommends corrective actions.
• Maintains liaison with external groups and represents in external meetings as appropriate.
• Performs other duties as required or appropriate.