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Overview

To research, analyze, interpret, recommend, and enforce Navy Federal policies and practices that ensure compliance with relevant local, state, federal and other regulatory requirements and case law related to Fair Lending, Equal Credit Opportunity Act/Regulation B; Fair Housing Act, and Home Mortgage Disclosure Act (HMDA). Experience in compliance monitoring and testing activities. 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 Fair Lending and applicable laws and regulations.

Responsibilities

• Formulates policies, procedures and instructions that ensure compliance with local, state, federal another regulatory requirements

• Researches, analyzes and interprets regulatory compliance laws, opinions and court decisions and provides findings to management

• Conducts risk assessment, draws conclusions, develops solutions and alternatives, and makes recommendations to management

• Advises management on the interpretation of new and pending laws and regulations

• Monitors changes in local, state, federal, and other regulatory requirements

• Prepares and/or revises compliance policies, procedures and documentation

• Creates, reviews and analyzes new and existing policies, procedures or other operational materials

• Maintains compliance documents and regulatory rationale for changes

• Ensures communication and implementation of company compliance policies, procedures and instructions

• Directs implementation of compliance programs across the organization, functional area and/or geographic region

• Creates and/or participates in the development of compliance education and training

• Participates/conducts compliance training sessions

• Consults with business units in the review and interpretation of new and pending laws and regulations

• Functions as a liaison between departments in compliance matters

• Monitors, measures and analyzes effectiveness of compliance programs and education

• Develops, monitors and administers compliance activities including systems and/or processes for addressing alleged violations of the compliance program

• Participates in internal and external compliance testing and audits

• Prepares responses to regulators, internal and external audits as well as management inquiries.

• Consults with management on the enforcement of the compliance program.

• Ensures that compliance training is conducted and attendance tracked

• Manages projects for a department and/or business unit(s)

• Establishes effective and collaborative project teams, facilitates/coordinates project work within and across business units, partners with technical project lead as appropriate, ensures project deadlines are met and implementation and results are achieved as designed

• Defines, develops and manages/oversees project related plans, business requirements, scope, resources, costs, issues, prioritization, decisions, risks, external contracts, and internal service agreements

• Keeps the project team and its stakeholders informed and manages expectations (includes e-grams, letters, notices, etc.)

• Formulates, prepares and/or revise policies and procedures

• Research most complex, unique or unusual regulations, case law, etc. & makes compliance recommendations

• Review research of new, amended &/or pending regulations

• Oversee the development of research, compliance recommendations and documentation

• Advise management of potential risk to the enterprise & potential solutions

• Ensure communication and implementation

• Finalize compliance training and communications

• Develop & recommend tactics for program implementation & communications

• Lead implementation & communications processes

• Assess training & communication needs

• Monitor, measure and analyze effectiveness

• Lead interactions with internal and external auditors, regulators, etc.

• Determine data and information needed

• Finalizes draft audit documentation & responses

• Lead functional teams, projects or portions of projects to solve unique & complex business problems in accordance with Navy Federal's PPM standards

• Manages project resources

• Handles more complex enforcement actions as directed by management

• Respond to audit findings for management approval

• Performs other related duties as assigned

Qualifications

• Compliance analysis experience.

• Demonstrated ability to analyze and interpret regulatory requirements and case law.

• Knowledge of relevant local, state, federal and other regulatory requirements.

• Knowledge of research methods theories, practices and procedures as demonstrated by successful research and/or education

• Demonstrated ability to influence, negotiate and persuade.

• Ability to translate, interpret and effectively present findings and conclusions clearly and concisely, both oral and written.

• Proficiency in using PC applications and internet based technology to conduct research.

• Prior project management experience.

• Experience with leading collaborative work teams

• Effective oral, written and interpersonal communication and presentation skills.

• Bachelor's Degree in a related field, or the equivalent combination of education, training, and experience.

  Desired Qualifications

• Specialized knowledge of relevant local, state, federal and other regulatory requirements.

• Experience in legislative staff work

• Extensive compliance analysis experience

• Advanced/thorough knowledge of compliance issues in the financial services industry

• Internal Navy Federal project portfolio management "PPM" knowledge

• Internal credit union knowledge operation/processes and procedures

• Desired - Certification in related area of compliance certification

• Bachelor's degree in business or public administration, management, operations analysis, legal studies, or related field or equivalent work experience

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

  Location: 820 Follin Lane Vienna, Virginia 22180

About Us

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.

• Best Companies for Latinos to Work for 2024

• Computerworld® Best Places to Work in IT

• Forbes® 2024 America's Best Large Employers

• Forbes® 2023 The Best Employers for New Grads

• Fortune Best Workplaces for Millennials™ 2023

• Fortune Best Workplaces for Women ™ 2023

• Fortune 100 Best Companies to Work For® 2024

• Military Times 2023 Best for Vets Employers

• Newsweek Most Loved Workplaces

• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

• 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: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

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.

REQNUMBER: 20344