Summary

Join Our Team at Prospera Credit Union! At Prospera Credit Union, we believe in more than just numbers-we believe in people. We're passionately committed to providing personalized financial guidance that helps our members achieve their unique version of prosperity. If you're looking for a meaningful career where you can make a real impact, we'd love to meet you. What sets us apart: Great Paid Time Off Benefits! Prospera Pays 91% of Medical Monthly Premium Costs! Prospera Matches Up to 5% of 401K Contributions! Prospera Provides Short-Term disability and Long-Term Disability at No Cost to You!

About the Role: Oversees compliance with laws and regulations by developing and updating policies and procedures. Reviews audits to ensure effective controls, accurate records, and operational efficiency, while facilitating resolutions and maintaining internal control documentation. Manages the Credit Union's Business Continuity and Disaster Recovery programs, as well as vendor management records. This position serves as the BSA/OFAC Officer for the credit union and is a member of the Risk Committee of the Board of Directors (along with the CFO and CEO).

Responsibilities

• Regulatory Compliance (BSA, OFAC, CTR, etc.) (30%)
• Serve as the primary lead for ensuring the credit union's compliance with federal and state laws, regulations, and industry guidelines, with a strong emphasis on the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), and Currency Transaction Reporting (CTR) requirements.
• Develop, maintain, and implement compliance policies and procedures, keeping them current with evolving regulations.
• Coordinate and deliver compliance training programs for all employees to promote a culture of awareness.
• Monitor the regulatory landscape for new and changing requirements and assess their potential impact on credit union operations.
• Assist in preparing for and responding to regulatory examinations and audits related to compliance.
• Oversee the accurate and timely filing of all required regulatory reports, including Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and OFAC blocking/reject reports.
• Fraud Prevention and Investigation (20%)
• Lead the development and execution of fraud prevention strategies, policies, and procedures. Monitor suspicious activity and transactions, conducting initial investigations into potential fraud.
• Work with relevant departments to implement controls to minimize fraud risk. Assist in the recovery of funds and coordinate with law enforcement as needed in fraud cases.
• Provide guidance and training to staff on identifying and reporting suspicious activities.
• Audit and Internal Controls - 15%
• Responsible for the developing the annual audit plan; performs audit procedures and recommends enhancements to the Credit Union's operating systems; reports findings and recommendations; coordinates external audits and is the lead for BSA/OFAC reporting, auditing, and compliance Business Continuity Plan and Disaster Recovery.
• Periodically reviews and updates the BCP/DR plan and coordinates testing of the plan as the chair of the Emergency Response Team Vendor Management - 10%
• Oversight of all the third-party vendor (TPV) relationships with rating of all vendors and collection, review, and management of all appropriate records for the TPV relationships.
• Heading up the vendor oversight committee.
• Management Responsibilities - 10%
• Oversee and serve as backup to the Fraud Compliance Specialist; development and annual reviews

Qualifications

• Three to five years of similar or related Risk & Compliance experience, including people leadership (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree
• Strong ability to resolve conflicts, resolution, build relationships, and solicit cooperation.
• Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

About the Organization

Prospera Credit Union is a local, member-owned financial institution in the Fox Valley area. We offer competitive compensation, an excellent benefits package and the opportunity to work in a fun, friendly, team-oriented atmosphere. Life is short. Work somewhere awesome! Prospera Credit Union is an Equal Opportunity and Affirmative Action Employer. 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 status. Information collected regarding categories as provided by law will in no way affect the decision regarding an employment application.

How to Apply

For more information, or to apply now, you must go to the website below. Please DO NOT email your resume to us as we only accept applications through our website. Click Here to apply!