Senior Compliance Officer
Navy Federal Credit Union
full-time
Posted on:
Location Type: Hybrid
Location: Vienna • Virginia • United States
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Salary
💰 $111,600 - $163,100 per year
Job Level
About the role
- To monitor, research, analyze, and interpret relevant federal and state laws and regulations relating to compliance with Collections laws and regulations to ensure policies and practices comply with applicable legal and regulatory requirements.
- Compliance experience in Collections (loss mitigation, foreclosure, bankruptcy) and the Fair Debt Collections Practices Act.
- The following laws are used to advise and inform the business units: Unfair, Deceptive, Abusive Acts or Practices (UDAAP); Fair Debt Collections Practices Act; Equal Credit Opportunity Act; Truth in Lending Act; Fair Credit Reporting Act; Real Estate Settlement Procedures Act; Telephone Communications Practices Act; Servicemembers Civil Relief Act and applicable state collection laws.
Requirements
- 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 relating to Collections (loss mitigation, foreclosure and bankruptcy); Real Estate Settlement Procedures Act;Fair Debt Collections Protection Act; unfair, deceptive, abusive acts or practices (UDAAP); Equal Credit Opportunity Act; Servicemembers Civil Relief Act; as well as the Consumer Financial Protection Bureau’s complaint processes.
- Experience with debt collection related to banking/credit union transactions.
- 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.
- Thorough knowledge of project management, operations analysis and legislative staff work procedures.
- 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.
- Graduate or law degree in related area (Desired)
- Working knowledge of Privacy, Fair Credit Reporting Act, Americans With Disabilities Act, Truth in Lending Act, Telephone Communications Practices Act, applicable state collection laws and Vendor Oversight (Desired)
- Experience in conducting, monitoring, and assessing risk associated with regulatory compliance issues (Desired)
- Experience with data collection and management, including Sharepoint, Excel, etc. (Desired)
- Thorough knowledge of the current and future challenges facing the credit union movement (Desired)
- Certification as a credit union compliance professional by a widely recognized certification authority (Desired).
Benefits
- Highly competitive pay
- Generous benefits and perks
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
compliance experienceresearching lawsanalyzing regulationsoperations analysisproject managementrisk assessmentdata collectiondata management
Soft Skills
effective communicationinterpersonal skillsindependent judgmentorganizational skillsdecision making
Certifications
credit union compliance professional certification