Federal Regulatory Compliance Counsel
- Washington
- Hybrid
- Yearly salary: $140,000 - $150,000
America’s Credit Unions is a leading company in the Financial Services Trade Association sector, known for our advocacy on behalf of all Credit Unions. We fuel our employee’s professional growth at every level, stand committed to the financial well-being of every member and champion the credit union story at every turn.
We are seeking a highly organized and experienced Federal Regulatory Compliance Counsel to play an instrumental role in achieving important parts of America’s Credit Unions strategic plan to foster service excellence by providing trustworthy timely best-in-class compliance assistance, information, education and training, to remove barriers by persuading federal agencies to address implementation and operational issues with federal regulations, and to create awareness of America’s Credit Unions value proposition by disseminating information written in plain English. This position is a Hybrid role based in Washington, DC.
Responsibilities:
- Serve as the Compliance Expert representative for America’s Credit Unions
- Working cross-functionally across all of America’s Credit Unions departments to represent America’s Credit Unions in the capacity of compliance counsel.
- Partner with other Advocacy teams to identify compliance problems impacting credit union operations and suggest regulatory and legislative solutions.
- Partner with Association Services to support America’s Credit Unions’ compliance learning events, and provide timely recommendations for curriculum changes and regulatory updates for the organization’s various schools, conferences, webinars, and certification programs.
- Partner with Membership and Engagement to develop content and compliance assistance materials on certain topics based on engagement, trends, and questions from members throughout technology, Councils, outreach, and education interactions.
- Speak at credit union organization events and other credit union-organizations’ compliance programs, and further represent America’s Credit Unions at compliance roundtables and similar events.
- Actively engage with credit unions via the compliance in-box. Respond to federal regulatory compliance inquiries from member credit unions and state leagues regarding both new requirements and ongoing compliance issues. Monitor discussion threads in America’s Credit Unions’ Compliance Community and post responses, as necessary.
- In coordination with America’s Credit Unions’ Communications, work with staff to draft articles to highlight regulatory compliance developments and promote America’s Credit Unions’ work.
- May be designated as a deeper subject matter expert on one or more assigned compliance topic areas and will take a lead role in those disciplines, tracking and reporting on all developments and monitoring all legislative and regulatory developments.
- Develop, update, or otherwise procure content involving new compliance developments, updates, applications, or clarifications. Procurement formats to include (though not limited to): questions/FAQ’s, summaries and briefs, compliance alerts, blog posts, compliance review tools within the CU CMS, CPD Online courses, white papers, case studies, presentations, recordings, guides, articles, etc. for use and application across all the compliance delivery platforms from the CU CMS, Compliance Community, to America’s Credit Unions’ Compliance Blog, among other delivery vehicles.
- Write final analyses of all new federal regulations impacting compliance, and update and maintain current compliance artifacts. Proactively engage with the broader compliance team in fulfilling operating procedures and timelines to issue these updates across various channels.
- Collaborate closely with colleagues across the organization to work on a variety of long-term projects to strengthen the content and delivery of compliance education and training from both a regulatory and operational perspective. These products include, but are not limited to incorporating a consultative component into regulatory compliance, addressing how to best establish a total compliance solution to address not only Federal laws and regulations, but also state-specific content, etc.
Skills & Requirements
- Law degree required. Licensed to practice law in at least one U.S. jurisdiction.
- 6 plus years of experience as a compliance attorney/compliance counsel.
- Experience providing legal advice related to financial/financial institution laws and regulations
- Must maintain a comprehensive knowledge of ever-changing federal laws, regulations, guidelines, interpretive rulings and policy statements, federal bylaws, legal opinions, and court rulings impacting credit unions. Must be a continuous learner with a willingness to be called upon to develop general expertise in all compliance topics affecting credit unions.
- Deep understanding of federal examination standards, examiner questionnaires, call report filings, Letters to Credit Unions and other documents of regulatory oversight impacting credit union operations, and the proven capability to differentiate what issues involve state law.
- Ability to effectively translate complex legal information to various audiences. Superior analytical and written skills to translate complex legal information in a way that credit unions can digest it and understand what actions they must take to comply with federal regulations and other federal mandates. Hear, understand, and analyze what is being asked and structure answers with a broad application to credit union operations.
- Existing understanding of – or ability to quickly learn - how credit union compliance officers interact with regulatory/compliance content within the compliance management system.
- Must be an effective, versatile communicator with excellent verbal and written communication skills. Ability to bring clarity to complex topics and can adapt their writing seamlessly for various audiences. Able to write and edit own work. Has strong presentation skills that result in effective, and well understood transfer of knowledge.
- Can work independently with limited continuous instruction. Demonstrates the drive to seek opportunities and projects that advance the mission and efforts of America’s Credit Unions
- Strong professional team player with the ability to work collaboratively.
- Proven ability to think ahead, creatively problem solve, and take initiative. Ability to successfully juggle multiple responsibilities and competing priorities.
- Solid listening skills; Keen investigative skills with a natural curiosity and willingness to dig deeper.
- Ability to organize work and information in an efficient way.
- Proficiency with Microsoft Office Suite.
- Ability to travel up to 15-25 days per year
About the company
America’s Credit Unions is a national trade association that gives a unified voice to credit unions across the country. In partnership with Leagues and system partners, we advocate for policies that help credit unions succeed. Together, we empower credit unions to better serve their members, helping people reach their financial goals and strengthening the communities they call home.
Together we will move with purpose, passion, and strength.
We take our responsibility to shape the financial fabric of our country seriously because the impact of credit unions can be felt at every kitchen table across America.
America’s Credit Unions will be relentless in our mission to advocate for and advance an environment where credit unions thrive. We will ensure that people everywhere have an opportunity to trust and partner with credit unions so they can afford and achieve their best financial lives.
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