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:
Compliance Expert Representative for America’s Credit Unions
·Work cross-functionally across all of America’s Credit Unions departments to represent the association in the capacity of compliance counsel, including:
oPartnering with other Advocacy teams to identify compliance problems impacting credit union operations and suggesting regulatory and legislative solutions.
- Partnering with Association Services to support America’s Credit Unions’ compliance learning events, and providing timely recommendations for curriculum changes and regulatory updates for the organization’s various schools, conferences, webinars, and certification programs.
- Partnering with Membership and Engagement to develop content and compliance assistance materials on certain topics based on engagement, trends, and questions from members through various interactions, including through Councils, targeted outreach, and educational channels.
- Displaying compliance expertise by regularly speaking at association conferences, league-sponsored and other credit union-organization compliance events, compliance roundtables, member credit union committee meetings, and other events as assigned.
- Actively engaging with credit unions via the compliance inbox. 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 team, working to draft and review articles highlighting regulatory compliance developments and promoting the Compliance team’s work.
·This role 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.
Compliance Content Curation
·Develop, update, or otherwise procure content involving new compliance developments, updates, applications, or clarifications. This may take the form of, but is not limited to: questions/FAQ’s, summaries and briefs, compliance alerts, blog posts, compliance review tools, CPD Online courses, white papers, case studies, presentations, recordings, guides, articles, etc. for use and application across all the compliance delivery platforms from and the Compliance Community to America’s Credit Unions’ Compliance Blog.
·Write final analyses of all new federal regulations impacting compliance, and update and maintain current compliance resources. Proactively engage with the broader Compliance team in fulfilling operating procedures and timelines to issue these updates across various channels.
Compliance Special Projects and Ad Hoc Assignments
·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.
Skills & Requirements
Requirements:
·Law degree required. Licensed to practice law in at least one U.S. jurisdiction.
·2+ years of experience as a compliance attorney/compliance counsel.
·Experience analyzing and advising on 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 supervisory documents 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 with a focus on the impact on credit union operations and compliance management. Superior analytical and written skills to translate complex legal information in a way that credit unions can digest and understand actionable steps to comply with federal regulations and other federal mandates.
·Must be an effective, versatile communicator with excellent verbal and written communication skills. Has strong presentation skills that result in effective and well understood transfer of knowledge. Ability to bring clarity to complex topics and can adapt written work product seamlessly for various audiences.
·Must be a self-starter who can work independently with limited continuous instruction. Demonstrates the drive to seek opportunities and projects that advance the goals of America’s Credit Unions.
·Proven ability to think ahead, creatively problem-solve, and take initiative by demonstrating a natural curiosity and digging deeper. Ability to successfully juggle multiple responsibilities and competing priorities and organize work and information in an efficient way.
·Strong professional team player with the ability to work collaboratively.
·Proficiency with Microsoft Office Suite.
·Ability to travel up to 15-25 days per year
If you are highly motivated and are interested in this opportunity, we encourage you to apply today!
America’s Credit Unions is committed to fostering an inclusive work environment that celebrates the unique perspectives of its employees, while cultivating a culture that generates curiosity and understanding of each other and promotes an equitable outcome for everyone. We strive to create an environment where we celebrate our differences by treating each other with respect, listening to different perspectives and creating a workplace where your authentic self belongs and thrives while supporting our communities.
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.
Melissa Padgett | Contact Person
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