Job Information
Navy Federal Credit Union Compliance Analyst II (Fair Lending Monitoring and Testing) in Vienna, Virginia
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.
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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