Compliance Officer

Ready to make a significant impact in compliance and risk management? Join Our Team as a Compliance Officer at IHMVCU! We are member-focused and dedicated to providing exceptional service and fostering financial well-being for our community.

This role is located at our beautiful headquarters on River Drive in Moline, IL. This facility includes a comfortable office environment with an on-site gym facility.

Summary of Position:

We are seeking a highly skilled and experienced Compliance Officer to join our team. You will play a critical role in ensuring our strategic initiatives and departmental processes align with regulatory requirements and internal procedures. You will lead complex risk-based conversations, provide clear explanations of compliance requirements, discuss risks and potential controls, and support the organization in making informed decisions.

Experience Required:

• High school diploma or equivalent.
• Minimum 4 years of experience in a financial institution.
• Minimum 4 years of experience in compliance, risk, or controls audit testing.
• Certified Credit Union Compliance Officer (CUCO) designation obtained within the first year.

Main Responsibilities:

• Represent Risk, Fraud, and Compliance in strategic project meetings, ensuring new initiatives comply with regulations.
• Act as the primary contact for ERM-related questions and facilitate timely responses.
• Answer complex compliance questions and review research conducted by team members.
• Manage and maintain an updated CMS, providing monthly reports on compliance risk.
• Manage and update Compliance Key Performance Indicators (KPI's) monthly.
• Review marketing ads for compliance with state and federal regulations.
• Serve as the credit union's expert in tax reporting for the IRS, handling CP2100 and other correspondence.
• Maintain the record retention schedule, ensuring regulatory compliance while minimizing risk.
• Track and implement finalized regulations affecting the credit union and its members.
• Monitor emerging litigation risk and ensure appropriate controls are in place.
• Build strong relationships with all areas of the credit union.
• Assist CUSO credit unions with compliance questions and provide updates on regulatory topics.
• Stay informed on compliance trends, legal requirements, and industry developments.

Being a team member of IHMVCU is more than just a job, we want to make differences in the communities we live in and serve. Check out our careers page for more information including benefits www.ihmvcu.org/careers Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.

Move Up your career at IHMVCU with this great opportunity!

Physical Requirements

• Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
• Visual Demands: Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.
• Lifting Demands: Up to 10 lbs.