Company Overview

The Ohio Educational Credit Union has been serving members since 1933. As a full-service financial institution, we are committed to understanding and fulfilling the unique financial needs of our members through diversified products and services. Our mission is to build our members’ financial future by providing superior financial services, education, and exceptional value, all rooted in the Credit Union philosophy of 'People helping People.'

Summary

We are seeking a Risk and Compliance Manager to join The Ohio Educational Credit Union in Columbus. This pivotal role involves overseeing regulatory compliance, internal audits, and risk management initiatives to ensure our continued adherence to industry standards and laws. As a Compliance Manager, you will contribute significantly to our mission of supporting members’ financial well-being.

Primary Purpose of Job: Performs functions essential to ensuring risk and compliance requirements as set forth by the State, NCUA, and other regulatory agencies. Responsible for the development and implementation of credit union policies and procedures to ensure compliance with related laws and regulations. Recommends policy changes that will facilitate the Credit Union’s compliance program, reduce risk, and reflect changes in regulations. Updates and disseminates information regarding laws and regulations to management & staff as appropriate. Provides Board and executive administrative support.

Essential Functions and Responsibilities:

Functions in capacity as Bank Secrecy Act (BSA) officer
Ensures adherence to BSA and Office of Foreign Asset Control (OFAC) requirements and provides staff with additional coaching and training as necessary. Informs appropriate senior management (CEO, CFO, or COO) of BSA and OFAC issues noted while carrying out these duties. Keeps management apprised of new best practices, laws and regulations related to BSA and OFAC.
Responsible for identifying and reporting unusual and suspicious activities under the requirements of the BSA/Anti-Money Laundering Act.
Maintain a high degree of knowledge of appropriate BSA/AML/OFAC and USA PATRIOT Act related laws and regulations.
Ensures regulatory reports are queued, filed and completed in a timely manner.
Ensure Executive Team (CEO, CFO, and COO) are kept fully informed of the conditions and operations of the Credit Union as it relates to compliance matters and important factors influencing those.
Identifies and reviews laws and regulations that impact the credit union’s compliance requirements such as Bank Secrecy Act, Patriot Act, OFAC, and other regulator or legal changes. Disseminates pertinent information to appropriate department heads with areas to consider evaluating.
Assesses risk potential of current procedures and recommends new procedures that will mitigate loss exposure.
Ensures that changes in policy and procedures are clearly communicated to impacted management, departments, or the credit union as a whole. Follows up to ensure new procedures are understood and implemented.
Develops and facilitates implementation of corrective action procedures as necessary to ensure the Credit Union’s policies and procedures are structured to avoid future compliance problems with the assistance of the HR Director and the COO.
Maintains OHecu compliance library as well as compliance and control reference materials that provide necessary resources.
Supports Credit Union departments for compliance, and follow-up on corrective actions to avoid future compliance problems with assistance of the HR Director and the COO.
Assists in the development and implementation of compliance training programs
Review various daily, weekly and monthly data processing prepared reports.
Vendor Management

Monitors Vendor Management System ensuring vendors, risk assessments, and users are updated.
Education and/or Experience

Bachelor's degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience. Previous related experience in a financial services environment is required.