Deposit Compliance Advisor

• Cincinnati, Ohio
• Columbus, Ohio

The Deposit Compliance Advisor is responsible for supporting WPCU’s Compliance program’s daily activities to promote compliance with appropriate laws and regulations, including but not limited to TISA (NCUA Part 707), EFTA (Reg E), EFAA (Reg CC), UDAAP. Provides periodic review and updates to all required deposit-related compliance policies and procedures. Evaluates the effectiveness of credit union controls intended to mitigate deposit compliance risk for assigned business units. Participates in business line projects and meetings to provide compliance support, manages deposit-related compliance issues for assigned business units, and responds to compliance questions. Collaborates with Lending Compliance Advisors to effectively provide compliance support for cross-functional business line functions. Collaborates with Director, Governance and Deposit Compliance to address compliance testing findings for assigned business units and to assist with regulatory change impacts, enterprise compliance projects, business unit process risk assessments, and other initiatives.

1. Manages relationships with assigned business units. Provides ongoing support and education to assigned business units regarding proactive self-identification of compliance risks and ongoing self-identification of compliance gaps or weaknesses in business unit processes. Provide support to the Director, Governance & Deposit Compliance in scheduling and conducting meetings with business partners to address complex issues. (30%)
2. Assists with tracking statuses and providing ongoing updates to compliance projects and issues lists for the Compliance Team. Assists with outstanding tasks, including but not limited to, enhancing WPCU’s policies and procedures, Compliance-related training, root cause analysis and correction, deposit compliance risk assessments, and the upkeep and updates to the overall Compliance Management System. (30%)
3. Serves as subject matter expert for deposit-related regulatory compliance laws, regulations, regulatory guidance, and industry best practices. Stays informed of general regulatory compliance and consumer protection requirements by reviewing industry publications, receiving compliance training, and networking with professional advisors, experts, and peers. Partner with Director, Governance & Deposit Compliance and the Regulatory Compliance Manager to assist with analyzing new laws and regulations, developing industry and compliance trends, and emerging compliance risks, and provide recommended changes to policies, procedures, or business line controls. (15%)
4. Maintains periodic communication with Director, Governance & Deposit Compliance for status updates of projects or compliance challenges with assigned business units. Submits periodic compliance reports to management, as needed. (10%)
5. Reviews assigned product and service disclosures and advertising materials for compliance with applicable rules. Ensures proper policies, procedures, risk mitigation activities, and operating controls are followed. Reports gaps in policies, procedures, and operating controls to leadership to ensure member impact and risk is mitigated. (5%)
6. Review member complaints to monitor for deposit compliance-related issues, as needed. Participates in the oversight of regulatory compliance audits and/or examinations. (5%)
7. Helps to develop, coordinate, and facilitate training programs, sessions, and seminars to educate business line partners about compliance requirements and procedures. Provides and/or assists with assigning Compliance training to managers and employees as needed. (5%)

The Deposit Compliance Advisor has comprehensive knowledge of compliance laws and regulations, federal and state credit union regulations, as well as operating areas, functions, and products of WPCU. The following are also preferred:

1. A Bachelor’s Degree in a business or legal discipline, or equivalent experience.
2. At least 8+ years’ experience in a depository financial institution with at least 6+ years’ experience in a compliance or retail operations management role.
3. Ability to present complex information clearly and concisely to both large and small groups.
4. Ability to think ahead to provide ideas for continuous improvement opportunities.
5. Ability to work independently, with or without direct instruction.
6. Highly developed communications, analytical, and organizational skills. Ability to take decisive action.
7. Must be able to evaluate and solve problems from multiple perspectives.
8. Excellent written and verbal communication skills.
9. CRCM, CUCE, or NCCCO certification or equivalent is strongly preferred.