Director of Risk Management & Compliance (Hybrid)

Posted 4 Days Ago
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Oswego, IL, USA
Hybrid
75K-100K Annually
Expert/Leader
Financial Services
The Role
Lead the credit union’s Compliance Management System and Enterprise Risk Management framework. Oversee regulatory monitoring, compliance testing, corrective actions, policy reviews, audits, examinations, and enterprise risk reporting. Advise leadership and the Board on regulatory and operational risks, guide compliance for products and initiatives, and build a high-performing compliance team. Ensure adherence to financial institution regulations, including BSA/AML, OFAC, fair lending, identity theft prevention, and fraud mitigation requirements.
Summary Generated by Built In

Description

  

Lead Risk. Champion Compliance. Make a Difference at Earthmover Credit Union!

As the Director of Risk Management & Compliance at Earthmover Credit Union, you'll play a critical role in protecting our members, supporting our employees, and ensuring ECU operates with strong compliance, sound governance, and effective risk management.

You'll lead ECU's Compliance Management System (CMS) and develop and implement a formal Enterprise Risk Management (ERM) framework aligned with our strategic goals. You'll work closely with senior leadership, the Board of Directors, and departments across the credit union to identify, assess, and mitigate risk while ensuring compliance with applicable laws and regulations.

If you're an experienced compliance professional and strategic leader who enjoys solving problems, collaborating with others, and making a meaningful impact, we'd love to hear from you!

What We Offer

  • A welcoming, team-oriented work environment
  • Competitive salary 75K – 100k based on Credit Union and/or banking experience
  • Hybrid work opportunity after successful completion of training (approximately 120 days)
  • Comprehensive medical, dental, and vision insurance
  • Company-paid Short-Term Disability, Long-Term Disability, and Life Insurance
  • Pet Discount Program and a variety of other voluntary benefits
  • 10% employer contribution to your 401(k)
  • Generous paid time off and paid holidays
  • Annual discretionary bonus
  • Career growth and professional development opportunities

Responsibilities

  • Lead and oversee ECU's Compliance Management System (CMS), including monitoring, testing, reporting, and corrective action.
  • Develop and implement a formal Enterprise Risk Management (ERM) framework aligned with ECU's strategic goals.
  • Identify, assess, monitor, and report on enterprise-wide risks, including operational, strategic, compliance, and reputational risks.
  • Monitor regulatory changes and communicate impacts and required actions to leadership and departments.
  • Review and oversee compliance policies, procedures, disclosures, and the annual policy review process.
  • Prepare and present compliance and risk reports to senior leadership and the Board of Directors.
  • Coordinate compliance-related regulatory examinations and audits.
  • Provide compliance and risk guidance for products, services, processes, and strategic initiatives.
  • Build and lead a high-performing compliance team through coaching, development, and accountability.
  • Partner with departments across ECU to strengthen our culture of compliance and risk awareness.
  • Stay current on regulatory requirements, industry trends, and emerging risks.

Requirements

  

  • Bachelor's degree in business, accounting, economics, law, or related field preferred, or equivalent experience.
  • 10+ years of compliance and/or risk management experience, including at least 5 years in a leadership role.
  • BSACS or CUCE certification preferred, or willingness to obtain. 
  • Strong knowledge of financial institution laws, regulations, and compliance requirements, including BSA/AML, USA PATRIOT Act, OFAC, FACTA/Identity Theft Prevention, Fair Credit laws, fraud prevention and mitigation, and other applicable credit union regulations.
  • Experience with a Compliance Management System (CMS) and/or Enterprise Risk Management.
  • Experience working with examiners and auditors.
  • Strong analytical, investigative, decision-making, and problem-solving skills.
  • Excellent communication, leadership, and interpersonal skills.
  • Strong organizational skills and attention to detail.
  • Ability to work independently and collaborate effectively across all levels of the organization.
  • Proficiency with Microsoft Office and other technology platforms.

Why Earthmover Credit Union?

At Earthmover Credit Union, our mission is People Helping People. We believe our employees are the key to delivering exceptional service to our members and making a positive difference in the communities we serve.

In this role, you'll have the opportunity to help shape ECU's approach to compliance and risk management while working alongside a team committed to doing what's right for our members and our organization.

Earthmover Credit Union is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive workplace where all employees are respected and valued.

Ready to make an impact? Apply today and start your career with Earthmover Credit Union!

Skills Required

  • Bachelor's degree in business, accounting, economics, law, or a related field, or equivalent experience
  • 10+ years of compliance and/or risk management experience, including at least 5 years in a leadership role
  • BSACS or CUCE certification, or willingness to obtain
  • Knowledge of financial institution laws and regulations, including BSA/AML, USA PATRIOT Act, OFAC, FACTA/Identity Theft Prevention, fair credit laws, fraud prevention, and credit union regulations
  • Experience with a Compliance Management System and/or Enterprise Risk Management
  • Experience working with examiners and auditors
  • Strong analytical, investigative, decision-making, and problem-solving skills
  • Excellent communication, leadership, and interpersonal skills
  • Strong organizational skills and attention to detail
  • Ability to work independently and collaborate across all levels of the organization
  • Proficiency with Microsoft Office and other technology platforms
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The Company
71 Employees
Year Founded: 1958

What We Do

Earthmover Credit Union is a member-owned, not-for-profit financial cooperative serving individuals and communities in northeast Illinois. Established to meet Aurora Caterpillar employees’ financial needs, it now offers checking and savings accounts, loans, personalized financial solutions, digital banking, and related services to more than 31,000 members through five branches, a student-run branch, and an administrative office, while emphasizing community support and member value.

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