OverviewInterested in this role You can find all the relevant information in the description below.Direct day-to-day Risk program to ensure ongoing compliance with all applicable Federal and State regulations and Navy Federal and NFFG policies and procedures to include ensuring risk management practices and standards are embedded across NFFG, responding to external regulatory inquiries, and interpretation and/or application of rules and legislation.ResponsibilitiesAct as liaison with NFFG’s business units to facilitate, improve, and strengthen operations decisions-making through integration of legal analysis as part of the business development processAt the direction of the VP Legal Compliance & Risk, (i.e.: NFFG Chief Compliance Officer), work with federal and state regulators on exams, audits, and regulatory implementationsAct as liaison for NFFG legal inquiries from both outside parties and internal staff, responding to all member complaints, proposed legal actions, and regulatory requestsServe as backup point of contact to VP Compliance, Legal & Risk for NFFG NFCU’s Office of General Counsel and Enterprise Risk team, partnering, collaborating, and escalating issues to them as neededPrepare regulatory comments, letters and correspondence to government agencies, members of Congress, and other trade associations to support Navy Federal Financial Group’s positions and proposals and maintains policies and proceduresRespond to requests form the NFFG Chief Compliance Officer and senior management for legal interpretation and/or the application of laws and regulations.Analyze the external (e.g., legislative and regulatory changes, competitors and economic trends) and the internal (e.g., existing Navy Federal policies and procedures, available resources and future direction/plans) environments to assist with establishing relevant objectives for NFFG, in association with the Chief Compliance Officer and Senior ManagementResearch, evaluate, and guide efforts to develop a comprehensive enterprise-wide system of reviews and tests to assure compliance with all applicable legislative and regulatory changesDirect the day-to-day risk program to align with NFFG’s strategic objectives, risk management best practices, and regulatory expectationsEnsure risk management practices and standards are embedded across the operational, financial, credit, compliance, and strategic risk domains for NFFGPartner with business units and senior management to assess, support, and develop risk mitigation strategies across the organizationCounsel and advise key stakeholders on complex risk issues; provide guidance and feedback to business units throughout their risk management lifecycleProvide special project support requiring legal or risk assessments, partners with other business units, NFCU departments, and committees as needed and directed by the NFFG Chief Compliance OfficerPerform other duties as assignedQualificationsSignificant experience in evaluating a broker/dealer operation for associated risks in a financial organizationExpert knowledge of federal, state, local and industry regulation affecting financial institutions to include broker/dealer and advisory firmsSignificant experience in managing and maintaining an effective, ongoing compliance programExperience in risk analysisSignificant experience in supervising and leading employeesExpert knowledge of banking/financial industry standards and practicesAdvanced skill making sound organizational and operational decisionsAdvanced research, analytical, and problem solving skillsAdvanced skill analyzing facts/identifying controls/developing procedures/recommending solutionsAdvanced skill presenting findings, conclusions, alternatives, and information clearly and conciselyAdvanced relationship building, negotiation and facilitation skillsAdvanced verbal and written communication skillsJuris Doctor from an accredited law school or the equivalent combinations of educations, training or experienceAbout UsNavy 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.• Best Companies for Latinos to Work for 2024• Computerworld Best Places to Work in IT• Forbes 2024 America’s Best Large Employers• Forbes 2023 The Best Employers for New Grads• Fortune Best Workplaces for MillennialsTM 2023• Fortune Best Workplaces for Women TM 2023• Fortune 100 Best Companies to Work For 2024• Military Times 2023 Best for Vets Employers• Newsweek Most Loved Workplaces• Ripplematch Campus Forward Award – Excellence in Early Career Hiring• Yello and WayUp Top 100 Internship ProgramsFrom Fortune. 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.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/DisabilityHybrid 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 positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
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