VP - Policy and Compliance
Edmond, OK
Full Time
Operations Department
Mid Level
Summary: The VP – Policy and Compliance provides strategic design, development, organization, implementation, and operation of the Association's compliance management program and oversee the Association’s policies to ensure compliance with Farm Credit Administration regulations.
Position Responsibilities:
Compliance
Position Responsibilities:
Compliance
- Attends trainings and reads articles on lending regulations, policies and procedures, consumer protection and public interest laws and their impact on the Association
- Determines when to discuss procedural changes based on findings with appropriate staff
- Recommends, develops, and revises policies and procedures to meet federal and state regulations for manager approval, as directed by management team
- Assist in ensuring policies are maintained in accordance with the Policy Review Schedule
- Review of the National Oversight Plan and prepare an executive summary for review
- Create and/or amend risk/audit/compliance policy, procedures, and training materials as needed
- Stay abreast of changing regulatory requirements by actively reviewing FCA website and consumer protection sites – work with COO to maintain Compliance Management Program
- Maintains the Association’s Policy Review Schedule and ensure policies go for board approval as outlined in the schedule and based off regulatory guidance
- Work with outside counsel to ensure policies are up-to-date and in compliance with regulatory guidance
- Develops and revises policies and procedures to ensure compliance with federal and state regulations
- Creates step by step guidance and procedures to comply with current regulations
- Run and analyze required compliance reports—HMDA, Fair Credit Reporting Act (Disputes), OFAC, QRL, etc.; work with COO to troubleshoot report findings.
- Develop and coordinate regulatory projects as approved by Management to meet strategic business objectives and pending regulatory guidance
- Develop detailed project plans, including tasks, timelines, resources, and dependencies.
- Coordinate project tasks and activities among team members, ensuring alignment with project goals.
- Answers questions from employees and management regarding compliance, policies and procedures
- Trains and provides compliance guidance to management, lending officers, credit officers and support staff
- Create and/or amend risk/audit/compliance policy, procedures and training material as needed.
- Bachelor’s degree in business administration, risk management, or related field
- 3 - 5 years of experience in compliance, risk, finance, management, or banking.
- Or an equivalent combination of education and experience sufficient to perform the essential functions of the job
- Prefer Farm Credit Administration (FCA) experience with the agency or at another Association within the Farm Credit System.
- Knowledge of Adobe, Microsoft Word, Excel, PowerPoint, and Outlook sufficient to create, update and save basic documents
- Skill in leadership of regulatory projects
- Knowledge of project plan creation and execution
- Ability to communicate and collaborate with stakeholders on regulatory projects
- Ability to present to a variety of audiences
- Ability to review pending regulatory compliance and skill to problem solve implementation strategies at the Association level
- Skill in learning, retaining and applying industry specific rules and regulations
- Skill in utilizing time in an efficient and effective manner on competing projects with sensitive deadlines
- Skill in applying processes and procedures to factual data to make a logical decision
- Skill in good judgement and polite behavior
- Skill in interacting and working effectively with others
- Skill in focusing and concentrating on details
- Skill in organizing projects and competing projects
- Knowledge of the Farm Credit Administration (FCA), Consumer Financial Protection Bureau (CFPB), regulatory compliance
- Oral and written communication skills sufficient to discuss a variety of job-related topics, and to effectively communicate complex topics to a variety of audiences relating to policies, procedures and project plans
Important note: We care about your hiring process and take it seriously. A real person will review your application, meaning response timelines may vary. The interviewing process at Oklahoma AgCredit may include emails, texts, phone calls, and on-site interviews. We cannot personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.
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