Overview

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.

Responsibilities

• Act 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 process
• At 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 implementations
• Act as liaison for NFFG legal inquiries from both outside parties and internal staff, responding to all member complaints, proposed legal actions, and regulatory requests
• Serve 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 needed
• Prepare 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 procedures
• Respond 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 Management
• Research, evaluate, and guide efforts to develop a comprehensive enterprise-wide system of reviews and tests to assure compliance with all applicable legislative and regulatory changes
• Direct the day-to-day risk program to align with NFFG's strategic objectives, risk management best practices, and regulatory expectations
• Ensure risk management practices and standards are embedded across the operational, financial, credit, compliance, and strategic risk domains for NFFG
• Partner with business units and senior management to assess, support, and develop risk mitigation strategies across the organization
• Counsel and advise key stakeholders on complex risk issues; provide guidance and feedback to business units throughout their risk management lifecycle
• Provide 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 Officer
• Perform other duties as assigned

Qualifications

• Significant experience in evaluating a broker/dealer operation for associated risks in a financial organization
• Expert knowledge of federal, state, local and industry regulation affecting financial institutions to include broker/dealer and advisory firms
• Significant experience in managing and maintaining an effective, ongoing compliance program
• Experience in risk analysis
• Significant experience in supervising and leading employees
• Expert knowledge of banking/financial industry standards and practices
• Advanced skill making sound organizational and operational decisions
• Advanced research, analytical, and problem solving skills
• Advanced skill analyzing facts/identifying controls/developing procedures/recommending solutions
• Advanced skill presenting findings, conclusions, alternatives, and information clearly and concisely
• Advanced relationship building, negotiation and facilitation skills
• Advanced verbal and written communication skills
• Juris Doctor from an accredited law school or the equivalent combinations of educations, training or experience

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