Overview
Direct the management of Navy Federal Financial Group (NFFG) compliance programs, regulatory reporting, communications, inquiries, and audits to Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Municipal Securities Ruling Board (MSRB), all state Department of Financial Institutions (pertaining to securities and insurance regulations), Federal Reserve, Department of Labor (DOL) (pertaining to ERISA and other investment/ insurance laws regulations), and NCUA and Navy Federal standards. Serve as Bank Secrecy Act (BSA)/Anti Money Laundering (AML) under rules governed by the Financial Crimes Enforcement Network (FinCEN). Serve as Risk Officer to implement NFCU Enterprise Risk Management Program. Develop NFFG strategic compliance initiatives for Navy Federal Investment Services, a SEC Registered Investment Advisor and FINRA Registered Broker Dealer. Serve as Chief Compliance Officer for NFIS and NFFG. Ensure NFIS and NFFG staff adhere to regulations with State Insurance Divisions. Ensure compliance with municipal/options transactions. Serve as primary Legal representative for NFIS and NFFG.
Responsibilities
Direct the management of NFFG compliance programs, regulatory reporting, communications, inquiries, and audits for multiple external regulatory entities to include but not limited to FINRA, SEC, MSRB, Federal Reserve Bank and others
Create, lead, and manage a comprehensive risk analysis and risk management plan for NFFG and NFIS. Additionally, serve as the main point of contact for legal and regulatory issues within NFFG
Act as Risk Officer for NFFG and ensure risk management practices and standards are embedded across the operational, financial, credit, compliance, and strategic risk domains for NFFG
Detect and remain alert of fraud trends, Red Flags and proactively implement preventive measures
Develop, manage, and implement compliance programs, licensing/registration processes and documentation; ensure updated registration and regulatory changes are incorporated
Establish/direct internal/ external controls for compliance/audit purposes with applicable statutory requirements and organizational policies
Stay informed of business environment, financial services, and associated trends to ensure competitive business conditions and newest developments are incorporated
Act as the main point of contact for NFFG legal for vendor contract review and for inquiries from both outside parties and internal staff, and provide oversight of resolution
Act as a liaison with NFCU's Office of General Counsel, Compliance, and Enterprise Risk team, partnering, collaborating, and escalating issues as needed
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
Perform supervisory/managerial responsibilities
Perform other duties as assigned
Qualifications
FINRA Registration: Series 7 and 24.
Juris Doctor from an accredited law school, fully accredited by the American Bar Association
Bachelor's Degree in business administration or a related field, or the equivalent combinations of educations, training, or experience
Significant experience in leading a broker/dealer compliance operation in a financial organization
Significant experience in leading broker/dealer risk management in a financial organization
Significant experience in legal document (POA, Trust, Will, Operating Agreements, etc.) and contract review
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
Significant experience in managing an Office of Supervisory Jurisdiction (OSJ) and operations department
Experience in compliance 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
Desired Qualifications:
Desired - Advanced degree in business, Finance, Insurance, Management or Marketing
Desired - Knowledge of Navy Federal objectives, functions and policies and procedures
Hours: Monday - Friday, 8:00AM - 4:30PM
Location: 820 Follin Lane, Vienna, VA 22180
About Us
You have goals, dreams, hobbies, and things you're passionate about-what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them-friends, family, and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:
- Military Times 2022 Best for Vets Employers
- WayUp Top 100 Internship Programs
- ForbesR 2022 The Best Employers for New Grads
- Fortune Best Workplaces for Women
- Fortune 100 Best Companies to Work ForR
- ComputerworldR Best Places to Work in IT
- Ripplematch Campus Forward Award - Excellence in Early Career Hiring
- Fortune Best Place to Work for Financial and Insurance Services
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/Disability
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 position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 19031
