Vice President, Risk and Compliance

Vice President, Risk and Compliance

ALERO FINANCIAL CREDIT UNION

Elgin, IL Job Details Full-time $120,574.45 - $150,718.06 a year 2 hours ago Benefits Profit sharing Commuter assistance Disability insurance Health insurance Dental insurance Flexible spending account Tuition reimbursement Paid time off Vision insurance 401(k) matching Life insurance Pet insurance Qualifications Bachelor's degree

Full Job Description Position Title:

Vice President, Risk & Compliance Reports to:

First Vice President, Enterprise Risk Management Grade Level:

16

Full Salary Range:

$120,574.45 - $180,861.67

Hiring Salary Range:

$120,574.45 - $150,718.06

Position Summary:

The Vice President, Risk and Compliance is responsible for administering the Credit Union's Compliance Management System (CMS) and providing independent second‑line oversight of regulatory compliance risk. This role ensures compliance with applicable federal and state laws and regulations and serves as the primary subject matter expert for compliance‑related risk. Duties must be accomplished in compliance with federal and state laws and in accordance with the credit union's policies and procedures and with constant attention to Alero's creed, vision, mission and goals.

Duties and Responsibilities:

Administer and maintain the Vendor Management System (VMS) . Conduct, update, and document the Compliance Risk Assessment . Monitor regulatory changes and ensure timely implementation across the organization. Maintain and review compliance‑related policies, procedures, and disclosures. Oversee compliance monitoring, testing, and validation activities. Coordinate and manage regulatory compliance examinations and responses. Provide compliance guidance, advisory support, and training to first‑line business units. Advise executive leadership on compliance risks, trends, and emerging regulatory issues. Track compliance issues and escalate material risks to the First Vice President, Enterprise Risk Management. Support fair lending, UDAAP, and broader consumer protection initiatives. Perform all other duties as assigned

Qualifications:

Education and Experience Bachelor's degree required; professional compliance certification preferred (CRCM, NCCO). 7-10 years of experience in financial institution compliance. Skills and Competencies Strong working knowledge of consumer protection and safety‑and‑soundness regulations. Proven experience managing regulatory exams and interacting with examiners. Benefits Health, Vision, Dental Insurance Long-term Disability Insurance Critical Illness Life Insurance 401(k) match Profit sharing PTO Flexible Spending Account Tuition Reimbursement Pet Insurance Commuter Benefit While performing the duties of this job, the employee is frequently required to sit, view information on a computer screen, and talk or hear. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Telephone conversations may be monitored or recorded for the purposes of training, coaching, feedback and quality assurance on an unannounced basis.