VP Enterprise Risk Management and General Counsel

POSTED: June 15, 2020
BUSINESS: Purdue Federal Credit Union
POSITION TYPE: Full-time
START DATE: Immediate Availability

Position Summary:

The VP ERM and General Counsel is responsible for all legal matters affecting the credit union and will exercise sound judgment and decision making in a highly regulated industry.  The VP ERM and General Counsel will collaborate with the CEO and other members of the Executive Leadership Team in the overall administration of the organization by contributing to the development and implementation of overall plans, policies, and projects.  The VP ERM and General Counsel will provide legal resources to the credit union, including review of contracts, policies, procedures, forms, and other agreements and management of external legal counsel.  Additionally, the VP ERM and General Counsel ensures an appropriate balance of risk throughout the organization through leadership of the Internal Audit, Compliance and Bank Secrecy Act (BSA) teams. 

*Employees are expected to adhere to all rules and regulations applicable to this position, including but not limited to all policies and procedures pertaining to the Bank Secrecy Act.

Duties and Responsibilities (Essential Functions):

General Counsel

  • Provide legal counsel and subject matter expert advice related to the products and services of the Credit Union, manage provision of legal services, and advise on corporate governance matters. Prepare and review legal contracts, forms, and other agreements.  Represent the credit union in all legal matters including:
    • Research applicable industry journals, publications, and standards to provide timely legal guidance on relevant issues.
    • Provide legal counsel on business lending and deposit product matters to support continued growth of Member Business Lending.
    • Manage the budget for legal expenses and coordinate the selection, retention, and management of external counsel.
    • Act as liaison for all legal matters the credit union may encounter, including with regulatory agencies and during mergers and acquisitions.
  • Draft and update proposed policies, procedures, disclosures, and member-facing documents for use by departments throughout the Credit Union.
  • Attend regular board meetings and relevant committee meetings and assist with corporate motions and minutes. Review and manage corporate by-laws and board policies. 
  • Advise executive leadership and board of directors on all legal, legislative, litigation, and regulatory matters that have an impact on the Credit Union.

Enterprise Risk and Compliance Management

  • Provide enterprise-wide risk management guidance and assistance to all areas of the Credit Union.
  • Periodically report regulatory matters, concerns, and overall compliance condition of applicable departments, operations or functions within the Credit Union to the CEO, Board of Directors and Vice Presidents.
  • Coordinate with Vice Presidents to assess risk potential of current procedures and institute new procedures that minimize loss exposure.
  • Manage the Contracts & Procurement Analyst to coordinate delivery of contracting services and procurement.
  • Develop and maintain a comprehensive vendor management program and proactively assist VPs and managers in vetting new vendors and technology solutions for compliance functionality.
  • Manage the Compliance Officer to coordinate the dissemination of information, research and responses to compliance questions from employees, coordinating with necessary staff, managers and other subject matter experts as needed. Ensure compliance with all laws, policies, and regulations.
  • Ensures compliance with the Bank Secrecy Act and Anti Money Laundering regulations by providing oversight to the Bank Secrecy Act Officer.
  • Assist in the revision and design of forms, products, websites, programs, or promotions to ensure compliance with all state and federal rules and regulations and industry standards.

Leadership of Internal Audit

  • Provide strategic leadership for the AVP of Internal Audit.
  • Ensure audit and risk assessment programs are adequate to safeguard Credit Union assets.

Executive Management 

  • Contribute and participate in short and long term planning for credit union. Provide input on strategic direction and vision to the CEO.
  • Collaborate with Key Strategy teams to provide direction for Corporate Goals.

Individual and Team Development

  • Personal and team growth and development.
  • Build department morale and team effectiveness by hiring, supervising, training and professionally developing staff.

Knowledge, Skill, and Ability Requirements:

  • Bachelor’s degree is required; Juris Doctorate degree required with admission to the Indiana Bar or other state bar with entry to the Indiana Bar within one year of hiring.
  • Minimum 5 years legal experience required in banking law, finance, compliance, contract drafting, and commercial transactions; financial institution or in-house counsel experience preferred.
  • Law degree and experience in federal regulations may substitute for financial institution experience.
  • Ability to conduct thorough research, interpret and understand laws and regulations pertaining to financial institutions and provide workable recommendations for compliance.
  • Firm understanding of auditing practices, with an emphasis on risk assessments and other high level audit functions.
  • Ability to follow the core values of honesty, integrity, mutual respect, pride and ownership

Work Environment/Physical Demands:

  • This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phone, photocopiers, filing cabinets and fax machines
  • This position requires manual dexterity, the ability to lift files and open filing cabinets
  • This position requires sitting, bending, stooping or standing as necessary

Benefits:

Purdue Federal offers competitive wages including an advancement program, excellent benefits, training and development opportunities, and employee appreciation.

It is the policy of Purdue Federal Credit Union not to discriminate against any employee or applicant for employment because of race, color, religion, age, sex, national origin, disability, marital status, genetic information, sexual preference, ancestry, student status, veteran status or arrest and conviction records or any other protected class not directly relevant to employment.

Application Instructions:

For further details or if you are interested in joining an organization where Honesty, Integrity, Mutual Respect, and Pride & Ownership are the core values, please complete our online application:  https://purduefedcareers.silkroad.com/

 

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