Manager, Legal & Risk – NFFG

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 NFFGs 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 NFCUs 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 Groups 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 NFFGs 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

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

• Best Companies for Latinos to Work for 2024

• Computerworld® Best Places to Work in IT

• Forbes® 2024 Americas Best Large Employers

• Forbes® 2023 The Best Employers for New Grads

• Fortune Best Workplaces for Millennials™ 2023

• Fortune Best Workplaces for Women ™ 2023

• Fortune 100 Best Companies to Work For® 2024

• Military Times 2023 Best for Vets Employers

• Newsweek Most Loved Workplaces

• Ripplematch Campus Forward Award – Excellence in Early Career Hiring

• Yello and WayUp Top 100 Internship Programs

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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

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

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: 21486