Senior Director of Compliance & Fraud

Company: CommonWealth Central Credit Union
Location: San Jose
Posted on: May 22, 2025

Job Description:

Senior Director of Compliance & Fraud

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At CommonWealth, we serve the financial needs of more than 40,000 people who live or work in Santa Clara County. We are seeking candidates who share our value and commitment to building stronger communities through financial health - one member at a time. In addition to a competitive base salary, our compensation package includes:

13 paid holidays
17 days of Paid Time Off (PTO) during first year of employment
Up to 2% discounts on loans--including first mortgages*
401(k) Plan with Company Match
Medical, dental, vision insurance
Long-term disability insurance
Life insurance
Voluntary insurance
Employee assistance program
Financial Wellness benefits and resources
Tuition reimbursement and more



We are currently accepting applications for a Senior Director of Compliance and Fraud based in our San Jose Corporate Office.

As our Senior Director of Compliance and Fraud, your major responsibilities will include:

Safeguard the financial interests of members by identifying, assessing, and mitigating fraud and compliance risks across all Credit Union operations.
Align the compliance and fraud functions with the strategic direction of the Credit Union, including but not limited to, consumer/real estate/business/commercial lending, deposits, and membership.
Develop and lead a comprehensive compliance review and monitoring program designed to identify, manage, and report company-wide legal and regulatory compliance risk.
Conduct internal reviews of the Credit Union's compliance program. Review, monitor and evaluate the Credit Union's compliance related policies and procedure to determine the adequacy and effectiveness of the Credit Union's compliance program.
Review and conduct in-depth analysis on regulatory and legal changes affecting financial institutions to determine applicability and impact to the Credit Union.
Monitor federal, state, and local legislative and regulatory environment for proposed changes to laws and regulations and their potential impact on the Credit Union.
Provide management oversight of the Credit Union's compliance with the Bank Secrecy Act (BSA); vendor management function; and all fraud-related activities across the organization including risk mitigation tactics, metrics, reporting and trends.
Partner with the Chief Lending Officer to provide support and ensure compliance with the following regulations: Fair Lending, Home Mortgage Disclosure Act (HMDA), Equal Credit Opportunity Act (ECOA), Truth in Lending Act (TILA), Fair Debt Collection Practices Act (FDCPA), S.A.F.E Act, Fair Credit Reporting Act (FCRA), Real Estate Settlement Procedures Act (RESPA), Community Reinvestment Act (CRA), Privacy of Consumer Financial Information, and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP).
Partner with the Chief Experience Officer to provide support and ensure compliance with the following regulations: Electronic Funds Transfer Act (EFT), Truth in Savings Act (TISA), Availability of Funds and Collection of Checks (Reg. CC), OFAC, and Currency Transaction Reporting (CTR).
Prepare analyses and present summaries/findings to Credit Union management to assist in decision-making.
Manage projects required to implement regulatory and legal changes, including setting project goals, coordinating efforts between multiple departments, and monitoring for effectiveness. Partner with departments to implement such changes to products, services, and processes to ensure compliance.
Review and revise the Credit Union's policies, forms, disclosures, advertisements, and other forms of member communication for compliance with applicable laws and regulations; consult industry experts and third-party resources (including legal counsel) as needed. Research regulatory/legal questions from departments across the organization.
Serve as subject matter expert for employee compliance training program.
Maintain current and ongoing extensive knowledge of the laws and regulatory requirements.




Our ideal candidate will have a minimum of ten to 15 years of credit union or banking experience, with a minimum of 10 years in a compliance-related role. Previous supervisory/management experience strongly preferred. Bachelor's degree required. Advanced degree with area of study in business, finance or risk management a plus. Certifications such as NAFCU Certified Compliance Officer (NCCO), Credit Union Compliance Expert (CUCE), Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), Certified Regulatory and Compliance Professional (CRCP), CU Enterprise Risk Management Expert (CUERME), NAFCU Certified Risk Manager, or Certified Regulatory Vendor Program Manager (CRVPM) strongly preferred. Significant knowledge of laws and regulations pertaining to credit unions, and ability to interpret and understand laws and regulations and determine applicability to the Credit Union. Proficient knowledge of compliance and fraud related software solutions, in addition to MS Outlook, Word, Excel and PowerPoint. Demonstrated ability to communicate effectively (written and verbal). Ability to maintain confidentiality and conduct oneself with a high level of diplomacy and tact.

Pay Range: $115,000 - $153,000; based on skills and experience.

For immediate consideration, apply now!

CommonWealth is an equal opportunity employer

Keywords: CommonWealth Central Credit Union, Madera , Senior Director of Compliance & Fraud, Accounting, Auditing , San Jose, California