Credit Union:

Express Credit Union

Region:

Seattle, WA

Closing:

11/18/2024

Learn More

Job Description:

Are you motivated to serve your community and help your credit union grow? Do you enjoy thinking strategically and working directly with members to create opportunities? If so, read on to learn more about this unique opportunity.

Express Credit Union (CU) collaborates with the community to provide access to financial opportunities, with a vision of achieving economic justice for all. We believe that every Washington State resident should have fair and affordable access to financial services, along with the skills to be financially resilient. As a Community Development Financial Institution (CDFI), Express CU serves individuals and businesses regardless of income, credit score, or immigration status. The institution offers flexible financial products and tools aimed at helping members build credit, grow assets, and gain economic security. Express CU also partners with local organizations to provide financial education.

At its core, Express CU operates on values of People & Community, Empowerment, Inclusion, Empathy, and Trust. We prioritize caring for members and the community, empowering individuals with financial knowledge, and fostering an inclusive environment. The credit union values diversity, practices empathy by meeting members where they are on their financial journeys and builds trust through honesty and transparency in its services.

Express CU is excited to introduce a new opportunity to lead our lending and compliance roles. We take pride in offering inclusive financial products and services, and we’re eager to expand and innovate our lending services for the benefit of our members and the community. This position is in-person, with regular work based at the Express CU office.

Job Overview
The Vice President, Lending and Compliance is a key leadership position responsible for shaping and executing the credit union’s lending growth strategy. This role emphasizes innovation in lending services while maintaining strict adherence to risk management practices and regulatory compliance. Additionally, the VP will play a critical role in supporting BSA (Bank Secrecy Act) compliance efforts, making this position an excellent development opportunity.

Responsibilities

  • Collaborate with the executive team to set annual lending goals and implement strategies to serve underrepresented markets (e.g., ITIN holders, low-income individuals, and people of color).
  • Monitor market trends and competitor offerings to adjust lending strategies and maintain competitiveness.
  • Oversee the loan portfolio, balancing growth, member service, and risk, while regularly evaluating credit risk, delinquencies, and recoveries.
  • Act as the primary loan underwriter, managing loan processes to ensure compliance, proper controls, and segregation of duties.
  • Champion compliance by developing policies, conducting team training, and ensuring adherence to BSA, AML, and other relevant regulations.
  • Oversee compliance audits for lending departments and collaborate with the CEO to maintain positive relationships with regulatory agencies.
  • Lead and mentor the lending team, fostering a member-centric approach and promoting continuous learning and accountability.
  • Ensure team development by providing coaching, professional growth opportunities, and nurturing talent within the organization.

Requirements

  • 5+ years of experience in lending
  • Experience serving underserved populations
  • Knowledge of federal and state lending regulations
  • Experience relating to credit union compliance and internal controls
  • Advanced knowledge of Microsoft Office applications
  • Excellent communication skills; must be able to read, write, and speak the English language

This role prefers the following experience:

  • Prior experience with Bank Secrecy Act compliance preferred
  • Bilingual Spanish preferred

This role is essential for maintaining our commitment to integrity and ethical business practices while navigating the complexities of regulatory landscapes. If you are passionate about lending and have a track record of success in this field, we encourage you to apply.

Job Type: Full-time

Pay: $75,000.00 – $92,000.00 per month

Benefits:

  • 401(k)
  • Dental insurance
  • Employee assistance program
  • Health insurance
  • Paid time off
  • Parental leave
  • Retirement plan
  • Vision insurance

Physical Setting:

  • Office

Schedule:

  • 8-hour shift
  • Monday to Friday

Ability to Relocate:

  • Seattle, WA 98134: Relocate before starting work (Required)

Work Location: In person