Full-time
VP Enterprise Risk Management and General Counsel - Purdue Federal Credit Union - West Lafayette, IN

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 CounselProvide 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 ManagementProvide 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 AuditProvide strategic leadership for the AVP of Internal Audit.Ensure audit and risk assessment programs are adequate to safeguard Credit Union assets.Executive ManagementContribute 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 DevelopmentPersonal and team growth and development.Build department morale and team effectiveness by hiring, supervising, training and professionally developing staff.Required SkillsBachelor’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 ownershipWork 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 machinesThis position requires manual dexterity, the ability to lift files and open filing cabinetsThis position requires sitting, bending, stooping or standing as necessaryPurdue Federal Credit Union is an Equal Opportunity Employer M/F/Disability/Veteran**TO BE CONSIDERED FOR EMPLOYMENT, INTERESTED APPLICANTS MUST APPLY ON OUR WEBSITE AT https://www.purduefed.com/Job Type: Full-timeBenefits:401(k)401(k) MatchingDental InsuranceFlexible Spending AccountHealth InsuranceLife InsurancePaid Time OffParental LeaveReferral ProgramTuition ReimbursementVision InsuranceSchedule:Day ShiftExperience:Legal: 5 years (Required)Education:Doctorate (Required)Additional Compensation:BonusesWork Location:One locationThis Job Is Ideal for Someone Who Is:Dependable -- more reliable than spontaneousPeople-oriented -- enjoys interacting with people and working on group projectsAdaptable/flexible -- enjoys doing work that requires frequent shifts in directionDetail-oriented -- would rather focus on the details of work than the bigger pictureHigh stress tolerance -- thrives in a high-pressure environmentThis Company Describes Its Culture as:Detail-oriented -- quality and precision-focusedPeople-oriented -- supportive and fairness-focusedTeam-oriented -- cooperative and collaborativeCompany's website:https://purduefedcareers.silkroad.com/Company's Facebook page:https://www.facebook.com/purduefed/Benefit Conditions:Waiting period may applyOnly full-time employees eligibleWork Remotely:Temporarily due to COVID-19

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