Compliance Department

anelr

Hello!

Which areas of the credit union are involved in the Compliance Department?

Where does a Compliance Officer land in an organization? Would it be under Operations?

Any information would be greatly appreciated.


Thank you!!!!!:help:

FunHRBanker

It depends on the type of compliance! In our bank (bank vs. credit union, I know, I know) we have a Loan Compliance Officer, a GLBA/Reg CC compliance person, and a BSA officer. One falls under loans, the others under operations.

Dutch2

Bank here... we have one Compliance Officer. This position reports directly to the COO.

Sharon McKnight SPHR

In non-banking/financial institutions, it often falls under HR or Legal.

Sharon

Cheryl S SPHR

Bank here as well -- our compliance department falls under our EVP.

wbowen

Bank here as well - Compliance Officer reports to EVP, who reports to CEO.

cnghr

Another bank chiming in...our Compliance Officer does all compliance for both the operations and lending sides of the organization, and reports to the CFO who reports to the CEO.

ACU Frank

Our Compliance Officer reports directly to the CEO. I wouldn't do it any other way.