Builds strong relationships with business partners and provides compliance guidance and oversight in fair lending, unfair, deceptive, or abusive acts and practices (UDAAP), and Privacy. Responsible ...
Builds strong relationships with business partners and provides compliance guidance and oversight in fair lending, unfair, deceptive, or abusive acts and practices (UDAAP), and Privacy. Responsible ...
Compliance Manager
Lac Du Flambeau, WI · On-site
$70K/yr
... EFTA, UDAAP, and ECOA. * Collaborate with third-party compliance vendors to manage monthly updates, assessments of internal compliance audits, and recommend necessary changes. Training and ...
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Compliance Manager
Lac Du Flambeau, WI · On-site
$70K/yr
... EFTA, UDAAP, and ECOA. * Collaborate with third-party compliance vendors to manage monthly updates, assessments of internal compliance audits, and recommend necessary changes. Training and ...
Partner with teams to ensure digital capabilities comply with regulatory requirements such as ADA, UDAAP, Reg E, Reg Z, AML expectations and fraud-mitigation best practices. * Collaborate with ...
Partner with teams to ensure digital capabilities comply with regulatory requirements such as ADA, UDAAP, Reg E, Reg Z, AML expectations and fraud-mitigation best practices. * Collaborate with ...
Experience supporting compliance with regulations such as OCC, BSA/AML, Reg E, Reg CC, and UDAAP. Preferred * Experience leading risk assessments, control testing, or quality assurance reviews.
Experience supporting compliance with regulations such as OCC, BSA/AML, Reg E, Reg CC, and UDAAP. Preferred * Experience leading risk assessments, control testing, or quality assurance reviews.
Experience supporting compliance with regulations such as OCC, BSA/AML, Reg E, Reg CC, and UDAAP. Preferred * Experience leading risk assessments, control testing, or quality assurance reviews.
Experience supporting compliance with regulations such as OCC, BSA/AML, Reg E, Reg CC, and UDAAP. Preferred * Experience leading risk assessments, control testing, or quality assurance reviews.
Experience supporting compliance with regulations such as OCC, BSA/AML, Reg E, Reg CC, and UDAAP. Preferred * Experience leading risk assessments, control testing, or quality assurance reviews.
Experience supporting compliance with regulations such as OCC, BSA/AML, Reg E, Reg CC, and UDAAP. Preferred * Experience leading risk assessments, control testing, or quality assurance reviews.
Udaap information
What are the key skills and qualifications needed to thrive as a UDAAP (Unfair, Deceptive, or Abusive Acts or Practices) Compliance Specialist, and why are they important?
To thrive as a UDAAP Compliance Specialist, you need a deep understanding of consumer protection laws, risk assessment, and regulatory compliance, often supported by a degree in law, finance, or a related field. Familiarity with compliance management systems, regulatory research tools, and certifications like Certified Regulatory Compliance Manager (CRCM) is highly valuable. Strong analytical thinking, attention to detail, and effective communication skills help you interpret regulations and educate stakeholders. These skills ensure organizations remain compliant, avoid legal penalties, and uphold fair treatment for consumers.
What is the difference between Udaap vs Data Analyst?
| Aspect | Udaap | Data Analyst |
|---|---|---|
| Required credentials | Typically a background in data analysis, statistics, or related fields | Bachelor's degree in data science, statistics, or related disciplines |
| Work environment | Tech companies, digital marketing, or analytics firms | Business, finance, healthcare, and various industries |
| Employer usage | Used for analyzing user data, app performance, and digital marketing metrics | Used for interpreting data, creating reports, and supporting decision-making |
Udaap and Data Analyst roles share overlapping skills in data analysis and require similar educational backgrounds. However, Udaap focuses more on analyzing user data within digital platforms, while Data Analysts often work across diverse industries to interpret data and generate insights. Both roles are essential in data-driven environments but serve different specific functions.
What are UDAAP and why are they important in the financial industry?
UDAAP stands for Unfair, Deceptive, or Abusive Acts or Practices. These are standards set by regulatory agencies, such as the Consumer Financial Protection Bureau (CFPB), to protect consumers from harmful behaviors by financial institutions. UDAAP regulations are crucial because they ensure that consumers are treated fairly, that products and services are transparent, and that companies do not engage in practices that could exploit or mislead customers. Compliance with UDAAP helps organizations avoid legal penalties and maintain trust with consumers.
What are some common challenges faced by professionals working in UDAP (Unfair, Deceptive, or Abusive Acts or Practices) compliance roles?
Professionals in UDAP compliance roles often navigate the challenge of interpreting broad and evolving regulations to ensure their organization avoids practices that could be deemed unfair or deceptive. They must stay updated on regulatory guidance and enforcement actions, which can shift with changes in laws or regulatory priorities. Collaboration with legal, risk, and business units is crucial to proactively identify and mitigate potential compliance issues. Additionally, UDAP specialists often educate employees across departments, ensuring consistent understanding and application of policies throughout the organization.
What are popular job titles related to Udaap jobs in Wisconsin? For Udaap jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Udaap jobs in Wisconsin look for? The top searched job categories for Udaap jobs in Wisconsin are:
What cities in Wisconsin are hiring for Udaap jobs? Cities in Wisconsin with the most Udaap job openings:
Other
Posted 13 days ago
Job description
At Landmark Credit Union, we succeed by putting people first - and that starts with you. Our culture of inclusion and collaboration enables us to support our members’ financial wellbeing, positively impact the communities we serve, and help our associates grow their careers. Bring your authentic self to work as part of an organization where you’ll feel valued for your unique qualities, are enabled to reach your full potential, and are recognized for your contributions to our success. We strive to ensure you feel empowered to grow and succeed, while also feeling valued and taken care of, as we all do our part to put people first. We invite you to learn more about this and other opportunities at Landmark Credit Union.
NATURE AND SCOPE:
Reports to Director, Compliance. Manages Privacy and the Fair and Responsible Banking programs to ensure compliance with regulatory requirements and to minimize risk for the organization. Builds strong relationships with business partners and provides compliance guidance and oversight in fair lending, unfair, deceptive, or abusive acts and practices (UDAAP), and Privacy. Responsible for fair lending testing and HMDA compliance assurance program.
REQUIREMENTS:
1. Bachelor’s degree in Risk Management, Business, Finance, or related field and a minimum of seven years of compliance experience in a financial institution. Equivalent combination of education and experience will be considered.
2. Demonstrated advanced knowledge of current regulatory requirements and proven research skills.
3. Demonstrated success in developing and implementing fair lending compliance plans.
4. Demonstrated advanced knowledge of financial operations, policies, and procedures, including but not limited to Compliance management, internal audits, and action plan design and follow up.
5. Experience working with regulators and other governmental agencies.
6. Excellent verbal and written communication skills, and the proven ability to work across various departments and levels in an organization.
7. Ability to use independent judgment and discretion while maintaining a high degree of confidentiality.
8. Ability to engage stakeholders, collaborate, and build trusting relationships; ability to influence without direct authority.
9. Must develop a thorough understanding of company policies and procedures as they relate to the position. Must understand and comply with all job-related state and federal laws and regulations.
PRINCIPAL ACCOUNTABILITIES:
1. Monitor existing compliance programs to ensure alignment with external regulations and internal policies. Develop and implement new compliance programs as determined.
2. Provide subject matter expertise on fair lending, responsible banking, UDAAP, and Privacy regulations and translate them into actionable guidance appropriate to business unit operations.
3. Conduct risk assessments for fair lending, responsible banking, UDAAP, and Privacy.
4. Lead day-to-day functions of collection, review, analysis, correction, and submission of Home Mortgage Disclosure Act (HMDA) data and liaises with applicable business units to ensure compliance.
5. Implement and manage Landmark’s Fair Lending Program, including ongoing risk assessment and implementation of mitigation measures, as necessary.
6. Implement and maintain Landmark’s privacy policy and procedures.
7. Partner with Information Security to establish mechanisms that protect member information as required by law.
8. Participate in review of complaints related to Privacy, fair lending, and UDAAP.
9. Prepare thorough and accurate responses to inquiries from regulatory agencies and complete all required compliance documentation. Coordinate and communicate directly with auditors and regulatory agency examiners during examinations.
10. Maintain current and extensive knowledge of the laws and regulatory guidelines with which the credit union is required to comply.
11. Direct the work of business area stakeholders, and third parties completing fair lending analysis.
12. Execute compliance strategic goals for the organization and adhere to approved budgets.
13. Performs other duties as assigned.
EEO/Veterans/Disabled