General Purpose:

RCAC is seeking a dynamic CRM to join our team. Reporting directly to the Chief Financial Officer (CFO), CRM provides direction and oversight on all corporate compliance matters. CRM's main role is to ensure that RCAC adheres to all regulatory requirements and manages risks effectively related to its main program services.

CRM is responsible for identifying and assessing compliance risk areas; communicating the importance of the compliance program to the Senior Leadership Team (SLT) and staff; preparing and distributing the written code of conduct, setting forth the ethical principles and policies; developing and implementing education programs; implementing a retaliation-free internal reporting process; and collaborating with C-Suite and SLT to effectively incorporate the compliance program and changes in the policies and procedures.

Job Duties and Responsibilities:

• Review, develop and implement corporate compliance policies and procedures to ensure adherence to applicable laws, regulations, and industry standards. Stay abreast of changes in regulatory requirements and industry best practices and update policies and procedures accordingly.
• Conduct regular risk assessments and identify potential areas of risk exposure within the organization's operations, programs, and investments.
• Collaborate with RCAC departments including Staff Operations, Communications, Loan Fund, Housing, Events and Facilities and Community/Environmental Services to establish risk mitigation strategies and monitor the effectiveness of controls.
• Assist and coordinate contract and organizational audits, examinations and reviews conducted by external regulatory agencies or auditors. Serve as the primary point of contact for regulatory inquiries and examinations, ensuring timely and accurate responses.
• Develop educational programs for all employees, agents, contractors, or others working with the organization. Provide guidance and training to staff members on compliance and risk management principles and practices.
• Ensure that the internal controls can prevent and detect significant instances or patterns of illegal, unethical, or improper conduct by employees, agents, contractors, or others working with the organization.
• Ensure that compliance systems in place have effective mechanisms to determine that employees in management and other sensitive and/or responsible positions do not have a propensity to violate laws and regulations or engage in improper or unethical conduct in their designated areas of responsibility.
• Provide input and/or direction to human resources policies and procedures and the performance appraisal and incentive programs to ensure that improper conduct is discouraged.
• Review and update RCAC's procurement, expense, internet security, advocacy, accounting, board reporting, diversity and inclusion, cash and investment, management plans and other related policies.
• Ensure that all RCAC corporate, subgrant and vendor contracts contain language that is corporate compliant and includes required insurance clauses, disclosures, and exclusions. Additionally, CRM at their discretion is expected to regularly report issues to the CFO and SLT.
• Oversee, follow-up and, as applicable, resolve investigations, including insurance applications and claims and other issues generated by the compliance program, including development of corrective action plans, as needed.
• Develop and implement, upon CFO and/or SLT's approval, an annual review of an update to the compliance plan including important matters.

Supervision Exercised:

• No supervisory duties.

Minimum Qualifications and Necessary Requirements:

Education: Bachelor's degree in finance, business administration, law, or a related field. Advanced degree or professional certification in compliance, risk management or finance preferred.

Experience: Minimum five years of experience in compliance, risk management or a similar role, preferably in the financial services sector or within a Community Development Financial Institution (CDFI).

License/Certification: Valid driver's license and proof of insurance that meets the minimum requirements ($100,000/$300,000) of RCAC corporate liability policy.

Knowledge, Skills, and Abilities:

• Must be able to communicate effectively with all levels of management, staff, outside contacts, funders, investors, and members of the Board of Directors.
  
• Strong understanding of relevant laws and regulations governing financial institutions, such as the Community Reinvestment Act (CRA), Anti-Money Laundering (AML) regulations, and Fair Lending laws.
• Effective communication and people skills, with the ability to collaborate with cross-functional teams. Excellent analytical, problem-solving and decision-making skills.
• Detail-oriented with a strong commitment to accuracy and integrity.
• Ability to work independently, gather data, compile information, prepare reports and prioritize tasks in a demanding environment.
• Ability to establish and maintain professional relationships with individuals of varying social and cultural backgrounds and with co-workers and colleagues at all levels.
• Knowledge of nonprofit accounting principles and regulations (e.g., GAAP, IRS regulations) is desirable.
• Ability to maintain confidentiality and meet strict timelines and frequent time sensitive priority requests.
• Knowledge of MS Office including Word, Excel, Power Point, MS Teams.
• Strong influencing skills and perseverance in investigating.

Preferred Requirements:

• Professional certifications (e.g., CFA, CPA, CPM, Internal Audit) are a plus.
  
• Experience in dealing with compliance issues and audit process is preferred.
• Must pass a criminal background investigation prior to employment.

Physical Demands:

While performing the duties of this job, the employee is regularly required to sit and stand; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee frequently is required to walk. The employee occasionally is required to stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision requirements include close vision, distance vision, color vision, and depth perception.

Working Conditions:

Work is typically performed in an office with a moderate noise level. Evening and/or weekend work may be required.

RCAC is an equal opportunity employer and considers all employees and job applicants without regard to race, religion, color, gender, sex, age, national origin, disability, veteran status, sexual orientation, gender identity or marital status, or any other status protected by law. RCAC strives to reflect the diverse constituencies that the organization serves.