Sarah Stevenson, CAMS
Battle Creek,MI
Summary
Dedicated and driven credit union professional with over 18 years of experience in Regulatory Advocacy, Bank Secrecy Act, Anti-Money Laundering, Compliance, and Financial Operations. Result-driven with a forward-thinking approach.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Vice President, Regulatory Affairs
National Association Of State Credit Union Supervisors
05.2022 - Current
- Bank Secrecy and Anti-Money Laundering expert and point of contact
- Staff liaison to various NASCUS policy committees
- Responsible for oversight and review of regulatory developments in credit union system at state and federal level including NCUA, FinCEN, and CFPB
- Prepare summaries of rules and supervisory guidance from various agencies
- Prepare comment letters on proposed rules on behalf of credit union system
- Work in close coordination with NASCUS education and professional development, state programs, legislative advocacy, membership, and communications functions
- Collaborate with senior management to develop strategic initiatives and long-term goals
Corporate Activities and Risk Assessment Manager
State Of Michigan, DIFS
08.2020 - 04.2022
- Responsible for oversight and processing of corporate activity applications submitted to Office of Credit Unions. Activities included but were not limited to mergers, charter conversions, bylaw amendments, purchases and acquisitions.
- Monitored, tracked and analyzed credit union industry trends such as net worth, deposit and loan growth, and delinquency.
- Prepared and reviewed industry reports for DIFS leadership
- Researched and reviewed proposed regulations and supervisory guidance
- Developed regulatory resource tools
- Conducted staff training
- Established team priorities, maintained schedules and monitored performance
- Assisted in organizing and overseeing assignments to drive operational excellence
Sr. Director, Regulatory Affairs
Michigan Credit Union League & Affiliates
12.2012 - 08.2020
- Responsible for federal and state regulatory and legislative advocacy efforts on behalf of Michigan credit union industry
- Worked directly with federal and state regulatory agencies and federal and state lawmakers to discuss key issues of impact on industry with specific attention paid to importance of strong dual chartering system between state and federal credit unions
- Developed Cannabis Banking Toolkit and Guidance for industry
- Developed whitepaper addressing Internal Fraud and Risk Mitigation
- Managed and oversaw MCUL Credit Union Compliance Helpline
- Researched and reviewed proposed regulations and supervisory guidance and drafted summaries for industry stakeholders
- Drafted comment letters to regulatory agencies on behalf of industry
- Worked closely with legislative affairs team on proposed legislation and statutory amendments
- Coordinated advocacy efforts with national trade associations
- Identified and monitored emerging issues and trends
- Conducted outreach through various industry committees
- Collaborated with Education team, developed and presented information at various industry events
- Supported Enterprise Risk Management, Compliance, and Third-Party Vendor Oversight.
Compliance Manager
OMNI Community Credit Union
06.2005 - 12.2012
- Responsible for development and implementation of credit union’s Bank Secrecy Act and overall compliance program and internal audit program
- Bank Secrecy Act Officer and liaison with DIFS and NCUA
- Conducted regulatory, policy, and compliance audits to assess effectiveness of compliance procedures and controls
- Conducted Annual Bank Secrecy Act Training
- Conducted studies for management to identify potential risk exposure to existing or pending compliance regulation and coordinate with appropriate staff in developing effective response
- Oversaw Vendor Management Program
- Performed branch cash, signage, and security audits
- Maintained schedule for examination of all compliance requisites.
Education
Master of Arts - Organizational Management
Spring Arbor University
Spring Arbor, MI12.2012
Bachelor of Fine Arts - Art History
Adrian College
Adrian, MI05.2005
Skills
- Rules and Regulations
- Team Engagement
- Verbal and Written Communication
- Training
Certification
Certified Anti-Money Laundering Specialist (CAMS)
Credit Union Enterprise Risk Management Expert (CUERME)
Timeline
Vice President, Regulatory Affairs
National Association Of State Credit Union Supervisors
05.2022 - Current
Corporate Activities and Risk Assessment Manager
State Of Michigan, DIFS
08.2020 - 04.2022
Sr. Director, Regulatory Affairs
Michigan Credit Union League & Affiliates
12.2012 - 08.2020
Compliance Manager
OMNI Community Credit Union
06.2005 - 12.2012
Master of Arts - Organizational Management
Spring Arbor University
Bachelor of Fine Arts - Art History
Adrian College
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