As the Vice President of Compliance at Lake Michigan Credit Union (LMCU), Carla M. Grice plays a pivotal role in ensuring that the institution adheres to a comprehensive Corporate Compliance Program, as well as the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) initiatives. With...
As the Vice President of Compliance at Lake Michigan Credit Union (LMCU), Carla M. Grice plays a pivotal role in ensuring that the institution adheres to a comprehensive Corporate Compliance Program, as well as the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) initiatives. With a robust portfolio of $4 billion in assets, LMCU operates across the lower Peninsula of Michigan and parts of Florida, making Carla's expertise in regulatory compliance all the more critical in navigating the complexities of financial regulations across diverse markets.
In her current role, Carla is responsible for the meticulous oversight of the credit union's compliance framework, which includes the review and approval of marketing campaigns to ensure they align with regulatory standards. She also manages essential regulatory reporting and provides direct support to all lines of business, including mortgages, correspondent mortgages, consumer lending, and operational activities. Her extensive knowledge in areas such as Know Your Customer (KYC), Office of Foreign Assets Control (OFAC) regulations, and operational risk management allows her to effectively mitigate compliance risks while fostering a culture of integrity and accountability within the organization.
Key projects under Carla's leadership include the enhancement of LMCU's BSA and AML programs, where she has implemented innovative strategies to strengthen the institution's defenses against financial crimes. By leveraging her skills in banking operations and compliance, Carla ensures that LMCU not only meets regulatory requirements but also maintains a strong reputation for ethical practices in the financial services industry. Her commitment to continuous improvement and proactive compliance measures positions LMCU as a leader in the financial sector, dedicated to safeguarding its members' interests while navigating the evolving regulatory landscape.
