SACU announced the formation of the SACU Risk Advisory Services (RAS) department, according to Les Sachanowicz, corporate counsel and SACU Director of RAS. This department incorporates the duties and responsibilities related to regulatory and legal monitoring, loss prevention, internal audit, operational quality control, and government relations. As of July 1, 2011, the SACU Risk Management and CUFBL Compliance functions were integrated into the new department.
Regulatory & Legal Monitoring
Ric Ledezma heads the Regulatory & Legal Monitoring group with Jim Peters as Loss Prevention Advisor. This group enhances already existing credit union compliance and legal initiatives to help ensure that the credit union's regulatory and legal efforts are effective.
Internal Audit
Al Fernandez continues to serve as the Assistant Director of Internal Audit. Internal Audit will continue to provide independent and objective assurance services designed to add value, improve internal controls, and strengthen the credit union's operations.
Operational Quality Monitoring
Chris Jacobs will lead the Operational Quality Monitoring (OQM) group as of October 3, 2011. Jacobs will be accountable for developing, implementing and provide continuous improvement of the quality monitoring functions within SACU.
Government Relations
Yvonne De La Rosa, Government Relations Officer and Keni-Jo (KJ) Johnson, Government Relations Administrator, will officially join the team on October 3, 2011.