April 12, 2016
PolicyWorks announces the addition of two employees. Desiree Fosnaugh has been hired as senior compliance officer and Andy Johnson as compliance specialist.
Fosnaugh joins PolicyWorks following eight years in corporate compliance with a large credit union in Sacramento, California. She also has compliance experience with a mutual bank in Stockton, California. Fosnaugh’s expertise extends the full spectrum of regulatory compliance management.
Johnson joins PolicyWorks with more than four years with the executive resolution team at Wells Fargo Home Mortgage in Des Moines, Iowa. He worked in a variety of capacities, including working with regulators, state government and federal congressional offices auditing work and handling complaints within the mortgage division.
Frequent regulatory changes impact credit union operations, policies and more. Fosnaugh and Johnson’s combined knowledge of internal controls and policies, Bank Secrecy Act (BSA), and Anti-Money Laundering (AML) help them assist credit unions in answering their day-to-day compliance questions, identifying and assessing compliance problems, as well as identifying weaknesses and turning findings into a program for ongoing compliance before the examiner’s next visit.
“The compliance needs of our credit unions and league partners continue to grow, and along with that so does the expertise and experience of our team. The addition of Desiree and Andy brings even more bench strength to assist credit unions with day-to-day implementation and understanding of federal laws and regulations,” stated Cindy Williams, vice president of regulatory compliance at PolicyWorks.