Compliance Analyst, Finance & Banking

Role: Reporting to the Director of Compliance, the Compliance Analyst is responsible for carrying out the daily compliance functions of the Compliance Management Program. He or she will review operational activity to determine compliance with applicable rules and regulations as well as internal policies and procedures. The Compliance Analyst is also responsible for monitoring member activity and filing reports related to the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) while serving as a resource on compliance topics to operational staff.

The Compliance Analyst will also complete various projects pertaining to the Compliance department and/or other matters deemed appropriate.

• Coordinate responses and action for subpoenas, garnishments, receiverships and other legal requests in a timely manner; this includes researching, retrieving, organizing, and submitting requested items and communicating the required transactions and file maintenance to relevant staff.
• Complete daily tasks related to BSA and OFAC compliance; this includes submitting timely regulatory filings, regularly reviewing activity, performing research as needed, and escalating fraud activity to the appropriate department.
• Assist in various internal reviews of credit union procedure and activity to detect deficient controls, duplicative efforts, fraud, and noncompliance with state and federal regulation, bylaws, and credit union policy; (e.g., reviewing operational reports, performing research, interviewing staff, etc.)
• Monitor for and execute regulatory updates by researching, notifying, and assisting management with implementation.
• Serve in an advisory capacity to credit union staff for compliance and risk related inquiries.
• Assist in the development and maintenance of compliance departmental procedures and operational procedures.
• All other duties as assigned.

Experience: A minimum of 2 years of financial institution compliance experience.

Education: High School Diploma. Willingness to obtain a compliance certification within 1 year of accepting the position. Current industry compliance certification preferred.

Interpersonal

Skills:

Work involves extensive communication with others and can involve information that is sensitive in nature. The ability to communicate with tact and maintain confidentiality are essential.

• Analytical, research, and critical thinking skills are essential in this role.
• Leadership and communication skills.
• Ability to plan and coordinate concurrent tasks.
• Must be proficient in Microsoft Office products, including but not limited to Word, Excel, and Outlook.

While performing the duties of the job, the employee is regularly required to:

• Position self to move about the work area.
• Ability to travel to various branch locations as needed.

Work is performed in an office environment.