Senior Designated Compliance Analyst SDCA - Investment Compliance

overview

title: senior designated compliance analyst (sdca)
status: exempt
report to: vp - corporate compliance
department: compliance
job code: 11819

pay range: $ - $ annually

general description: the senior designated compliance analyst (sdca) will support the vp of compliance in maintaining adherence to applicable g1 s records retention program parameters and corresponding regulations. The analyst will play a key role in the development, implementation, and second line of defense (2lod) oversight of records management compliance policies. This position will collaborate closely with the first line of defense (1lod) business units to ensure work practices meet regulatory requirements and uphold the credit union s high standards.

This position offers an opportunity to work in a dynamic and fast-paced environment, where contributions will directly impact g1’s compliance posture and operational success. The sdca has the authority to investigate and report regulatory compliance concerns or findings to management and make recommendations for corrective action.

• monitor and analyze applicable regulations at the federal and state levels.
• provide proactive guidance to business units (1lod) through ongoing support, projects, and marketing reviews.
• provide subject matter expertise in the development of corporate compliance policies and ensure alignment with 1lod teams.
• actively participate in annual and ongoing risk assessment campaigns as a subject matter expert, including complex risk areas, providing effective check & challenge to 1lod teams.
• oversee the storage and secure destruction of records according to the retention schedule (paper and electronic).
• provide guidance to all lines of defense on the proper handling, storage, and disposal of records.
• collaborate with the enterprise applications team on the installation of hardware and software that supports the electronic document management system (edms).
• work closely with first- and second-line teams throughout golden 1 to determine the best business process for the systematic preservation of the total life cycle of records using both manual and automated methods.
• provide policy and procedural support for business continuity planning and data recovery purposes (corporate policies 2:08 backup and recovery and 3:10 business continuity planning).
• assist with developing compliance training content to ensure staff understanding and adherence to applicable regulations consistent with the credit union’s risk tolerance.
• participate in the preparation of compliance reports for senior management and regulatory bodies.
• understand core business activities, risks, and products to effectively guide 1lod teams and support the credit union’s compliance program.
• collaborate with other compliance teams to ensure harmony in approach to compliance matters and processes.
• play an active role in the presentation of the credit union’s evidence of compliance during external exams, audits, and other regulatory interactions.
• provide guidance and support on projects and initiatives, with a focus on those which pose a higher level of compliance risk and complexity.

• effective oral and written communication skills required to prepare and present recommendations, perform analysis and accomplish other functions as required.
• must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone.

• internal: all levels of management and staff.
• external: vendors and peer groups, legal counsel, regulators.

• education: bachelor’s degree or equivalent work experience.
• experience: 7+ years of experience as a financial services professional in consumer protection regulatory compliance, internal audit, external audit, financial services operations, or consumer protection compliance program development/evaluation.
• knowledge / skills:
• extensive knowledge of compliance laws, rules, and regulations,…