COMPLIANCE SPECIALIST

Job Description

Job Description

POSITION DESCRIPTION:

COMPLIANCE SPECIALIST

Department : COMPLIANCE

Classification: Non-Exempt

Reports to: Compliance Manager

GENERAL DESCRIPTION:

The Compliance Specialist is responsible for assisting in the compliance of all operations, communications, documentation, operational systems, and service administration per applicable federal and state laws, National Credit Union Administration regulations, and the Credit Union bylaws.

ESSENTIAL FUNCTIONS:

Performs essential duties and responsibilities in the following areas which may include, but are not limited to those listed, and are subject to change:

Assumes responsibility for CTFCU’s compliance with all applicable laws, rules, regulations, and policies.

1. Supports the daily of compliance -related duties including but not limited to monitoring and analyzing daily reports/alerts.
2. Determines and performs next steps as a result of the initial alert review such as placing appropriate holds where needed, maintaining files and documenting investigative activities on all alerts.
3. Assist the Compliance Officer in the areas of Bank Secrecy Act/Anti-Money Laundering, OFAC, US Patriot Act, MIP, Quality Control, and reviewing policies, procedures, and risk assessments.
4. Maintains comprehensive knowledge of all credit union products, services, policies, and procedures.
5. Attends regulatory compliance training and roundtables to stay up to date on regulatory changes
6. Reviews and understands regulatory materials, announcements and related publications on an ongoing basis
7. Works with the Compliance Officer to ensure appropriate and timely measures are taken to implement legal and regulatory changes with may affect policy and/or procedures
8. Maintains a strong knowledge of credit union operations and regulations, and proficiently applies this knowledge when performing assigned tasks
9. Complies compliance reports based on facts and evidence, and provides data to Compliance/Fraud Manager
10. Serves as an entry point for identification of larger fraudulent schemes, and works with others within the Compliance/Fraud department to quickly identify fraud tactics and take action to prevent potential losses.
11. Ensures the organizations core values are applied during communication with members and employees and are executed through daily functional processes. Make a strong commitment to enhance the organizational culture.
    1. Complies with all federal, state, and organizational policies, procedures, and processes, including (but not limited to) the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC).

Assumes responsibility for ensuring that professional business relations exist with volunteers, vendors, and trade professionals.

1. Ensures requests, questions, and problems are courteously and professionally resolved. Ensures communications are efficient and effective.
2. Ensures the CTFCU’s professional reputation is maintained both internally and externally.

Assumes responsibility for establishing and maintaining effective communication and coordination with Company personnel and with management.

1. Attends and participates in meetings as required.
2. Assists and informs departments as needed
3. Keeps Senior Management informed of fraudulent activities and significant problems
4. Completes special projects and miscellaneous assignments as required.
5. Stays current on programs and procedures

PERFORMANCE MEASUREMENTS

1. Employee communication is effectively coordinated and communicated
2. Complies all Bank Secrecy Act guidelines in within guidelines
3. Implement legal and regulatory changes are taken in appropriate and timely measures

1. Exhibits ongoing commitment to the enactment of organizational core values.

QUALIFICATIONS

1. 3 years + of Banking experience, with knowledge of financial institution compliance regulations.
2. Strong background in Teller/Branch Operations or Fraud Prevention and/or Collections
3. Exceptional communication skills (verbal and written)
4. Displayed sense of ownership in relation to attitude and actions, assignments and event outcomes
5. Extensive computer and Microsoft Office applications experience, to include PowerPoint, Excel, Outlook

1. Exceptional research skills, technical writing skills, and analytical skills
2. Maintain confidentiality around associate and member-related events and high-profile investigations.
3. Ability to influence when making recommendations to others.
4. Ability to prioritize events in an ever-changing, fast-paced environment.
5. Some overnight travel maybe required.

DISCLAIMER AND ACKNOWLEDGEMENT

Position descriptions possess the essential functions and basic duties of the role. Peripheral tasks may have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements contained above be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. Position descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law. Equal Opportunity Employer: M/F/Disability/Veteran.

I have received a copy of the above position description and understand the role’s expectations for performance. I understand that should I have questions or need additional directions, it is my responsibility to seek clarification and/or assistance from my direct supervisor.