Compliance And Audit Specialist

Company	Gfa Federal Credit UnionSee more
Address	Gardner, MA
Form of work	Full-time
Salary	$54,080 - $58,240 a year
Category	Accounting/Finance

Job description

Each employee at GFA Credit Union plays an important role in achieving our mission of improving the quality of life for our members and those communities we serve. At the same time, provide the best financial services…making GFA our members’ primary financial institution of choice.

Position Description

Job Title: Compliance / Audit Specialist

Department: Risk

Salary Grade: TBD

FLSA Status: Non-Exempt

Reports to: VP BSA & Compliance Officer

Position Summary:

Assists in the design and implementation of risk management policies and practices to identify, document, and mitigate sources of risk throughout the organization. Supports the Compliance Officer with operational and compliance audits to ensure that credit union’s policies and practices are in accordance with Federal/State regulations.

Essential Functions and Responsibilities:

Maintain up-to-date knowledge of relevant banking regulations and industry best practices.
Disseminate information regarding deposit Compliance and upcoming regulatory changes to appropriate staff.
Serves as a resource for credit union staff regarding compliance issues and related inquiries.
Work with department managers to document risks as well as recommend ways to control and reduce level of risk.
Provide assistance in developing procedures, worksheets, and reports to ensure areas of risk are properly identified and documented credit union wide. Assist in reviewing loan and deposit form and documents.
Perform internal reviews that validate compliance strengths and identify compliance weaknesses based on an established schedule. Prepare reports that provide recommendations for improving processes, policies and procedures. Perform ongoing monitoring to comply with regulatory Compliance and bank policies.
Coordinate the internal audit schedule with management, including documentation and follow-up of all outstanding comments from the Credit Union’s Auditor.
Conduct periodic testing of higher risk comments for continued compliance. Responsible for gathering and uploading audit requested items in a timely manner and maintain task list of all open and closed audit and examination comments.
Other duties as assigned by management

Knowledge and Skills:

Excellent analytical skills, including the ability to define problems, collect date, establish facts and draw valid conclusions.
Excellent ability to read, analyze and interpret government regulations, trade journals, and legal documents.
Strong analytical abilities, problem solving skills, and statistical analysis.
Excellent written, verbal and presentation skills.
Strong organizational skills with ability to multi-task.
Ability to work collaboratively across various departments.
Must be able to work independently.
Capable of effectively presenting information to varied audiences.
Ability to participate and adapt to changes in fast-paced environment.
Ability to plan, organize, and follow-through on initiatives to completion with attention to detail.
Extensive knowledge of bank operations, policies, and procedures.
Ability to respond to common inquiries from regulatory agencies, and outside consultants.

Physical Requirements:

General Office Environment

Management reserves the right to change this job description without notice

By signing this job description, I acknowledge that I have thoroughly reviewed it and understand the expectations of the position as outlined. I also acknowledge that my employment with GFA Federal Credit Union is “at will” and that this description does not constitute a contract of employment.

____________________________________________ ______________________

Employee Signature Date

GFA Federal Credit Union is an equal opportunity employer

Job Type: Full-time

Pay: $54,080.00 - $58,240.00 per year

Benefits: