Compliance Specialist

Description: Under general supervision and in accordance with Credit Union policies and procedures, state, and federal regulations, and accepted professional standards manages compliance and internal auditing programs to minimize risk exposure and ensure adherence to sound internal controls. Performs/ assists with financial, compliance and operational audits. Documents pertinent testing and results for further evaluation. Serves as the Credit Union’s Compliance Specialist.

Responsibilities:

·   Prepares audit work papers to document relevant information obtained, analyzed, and evaluated that support audit observations, conclusions and recommended policy and procedural changes.

·   Performs audit procedures including branch audits and reviewing transactions, documents, records, reports, policies and procedures for accuracy, effectiveness, and compliance.

·   Reviews established systems to ensure compliance with procedures, policies, laws, and regulations governing the Credit Union; recommends corrective action/improvement as needed.

·   Assists in coordination and support for on-site examinations and independent audits.

·   Supports the Supervisory Committee with periodic reviews of Credit Union operational areas.

·   Serves as the Compliance Officer and Security Officer.

·   Provides guidance and recommendations for compliance-related procedures and disclosures; reviews and approves procedures and disclosures with compliance-related implications.

·   Responsible for assigned audit functions as well as reporting findings to supervisor.

·   Conduct quality control on all new accounts, dormant accounts, and address changes monthly; provide report to management.

·   Assist staff with Compliance related topics as needed

·   Review various daily reports to ensure credit union policy and procedures are followed.

·   Review IRA and internal tax files for accuracy.

·   Review IRA guidelines and stay updated on new IRA regulations.

·   Responsible for reviewing deceased account funds disbursements, guardianship requests, possible fraudulent transactions, and other unusual requests.

·   Assist with staff training as requested by supervisor.

·   Evaluate the credit union’s security guidelines, risk management policies, procedures, products, and programs to ensure compliance with applicable laws and regulations. Make recommendations for change where appropriate.

·   Assess risk potential of current loss protection and risk management procedures, and institute new procedures that manage and control risks and losses.

·   Develop or assist in the development of compliance training programs.

·   Develop and ensure implementation of database and record retention policies and procedures for classified information in accordance with the regulation and laws.

·   Ensure that audit processes will stand up to outside scrutiny.

·   Participates in job-related training and employee meetings as required.

·   Assists in special projects and performs other duties as assigned.

Required Skills and Qualifications:

·    Excellent interpersonal relations and leadership skills, sound work ethic, and “can-do” attitude.

·    Strong communication skills (written and verbal), time management, organization/prioritization, and negotiation, conflict resolution and  problem-solving skills.

·    Ability to work effectively under pressure to meet deadlines.

·    BSA or Compliance Certification

·    Must be able to sit or stand for extended time periods, lift up to 25 pounds, bend and stretch.

·    Must be able to see, hear and use a telephone and read, write, speak, and type English fluently.

Education and Other Requirements:

·   Bachelor’s degree in business or related field from an accredited university preferred.

·   At least two to four years’ financial institution and compliance experience preferred (credit union experience is a plus).

·   Equivalent combination of education, skills, qualifications, and experience will be considered.

·   All applicants must have a clean criminal background and credit check.