Risk Analyst

Position:Risk Analyst

Salary Range: $24.18 to $36.27

FLSA Classification: Non-Exempt

Founded in 1958, Foothill is a not-for-profit, member-owned, $720 million-strong cooperative financial institution serving more than 30,000 members. We focus on providing quality member service to our 300+ SEGs, including six hospitals, fourteen school districts, two colleges, seventeen private schools, businesses, and municipalities in the San Gabriel Valley.

Serving our members with excellence and exceeding expectations is at the forefront of our business, and we can happily share that Foothill has been ranked a five-star financial institution by Bauer Financial. Bauer only recommends institutions with four- and five-star ratings. We are amongst the highest of our peers.

Foothill Credit Union is a community advocate and strives to partner with other businesses and organizations dedicated to community involvement. We often participate in events and fundraising efforts benefiting the schools and organizations we serve to give back to our members and community.

Awards

CUNA 2021 Member Benefits Top Performance for delivering a direct benefit of $690 per member household.

Benefits:

We offer a competitive compensation package, including benefits such as health, dental, and vision insurance, vacation time off, retirement plans, and professional development opportunities.

Health Insurance Coverage (Medical, Dental, and Vision)

401(k) Plan with dollar-for-dollar match (up to 6%)

Profit-Sharing Plan

Flexible Spending Account

Life and AD&D Insurance

Paid Time-Off Program

Educational Reimbursement Program

Paid Holidays

Special Recognition Programs

Referral Program

Foothill Credit Union is an Equal Opportunity Employer and does not discriminate against any team member or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state, or local protected class.

Summary: This position is responsible for monitoring, analyzing, and escalating issues and concerns related to compliance, fraud prevention, and risk management activities to mitigate exposure to potentially fraudulent activities, ensure credit union compliance, and serve as the credit union’s audit gatekeeper.

Essential Duties and Responsibilities: Additional functions and requirements may be assigned by supervisors as deemed appropriate.

· Develop, maintain, and lead risk analysis for assigned projects and initiatives related to compliance improvements, remediation, risk mitigation, and design/build of new compliance processes.

· Responsible for monitoring, analyzing, and escalating issues and concerns related to BSA, AML, OFAC, and the USA Patriot Act components of the credit union’s BSA Program while utilizing sound and current compliance industry standards and practices.

· May assist in developing new and/or updated policies and procedures related to BSA, AML, OFAC, and the USA Patriot Act credit union.

· Play a vital role as a liaison with team members throughout the credit union and with Learning and Development related to BSA, AML, OFAC, and the USA Patriot Act training, compliance, and practices.

· Under the guidance of the RCM, carry out compliance monitoring, internal controls risk assessments, and an internal control testing program, ensuring that adequate processes, procedures, and internal controls promote an effective compliance control environment.

· Perform scheduled and periodic testing of overall business processes and controls for implementing and managing the credit union’s products and services, including geographic considerations to identify compliance gaps and potential risk exposure.

· Analyze and evaluate compliance risks and recommend changes to policies, procedures, and processes to ensure risk-based and appropriate controls are instigated and maintained reasonably.

· Communicate and escalate (as assigned) identified BSA, AML, OFAC, and USA Patriot Act operational concerns to the appropriate management level.

· Partner with business units and leadership to develop departmental policy and procedures, including BSA, AML, OFAC, and USA Patriot Act compliance findings identified in risk assessments, internal audits, and/or regulatory examinations.

· Perform testing of moderate to complex components of assigned engagements within the Financial Crimes Compliance Monitoring Program and/or Annual Test Plan

· Implement, manage, and track Foothill’s audits, compliance, and risk assessments in partnership with the risk and compliance manager.

· Maintain an up-to-date master compliance audit follow-up log for outstanding related audit items.

· Perform daily activities in assigned functional areas, prioritize, complete multiple activities, and resolve problems as they arise.

· Maintain up-to-date knowledge of credit union policies, procedures, and industry best practices.

· Conduct internal audits and ongoing reviews of the credit union’s controls, operating procedures, and compliance with policies, procedures, and regulations.

· Perform analysis of suspicious activity and make appropriate recommendations.

· Exercise independent judgment in identifying issues and assessing risk; articulate control deficiencies clearly and concisely to management.

· Assists with or performs special investigations or audits as assigned.

· Maintain appropriate levels of confidentiality.

· Performs other duties as assigned or requested.

Other Skills and Abilities:

· Demonstrated ability to prepare clear and concise written recommendations.

· Must possess effective verbal and written communication skills.

· Must have advanced knowledge and experience with Windows, Word, Excel, and other computer applications.

· Thorough knowledge of applicable federal and state financial regulations

· Solid analytical and problem-solving skills

· Attention to detail and highly observant.

· Creative and able to develop innovative solutions to complex issues.

· Maintain a positive and professional behavior and image with credit union members, staff, and management.

· Work remotely without onsite supervision; regularly travel within the branch network.

· Ability to work with diverse personalities and populations.

· Able to lead through influence in a collaborative environment by motivating, developing, and directing team members.

· A valid California Class C Driver’s License, a method of transportation when needed to carry out job-related essential functions, and at least minimum automobile insurance coverage as required by the State of California

Experience/Education Requirements:

· Bachelor’s degree in business administration, Criminal Justice, or related field; or equivalent combined education and work experience of a minimum of four (4) years of work-related experience

· Minimum of three (3) years of experience in a related regulatory compliance position

· Minimum of three (3) years of experience in a BSA-specific role and/or regulatory reporting at a financial institution or credit union is preferred.

· BSA Testing or audit experience preferred.

· Working knowledge of credit union/banking operations and government regulations

Desirable certifications in the following areas:

A credit union compliance expert of a similar designation is preferred.