Risk & Compliance Analyst

ESSENTIAL JOB FUNCTIONS:

1. Compliance Functions

• Review and conduct in-depth analysis on regulatory and legal changes affecting financial institutions to determine applicability and impact to CU1.
• Research regulatory/legal questions for other departments as assigned.
• Prepare and present analysis summaries and findings to CU1 management to assist in decision-making.
• As assigned, independently work with CU1 departments to implement legal requirements and to ensure changes to products, services, and processes comply with applicable legal requirements.
• Create and manage compliance programs and training programs.
• Assist with and review advertisement, forms, letters, and disclosures for other departments as assigned to ensure compliance with applicable legal requirements.
• Assist with and prepare revisions to Credit Union disclosures.
• Assist with and prepare written reports and analysis for Compliance management.
• Assist on projects, exams, audits, and other tasks as assigned.
• Provide excellent service to all internal and external Members.
• Manage projects required to implement regulatory and legal changes, including setting project goals, coordinating efforts between multiple departments, and monitoring for effectiveness.
• Manage compliance reviews calendar and complete the reviews as assigned. Assist in the implementation of recommendations to findings as outlined above.

1. Policy, Procedure, and Standard Compliance
   
   • Monitors credit union compliance with adopted policy, procedure, or standard. This includes adherence by the credit union to the respective document and ensuring periodic reviews are completed by the respective oversight function (Board or Management). Informs VP of Risk & Compliance on compliance issues/concerns that affect the credit union.
   • Completes policy, procedure, or standard compliance reviews based on an annual compliance review plan approved by the VP of Risk & Compliance.
   • Reports on results of policy, procedure, or standard compliance reviews and provides recommendations for any areas of improvement to the VP of Risk & Compliance.
   • Assists VP of Risk & Compliance with the completion of policy, procedures, or standard review reports to stakeholders.
2. Risk Management
   
   • As assigned, independently work with CU1 departments to identify and mitigate risks to the line of business, including compliance, business continuity, and internal controls.
   • Collect and prepare information for business continuity planning.
   • Reports on results of enterprise risk reviews and provides recommendations for any areas of improvement to the VP of Risk & Compliance.
   • Assists the CFO or VP of Risk & Compliance with documentation of the enterprise risk management system in work papers and software.
   • Assists the CFO or SVP of Risk & Compliance with Risk Management Committee Meeting reports.
   • Monitors Risk Assessment Calendar, communicating with Management as Assessments come due.

ADDITIONAL RESPONSIBILITIES:

1. Maintain up to date knowledge of industry rules and regulations and have the capability of translating such expectations to management.
2. Refers questionable and/or sensitive issues to the VP of Risk & Compliance.
3. Shows high-level competency in and adherence to Compliance and Enterprise Risk Management policies and procedures.
4. Shows high-level competency in using the Enterprise Risk Management and Risk Assessment software. Escalates and identified issues with the vendor.
5. Meet completion standards and timelines as established for assigned duties within the department.
6. Performs other duties as assigned.

QUALIFICATIONS:

• Bachelor's degree is preferred in business administration, accounting, or related focus is preferred.
• Minimum of two (2) years' of experience internal or external auditing experience is required.
• Minimum of three (3) years' experience in risk management and/or compliance is preferred.
• Job experience commensurate to educational and risk management/compliance experience will be considered.
• Compliance Officer Certification (NCCO, CUCE, or equivalent) is desirable
• Responsible for abiding and complying with the policy for compliance with the Bank Secrecy Act and anti-money laundering laws and regulations (BSA/AML), the policy for compliance with the Office of Foreign Assets Control (OFAC) laws and regulations and the Fair and Accurate Credit Transactions laws and regulations.

Please note: Credit Union 1 does not provide relocation assistance. If selected for an on-site position, candidates will be responsible for relocating to Alaska prior to the agreed upon start date at their own expense.
Only applicants who meet the minimum requirements for this position will be considered for an interview. This position is open until filled.
Thank you for your interest in the opportunity with Credit Union 1!
Background Screening Statement: Candidates selected for a position at Credit Union 1 will be subject to a criminal background check prior to their employment. An offer of employment may be rejected or terminated based on receipt of an unacceptable background screening.
EEO Statement: Credit Union 1 provides equal employment opportunities to all employees and applicants for employment, prohibiting discrimination and harassment of any type without regard to race, color, religion, sex, age, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identify or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
E-Verify Statement: Credit Union 1 participates in E-Verify and will provide the federal government with your form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, Credit Union 1 is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before Credit Union 1 can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer an completed the Form I-9. For more information on E-Verify, or if you believe that Credit Union 1 has violated its E-Verify responsibilities, please contact DHS at 888-897-7781 or dhs.gov/e-verify.