Senior Compliance Specialist

Senior Compliance Specialist

This is an exciting opportunity to join our strong compliance team, but first, here is a little bit about Elements Financial:

WE MAKE MONDAYS MORE ENJOYABLE.

There are many ways to describe the Elements culture: fun, meaningful, supportive, and full of opportunities. See here for more information - https://www.elements.org/careers/our-culture/

Today we serve the employees of 150+ organizations around the U.S. We currently rank among the top 3% of credit unions nationally with 100,000+ members. We have the resources, staff, and expertise to support our members with unparalleled service and leading-edge technology.

Now let's get into this exciting role!

This is a hybrid role that requires some on-site work (inside our Indianapolis, Indiana office). In addition to the on-site duties, there are additional responsibilities that can be completed outside of the office, resulting in this being a hybrid role.

Elements Financial is a Best Place to Work because our employees are empowered to Be the Expert, Live the Purpose, and Grow the Business. Our Purpose is to Empower Members to Achieve Financial Success.

This position is part of the Compliance Team.  As a credit union, Elements is subject to significant laws, rules and regulations issued from various entities.  While each member of management is responsible for understanding and complying with all applicable laws, rules and regulations, the Compliance Team provides interpretation, analysis and understanding of such, analyzes procedures and transactions for compliance impact, and serves to monitor and facilitate compliance with all applicable laws, rules, and regulations. 

You will learn how to be the expert to best serve our members:

         Provide analysis and interpretation of laws, rules, and regulations for the business areas of the credit union to address compliance questions, issues, and requirements, including conducting compliance research.

         Perform targeted regulatory compliance reviews and report results in a timely manner.

         Monitor responses to compliance review and exam findings to ensure they address root causes and are appropriately implemented and assists the internal audit area with same for audit and exam findings.

         Maintain awareness of regulatory trends, changes in regulatory compliance, laws, and rules and regulations and report to AVP of Compliance and Risk Management potential impacts on Elements or risks.

         Preparation for external regulatory reviews, audits, and exams.

You will make a difference as you live out our purpose:

         Review credit union forms, notices, advertisements, website, etc. for compliance with state and federal laws and regulations.

         Actively participate in task forces, project teams, and meetings to bring the compliance perspective to the discussion.

         Provide critical backup on key functions within the compliance team including HMDA data gathering, verification and reporting.

         Perform all other duties as assigned.

You will help grow the business:

         Maintain a proficient knowledge of legislative and regulatory developments, including completion of ongoing compliance training.

         Collaborate with and provide consultation to internal clients and leaders to develop their understanding of changes required to remain in compliance with changing regulatory requirements.

         Development and delivery of compliance related training.

You will continue to grow professionally:

         Continue to develop knowledge of industry practices, products, and professional growth.

         Participate in appropriate learning opportunities to maintain expertise.

         Develop and grow relationships with industry peers.

Minimum Requirements:

         Bachelor's degree and/or ten or more years of experience in financial services industry regulatory compliance.

         Financial Institution Regulatory Compliance certification preferred.

         Detailed knowledge and understanding of laws and regulations that apply to financial institutions, specific knowledge of credit union requirements a plus.

         Ability to research and interpret state and federal laws and regulations and regulatory guidance.

         Effective interpersonal skills.

         Analytical skills to review policies, procedures, and transactions of varying complexity to identify regulatory impact.

         Ability to work on multiple tasks while maintaining attention to detail and time-sensitive deliverables.

         Strong collaboration and communication skills.

         Ability to leverage skills, knowledge, and experience to invest in the community.

         Ability to foster an inclusive environment that promotes belonging.

         A focus on respect and excellent service to both external and internal (team) members.

         A proven track record of integrity with a demonstrated ability to build trust.

         High degree of accuracy and attention to detail.

         Ability to deal with difficult situations in a professional manner.

         Ability to grasp technical information quickly.

         Ability to determine the root cause of issues and to analyze report responses to determine if the responses are adequate.

         Ability to work well individually and as a team member.

         Self-motivated and results oriented with the ability to work with limited direction.

         Good judgment and decision-making skills.

         Proficient with Microsoft Word, Excel, Teams.

Pay Range: $73,410 - $110,120, plus additional bonus compensation