What are the responsibilities and job description for the Compliance Specialist position at 3Rivers Federal Credit Union?
Compliance Specialist
Reports To : AVP of Risk Management
Location : Corporate, Onsite
Position Type : Non-Exempt
Individual Contributor
Position Summary
The Compliance Specialist is responsible for timely execution of compliance management efforts, as well as facilitating and assisting with compliance related matters and projects. In addition, they prioritizes to ensure BSA and OFAC regulatory compliance are in alignment with the needs of 3Rivers. Conducts and verifies OFAC scans of existing members to ensure party is not on the Specially Designated Nationals List (SDN). Analyzes and follows case management of alerts through Financial Crime Management software.
Reviews established compliance procedures for effectiveness and utilization by team members. Partners with team members when changes need to be implemented. Leverages resources by monitoring cash transactions and filing of CTRs and submitting them to a government agency to safeguard against potential money laundering and other financial crimes.
Administers enhanced due diligence as appropriate.
Knowledge Requirements
- Knowledge of Bank Secrecy Act, OFAC, US Patriot Act and other applicable laws and regulations
- Strong interpersonal and communication skills
- Exceptional attention to detail
- PC Proficient (including MS Word and Excel)
- Excellent oral and written communication skills and problem solving skills
- Willingness and ability to learn on the job
- Strong analytical skills
- Ability to collect data, establish facts and draw valid conclusions
- Adheres to all federal, state and credit union regulations and policies.
Work Environment & Physical Effort Required
Normal
Education and / or Experience
Core Values
Commitment - Be all in.
Consistency - Be all in EVERY DAY.
Innovation - Think (UYH) and ASK WHY.
Integrity - Do the RIGHT thing, not the easy or quick thing.
Quality - Do an OUTSTANDING job, don't run out of GAS.
Trust - Hold trust and be trustworthy.
Value - Make members lives better, easier, safer; help them fulfill dreams; help them to do what they don't know how to or think isn't possible even if it's not here (see integrity above); make them wiser; help them build wealth (beyond saving $$)
