What are the responsibilities and job description for the Compliance Analyst position at AmeriCU Credit Union?
Compliance Analyst
Location: 1916 Black River Blvd, Rome NY, 13440
Salary Range- $24.63- $30.78 per hour, actual rate will depend on experience.
Status: Full-Time
Remote Status: Onsite for initial training and then potential for Hybrid schedule after that.
Who Are We?
AmeriCU is a not-for-profit credit union based in Rome, NY with assets in excess of $2.7 Billion and serving a membership base of over 170,000 members across Central New York, the United States, and beyond. For 75 years we have been committed to our members, our employees, and our communities. In 2024 we were once again recognized as one of the Best Companies to Work for in New York State and recognized by American Banker as one of the best credit unions in the United States to work for, ranking 27 out of 70!
The Position:
Consistent with the credit union mission of building connections and providing our members the right financial services to live life, dream big and achieve financial success, the Compliance Analyst will:
- Assist as directed by the Compliance Manager and VP, General Counsel with the evaluation of the credit union’s compliance with consumer protection laws and regulations such as: marketing rules and regulations, Electronic Funds Transfer Act (Reg E), Expedited Funds Availability Act (Reg CC), Truth-In-Savings (NCUA Rules and Regulations Part 707), NCUA Lending Regulation, Truth-In-Lending Act (Reg Z) , RESPA, Fair Lending Laws and Regulation, Equal Credit Opportunity Act (Reg B), Fair Housing Act, Home Mortgage Disclosure Act, and all New York State Laws applicable to NY State-Chartered Credit Unions.
- Stay up-to-date and assist as directed with ensuring ongoing compliance with Privacy and Security rules and regulations such as: those promulgated by the Office of Foreign Asset Control (OFAC), the Bank Secrecy Act, UDAAP, TCPA, Privacy of Member Information, Information and Data Security and any other applicable laws, rules, or regulations.
- Support Compliance Manager and VP, General Counsel as directed, ensuring compliance with fair lending laws and regulations by conducting periodic self-testing with the data analytic software and preparing testing reports and results.
- As directed by the Compliance Manager and VP, General Counsel may assist with the review of member-facing communications and documents to ensure compliance with regulations regarding credit union advertising and public communications.
- Assist with compliance projects and the management of the Compliance Monitoring System (CMS) at the direction of the Compliance Manager or the VP, General Counsel to ensure the Credit Union is adhering to relevant regulatory requirements.
What you will do:
As a Compliance Analyst your primary responsibilities will include the following:
- Maintains and stays abreast of relevant regulatory compliance requirements.
- Assists as directed with the review of member-facing communications and documents to ensure compliance with regulations regarding credit union advertising and public communications.
- Assists as directed with the maintenance of the Compliance Management System (CMS) including the reporting and tracking of implementing regulation updates, compliance related tasks involving tracking for execution of ongoing required periodic regulatory activities and notifications.
- Assists as directed to act as a resource to personnel for Regulation E & Regulation Z disputes.
- At the direction of the Compliance Manager or VP, General Counsel assists with the execution of regulatory changes, and new regulation.
- At the direction of the Compliance Manager or VP, General Counsel, monitor resolutions implemented from external audit and exam findings.
- At the direction of the Compliance Manager or VP, General Counsel, assists with updating or creating new compliance procedures.
- Works closely with the Compliance Manager to support and conduct the periodic Statistical Fair Lending Data Analysis.
- As a member of the Fair Lending Committee, assists as directed by the Compliance Manager with the monthly underwriting decision testing and loan exceptions testing process for fair lending compliance purposes.
- Assists as directed by the Compliance Manager and VP, General Counsel with the monitoring of compliance-related key risk areas including internal testing and review of disclosures and notices to ensure the credit union procedures, and policies and being followed and disclosures are being provided accurately as required.
- At the direction of the Compliance Manager and VP, General Counsel, holds the primary responsibility of facilitating updates to the credit union disclosures made though the document vendor which includes document retention and maintaining disclosure tracking records.
Come grow with us!
Whether you are just starting out or have been working in your field already, we offer opportunities for growth and advancement. It is our goal to hire employees who will provide exceptional service to our members and who value giving back and supporting the communities we serve. In addition, we offer the following benefits:
Competitive rates on our Medical, Dental and Vision plans
Generous contribution to your Health Savings Account, if you choose to enroll in one of AmeriCU’s High Deductible Health plans
Paid Holidays
Paid Time off – Vacation, Personal or Sick and Birthday
Employee Appreciation Events
401(k) Matching after 1 year of employment
Employee Assistance Program
Tuition Reimbursement for Full-time employees after 1 year of employment
Life Insurance & Accidental Death & Dismemberment Insurance, free to all Full-time employees
Enhanced Short Term Disability – at no cost to you!
Get to know us more by clicking on the links below. See why YOU should choose AmeriCU!
https://www.americu.org/in-our-community/
https://www.americu.org/why-americu/
Salary : $25 - $31
