Compliance Coordinator

Purpose:

Responsible for ensuring the credit union operates within legal, regulatory, and ethical standards while supporting compliance-related operations. This role includes assisting with Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) responsibilities, backing up the Fraud Analyst and BSA Specialist, and managing levies, subpoenas, and other legal documents.

Duties and Responsibilities

• On an on-going basis, review laws and regulations that impact the Credit Union’s compliance requirements.
• Serve as backup for the BSA Specialist and Fraud Analyst, assisting with monitoring suspicious activity reports (SARs), currency transaction reports (CTRs) and fraud investigations.
• Analyze reports for suspicious activity as it relates to check kiting, account fraud, wire transfers, anti-money laundering, Automated Clearing House (ACH) transactions, loan fraud and plastics fraud.
• Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
• Research and investigate possible activity on accounts to include reporting activity to appropriate law enforcement officials.
• Collaborate with the Fraud Analyst to investigate, document, and report fraudulent activity.
• Review transaction monitoring alerts and escalate issues as necessary.
• Handle levies, garnishments, subpoenas, and other legal documents, ensuring timely responses and proper documentation.
• Perform periodic compliance audits and tests to verify adherence to internal policies and regulatory requirements.
• Assist in preparing and submitting compliance-related reports to management and regulatory agencies.
• Assist with compliance-related training and updates to staff, ensuring understanding of legal and regulatory responsibilities.
• Assist with compliance risk assessments and implementation strategies to mitigate regulatory risks.
• Assist in maintaining and updating compliance policies, procedures, and training material.
• Assist with the development of materials to educate employees about fraud prevention, legal obligations, and BSA/AML compliance.
• In conjunction with Verafin, prepare summaries for assessment activities for management and senior management use.
• Collaborate with management to implement and update compliance programs.
• Assist in other assigned duties.

Critical Knowledge Skill and Educational Requirements:

• Three to five years’ experience involving fraud, risk management and/or compliance in a financial institution.
• Two-year college degree in Business, Finance, or related fields. Additional experience may be considered in lieu of education.
• Professional certifications such as Credit Union Compliance Expert (CUCE) or Certified Bank Secrecy Act Professional (CBSAP) are a plus.
• Must have prior knowledge of the Bank Secrecy Act.
• Ability to maintain confidentiality and handle sensitive information ethically.
• Knowledge of credit union/banking procedures as they relate to money management and money movement.
• Ability to collect, analyze and interpret financial data.
• Excellent analytical, organizational, and problem-solving skills.
• Knowledge of the fundamentals of banking and financial services delivery.
• Knowledge of cash management, expenditures, and disbursement processes.
• Excellent oral, written, and telephone communication skills.
• Capable of working independently and collaboratively in a team environment.
• Strong communication skills, both verbal and written.
• Ability to apply basic statistical techniques.
• Knowledge of Microsoft Office products, including Word, Excel and PowerPoint.
• Must pass all credit and bond requirements.
• Prior credit union experience is preferred.

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Normal office environment where there is little discomfort or exposure to hazards due to temperature, dust, noise, etc.
• While performing the duties of this position, the employee is regularly required to walk; use hands and fingers, reach with hands and arms.
• The employee consistently is required to stand and sit, view computer screen, talk and hear, and lift/move up to 10 pounds.