Compliance Expert

ELGA Credit Union

Compliance Expert

Department : Compliance

Reports To : Compliance Operations Officer

Classification : Non-Exempt

Supervises Direct : 0

Supervises Indirect : 0

Role :

To be knowledgeable in all regulations pertaining to credit union operations. To assist in ensuring credit union is in compliance with all regulations. Assists BSA Officer in developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program. Supports Compliance Officer and guides BSA Specialists.

Essential Functions & Responsibilities :

35% - Reviews reports associated with BSA. Investigate CDD / EDD alerts produced by BSA software, decides on further action if appropriate. Identifies suspicious activity (Red Flags) in the reviews process. Reviews documentation for certain high-risk accounts & performs all DD Reviews.

15% - BSA / AML Marijuana Related Business Program & Money Service Business monitoring and support. Monitors changes in laws, regulations and trends. Maintains files and shares information to the appropriate departments.

15% - Identifies and completes required reports for filing of Suspicious Activity. Attends the SAR Committee meetings to determine if the filing of a Suspicious Activity Report (SAR) is warranted.

15% - Performs auditing duties such as audit / exam document prep, maintenance report reviewing and internal audits.

10% - Attends assigned Project Management meetings and assists in the Compliance for development of project.

10% - Maintains credit union disclosure documentation & other duties assigned.

Performance Measurements :

1. To meet established expectations of ELGA's Core Factors including but not limited to Accountability, Attitude, Communication, Competence, Continuous Improvement & Innovation and Relationship Building.

2. To assist in the development and administering aspects of the Back Secrecy Act Compliance Program including additional Credit Union Compliance.

3. To complete audit duties including but not limited to : audit / exam document prep, maintenance report reviewing and internal audits.

Knowledge and Skills :

Experience : Three years to five years of similar or related experience.

Education : (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

Interpersonal Skills : Work involves contact with persons beyond immediate associates regarding routine matters for the purpose of giving or obtaining information which may require some discussion. Outside contacts take the form of service to the public (members or vendors), requiring ordinary courtesy in providing assistance and information

Other Skills : Motivated and self directed with limited supervision, Organizational Skills with attention to detail, Proficient in MicroSoft Word and Excel, Excellent communication skills both written and verbal

Work Environment : Work is primarily conducted in the office with flexibility for occasional remote work.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.