What are the responsibilities and job description for the Compliance Specialist position at Extra Credit Union?
Role: We are seeking a dedicated and detail-oriented Compliance Specialist to join our team. The ideal candidate will support the Compliance Officer to develop, implement, and administer all aspects of the Bank Secrecy Act (BSA) compliance program. He/she will support the investigation of fraudulent, illegal, or improper activity by internal or external means and the prevention and recovery of losses sustained by such activities.
Essential Functions & Responsibilities
- Responsible for daily review of credit union BSA transaction monitoring software. Transactions are inclusive of all credit union delivery channels. Acknowledge and review all alerts documenting investigation of accounts for suspicious activity and fraud. Utilize software for reporting and analyzing trends and report any fraudulent or suspicious activity to the Compliance Officer. Understand all aspects and capabilities of BSA software to maximize its effectiveness for credit union operations.
- Assist in completing internal control reviews, report monitoring, and audits including but not limited to high-risk account monitoring, credit dispute review, and cash audits.
- Identify suspicious activity and currency transactions that warrant required regulatory report filings. Assist in completing required reports within established deadlines.
- Participate in new product development and project meetings and provide expertise as well as ongoing information about new and changing developments. Identify efficiencies in processes and tasks.
- Support and contribute to the overall Credit Union goals and objectives.
- Assist the Compliance Officer in staying abreast of regulatory changes and ensure these changes are trained and implemented.
- Perform other duties as assigned.
Knowledge and Skills
- One to three years of similar or related experience.
- Minimum high school diploma or GED; post high school education preferred.
- A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and is usually of a sensitive nature.
- Exceptional verbal and written communication skills are required when working with internal external contacts.
- Investigative work requires attention to detail, clear documentation, and problem resolution.
Job Type: Full-time
Pay: $18.00 - $26.00 per hour
Expected hours: 35 – 40 per week
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- Day shift
- Monday to Friday
Work Location: Hybrid remote in Warren, MI 48092
Salary : $18 - $26