What are the responsibilities and job description for the Compliance Analyst position at General Electric Credit Union?
Compliance Analyst
General Electric Credit Union is a not-for-profit, member-owned full service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky. At GECU, we pride ourselves on maintaining quality service, being an employee-friendly workplace, and developing our team members while teaching you the skills to lead you to career advancement opportunities.
Overview:
The Compliance Analyst will assist the Compliance team in administrating the Credit Union’s overall compliance program, ensuring compliance with the rules and regulations and internal policies and procedures.
Essential Responsibilities:
- Perform daily, weekly, and monthly monitoring and provide results to the Lines of Business for coaching and improvement opportunities
- Maintain responsibility for all facets of the Bank Secrecy Act (BSA), Anti-Money Laundering efforts, USA PATRIOT Act, and OFAC
- Manage Anti-Money Laundering software, file Suspicious Activity Reports (SAR) and Currency Transaction Reports (CTR) as necessary
- Review advertising pieces from the Marketing Department for compliance as needed
- Communicate with other lines of business to develop, maintain and/or update various policies, procedures, and manuals of the Credit Union
- Read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
- Routinely attend educational events and/or training to stay well-informed of Compliance and Regulatory updates and changes
- Research laws and regulations pertinent to General Electric Credit Union
- Communicate with departments to help keep them abreast of any relevant regulatory or legal changes
- Offer Compliance team suggestions of innovative approaches to problem solving while continuing to prioritize urgent issues
- Audit and analyze systems and processes to ensure compliance with internal and external standards
- Assist in the Credit Union’s Vendor Management Program
- Contributes to team effort by accomplishing other tasks as needed
Education and Experience:
- High School diploma or GED required; Bachelor’s degree in Accounting, Business Administration or related field preferred
- 2-4 years of experience in legal, compliance, audit or banking/credit union compliance laws and regulations required
Knowledge, Skills, and Abilities:
- Maintain excellent verbal communication skills
- Strong written communication skills to write reports, business correspondence, and procedure manuals
- Proficient computer skills with the ability to use Microsoft Office Suite and the internet for legal research purposes
- Acute attention to detail with strong analytical and organizational skills
- Good interpersonal skills to collaborate effectively with other lines of business in the Credit Union to help maintain a compliant environment
- Must understand and comply with all federal and state regulations associated with this position
At GECU, we want to support your wellbeing by offering a wide range of benefits:
- Health, Dental and Vision insurance
- Life and Disability insurance options
- Paid Time Off starts accruing once hired and take your birthday off - paid
- 401k Retirement plan with up to a 10% match of your base gross compensation
- Tuition reimbursement opportunities & professional development
- Volunteer opportunities -and earn additional PTO hours!
- On-site clinics for Vaccines and Mammograms
And many more!
Come join GECU as we are a curated culture of respect, understanding, and mutual recognition. We believe forming bonds and connecting with each other only stands to strengthen the service we provide to our members in our mission of improving the Quality of Financial lives!
General Electric Credit Union is an Equal Opportunity Employer
