Compliance Specialist

Job Overview
We are seeking a dedicated and detail-oriented Compliance Specialist to join our team. The ideal candidate will be responsible for ensuring that our organization adheres to regulatory standards and internal policies. The Compliance Specialist will play a key role in project management, research, and the development and communication of controls.

Duties

• Identifies and mitigates risk exposure to the Credit Union’s assets which includes fraud prevention and detection through the review of notifications, reports, and other information including investigations of new accounts, checks, ACH/wires, loans, credit and debit fraud, etc.
• Reacts quickly and efficiently across all departments when trends emerge and notifies appropriate credit union employees in a timely manner.
• Initiates contact with members and employees to discuss account activity and provides recommendations and education related to fraud prevention and security.
• Researches, investigates, and processes cases of fraud and other crimes against the Credit Union and our members.
• Documents fraud cases and investigations thoroughly and accurately that may aid in prosecution against individuals who have caused a financial loss to the credit union as applicable.
• Assists in monitoring the BSA program and provides quality control in such areas as BSA, OFAC, FinCen (including preparing SAR's and CTR's)
• Monitors and analyzes member activity and conducting complex investigations related to Bank Secrecy Act potential violations. Regularly monitor and able to identify SAR activity.
• Regularly run OFAC and 314a checks, researching any and all matches; research any unusual activity identified through CU staff.
• Ensures Currency Transaction Report reviews are conducted daily and completes all CTR processing efforts with FinCEN.
• Ensures company compliance with all operational regulations.
• Assists during periodic compliance audits.
• Maintains accurate tracking, supporting documentation requirements and ensures all BSA related reporting is completed within established regulatory requirements.
• Participates in the maintenance, development and/or creation of policies and procedures as it relates to compliance and fraud as assigned.
• Conducts business continuity reviews with each branch/department.
• Analyzes and documents the impact of any new laws and regulations, or amendments to existing regulations, on current operations and new products and services.

Requirements

• Proven experience in compliance management, particularly within the Credit Union sector.
• Some knowledge of compliance, fraud, and/or security as it relates to the financial industry.
• Ability to handle multiple tasks simultaneously.
• Background in quality assurance practices and procedures.
• Experience in fraud mitigation in deposits, loans, and cards a plus.
• Strong analytical skills with attention to detail for conducting thorough research.
• Excellent communication skills, both written and verbal, for effective collaboration across departments.
• Ability to work independently as well as part of a team in a fast-paced environment.
• Ability to effectively present information in one-on-one, or small and large group situations to other employees, members, and potential members.
• Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or governmental regulations, financial reports and legal documents.
• Ability to understand and apply financial concepts and to add subtract, multiply and divide in all units of measure using whole numbers, common fractions, and decimals.
• Excellent working knowledge of all Microsoft Office programs, including but not limited to Excel, Word and PowerPoint.
• Exceptional problem solving, critical thinking and researching skills.
• Possess a significant level of diplomacy, integrity, confidentiality and trust.

If you are passionate about ensuring regulatory compliance and have the necessary skills, we encourage you to apply for this vital role within our organization.

Job Type: Full-time

Pay: From $19.00 per hour

Expected hours: 40 per week

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Work Location: In person

Salary : $19