Compliance Analyst I

Overview

To research, analyze, interpret, recommend and enforce Navy Federal policies and practices that ensure compliance with relevant local, state, federal and other regulatory requirements and case law.

Responsibilities

• Formulates policies, procedures and instructions that ensure compliance with local, state, federal and other regulatory requirements
• Researches, analyzes and interprets regulatory compliance laws, opinions and court decisions and provides findings to management
• Conducts risk assessment, draws conclusions, develops solutions and alternatives, and makes recommendations to management
• Advises management on the interpretation of new and pending laws and regulations
• Monitors changes in local, state, federal, and other regulatory requirements
• Prepares and/or revises compliance policies, procedures and documentation
• Creates, reviews and analyzes new and existing policies, procedures or other operational materials
• Maintains compliance documents and regulatory rationale for changes
• Ensures communication and implementation of company compliance policies, procedures and instructions
• Directs implementation of compliance programs across the organization, functional area and/or geographic region
• Creates and/or participates in the development of compliance education and training
• Participates/conducts compliance training sessions
• Consults with business units in the review and interpretation of new and pending laws and regulations
• Functions as a liaison between departments in compliance matters
• Monitors, measures and analyzes effectiveness of compliance programs and education
• Develops, monitors and administers compliance activities including systems and/or processes for addressing alleged violations of the compliance program
• Participates in internal and external compliance testing and audits
• Prepares responses to regulators, internal and external audits as well as management inquiries.
• Consults with management on the enforcement of the compliance program.
• Ensures that compliance training is conducted and attendance tracked
• Manages projects for a department and/or business unit(s)
• Establishes effective and collaborative project teams, facilitates/coordinates project work within and across business units, partners with technical project lead as appropriate, ensures project deadlines are met and implementation and results are achieved as designed
• Defines, develops and manages/oversees project related plans, business requirements, scope, resources, costs, issues, prioritization, decisions, risks, external contracts, and internal service agreements
• Keeps the project team and its stakeholders informed and manages expectations (includes e-grams, letters, notices, etc.)
• Formulates, prepares and/or revise policies and procedures
• Interpret regulations
• Perform risk analysis/ assessment of potential impact
• Consolidate research, prepare/draft compliance policies, procedures and recommendations
• Advise appropriate authority of regulatory changes
• Monitor regulatory changes
• Ensure communication and implementation
• Review, interpret and communicate laws & regulations for dissemination across the organization
• Participate in and/or may lead the development of compliance training & education
• May conduct compliance training
• Respond to compliance questions
• Communicates both internally across divisions & externally with outside agencies & various levels of contacts
• Monitor, measure and analyze effectiveness
• Develop report models & templates
• Participate in audits
• Conduct internal compliance reviews
• Consolidate data, prepares audit information and responses
• Advise management and/or employees about alleged violations & potential solutions
• Alerting of enforcement issues and takes enforcement actions as directed
• Lead portions of projects, projects of smaller impact and/or participate in projects
• Performs other related duties as assigned

Qualifications

• Experience assessing compliance issues with experience in implementation and communications.
• Exposure to relevant local, state, federal and other regulatory requirements.
• Demonstrated ability to clearly and effectively communicate complex issues both verbally and in writing.
• Experience using PC applications and internet based technology to conduct research.
• Some project management experience.
• Ability to perform with a high level of accuracy and safeguard confidential information.
• Analytical and research skills with demonstrated ability to assimilate and interpret laws and data.
• Effective organizational skills with the ability to multi-task, work independently and as a team member, and exercise independent judgment in establishing priorities.

Desired Qualifications

• Specialized knowledge of relevant local, state, federal and other regulatory requirements.
• Experience in legislative staff work
• Extensive compliance analysis experience
• Advanced/thorough knowledge of compliance issues in the financial services industry
• Internal Navy Federal project portfolio management "PPM" knowledge
• Internal credit union knowledge operation/processes and procedures
• Certification in related area of compliance certification
• Bachelor's degree in business or public administration, management, operations analysis, legal studies, or related field or equivalent work experience

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Ln, Vienna, VA 22180

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