What are the responsibilities and job description for the Compliance Analyst - Deposit Operations position at Safety National?
SOME OF OUR EMPLOYEE BENEFITS :
Tuition Reimbursement to Advance Your Education
Paid Time Off & Federal Holidays
On-Site Fitness Center (Operations Building)
Partial Reimbursement for Gym Memberships
Professional Development & Leadership Programs
401(k) Retirement Plan with up to a 5% Match and an additional 5% Profit Sharing
Health Savings Account, Dental Coverage, Vision
Short-Term and Long-Term Disability at no cost to Employees
- AND MORE!
SUMMARY
Under the supervision and oversight of the AVP of Compliance, the Compliance Analyst is responsible for assisting and supporting the credit union in the execution of the Compliance Management System (“CMS”) including, completing annual risk assessments, performing compliance monitoring and testing, determining degrees of compliance, identifying regulatory risk issues, and providing subject matter expertise, guidance, and technical assistance. The Compliance Analyst will act as a back-up for the other Compliance Analysts. This position prioritizes deposit and operations compliance activities toward areas identified as having the highest levels of legal and regulatory risk to the credit union.
ESSENTIAL DUTIES AND RESPONSIBILITIES :
SUPERVISORY RESPONSIBILITIES
None.
PERFORMANCE STANDARDS
Display excellent written and verbal communication skills when interacting with senior management, the Board of Directors, the Supervisory Committee, all personnel, members, auditors, and examiners. Maintain professional composure, objectivity and fairness when dealing with conflicts and sensitive matters. Display attention to detail, ability to multi-task and meet established deadlines. Exhibit sound judgment, critical thinking and problem solving skills. Maintain collaborative relationships with all departments. Demonstrate professional care and the highest standards of professional competency. Support a strong sense of teamwork and commitment to mentoring and serving others.
QUALIFICATION REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Regulatory Requirements : Your position has specific procedures that must be followed to comply with Privacy Act, Office of Foreign Assets Control (OFAC), and Bank Secrecy / Patriot Act. You will receive annual training to keep you current on any changes to these policies / procedures to assure compliance. Failure to comply with procedures may cause termination of your position as well as possible monetary penalties from the federal regulatory agency.
EDUCATION AND / OR EXPERIENCE
Bachelor’s degree or equivalent work experience.
Minimum of five (5) years prior financial institution, or similar experience in related.
Minimum of three (3) years prior consumer compliance experience, or similar experience in related field.
Minimum of two (2) years of deposit and payments compliance experience, or similar experience in related field.
Extensive knowledge and understanding of financial institution deposit operations, payments and electronic banking activity and other banking functions. Experience with NACHA, Reg E, Reg D, Reg CC, Reg DD, Privacy Act, the E-Sign Act requirements, NCUA Insurance regulations, overdraft guidance, garnishments and state escheat laws required.
Knowledgeable of compliance laws, rules, regulations (with a special emphasis on consumer protection regulations), such as UDAAP, FCRA, and any other regulations.
LANGUAGE SKILLS
Ability to read, analyze and interpret and communicate regulatory information and technical procedures relating to a credit union operation. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, directors, employees, and members as required.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
REASONING ABILITY
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret a variety of regulatory and technical instructions in abstract and concrete variables.
CERTIFICATES, LICENSES, REGISTRATIONS
OTHER SKILLS and ABILITIES :
Ability to operate a PC to access the credit union's accounting system, member account information, spreadsheets, and on-line is required. Basic input, output, error correction, general ledger account structure knowledge essential to be able to perform the job is required.
Basic proficiency in Microsoft Office (Work, Excel, Power Point and Outlook) is required. Annually complete and achieve passing scores on various SAFE FCU Policy, Procedure, Development and Enhancement Curriculum.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand, walk, reach with hands and arms, climb or balance and stoop, kneel, crouch or crawl.
Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus. Occasionally lift / and or move up to 35 pounds.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually low to moderate.
MENTAL DEMANDS
The mental characteristics necessary to competently perform this job include the need to occasionally use basic and complex numeric calculations, persuasiveness, and creativity, to frequently use resourcefulness and problem solving and to continuously use analyzing skills.
