What are the responsibilities and job description for the Compliance Specialist II position at Wescom Credit Union?
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Current Wescom Employees: Please visit the Career Center in Workday to search and apply for a current job opening.
We value and rely on the unique talents and contributions of our employees to absolutely excel in member engagement by Delivering Signature Experience.
Salary Grade:
160E
Salary Pay Range for This Position:
$100,878.00 - $151,368.00
POSITION SUMMARY:
The Compliance Specialist II will be responsible for the performance of compliance reviews on internal processes and procedures to support ongoing regulatory compliance with consumer financial regulations. Under the direction of Sr. Compliance Specialists and Management, assists supported departments with compliance related activities including regulatory research, reviews of policies and procedures, and marketing/communication collateral reviews, and project/initiative support to ensure ongoing compliance with laws and regulations.
ESSENTIAL POSITION FUNCTIONS:
Participate in the maintenance and continued improvement of the Credit Union’s Compliance Program.
Independently review marketing collateral and member communications to ensure compliance with applicable regulations.
Promote compliance awareness across the organization by establishing and maintaining relationships with key business lines and functional stakeholders.
Maintain a thorough understanding of state and federal laws and regulations related to regulatory consumer protection compliance.
Evaluate complaints and compliance concerns for possible corrective action. Report complaints and remediation recommendations to credit union management.
Perform detailed compliance review tasks, document the results and report to management regarding the adequacy of ongoing compliance efforts.
Assist with monitoring, tracking, and reporting changes to state and federal laws, regulations, rules, and providing guidance to business owners, compliance management, and senior managers.
Prepare compliance reports by collecting, analyzing, and summarizing information in order to deliver accurate and reliable information for decision-making.
Performs other compliance and risk management related duties as assigned.
Committed to Wescom’s Mission and Vision Statements, and Core Values.
Performs other compliance related duties as assigned.
EDUCATION, EXPERIENCE, SKILLS AND ABILITIES:
High School Diploma Or Equivalent Experience Required.
Previous financial industry and customer service experience preferred.
Bachelor's Degree preferred.
Five or more years of regulatory compliance and/or internal audit experience in a financial institution.
Credit Union Compliance Certification required or must obtain within first year of employment.
Excellent written and verbal communication skills. Possess strong research, investigative, and analysis skills.
Ability to read, understand and interpret compliance and regulatory language for staff inquiries.
Ability to recognize actions or policies that may result in a liability to the credit union. Apply critical thinking skills to arrive at appropriate conclusions and propose effective solutions.
Effectively seeing issues through to resolution.
Ability to work independently or with minimal supervision.
Must possess the ability to read, analyze, and interpret various financial reports, and legal documents; respond to common inquiries or issues from business units.
Exercises discretion when performing duties assigned.
Safeguards confidential information and uses sound business judgment. Must be a self starter and self-motivated to meet job expectations and goals.
Requires broad knowledge of the compliance and regulatory requirements for the financial services industry.
Ability to read, understand and interpret compliance and regulatory language for staff inquiries.
Ability to recognize actions or policies that may result in a liability to the credit union.
Apply critical thinking skills to arrive at appropriate conclusions and propose effective solutions.
Must possess the ability to read, analyze, and interpret various financial reports, and legal documents; respond to common inquiries or issues from members and regulatory agencies.
Exercises discretion when performing duties assigned.
Safeguards confidential information and uses sound business judgment.
Must be a self-starter and self-motivated to meet job expectations and goals.
COMPUTER SKILLS:
Proficient in Microsoft applications (Word, Excel, Outlook). Must be proficient in technology applications including the Credit Union’s operating system and specialized software required for performance of position.
Ability to use specialized software.
Familiarity with the Symitar system and reports is highly desirable.
MATHEMATICAL SKILLS:
Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rates, ratios and percentages, and to draw and interpret bar graphs. Ability to operate a financial (business) calculator.
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. While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle or feel; reach with hands and arms, climb or balance, stoop kneel, crouch, crawl; talk or hear and taste or smell. The employee must occasionally lift and/or move up to 20 pounds. Vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
WORK ENVIRONMENT:
This position may qualify as Remote or Hybrid with a home base at one of Wescom’s offices. The Remote or Hybrid status may be discontinued by Wescom in its sole discretion at any time and for any reason or no reason, with or without notice by Wescom or Employee.
The work environment characteristics described here are representative of those an employee encounters while performing functions of this job.
The noise level in the work environment is moderately quiet. It is a non-smoking environment.
The above job requirements are representative of minimum levels of knowledge, skills, and abilities. The marginal functions have not been included. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description in no way implies that these are the only duties to be performed. An employee will be required to follow any other job-related instructions and duties as requested by the supervisor and/or management.
If you are applying for a Hybrid/Remote position, please note applicants are required to reside within our Wescom service areas which are defined as the following counties: Los Angeles, Orange, San Bernardino, Riverside, Ventura, Santa Barbara, San Diego, Imperial ,Fresno, Kern, Kings, Madera, Merced, Mariposa, Monterey, San Benito, San Joaquin, San Luis Obispo, Santa Cruz, Stanislaus and Tulare counties.
Current Wescom Employees: Please visit the Career Center in Workday to search and apply for a current job opening.
We value and rely on the unique talents and contributions of our employees to absolutely excel in member engagement by Delivering Signature Experience.
Salary Grade:
160E
Salary Pay Range for This Position:
$100,878.00 - $151,368.00
POSITION SUMMARY:
The Compliance Specialist II will be responsible for the performance of compliance reviews on internal processes and procedures to support ongoing regulatory compliance with consumer financial regulations. Under the direction of Sr. Compliance Specialists and Management, assists supported departments with compliance related activities including regulatory research, reviews of policies and procedures, and marketing/communication collateral reviews, and project/initiative support to ensure ongoing compliance with laws and regulations.
ESSENTIAL POSITION FUNCTIONS:
Participate in the maintenance and continued improvement of the Credit Union’s Compliance Program.
Independently review marketing collateral and member communications to ensure compliance with applicable regulations.
Promote compliance awareness across the organization by establishing and maintaining relationships with key business lines and functional stakeholders.
Maintain a thorough understanding of state and federal laws and regulations related to regulatory consumer protection compliance.
Evaluate complaints and compliance concerns for possible corrective action. Report complaints and remediation recommendations to credit union management.
Perform detailed compliance review tasks, document the results and report to management regarding the adequacy of ongoing compliance efforts.
Assist with monitoring, tracking, and reporting changes to state and federal laws, regulations, rules, and providing guidance to business owners, compliance management, and senior managers.
Prepare compliance reports by collecting, analyzing, and summarizing information in order to deliver accurate and reliable information for decision-making.
Performs other compliance and risk management related duties as assigned.
Committed to Wescom’s Mission and Vision Statements, and Core Values.
Performs other compliance related duties as assigned.
EDUCATION, EXPERIENCE, SKILLS AND ABILITIES:
High School Diploma Or Equivalent Experience Required.
Previous financial industry and customer service experience preferred.
Bachelor's Degree preferred.
Five or more years of regulatory compliance and/or internal audit experience in a financial institution.
Credit Union Compliance Certification required or must obtain within first year of employment.
Excellent written and verbal communication skills. Possess strong research, investigative, and analysis skills.
Ability to read, understand and interpret compliance and regulatory language for staff inquiries.
Ability to recognize actions or policies that may result in a liability to the credit union. Apply critical thinking skills to arrive at appropriate conclusions and propose effective solutions.
Effectively seeing issues through to resolution.
Ability to work independently or with minimal supervision.
Must possess the ability to read, analyze, and interpret various financial reports, and legal documents; respond to common inquiries or issues from business units.
Exercises discretion when performing duties assigned.
Safeguards confidential information and uses sound business judgment. Must be a self starter and self-motivated to meet job expectations and goals.
Requires broad knowledge of the compliance and regulatory requirements for the financial services industry.
Ability to read, understand and interpret compliance and regulatory language for staff inquiries.
Ability to recognize actions or policies that may result in a liability to the credit union.
Apply critical thinking skills to arrive at appropriate conclusions and propose effective solutions.
Must possess the ability to read, analyze, and interpret various financial reports, and legal documents; respond to common inquiries or issues from members and regulatory agencies.
Exercises discretion when performing duties assigned.
Safeguards confidential information and uses sound business judgment.
Must be a self-starter and self-motivated to meet job expectations and goals.
COMPUTER SKILLS:
Proficient in Microsoft applications (Word, Excel, Outlook). Must be proficient in technology applications including the Credit Union’s operating system and specialized software required for performance of position.
Ability to use specialized software.
Familiarity with the Symitar system and reports is highly desirable.
MATHEMATICAL SKILLS:
Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rates, ratios and percentages, and to draw and interpret bar graphs. Ability to operate a financial (business) calculator.
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. While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle or feel; reach with hands and arms, climb or balance, stoop kneel, crouch, crawl; talk or hear and taste or smell. The employee must occasionally lift and/or move up to 20 pounds. Vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
WORK ENVIRONMENT:
This position may qualify as Remote or Hybrid with a home base at one of Wescom’s offices. The Remote or Hybrid status may be discontinued by Wescom in its sole discretion at any time and for any reason or no reason, with or without notice by Wescom or Employee.
The work environment characteristics described here are representative of those an employee encounters while performing functions of this job.
The noise level in the work environment is moderately quiet. It is a non-smoking environment.
The above job requirements are representative of minimum levels of knowledge, skills, and abilities. The marginal functions have not been included. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description in no way implies that these are the only duties to be performed. An employee will be required to follow any other job-related instructions and duties as requested by the supervisor and/or management.
If you are applying for a Hybrid/Remote position, please note applicants are required to reside within our Wescom service areas which are defined as the following counties: Los Angeles, Orange, San Bernardino, Riverside, Ventura, Santa Barbara, San Diego, Imperial ,Fresno, Kern, Kings, Madera, Merced, Mariposa, Monterey, San Benito, San Joaquin, San Luis Obispo, Santa Cruz, Stanislaus and Tulare counties.
Salary : $100,878 - $151,368
