Compliance Analyst

American Heritage Credit Union, a $5+ billion credit union, has an immediate opening for a Compliance Analyst.

This position will support the Enterprise Risk and Compliance department in the following areas: Compliance System Management, Bank Secrecy Act (BSA), quality control, account reviews, transaction analyses, high-risk account enhanced due diligence, compliance reviews, and administrative duties. Conduct routine and ongoing branch training as needed and work with front-line staff to ensure Office of Foreign Assets Control (OFAC) compliance. Promote a positive work environment through the resolution of broad-based compliance issues.

RESPONSIBILITIES INCLUDE:

• Provide financial reporting and analysis of commercial lending operations on a requested case-by-case basis, including researching and interpreting data, making recommendations, and monitoring commercial loan performance.
• Assist Compliance Manager in developing, implementing and monitoring a comprehensive compliance management program to ensure the credit union follows all laws and regulations.
• Serve as a backup to the Compliance Manager and assist with the compliance management system, compliance training, and third-party vendor management program.
• Conduct periodic reviews of existing policies and procedures to ensure accuracy, efficiency, and effectiveness in accordance with evolving regulations, legal requirements, and industry trends.
• Monitor the systems and controls in place to ensure compliance and prompt reporting compliance exceptions with recommendations for remediation to management.
• Track compliance issues and remediation plans. Perform follow-up to ensure proper remediation or escalate unresolved or overdue items to Compliance Manager. Must be thoroughly familiar with internal compliance issues and risk identification and be able to provide recommendations.
• Follow formal corrective action procedures to ensure compliance with policies and procedures and to avoid future issues.
• Ensure day-to-day credit union compliance to various laws and regulations including but not limited to the following: Age Discrimination in Employment Act of 1967 (ADEA), Americans with Disabilities Act (ADA), Anti-Money Laundering (AML), Customer Identification Program (CIP), Red Flag Identity Theft Prevention Program, Customer Due Diligence (CDD), FinCEN, Electronic Fund Transfer Act (EFTA or Reg E), Equal Credit Opportunity Act (ECOA or Reg B), Equal Employment Opportunity Act of 1972, Employment Retirement Income Security Act (ERISA), Expedited Funds Availability Act (EFA or Reg CC), Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), Fair Housing Act (FHA), Family and Medical Leave Act (FMLA), Flood Hazard Insurance, Funds Availability Act (Regulation CC), Home Mortgage Disclosure Act (HMDA or Reg C), Occupational Safety and Health Act (OSHA), Office of Foreign Assets Control (OFAC), Patriot Act (USA PATRIOT), Privacy Act, Real Estate Settlement Procedures Act (RESPA), Reserve Requirements for Depository Institutions, Truth-in-Lending Act (TILA or Reg Z), Truth-in-Savings Act (TISA or Reg DD), Unfair and Deceptive Acts and Practices (UDAAP), Uniform Commercial Code (UCC).
• Monitor and analyze developing trends and changes in regulatory compliance, laws, rules and regulations, and advise management of the impact of such trends and changes. Update compliance policy to take account of compliance requirements and new requirements. Assist with the implementation of regulatory changes. Sources include but are not limited to National Credit Union Association (NCUA) Regulatory Alerts, NCUA Letters to Credit Unions, NCUA Legal Opinion Letters, Interpretive Ruling and Policy Statements, NCUA Regulatory Alerts, and NCUA Risk Alerts.
• Assist the Compliance Manager with the sanctions compliance program to ensure the credit union is in compliance with (OFAC). Must understand the principles and search qualities of OFAC, as well as the entities reported through FinCEN and the boundaries of the restricted countries through both FinCEN and OFAC.
• Conduct regulatory compliance research, analysis and interpretation, involving high degree of effectiveness, tact and diplomacy in interpreting and communicating regulatory compliance issues, including maintaining a compliance resource center.
• Assist management with ensuring that any change in policy or procedure is communicated to impacted departments, or credit union as a whole, with clarity. Perform follow-up to ensure new procedures are understood and implemented.
• Maintain regular, direct and informal communication with all levels of employees and management to build trust and obtain information to assist in maintaining an effective compliance program.
• Work with other departments to maintain consistency in credit union policies/procedures and monitor deviations and quality standards.
• Assist in the development or delivery of compliance training program, as needed.
• Assist the Compliance Manager with the vendor management program to ensure businesses conduct due diligence and ongoing monitoring reviews of their vendors. Ensure lines of business and associated vendors comply with company policies, procedures, laws and regulations.
• Monitor the remediation process of any identified issues and perform the necessary validation steps to ensure adequate remediation by the business units and vendors.
• Identify applicable regulatory compliance impact for new and/or revised products and services. Recommend changes to management to include both monetary and non-monetary potential risk exposure (eg. reputation, credibility etc.).
• Maintain professional proficiency, ethics, and due care in the performance of assigned duties while maintaining an impartial, unbiased attitude and avoiding conflicts of interest. Must be familiar with the normal interpretation of credit union policies and procedures on shares and loans, credit union services to members, general office procedures; credit union goals and objectives and be able to recognize any deviations from those procedures, policies and goals.
• Review credit union forms, contracts, agreements, and disclosures to ensure compliance with applicable laws, rules and regulations. Provide suggestions to immediate supervisor as needed.
• Assist Risk Management with all risk assessments as needed to analyze current risks and identify potential risks that are affecting the credit union.
• Assist the ERM Manager with the maintenance of business continuity program including risk assessment, business impact analysis, exercising, training and awareness, and program improvement.
• Participate in projects that assist with meeting credit union strategic and business unit objectives.

QUALIFICATIONS:

• One year to three years of similar or related experience.
• Equivalent to a college degree (BS or BA in a relevant field).
• Professional certificate in field of expertise (eg. Certified Regulatory Compliance Professional, Credit Union Compliance Expert, Certified Compliance Officer, etc.), or must complete compliance officer certification program such as the CUNA Regulatory Compliance School within two years of hire date.
• Professional, well developed interpersonal and public speaking skills necessary for servicing and communicating with internal staff as well as external auditors, and management.
• Must be able to establish and maintain professional business relationships with management, regulatory agencies, auditors, appraisers and business associates.
• Proficient investigative and interpretative skills required.
• Must be able to analyze complicated factual situations, apply functional principles, and develop solutions.
• Excellent verbal and written communication skills.
• Keen eye for details and exceptional analytical, planning, organizational and problem-solving skills.
• Reliable and thorough with a deep commitment to quality and accuracy.
• Must be self-motivated and able to work independently with minimal supervision.

Our commitment to your success is enhanced by our competitive salary commensurate with experience and an extensive benefits package including paid time off, health benefits, 401(k) with a generous company match, and future growth opportunities within the company. We work to maintain the best possible professional and environmentally friendly atmosphere for our employees.

EOE M/F/D/V