Compliance Specialist

Job Details

Description

Role: Responsible for the clerical functions involved with the monitoring and investigations of the Bank Secrecy Act/Anti Money Laundering requirements as well as the prevention and recovery of fraud loss activities. Provides support to the various areas within the Risk Management/Compliance department.

Essential Functions & Responsibilities

• Performs various daily, weekly and monthly duties related to the clerical responsibilities of the Bank Secrecy Act and OFAC compliance.
• Performs various daily, weekly and monthly duties related to fraudulent activity and coordinates prevention and recovery of losses.
• Performs various daily, weekly and monthly reviews of file maintenance and account activity.
• Acts as liaison to local, state and federal law enforcement agencies which may include participating in law enforcement interviews as well as representing the credit union by appearing and testifying in court.
• Develops, maintains and implements policies and procedures related to specific duties.
• Prepares various status reports/metrics for management related to specific duties.
• Lends support to the legal department by maintaining general knowledge of legal issues concerning garnishments, levies and bankruptcies.
• Services as a point of contact for Credit Union employees to educate and support the information related to specific duties.
• Performs other job-related duties as assigned.
  
  

Performance Measurements

• No findings from our NCUA and internal audits.
• Maintain current knowledge and ensure compliance of all rules and regulations concerning specific job responsibilities.
• Meet required time deadlines.
• Provide accurate and timely information to management and employees.
• Maintain confidentiality for all information.
• Provide informed, professional and accurate service and support to all members, employees and law enforcement contacts.
  
  

Knowledge & Skills

Experience - One year to three years of similar or related experience.

Education - (1) A high school education required (2) Must be willing to obtain BSA certification within specified time period. Will be provided training and resources in order to obtain BSA certification.

Interpersonal Skills - Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills - Must exhibit the ability to conduct detailed account research utilizing online systems, Image system, word processing, fax and copy machines, spreadsheet programs and video/DVR equipment. Requires excellent communication skills both written and verbal in order to professionally interact with employees, members and law enforcement agencies. Must possess good organizational skills and the ability to work with multiple priorities necessary to meet deadlines. The ability to multitask efficiently is essential. Must possess the ability to understand and interpret the Bank Secrecy Act and Anti-Money Laundering regulations.