Senior Compliance Officer

Job Title:

Senior Compliance Officer

Department:
Risk

Reports to:

Director of Compliance

Hours per Week: 40 hrs./week. Salary Exempt

As a member of the compliance team, the Compliance Officer plays an instrumental part in the Credit Union’s overall compliance with applicable rules, regulations, and statutory requirements. This position will assist with the Credit Union’s compliance efforts, monitor changes in laws, regulations and examination trends, conduct compliance reviews, and assist in revision and implementation of policies and procedures. The Compliance Officer ensures the Credit Union complies with all federal and state laws and regulations including, but not limited to, the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls.

Provides quality, professional service to external and internal members, and answers inquiries pertaining to the Credit Union's policies and procedures.

• Tracks regulatory changes in laws, regulations, and examination trends and communicates with the Director of Compliance all relevant matters
• Assists with the Credit Union’s compliance efforts in the revision and implementation of policies and procedures
• Works with the Director of Compliance to review reports which includes but are not limited to BSA, File Maintenance, Wire Transfers and CTRs promptly and accurately.
• Stays informed of developments and trends in Credit Union policies and related laws and regulations.
• Complies with operation risk-management procedures.
• Reviews promotional materials to assure compliance with regulations.
• Reviews Credit Union forms for adherence to applicable laws.
• Researches compliance questions from Credit Union personnel.
• Assists with correction of compliance violations which may include remediation of any audit and examinations findings.
• Assists in new product and services development to provide input regarding compliance concerns and recommendations.
• Assists the Director of Compliance with the implementation of any new projects which may include onboarding new vendors, products, services, technology or any relative compliance requirements.
• Assist and performs appropriate research and provides answers and/or solutions to compliance and legal related questions from across the organization, in a timely manner.
• Monitors and manages internal controls and procedures for complying with rules and regulations as part of the Compliance Program including highly confidential internal documents and data.
• Assists with reviewing, updating, and maintaining the Credit Union’s Compliance Management System and conducting compliance reviews.
• As vendor relationship manager, monitors all vendor contracts and service agreements, hold vendors accountable for their actions, and perform detailed responsibilities as noted in our board-approved Vendor Management Program. Works with Director of Compliance to resolve any high level issues, discrepancies or concerns.
• Identifies and communicates regulatory compliance, deficiencies, or potential problems, and provides guidance in the development of alternative solutions.
• Ensures that the Credit Union's quality reputation is maintained and protected.
• Ensures that requests and questions are promptly and courteously resolved.
• Assists the Director of Compliance with reviews and updates to the BSA compliance software.
• Ensures compliance with all federal and state laws and regulations, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls, and should request legal interpretation as necessary. Must ensure subordinates are also compliant with such laws and regulations
• Perform other duties as assigned

• Bachelor’s Degree in related field preferred.
• Three or more years of compliance or legal experience at a financial institution.
• CUCE/CUCO Certification is preferred.
• Strong analytical skills with the ability to make sound decisions.
• Ability to manage time and workload independently through good organizational skills.
• Strong attention to detail and accuracy.
• Ability to adhere to internal policies as well as external policies and regulations set forth by the…