Compliance Specialist, Finance & Banking

Compliance Specialist

Join a spirited, dynamic team with Hawai`i's leading credit union as we make a difference in our community – providing financial value, exceptional service, and state-of-the-art convenience to our members.

Position

Purpose:

This position is responsible for the day-to-day functions with respect to the credit union's compliance programs, such as Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures.

Essential Functions:

• BSA Compliance – daily/monthly functions of processing and reviewing reports, and researching identified accounts for suspicious activity.
• Assists in the periodic review and update of the BSA program.
• Reviews reports daily to ensure CTRs and SARs are filed timely.
• Reviews Verafin reports and follows up on suspicious activity.
• Reviews shared branching transaction data for BSA compliance.
• Monitors and reviews the Office of Foreign Assets Control (OFAC) Exemption list.
• Processes FinCEN 314(a) Information Sharing Between Law Enforcement and Financial Institutions.
• Monitors the SAR reporting tool for staff reporting of any suspicious activity including elder abuse, fraud, etc.
• Assists in the review and update of disclosures/forms for new regulations and consistency with credit union practice and system set-up.
• Assists in the review of subpoenas and IRS levies.
• Assists in researching regulations for compliance of credit union operations.
• Assists in carrying out credit union compliance programs such as Vendor Due Diligence and Red Flags.
• Assists in credit/debit card program as required.
• Assists in ACH, Sharedraft and other electronic services as required.

Performance Standards:

The following duties are completed in an accurate and timely manner:

• Filing of CTRs and SARs.
• Review of OFAC exemption list.
• Review of member due diligence forms.
• Review of wires, ACH and monetary instrument purchases.
• Review and update of new vendors and contracts.

Qualifications:

Education/Certification:

Bachelor's Degree or equivalent work experience in the retail financial services field, preferred

Required Knowledge:

Knowledge of financial institution regulations

Basic understanding of MS Office Suite is desired

Experience

Required:

Experience in applying policies and procedures

Skills/Abilities:

Excellent written and verbal communications skills

Able to read and comprehend regulations

Able to multi-task and prioritize work

Presentation experience

Activities and Requirements of This Position:

Repetitive Motion:

Movements frequently and regularly required using wrists, hands, and/or fingers.

Communication

Skills:

Must frequently convey detailed or important instructions of ideas accurately and quickly.

Visual Abilities:

Average visual acuity necessary to read, prepare and inspect documents or products.

Hearing:

Able to hear average or normal conversations and receive information.

Physical Strength :

Sedentary work (sitting most of the time). Able to lift and carry up to 25 lbs.

Reasoning Ability:

Able to apply common sense understanding to carry-out detailed instructions and to deal with problems involving variables.

Mathematics Ability:

Able to perform basic math skills including adding, subtracting, multiplying and dividing using a calculator.

Language Ability:

Able to write complex sentences using normal word order with present and past tenses, as well as a command of the English vocabulary.

Working Conditions:

Air-conditioned, smoke-free office setting.

Attendance Requirements:

Please note that scheduled attendance requirements may change due to business needs.

Business

Hours:

Monday through Saturday. Business hours are subject to change. Must be able to work additional hours, weekends, and holidays as needed.