Compliance Analyst - Middletown, NY

Position Overview

Compliance Analyst at Heritage Financial Credit Union. The analyst supports compliance efforts, monitoring regulatory changes, vendor oversight, and AML/BSA activities across the credit union.

Job Type: Full-time

• Provides support and guidance to Credit Union management and staff on regulatory, legal, and other compliance‑related matters of lower complexity, making appropriate referrals to senior staff on matters of greater complexity.
• Addresses compliance matters as they arise in daily operational activities to ensure regulatory requirements are met.
• Maintains awareness of, understanding of, and compliance with the credit union’s internal policies and procedures, laws, and regulations.
• Ensures adherence to company policies, procedures, and Banking/Credit Union Regulations.
• Organizes and oversees key tasks with necessary onboarding and annual due diligence of vendors as part of the Vendor Management Program.
• Reviews new and existing vendors for potential compliance concerns and prepares risk assessments.
• Creates and reviews fraud cases and alerts using the Credit Union’s AML software.
• Reviews and submits Currency Transaction Reports (CTR’s) through AML software.
• Performs monthly review of a sample selection of new memberships for new accounts/memberships opened by branches.
• Performs daily file‑maintenance reviews for a sample selection of the daily report.
• Researches, analyzes, and interprets basic banking regulations and compliance trends to determine impact on credit union operations.
• Monitors federal and state laws impacting HFCU, analyzes the information, and prepares written communications to affected business areas regarding such laws.
• Supports the compliance team with daily scanning, mailing, and communication tasks as needed.
• Supports communication and follow‑up for findings and observations related to internal compliance reviews.
• Helps to implement new regulatory requirements across the credit union as needed.
• Participates in internal projects and offers compliance advice as necessary.
• Maintains, monitors, and documents adherence to the Record Retention Policy.
• Performs daily tasks related to the BSA/AML, OFAC, and CIP compliance programs.
• Maintains a high level of confidentiality.
• Performs additional duties as required.

Education/Certification:

Bachelor’s degree or equivalent experience in a related industry. 3‑5 years of relevant experience with credit union compliance issues. Compliance designation/certification is a plus.

Knowledge:
Familiarity with credit union laws and regulations. Required to gain a working knowledge of Bank Secrecy Act (BSA) requirements and comply with all BSA requirements. Must maintain current industry knowledge and keep pace with regulatory changes.

• Strong ability to analyze and report relevant data.
• Ability to handle highly confidential information.
• Excellent written and verbal communication skills.
• Commitment to continuing education, attends related conferences, and obtains related certifications.
• Ability to project a professional appearance and positive attitude at all times.
• Strong written, verbal, collaboration, analytical, and project management skills.
• Flexible, adaptable, and solid problem‑solving skills.
• Detail‑oriented with excellent organizational skills to perform multiple tasks simultaneously within strict time frames.
• Ability to work effectively with others at all levels across the organization and provide authoritative guidance to credit union management and staff.
• Ability to work independently with limited supervision.
• Proficiency in the use of MS Word, Excel, PowerPoint, and Outlook.

Salary: $62,300.00 – $75,300.00 annually, based on experience.

• Paid Time Off & Paid Federal Holidays
• Medical, Dental, Vision & Life Insurance
• Employee Assistance Program
• Flexible Spending Accounts (FSA)/Health Savings Accounts (HSA)
• Supplement Benefits:
  Critical Illness Care, Identity Theft Protection, Pet Insurance, Legal Services
• Benefits Plus+ perks program (travel, entertainment, gift cards and so much more)
• Care Net – benefits concierge service
• 401(k) with 5% Employer Match
• Educational Assistance
• Paid Time to Volunteer
• HFCU Logo‑wear (that our employees wear with pride!)

Equal Opportunity Statement. Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.