Compliance Analyst - Middletown, NY

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Job Type

Full-time

Description

Come Join Heritage Financial Credit Union as Compliance Analyst

Do you have a sharp eye for detail and a passion for doing things the right way?

Are you curious about regulations, risk, and how they shape daily operations?

In this role, you'll support compliance efforts across the credit union, from monitoring regulatory changes to assisting with vendor oversight and AML/BSA activities. If you enjoy staying organized, thinking critically, and helping teams stay aligned with evolving requirements, this is your opportunity to make an impact.

Here's a little about us:

Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive.

We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed.

Our Core Values:

Experience:

Go Above Expectations;
Create Positive Moments;
Personally Acknowledge Service:
Deliver As One Team;
Stay A Step Ahead;
Guide With Product Expertise Integrity:
Do What's Right;
Speak the Truth;
Own Our Actions People:
Grow Together;
Respect Every Voice;
Build Trusting Relationships;
Strengthen Culture & Community

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POSITION PURPOSE

The Compliance Analyst position assists in all aspects of HFCU's Compliance and Risk Management, AML/BSA, Vendor Management Programs. This position acts as a resource and department contact throughout all departments within the credit union. Responsibilities include assisting with the management of overall credit union compliance-related risks, processing legal documents received by the Credit Union according to State, Federal and NCUA guidelines, and support the daily onsite activities relating to Compliance and Risk Management.

Requirements

ESSENTIAL FUNCTIONS AND BASIC DUTIES

* 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, understanding and compliance with the credit union's internal policies and procedures, laws and regulations.

* Ensures adherence to company policies and 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.

* Review new and existing vendors and for potential compliance concerns; prepare risk assessments

* Creates and reviews fraud cases and alerts using the Credit Union's AML software.

* Review and submit Currency Transactions Reports (CTR's) through AML software.

* Performs monthly review of sample selection of new memberships for New Account/Membership opened by branches.

* Performs daily file maintenance reviews for sample selection of the daily report.

* Researches, analyzes, and interprets basic banking regulations and compliance trends to determine impact on credit union operations.

* Monitor federal and state laws impacting HFCU, analyze 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 high level of confidentiality

* Performs additional duties as required.

QUALIFICATIONS

Education/Certification:

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

Knowledge:
Familiarity with credit union laws and regulations. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work. The employee will comply with all…