Compliance Analyst, Finance & Banking

Location: Feasterville-Trevose

American Heritage Credit Union, a $5+ billion credit union, has an immediate opening for a Compliance Analyst.
This position will support the Enterprise Risk and Compliance department in the following areas:
Compliance System Management, Bank Secrecy Act (BSA), quality control, account reviews, transaction analyses, high-risk account enhanced due diligence, compliance reviews, and administrative duties. Conduct routine and ongoing branch training as needed and work with front-line staff to ensure Office of Foreign Assets Control (OFAC) compliance. Promote a positive work environment through the resolution of broad-based compliance issues.

RESPONSIBILITIES INCLUDE:

* Provide financial reporting and analysis of commercial lending operations on a requested case-by-case basis, including researching and interpreting data, making recommendations, and monitoring commercial loan performance.  
* Assist Compliance Manager in developing, implementing and monitoring a comprehensive compliance management program to ensure the credit union follows all laws and regulations.  
* Serve as a backup to the Compliance Manager and assist with the compliance management system, compliance training, and third-party vendor management program.  
* Conduct periodic reviews of existing policies and procedures to ensure accuracy, efficiency, and effectiveness in accordance with evolving regulations, legal requirements, and industry trends.  
* Monitor the systems and controls in place to ensure compliance and prompt reporting compliance exceptions with recommendations for remediation to management.  
* Track compliance issues and remediation plans. Perform follow-up to ensure proper remediation or escalate unresolved or overdue items to Compliance Manager. Must be thoroughly familiar with internal compliance issues and risk identification and be able to provide recommendations.  
* Follow formal corrective action procedures to ensure compliance with policies and procedures and to avoid future issues.  
* Ensure day-to-day credit union compliance to various laws and regulations including but not limited to the following:
Age Discrimination in Employment Act of 1967 (ADEA), Americans with Disabilities Act (ADA), Anti-Money Laundering (AML), Customer Identification Program (CIP), Red Flag Identity Theft Prevention Program, Customer Due Diligence (CDD), FinCEN, Electronic Fund Transfer Act (EFTA or Reg

E), Equal Credit Opportunity Act (ECOA or Reg

B), Equal Employment Opportunity Act of 1972, Employment Retirement Income Security Act (ERISA), Expedited Funds Availability Act (EFA or Reg CC), Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), Fair Housing Act (FHA), Family and Medical Leave Act (FMLA), Flood Hazard Insurance, Funds Availability Act (Regulation CC), Home Mortgage Disclosure Act (HMDA or Reg

C), Occupational Safety and Health Act (OSHA), Office of Foreign Assets Control (OFAC), Patriot Act (USA PATRIOT), Privacy Act, Real Estate Settlement Procedures Act (RESPA), Reserve Requirements for Depository Institutions, Truth-in-Lending Act (TILA or Reg Z), Truth-in-Savings Act (TISA or Reg DD), Unfair and Deceptive Acts and Practices (UDAAP), Uniform Commercial Code (UCC).  
* Monitor and analyze developing trends and changes in regulatory compliance, laws, rules and regulations, and advise management of the impact of such trends and changes. Update compliance policy to take account of compliance requirements and new requirements. Assist with the implementation of regulatory changes. Sources include but are not limited to National Credit Union Association (NCUA) Regulatory Alerts, NCUA Letters to Credit Unions, NCUA Legal Opinion Letters, Interpretive Ruling and Policy Statements, NCUA Regulatory Alerts, and NCUA Risk Alerts.

* Assist the Compliance Manager with the sanctions compliance program to ensure the credit union is in compliance with (OFAC). Must understand the principles and search qualities of OFAC, as well as the entities reported through FinCEN and the boundaries of the restricted countries through both FinCEN and OFAC.  
* Conduct regulatory compliance research, analysis and interpretation, involving high degree of effectiveness, tact and diplomacy in interpreting and communicating regulatory compliance issues, including maintaining a compliance resource center.  
* Assist management with ensuring that any change in policy or procedure is communicated to impacted departments, or credit union as a whole, with clarity. Perform follow-up to ensure new procedures are understood and implemented.  
* Maintain regular, direct and informal communication with all levels of employees and management to build trust and obtain information to assist in maintaining an effective compliance program.  
* Work with other departments to maintain consistency in credit union policies/procedures and monitor deviations and quality standards.  
* Assist in the development or delivery of compliance training program, as needed.  
*…