Compliance Specialist,Finance & Banking Job Smithfield area,Rhode Island USA,Finance & Banking

Position: Compliance Specialist I

ABOUT THE ROLE:

Under the supervision of VP Compliance, the Compliance Specialist supports the credit union's enterprise-wide Compliance Management System (CMS) with a focus on second line compliance monitoring and assurance, including testing, control validation, and issue identification. This role ensures adherence to applicable federal and state regulations—including NCUA and CFPB requirements—while supporting business units in identifying, mitigating, and documenting compliance risk.

KEY RESPONSIBILITIES

Conducts periodic, risk‑based compliance monitoring reviews covering deposit, lending, advertising, and other regulatory requirements

Performs transaction testing, file reviews, and control effectiveness assessments

Documents findings, root causes, and recommendations; tracks and validates corrective actions

Assists with compliance training administration and record‑keeping

Assists with periodic review and updates of compliance‑related procedures, checklists, and job aids

Assists with HMDA data validation, error identification, and remediation tracking

Maintains compliance records, logs, and tracking tools

Supports preparation of regulatory reports and examiner/auditor information requests

Responds to routine compliance inquiries and performs compliance reviews of marketing materials under supervision

Supports maintenance of the compliance monitoring schedule and testing inventory

Supports compliance awareness initiatives

Performs all other duties as assigned by the VP, Compliance

QUALIFICATIONS

Education

High school diploma or GED equivalent required;
Bachelor's degree in Business, Finance, Risk Management, or related field.

Experience / Skills/Knowledge

0-2 years of experience in compliance, audit, risk management, or regulated environment required

Strong analytical, critical‑thinking, and problem‑solving skills required

Must have the ability to interpret regulations and apply them to operational situations

Excellent written and verbal communication skills required

Must have strong service orientation aligned with the credit union's mission and values

Must have the ability to handle multiple project/priorities simultaneously with an effective outcome

CRCM certification or willingness to obtain it preferred

Must have the ability to deal with confidential information.

Basic knowledge of federal consumer protection laws and regulations preferred

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Compliance Specialist, Finance & Banking