Compliance Officer, Finance & Banking
Job in
South Pasadena, Los Angeles County, California, 91030, USA
Listed on 2026-02-16
Listing for:
Priority One Credit Union
Full Time
position Listed on 2026-02-16
Job specializations:
-
Finance & Banking
Regulatory Compliance Specialist, Financial Compliance -
Management
Regulatory Compliance Specialist
Job Description & How to Apply Below
Position Purpose
Independently and objectively reviews and evaluates organizational compliance issues/concerns. Advises management and staff of emerging compliance issues and guides the Credit Union in the establishment of controls to mitigate risks. Reviews credit union policies and procedures to ensure compliance with laws and regulations applicable to the credit union. Manages Compliance records, BSA, vendor management, and security functions. Develops policies, procedures, and training to ensure efficient and effective compliance.
EssentialFunctions and Basic Duties
- On an ongoing basis, reviews, interprets and implements laws and regulations that impact the credit union's compliance requirements.
- Evaluates the credit union's policies, procedures, products, and programs to ensure compliance with applicable laws and regulations. Makes recommendations for change to minimize loss exposure, where appropriate.
- Acts as the Bank Secrecy Act (BSA) Officer, responsible for overseeing all aspects of the organizational-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC) and Member Identification (MIP) programs. Includes establishing internal controls to mitigate risks, training, coordinating, and assisting in the administration of independent, state, and federal regulator and auditor examinations and reviews.
- Prepares annual risk assessments for BSA, red flags and other regulations as required.
- Assists management with the credit union bond coverage.
- Acts as the California Insurance Endorsee administrator for the Credit Union.
- Assists Senior Management with long and short-term Credit Union planning.
- Responsible for tracking identity theft when reported and ensures that appropriate BSA reports are filed when required.
- Assists the National Mortgage Licensing System (NMLS) Organizational Administrator for the Credit Union. Tracks the NMLS system to ensure compliance with NMLS employee registration, training, and renewal requirements.
- Disseminates information, answers questions, and serves as a subject matter expert for the credit union on all compliance related issues.
- Identifies regulatory impact for new and/or revised products services.
- Assists in the revision and/or design of forms, products, web site, programs, and promotions to ensure compliance with all state and federal rules and regulations.
- Develops or assists in the development of compliance training programs and ensures that staff adheres to compliance training requirements.
- Works closely with the Internal Audit Department, regulators, and external auditors to ensure daily monitoring and compliance needs are met.
- Reviews loans, deposits, and any other consumer related transactions for adherence to Credit Union and regulatory compliance requirements.
- Oversees the annual vendor due diligence program.
- Ensures implementation of record retention policies and procedures in accordance with regulations and laws.
- Performs all duties and completes assigned training assignments in compliance with credit union policies and appropriate regulatory statutes, including BSA regulations and those that correspond with their specific job duties.
- Develops and implements compliance plans, policies, and goals that further strategic objectives.
- Creates and implements compliance policies and procedures.
- Ensures compliance and all services are delivered in accordance with the law and regulations.
- Develops and monitors budgets. Manages and oversees expenses.
- Attends and participates in meetings and committees as required.
- Completes required reports and documents.
- Ensures that applicable laws and regulations are strictly adhered to.
- Assists departments in developing quality control standards and processes and ensures that quality control activities are effective and in accordance with established standards.
- Directs, schedules, and coordinates department functions.
- Ensures that personnel are well trained, effective, and optimally used. Instructs personnel regularly regarding policy, procedure, and program changes.
- Ensures that the Credit Union's professional reputation is maintained throughout the organization and the community.
- Ensures that requests, needs, and questions are promptly resolved.
- Ensures that work area is clean, secure, and well maintained.
- Stays informed of trends and changes in the compliance field.
- Completes special projects as assigned.
To View & Apply for jobs on this site that accept applications from your location or country, tap the button below to make a Search.
(If this job is in fact in your jurisdiction, then you may be using a Proxy or VPN to access this site, and to progress further, you should change your connectivity to another mobile device or PC).
(If this job is in fact in your jurisdiction, then you may be using a Proxy or VPN to access this site, and to progress further, you should change your connectivity to another mobile device or PC).
Search for further Jobs Here:
×