Compliance Specialist - Military veterans preferred

Job Title: Compliance Specialist

Department: Risk Management

Reports To: AVP of Risk Management

FLSA Status: Non-Exempt

Summary 

The Compliance Specialist ensures RGCU’s adherence to all Bank Secrecy Act (BSA) reporting requirements and conducts thorough compliance reviews to protect the credit union’s operations and maintain regulatory integrity. 

Essential Duties and Responsibilities include the following. Other duties may be assigned. This job description in no way implies that the duties listed here are the only ones that the employee can be required to perform. The employee is expected to perform other tasks, duties and trainings as dictated by their supervisor/manager.

• Work alerts in the credit union’s BSA/AML software. Perform research as needed, record appropriate notes and open cases as necessary. Notify the Compliance Officer and Risk Management Leadership concerning activity that requires a SAR.
• Ensure all CTRs are reviewed, corrected, and verified by the due date set by the Risk Management Leadership. Works with the Compliance Officer and Risk Management Leadership to have CTRs approved and filed. Ensure that any errors are reviewed and corrected if necessary.
• Record all CTRs and SARs filed in the credit union’s BSA/AML software.
• Ensures the BSA/AML software is functioning correctly by monitoring alerts, rules, cases, and potential matches. Review any data that does not appear to match the core processor with the Compliance Officer and Risk Management leadership.
• Runs watchlists scans (314(a) and OFAC), reviews potential matches, and ensure system is functioning properly.
• Completes compliance file maintenance reviews during the required time period. Creates a typed list of issues and presents it to the Compliance Officer and Risk Management leadership to disburse to the appropriate departments.
• Reviews employee account FM to ensure that there is no collusion between employees. Reviews findings with the Compliance Officer and Risk Management leadership.
• Reviews employee/Insider loans to ensure that they are in compliance with regulations and credit union policies/procedures. Reviews findings with the Compliance Officer and Risk Management leadership.

Member Service

• Come to work every day with a member focused passionate, and dedicated mindset
• Approach ever member situation from a caring, helpful, and openminded
• Proactively approach issues & offer creative solutions that will make doing business with RGCU easier
• Assists in any other areas as directed by the Risk Management leadership, Senior Management and/or President/CEO.
• Report all suspicious activity to the Risk Management department via the compliance group email.

Supervisory Responsibilities                                                              

This job has no supervisory responsibilities.

Competencies                                                        

To perform the job successfully, an individual should demonstrate the following competencies:

Attention to Detail - The ability to process detailed information effectively and consistently. Demonstrates accuracy and thoroughness; monitors own work to ensure quality.

Judgement – Displays willingness to make decisions; Exhibits sound and accurate judgement; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process.

Managing Performance - The ability to take responsibility for ones own performance, by setting clear goals and expectations, tracking progress against the goals, ensuring feedback, and addressing performance problems and issues promptly.

Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations.

Critical Thinking - The process of actively and skillfully using a set of core skills – analysis, evaluation inference, deductive reasoning, and inductive reasoning – to process and generate information and beliefs. 

Qualifications 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience                                                            

Experience- 6 months to 2 years related experience.

Education- 2-year degree or completion of a specialized course of study OR 2 years of related experience.

Language Skills                                                      

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.  Ability to write reports, business correspondence, and procedure manuals such as Standard Operating Manuals (SOPs).  Ability to effectively present information and respond to questions from groups of managers, clients, members, and the general public.

Mathematical Skills                                                             

Ability to calculate figures and amounts such as discounts, interest, amortizations, proportions, percentages, cash flow, net present values, and depreciation.  Ability to apply concepts of basic algebra and arithmetic.

Reasoning Ability                                                   

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills                                                     

To perform this job successfully, an individual should have knowledge Symitar's; Microsoft Excel Spreadsheet software and Microsoft Word Processing software.

Physical Demands 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to sit and use hands to finger, handle, or feel. The employee is frequently required to reach with hands and arms and talk or hear. The employee must frequently lift and/or move up to 25 pounds. 

Work Environment 

The work environme­­nt characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually noisy.  

Rio Grande Credit Union is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.