Compliance Associate

Summary:  

Serves as Internal Auditor Compliance Officer Fraud Officer  Bank Secrecy Act Officer and Business Continuity Plan Coordinator. Contributes to the management of the Credit Union by ensuring that the Credit Unions operations adhere to all regulatory compliance requirements. Is responsible for reviewing and monitoring the credit unions transactions practices and for maintaining the highest standard of compliance.  Responds to questions concerning all aspects of responsibility from various sources such as all levels of management and staff.

Essential Duties and Responsibilities include the following:

Establishes and maintains audit program including methods and procedures.  

The program includes auditing the following areas:

Year-end Issues and Government Reporting

Cash and Negotiable Instruments

Bond and Insurance Coverage and Claims

Member Accounts

Plastic Card Processing and Controls

Lending

Compliance Reviews

BSA Risk Assessment

Presents reports to Supervisory Committee

The audit process reviews and appraises:

The existence adequacy and application of financial operating and administrative controls

The extent of compliance with established policies plans procedures and regulations

The extent to which assets are accounted for and safeguarded from losses of all kinds

The reliability and integrity of financial and management data developed by the credit union

Makes recommendations to management for corrective action based on audit findings and monitors results.  Reports to the Supervisory Committee on corrective actions implemented by management and any actions not taken

Ensures that changes in policy and procedures are clearly communicated to impacted management departments or the credit union as a whole. Follows up to ensure new procedures are understood and implemented.

Maintain documentation of compliance activities such as member complaints or investigation outcomes. Research and respond to all complaints or investigations timely.

Perform Annual Reviews of all critical vendors. 

Work with third party and internal staff to collect all due diligence documentation. 

Review all documentation and complete an annual risk assessment. 

Provide reports to VP/CFO regarding risk rating.

As Compliance Associate:

Identify all federal state and local laws rules and regulations that affect the credit union and maintains compliance through audits compliance training program reviews of marketing materials and reviews of account disclosures. 

Participate in credit union policy reviews assisting management in assessing adequacy and compliance with regulations. 

Acts as credit union liaison with NCUA examiners and CPA auditors.

Fraud Officer:

Oversees compliance with the Identity Theft Red Flag rules

Investigate individual cases of Identity Theft.

As Bank Secrecy Act Officer:

o Coordinate compliance with the Bank Secrecy Act

o Maintains expertise in the Verafin application including assessing current and emerging high-risk transactional activities via the utilization of Verafin.

Oversee the suspicious activity review process

Ensures regulatory reports are queued filed and completed in a timely manner.

Qualifications :

Qualifications  

Bachelors degree 

Credit Union Regulatory Compliance Certification preferred but not required

5 - 7 years related experience and/or training

Ability to recognize and solve problems. 

Strategic thinking - Develops strategies to achieve organizational compliance.

Ability to analyze and interpret governmental regulations financial reports legal documents technical procedures business periodicals professional journals. 

Ability to effectively present information and respond to questions from managers employees board members and auditors.

Presentation skills

• Ability to calculate figures and amounts such as discounts interest and proportions. 
• Strong knowledge of computers and ability to quickly learn new software     programs and products.

Additional Information :

As a First Financial employee youll enjoy a challenging work environment.  We offer a great benefits package including Medical Dental Rx Vision Life Ins. Retirement Plans Vacation Sick and Personal.  

All your information will be kept confidential according to EEO guidelines.

Remote Work :

No

Employment Type :

Full-time