Business Unit Compliance Specialist II, Consumer Loans

SchoolsFirst Federal Credit Union; Aliso Viejo (CA); On-site; USD 52,000 - 78,000; Full time

Job summary

SchoolsFirst FCU in California is seeking a Business Unit Compliance Specialist II for Consumer Loans to support the Credit Union's First Line of Defense program. You will monitor regulatory changes, develop test scripts, and collaborate with lending teams to ensure adherence to requirements.

Key duties include reviewing forms and disclosures, implementing recommendations, and guiding regulatory training while maintaining strong risk controls and process improvements for consumer loan products.

Qualifications

• High School Diploma or GED required.
• Bachelor's Degree in a related field or equivalent years of experience required.
• 3-5 years of prior relevant experience required.
• America’s Credit Unions Certified Credit Union Compliance Officer (CUCO) or NAFCU’s Certified Compliance Officer (NCCO) designation(s) preferred

Responsibilities

• Supports a specific Consumer Lending business unit in maintaining compliance with regulatory requirements.
• Develops test scripts to ensure adherence to regulatory requirements through ongoing quality control monitoring and testing.
• Reviews forms, disclosures, communications, advertisements, risk assessments, and SOPs with the Compliance team.
• Monitors and interprets regulatory changes impacting the consumer lending business unit and provides recommendations to ensure compliance.
• Assists with implementation through training, procedural updates, and form revisions.

Skills

Regulatory knowledge

Analytical skills

Communication skills

Legal research

Education

High School Diploma or GED

Bachelor's degree or equivalent experience

Tools

Microsoft Office

Job description

We’re always looking for diverse, talented, service-oriented people to join our exceptional team.

Business Unit Compliance Specialist II, Consumer Loans

The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.

Pay Range: $37.70 - $56.55

Scheduled Weekly Hours: 40

What You’ll Be Doing

• As part of the Credit Union's First Line of Defense Compliance Management Program, supports a specific Consumer Lending business unit in maintaining compliance with Credit Union operational requirements, laws, and regulations.
• Develops test scripts to ensure adherence to regulatory requirements through ongoing quality control monitoring and testing.
• Work with business units to implement recommendations from the Compliance team by reviewing forms, disclosures, communications, advertisements, risk assessments, and standard operating procedures.
• Reviews summaries and recommendations of regulatory and legal information sent by the Compliance department.
• Evaluates the potential impact on the Credit Union consumer lending products (i.e., vehicle, personal, credit card, etc.), policies, or processes, and provides recommendations to the Credit Union management.
• Evaluates the potential impact on the Credit Union consumer lending products (i.e., vehicle, personal, credit card, etc.), policies, or processes, and provides recommendations to the Credit Union management.
• This position is not responsible for BSA compliance.
• Assists with the maintenance and continued improvement of the Credit Union's First Line of Defense Compliance Management Program.
• Monitors and interprets regulatory changes impacting the consumer lending business unit, evaluates their impact, and provides recommendations to ensure compliance.
• Assists with implementation through training, procedural updates, and form revisions.
• Identifies compliance risks, recommends solutions, and supports corrective actions to maintain business unit adherence to policies, procedures, and regulatory requirements.
• Supports the implementation of required changes for consumer loan agreements, disclosures, marketing materials, advertisements and communications to ensure compliance.
• Conducts legal and regulatory research related to the business unit to support management and respond to inquiries received from Credit Union Management, teammembers, and government agencies.
• Act as a resource for questions regarding regulatory issues within the business unit.
• Assists with managing the compliance monitoring and testing calendar, ensuring timely reviews and reporting findings to management.
• Supports regulatory examinations and audits by coordinating documentation and responses.
• Contributes to the development and enhancement of business unit Standard Operating Procedures (SOPs) to align with compliance requirements.
• Recommends and reviews First Line of Defense training programs to enhance teammember awareness and understanding of compliance policies.
• Assesses risk potential of current business unit procedures and recommends process improvements to minimize compliance risks and loss exposure.

Additional Job Functions

• Performs other duties as assigned
• Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties.
• Failure to do so may result in disciplinary and other employment related actions.

Qualifications

• High School Diploma or GED required
• Bachelor's Degree in a related field or equivalent years of experience required
• 3-5 years of prior relevant experience required
• America’s Credit Unions Certified Credit Union Compliance Officer (CUCO) or NAFCU’s Certified Compliance Officer (NCCO) designation(s) preferred

Knowledge, Skills, and Abilities

• Knowledge of federal and state consumer protection and regulatory compliance requirements.
• Knowledge with Microsoft Office, including Word, Excel, and Power Point
• Analytical skills
• Communication skills, including intermediate-level writing, and ability to present complex materials
• Legal research ability using the internet and available resources

SchoolsFirst FCU is committed to Diverse, Equitable, and Inclusive Hiring

At SchoolsFirst FCU we are dedicated to building and growing a diverse, inclusive, and authentic Dream Team, so if you’re excited about a position or wanting to make a career change but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. Many skills are transferrable and you may be just the right candidate for the position, or for other roles we are working on.

SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion.

SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.

This organization participates in E-Verify.

We're passionate about living our mission of providing Members with World-Class Personal Service and financial security. There's a reason we love coming to work every day. We have the privilege of serving those who build the future: school employees, and the families who make their work possible. Our success is built on our relationships with each other, our Members and the community. We value teamwork and face-to-face interactions and believe we’re at our best when we’re collaborating in-person. We also know the flexibility to work remotely benefits the wellbeing of our team.

View the work location information below on the job listing that interests you.

100% on-site, 0% remote. Including those serving Members in-person at our branches.

Three days a week in the office and up to two days remote.

Hybrid teams coordinate on-site days to collaborate in-person.

Up to 100% remote.

Select individual contributor roles may be given the option to work fully remote.