Compliance Analyst

Apple Federal Credit Union; Fairfax (VA); On-site; USD 65,000 - 85,000; Full time

Job summary

Apple Federal Credit Union in Fairfax, Virginia, is seeking a Compliance Analyst to facilitate the development and maintenance of compliance programs. Responsibilities include monitoring changes in regulatory compliance laws, analyzing regulatory responses, and developing compliance policies.

The ideal candidate will have a BA/BS in a related field and a compliance certification. Strong analytical skills and the ability to handle multiple tasks are essential.

Qualifications

• BA/BS in related field preferred.
• Compliance certification required within 1 year from hire date.
• Excellent analytical ability and ability to conduct thorough research.

Responsibilities

• Analyze and communicate trends in regulatory compliance.
• Develop policies for compliance with laws and regulations.
• Assist in managing insurance coverage for the credit union.

Skills

BSA experience

Analytical ability

Knowledge of compliance laws

Education

BA/BS in related field

Compliance certification

Job description

Role

Under general supervision, but following established policies and procedures, facilitates the development, implementation and maintenance of internal and external Compliance Management Program and performance of the primary duties and responsibilities listed below. While implementing or recommending action to ensure compliance and minimize risk, the Compliance Analyst should be conscious of streamlining efforts, cost effectiveness, safety and soundness, and proper maintenance of the internal control structure. Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act. Undertake other work‑related duties as assigned by the Compliance Officer. Performs duties and responsibilities in accordance with The Apple Way principles, of Team Up, Serve With Purpose, Challenge Yourself and Own It.

Essential Functions & Responsibilities

• Keep abreast of, monitor, analyze and communicate developing trends and changes in regulatory compliance laws, rules, and regulations, and advise management of the operational impact of such trends and changes. Facilitate implementation of new regulations and regulatory change, as necessary.
• On behalf of the credit union, analyze and provide written response when necessary to proposed new regulations and/or amendments to existing regulations within allotted time frames established by the regulatory agency(ies).
• Develop, participate in, and review proposed changes to credit union policies and procedures for compliance with applicable regulatory and consumer/public interest laws, rules, and regulations, and provide recommendations for any necessary changes.
• Review, revise and develop credit union forms, contracts, agreements, and disclosures to ensure compliance with applicable laws, rules, and regulations. Interface with legal counsel and/or bonding agency to ensure that the terms and conditions set forth in forms, contracts, agreements, and disclosures are accurate, complete, and meet the needs of and properly protect the credit union.
• Assist in the management of the fidelity bond and property and casualty insurance coverage on behalf of the credit union.
• Participate in new product development and provide input regarding compliance concerns relevant to proposed and current products and services offered by the credit union.
• Report as appropriate regulatory matters, concerns, and/or the overall compliance condition of applicable divisions, departments, operations, or functions within the credit union to the Compliance Officer.

Education

BA/BS in related field preferred. The America’s Credit Unions Certified Credit Union Compliance Officer Certification or equivalent required within 1 year from hire date.

Experience

BA/BS in related field. Compliance certification required.

Other Skills

BSA experience. Excellent analytical ability and ability to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems. Broad knowledge of, and practical experience with, credit union or other financial institution operating areas, functions, products and services and the laws and regulations which apply to credit unions. Well‑organized, efficient, detail‑oriented self‑starter, able to work independently. Ability to handle simultaneously, multiple tasks and changing priorities in an efficient and effective manner. The ability to work with all levels of management and credit union staff, and members.

Physical Requirements

The ability to lift 25 lbs. and utilize standard office equipment including, but not limited to, PC, fax, copier, telephone, etc.

Equity & Diversity Statement

As an equal opportunity employer, Apple Federal Credit Union does not discriminate in employment with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, marital status, physical or mental disability, military status or unfavorable discharge from military service or any other characteristic protected by law.

All selected candidates will be subject to credit and background checks to determine employment eligibility.