Compliance Coordinator

DEXSTA FEDERAL CREDIT UNION 2187; Talleys Corner (DE); On-site; USD 70,000 - 95,000; Full time

Job summary

DEXSTA FEDERAL CREDIT UNION 2187 is seeking an experienced Compliance Auditor to perform daily audits, review reports, and ensure adherence to BSA, CIP, Reg CC, OFAC, and USA Patriot Act requirements.

You will prepare narratives, coordinate with staff to implement changes, maintain records, and assist with policy updates; travel may be required; strong analytical and communication skills are essential.

Qualifications

• Associate degree in a business-related field or equivalent experience.
• At least five years' experience in financial institutions or compliance.
• Knowledge of credit union regulations and regulatory requirements.

Responsibilities

• Complete daily compliance tasks and audits.
• Review daily reports and contact staff for corrections.
• Summarize findings on spreadsheets and notify supervisors.
• Recommend process changes to improve audit results.
• Assist with record retention and document destruction processes.
• Use monitoring software to research alerts, SARs and CTRs.
• Prepare narratives and responses to regulatory alerts.
• Support policy and procedure changes and staff training.
• Participate in compliance meetings and maintain confidentiality.

Skills

Problem solving

Verbal communication

Written communication

Data analysis

Numerical skills

Regulatory knowledge

Analytical thinking

Attention to detail

Education

Associate degree in business

Compliance certification (plus)

Tools

Transaction monitoring software

Word processing

Spreadsheets

Job description

Position Summary:Responsible for completing daily compliance tasks and audits. Will contact staff responsible for incomplete or missing items discovered in audits. Provide recommendations for process and procedure changes to supervisor to improve audit results. Complete compliance related projects in coordination with supervisor.Duties/Responsibilities:Follow all credit union policies, procedures, and requirements in addition to all state and federal laws and regulations, including Regulation CC, the Bank Secrecy Act, OFAC and USA Patriot Act/Customer Identification Act (CIP).Complete daily audits and review daily reports. Contact staff responsible for findings to effect corrections. Summarize findings on spreadsheets. Based on audit and report findings as well as staff feedback, recommend process and procedure changes to supervisor. Work with supervisor to implement approved changes.Assist in the implementation of record retention policies and procedures in accordance with regulations and laws. Assist with document destruction process with supervisor, branch teams and other departments.Uses transaction monitoring software to view and research alerts, SARs and CTRs. Writes narratives and prepares responses to alerts. Files reports according to regulatory requirements and within filing deadlines.Assists with the review of documents submitted in support of special account applications or account updates. Evaluates documents for compliance with existing guidelines and verifies documents with available resources.Respond to compliance related questions from staff. Research and decision red flags and adverse notifications discovered during loan or account opening. Notate the appropriate system and notify staff of decision.Assist with the communication of policy and procedure changes to impacted staff, or the credit union as a whole. Respond to staff questions about new policies and procedures and their implementation.Assist in the revision and/or design of forms, products, website, programs or promotions to ensure compliance with all applicable regulations.Participate in compliance meetings to provide summaries and insights into audit results and staff feedback.Maintain strict confidentiality with all members and employee informationOther duties as assigned.Essential Functions:Extended sitting up to 70% of the time. Occasional lifting up to 35 pounds.Bending, squatting, twisting, kneeling, reaching above and below shoulder level is occasionally required. Continuous sound perception/discrimination and verbal speech ability.Exposure to dust and poor ventilation. Strong problem-solving skills.Strong skills using PC word and spreadsheet programs. Strong verbal and written communication skills.Intermediate mathematical skills (calculations/concepts involving decimals and percentages). Ability to analyze and collect data.Knowledge of credit union regulations. Problem solving skills.Occasional travel and irregular hours are required. Must be bondable.Education, Training and Experience:Associate degree in a business-related field or an equivalent combination of education and relevant experience.At least five years experience in diverse areas of the financial institution industry or compliance certification is a plus.