Compliance/Internal Audit Officer

LANDMARK CREDIT UNION; Danville (IL); On-site; USD 58,000 - 83,000; Full time

Benefits offered by this job

Health insurance

Dental/Vision insurance

Short/Long-Term Disability insurance

Life Insurance

401(k) matching

401(k) profit sharing

PTO days

Paid Holidays

Job summary

Landmark Credit Union is seeking a Compliance professional in Danville, IL to help ensure adherence to banking laws and internal policies. The role focuses on BSA/AML and other regulatory requirements within our community financial institution.

You will lead audits, update procedures, and train staff while collaborating with senior management to strengthen our compliance program and risk controls.

Qualifications

• Bachelor's degree in business, finance, or related field.

Responsibilities

• Review laws and regulations impacting compliance, with emphasis on BSA/AML and OFAC.

Skills

Risk management

Internal audits

Compliance

Education

Bachelor's degree in business, finance, or related field

Tools

Microsoft Office

Excel

Outlook

Word

Job description

Description

Pay

$28.00/hr - $40.00/hr

Job Type:

Full-Time

Shift & Schedule

M-F, 8:00 a.m. - 5:00 p.m.

Benefits

Health insurance

Dental/Vision Insurance

Short/Long-Term Disability Insurance

Life Insurance

401(k) matching

401(k) profit sharing

PTO Days (maximum of 30 days)

Paid Holidays

Landmark Credit Union is a financial institution focused on exceeding our members' expectations and committed to their financial success. To provide the highest level of personal financial service in a friendly, professional manner; to encourage thrift, savings, and the wise use of credit to maintain earnings for our continued organizational growth.

Job Summary:

Review credit union policies and procedures to ensure compliance with all applicable laws and regulations. Performs internal audits as directed to ensure credit union policies and procedures meet standards. Develop and recommend policy changes to senior management and/or the Board of Directors to facilitate the credit union's compliance program, reduce risk, and reflect regulatory changes. Update and disseminate information regarding laws and regulations.

Essential Job Functions:

• On an ongoing basis, review laws and regulations that impact the credit union's compliance requirements, with emphasis on BSA/AML, USA Patriot Act, and OFAC.
• Evaluate the credit union's policies, procedures, products, and programs to ensure compliance with applicable laws and regulations. Make recommendations for changes where appropriate.
• Disseminate information, answer questions, and be a subject matter expert for the credit union on all compliance-related issues.
• Assess the risk potential of current procedures and recommend new procedures that minimize loss exposure.
• Ensure that any change to a policy or procedure is clearly communicated to the impacted departments or the credit union organization. Ensures new procedures are understood and implemented by team members.
• Develop and recommend corrective action procedures, as necessary, to ensure compliance with policies and procedures and to prevent future compliance issues.
• Coordinate a compliance audit and present a summary report to management.
• Develop, perform, and oversee various "spot check" internal audit procedures, i.e., cash counts, teller drawer audits, loan documentation, wire transfers, etc. Review random sampling of all new loans for exceptions to policies and procedures.
• Attendance is an essential job function.
• Other duties as assigned.

Representative Job Tasks:

• Assist in the revision and/or design of forms, products, websites, programs, or promotions to ensure compliance with all State and Federal rules and regulations.
• Develop or assist in developing compliance training programs.
• Assist compliance examiners with their examinations, making available the information that is necessary to complete their examinations.
• Develop and ensure the implementation of record retention policies and procedures in accordance with applicable laws and regulations.
• Conduct investigations or special audits at the request of management.
• Prepare written and verbal audit reports for Board Committees and management.
• Participate in new hire training activities.

Requirements

Education/Licensing:

• Bachelor's degree in business, finance, or related field, or equivalent career experience at a financial institution.
• Possess a valid driver's license to utilize a vehicle for business purposes.

Requirements:

• 5+ years of experience in risk management, internal audits, and compliance in a financial institution setting.
• Demonstrated understanding of credit union compliance regulations preferred.
• Proven verbal and written interpersonal communication skills to lead teams and processes.
• Demonstrated patience, empathy, and professionalism when communicating with team members.
• Demonstrated ability to learn new skills and a commitment to continuous improvement processes.
• Demonstrated organizational skills to prioritize various projects and assignments with attention to detail and accuracy.
• Proficient with technology and a broad range of software applications, including but not limited to Microsoft Office (Word, Excel, Outlook).

Complexity of Work/Experience:

Requires critical thinking, communication, and technical skills. Must possess the ability to work in a fast-paced environment, multitask, and prioritize.

Physical Requirements:

Must possess the ability to frequently bend, stoop, reach, stand, and occasionally lift twenty pounds of IT equipment or office supplies. Constant use of repetitive hand/arm movements, keyboard entry, and vision (depth perception, the ability to distinguish color, and the ability to see both far and near), as well as audible speech and hearing acuity. Constant exposure to computer monitors is required.

Work Environment:

Constant exposure to computer monitors and office equipment.

Given the changing nature of the financial industry, we live and operate in a dynamic, competitive, and unpredictable work environment. For Landmark Credit Union to continue providing the excellent services our members expect and demand, and to provide the greatest possible employment security for all employees, we must be flexible enough to anticipate and respond to the inevitable changes we will face. Thus, job expectations and responsibilities may change to meet this need.

EEO Statement:

Landmark Credit Union is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. This job description does not create an employment contract, implied or otherwise, other than an "at will" employment relationship.