Compliance Officer

Extra Credit Union; Warren, Northern (MI, KY); Hybrid; USD 57,000 - 69,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Employee assistance program

Flexible spending account

Health insurance

Life insurance

Paid time off

Vision insurance

Job summary

Extra Credit Union is seeking a Compliance Officer to ensure policies and procedures comply with federal and state laws. You will analyze new laws, revise existing policies, and manage the AML program to ensure regulatory adherence.

Responsibilities include auditing, reporting findings to management, developing training materials, and communicating timely updates to affected departments.

Qualifications

• Three to five years of compliance or related experience.
• Two-year college degree or equivalent certification or training.
• Ability to develop and implement compliance programs.

Responsibilities

• Analyze laws affecting the Credit Union and update policies and procedures.
• Manage Bank Secrecy Act/AML software and support upgrades.
• Schedule and perform compliance audits and report findings to leadership.
• Develop compliance resources and train staff on changes.
• Keep departments informed of new laws and procedures for timely implementation.
• Handle member and internal inquiries related to compliance.

Skills

3-5 years experience

Education

Associate degree or equivalent cert

Job description

Responsible for ensuring the policies and procedures of the credit union comply with the appropriate laws and regulations. Analyze new and pending laws that could directly affect the credit union’s current practices. Develop and revise current policies and procedures to ensure compliance. Ensure all affected areas of the credit union are kept informed of changing laws and procedures for implementation to be completed at the appropriate time. Responsible for developing and administering the credit union’s Bank Secrecy Act/Anti-Money Laundering Program, to ensure that the credit union’s policies, procedures and practices comply with applicable laws and regulations.

Essential Functions & Responsibilities

• Analyze new and pending laws which will affect the Credit Union’s current operations, develop and periodically review and update the policies and procedures to ensure compliance with the applicable Federal and State laws and regulations. Notify all affected parties of changes and the new procedures adopted.
• Responsible for Anti Money Laundering/Bank Secrecy Act software for detection and monitoring. Suggest enhancements. Participate in any upgrades and enhancements and provide organization support for prevention methods, to include training and instruction manuals.
• Continue to develop and implement a compliance program to effectively review pertinent areas of the Credit Union for compliance.
• Develop compliance resources, build network relationships and participate in meetings to maintain compliance knowledge and best practices.
• Responsible for scheduling and performing all compliance audits. Will also review and prepare reports of findings and present to management and Board of Directors.
• Perform other job related duties as assigned.

Performance Measurements

• Develop, maintain, and demonstrate current knowledge of applicable State and Federal Laws and Industry Regulations to ensure the Credit Union’s policies and procedures remain compliant and are adhered to in all areas.
• Ensure departments and staff are informed of new or revised policies or regulations affecting their compliance within the required time frame as set down by management.
• Develop and maintain a library of compliance resources to help educate employees.
• Prepare and deliver assigned reports in a timely, accurate manner.
• Keep management informed of key operating issues affecting the credit union or any department.
• Troubleshoot and resolve member and internal inquiries in a timely, accurate manner.
• Provide informed, professional, accurate service and support to all members and associates.

Knowledge and Skills

Experience Three years to five years of similar or related experience.

Education (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.

Pay: From $62,950.43 per year

• 401(k)
• 401(k) matching
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance