Regulatory Compliance Analyst (Banking)

Remote; San Francisco (CA); On-site; USD 55,000 - 140,000; Full time

Benefits offered by this job

Health Insurance

401(k) with employer match

Vacation Leave

Sick and Safe Leave

Dental Insurance

Vision Insurance

Long-term Disability Insurance

Flexible Spending Medical Account (FSA

Flexible Spending Dependent Care

Health Savings Account (HSA)

Voluntary Supplemental Life Insurance

Employee Assistance Program

Credit Union Membership Eligible

Job summary

NASA Federal Credit Union is seeking an experienced Regulatory Compliance Analyst to manage regulatory requirements, risk management and best practices across financial institution operations. The role may require occasional travel to our Corporate Office in Upper Marlboro, MD for meetings and trainings.

Responsibilities include conducting compliance testing, preparing summary reports, and developing regulatory training and procedures to ensure timely and accurate disclosures, forms, and

Qualifications

• Knowledge of federal laws and regulations affecting financial institutions is required.
• Excellent analytical and problem-solving abilities.
• Excellent written, verbal, interpersonal, and presentation skills.
• Ability to effectively prioritize and execute tasks in a high-pressure environment.

Responsibilities

• Acts as a regulatory compliance resource and applies sound review techniques related to policies and regulations.
• Maintains awareness of laws and regulations affecting the Credit Union and assists with research and evaluation.
• Researches and responds to requests from various departments for compliance assistance.
• Participates as a compliance resource on corporate and department projects.
• Works with others to review forms, disclosures, policies and procedures for regulatory compliance.
• Coordinates training programs and responses to member complaints.
• Uses a compliance management system to communicate and track regulatory updates.

Skills

Regulatory knowledge

Analytical skills

Communication skills

Education

Bachelor’s degree in relevant field

Tools

Compliance management system

Job description

NASA Federal Credit Union is in search of an experienced Regulatory Compliance Analyst with a track record of maintaining awareness of regulatory requirements, risk management issues and best practices affecting financial institution operations. The Compliance Analyst will participate in or lead compliance-related initiatives and projects, including compliance testing. This position will ensure disclosures, forms, marketing material, website, etc. meet regulatory requirements. It will provide focused compliance support to departments as assigned. The Compliance Analyst must have the ability to manage multiple deadlines in a fast-paced and changing environment.

This position may require you to travel to our Corporate Office in Upper Marlboro, MD periodically for meetings, trainings, and events.

Essential Duties and Responsibilities:

• Acts as a regulatory compliance resource and consistently applies sound review and recommendation techniques as they relate to policies, procedures, and regulations.

• Maintains awareness of laws and regulations affecting the Credit Union, assists with research and evaluation of the impact on the Credit Union, and works collaboratively with others throughout the organization.

• Researches and responds to requests from various departments for compliance assistance.

• Participates as a compliance resource on corporate and department projects.

• Works collaboratively with others on the creation and revision of forms, disclosures, policies and procedures, marketing material, etc., to ensure regulatory compliance.

• Works collaboratively with others to research and draft responses to member complaints, as assigned.

• Utilizes a compliance management system to communicate and track regulatory updates.

• Acts as an NMLS Administrator for SAFE Act Compliance.

• Conducts compliance testing and analyses and provides summary reports.

• Creates and revises operational procedures within area of responsibility.

• Participates in professional roundtables as appropriate; networks with other financial institutions and subject matter experts; attends continuing education as necessary to maintain proficiency with laws and regulations affecting areas of responsibility.

Level II: All Level I responsibilities and the following:

• Develops business cases and leads corporate projects to implement new or revised regulatory requirements.

• Coordinates a comprehensive regulatory compliance training program.

• Coordinates responses to member complaints, including research, drafting and issuance of responses.

• Reviews forms, disclosures, policies and procedures, marketing material etc., for regulatory compliance prior to issuance.

• Reviews operational policies created and maintained by business units for regulatory compliance.

• Researches and evaluates various federal and state laws, regulations and regulatory guidance to ensure Credit Union processes for the various products and services promoted nationwide are compliant and provides summary reports.

• Participates in compliance-related risk assessments, as assigned.

• Participates in risk evaluations of new and changing business opportunities, as assigned.

• Prepares reports by collecting, analyzing, and summarizing information.

• Assists with the maintenance of the record retention program.

• Communicates with external legal and compliance professionals when needed.

• Assists with the preparation of regulatory comment letters, as assigned.

Level III: All level I and II responsibilities and the following:

• Conducts compliance-related risk assessments and prepares reports for management.

• Conducts compliance risk analyses and prepares reports for management to support in decision-making.

• Monitors remediation of compliance related issues.

• Coordinates complaint management process, including analyzing trends and providing reports to management.

• Evaluates legal requests, escalating to legal counsel when necessary, and coordinates appropriate response.

• Assists Compliance Operations Program Manager in leading the Compliance Committee and provides summary reports to management.

• Prepares regulatory comment letters as needed.

• Coordinates the maintenance of the record retention program.

• Acts as back-up to Compliance Operations Program Manager when necessary.

Education and Experience:

• Knowledge of federal laws and regulations affecting financial institutions is required.

• Bachelor’s degree from accredited college in relevant field preferred.

• Minimum of two years of progressively advancing financial institution experience along with regulatory compliance responsibilities.

Personal Attributes:

• Highly self-motivated and is a self-starter; works independently.

• Ability to absorb new ideas and concepts quickly.

• Excellent analytical and problem-solving abilities.

• Strong organization and time management skills; works efficiently.

• Sets continuous improvement goals.

• Ability to effectively prioritize and accurately execute tasks in a high-pressure environment.

• Ability to present ideas in business-friendly and user-friendly language.

• Very strong customer service orientation.

• Excellent written, verbal, interpersonal, and presentation skills.

Our generous benefit package includes:

• Salary: $55,000 – $140,000 / Annually

• Health Insurance (Choice of two nationwide PPO plans)

• High Deductible Plan: 100% employer contribution toward premium. (HSA and FSA compatible) +*

• Low Deductible Plan: Generous employer contribution toward premium. (FSA compatible) +

• Dental Insurance: Generous employer contribution toward premium+

• Vision Insurance: Generous employer contribution toward premium+

• Long-term Disability Insurance+*

• Flexible Spending Medical Account (FSA)+

• Flexible Spending Dependent Care Account+

• Health Savings Account (HSA)+

• Voluntary Supplemental Life Insurance+

• Voluntary Dependent Life Insurance+

• Voluntary Short-term Disability Insurance+

• 401(k) with employer match up to 6% and immediate 100% vesting

• Gain Sharing Bonus (eligibility rules apply) *

• Life Insurance/AD&D+*

• Vacation Leave (excluding Outside Loan Officers)

• Sick and Safe Leave

• 11 Paid Holidays

• Education Assistance

• Employee Referral Bonus*

• Credit Union Membership Eligible

• Employee Assistance Program+*

• Identity Theft Protection (Additional fee to add family members) +*

• Pet Health Insurance

• Employee Discount Program

All benefits are based on meeting NASA Federal Credit Union’s eligibility requirements and the carrier’s terms and conditions.

At NASA Federal Credit Union, we strive to ensure a culture of collaboration, inclusion, and opportunity where everyone can feel valued, appreciated, and respected. We commit to recruit and retain a diverse team with the best talents to live our vision, mission, and values. We recognize that respecting different perspectives and experiences makes us stronger together.