Compliance Specialist

The primary role of this position is to foster and encourage a culture of compliance in the Credit Union by providing advice and guidance to staff, management, directors, and officers on compliance matters. To accomplish, this role will mitigate plastic card fraud to minimize and/or eliminate the potential for card fraud losses, timely and accurate review, assessment, and interpretation of fraud reports, monitored cards, and compromised card fraud alerts, and review of third-party systems generated reports to identify confirmed fraudulent card activity and take proper measures for resolution. This role will also work collaboratively with processors and peers to reduce the potential for fraudulent card usage. Is responsible for maintaining and monitoring compliance of Credit Union with all required regulations and policies, especially with all Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) policies, procedures, and regulations.

Essential Functions & Responsibilities:

• Implements procedures to minimize the risk for fraud in all areas of the credit union. Utilizes resources and programs such as Verafin, Debit and Credit Card Processor Reports, and member activity.
• Files CTR and SAR report with FinCEN.
• Acts as the Office of Foreign Assets Control Compliance Officer (OFAC Compliance Officer). Responsible for coordinating and monitoring OFAC compliance, overseeing blocked funds, and ensuring that appropriate staff training is provided. The OFAC Compliance Officer will be responsible for comparing the names of individuals and entities to the OFAC Sanctions List on a weekly basis.
• Provides recommended changes to policies and procedures for emerging compliance topics.
• Maintains monthly report on fraud cases and fraud prevention.
• Acts as backup for Compliance & Risk Manager.
  
• Performs other duties assigned including annual plastic card review.

Desired candidate will 

• have knowledge and experience with banking/credit union regulations.
• have a two-year college degree, or equivalent experience.
• have a satisfactory credit history
• have basic knowledge of Word, Excel and Outlook
• have good communication skills
• be willing to provide prompt, accurate, courteous, friendly, timely and professional service to all members and ECCU employees.
• be willing to maintain a professional appearance, demeanor, and work environment
  
• be willing to maintain a dependable record of attendance and timeliness
  

Employee Benefits

• Health Insurance 
• Dental Insurance
• Vision Insurance
  
• Paid Time Off 
• Retirement plan
• Company paid LTD, STD, and Life Insurance
• Professional Development opportunities
• Wellness Benefit with tax savings

Salary : $20 - $0