What are the responsibilities and job description for the Compliance Analyst position at General Electric Credit Union?
Compliance Analyst
GENERAL SUMMARY
Responsible for assisting the Senior Compliance Analyst in administrating the Credit Union’s overall compliance program, ensuring compliance with the rules and regulations and internal policies and procedures.
ESSENTIAL FUNCTIONS, DUTIES AND RESPONSIBILITIES
As directed by the Compliance Supervisor, the duties may include but are not limited to:
- Perform daily, weekly, monthly monitoring and provide results to the Lines of Business for coaching and improvement opportunities.
- Maintain responsibility for all facets of the Bank Secrecy Act (BSA), Anti-Money Laundering efforts, USA PATRIOT Act, and OFAC
- Manage Anti-Money Laundering software, file Suspicious Activity Reports (SAR) and Currency Transaction Reports (CTR) as necessary
- Review advertising pieces from the Marketing Department for compliance as needed
- Communicate with other lines of business to develop, maintain and/or update various policies, procedures, and manuals of the Credit Union
- Routinely attend educational events and/or training to stay well-informed of Compliance and Regulatory updates and changes.
- Assist in the Credit Union’s Vendor Management Program
- Assist in other Compliance responsibilities as directed
CORE COMPETENCIES AND SKILLS
- Read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals.
- Offer Compliance Supervisor suggestions of innovative approaches to problems awhile continuing to prioritize urgent issues. Always attempt to bring issues to closure if possible. If not, alert compliance supervisor immediately.
- Work well with other lines of business in the Credit Union to maintain a compliant environment.
- Maintain excellent oral and written communication
- Proficient in Microsoft Word and Excel.
- Must understand and comply with all federal and state regulations associated with this position.
- Must be able to speak and understand fluent English.
- Performs other duties as assigned.
Requirements:
- Bachelor’s degree in related field preferred and/or equivalent experience in banking or credit union compliance laws and regulations.
Duties and responsibilities may be added, deleted, or changed at any time at the discretion of management, formally, or informally, either verbally or in writing. The position description above is intended to describe the general content of this job. It is not to be construed as an exhaustive statement of essential functions, duties and responsibilities
The requirements listed above are representative of the knowledge, skills, and/or ability required. Reasonable accommodations can be made to enable individuals with disabilities to performSenior Compliance Anlayst
Key Bridge Compliance -
Covington, KY
Associate Compliance Analyst
Fidelity TalentSource -
Covington, KY
Compliance Analyst I - Sanctions
FIS Global -
Cincinnati, OH
