Compliance Analyst (Banking) monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Uses customer data mining and software tools to identify suspicious activity patterns. Being a Compliance Analyst (Banking) reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know your Customer (KYC) protocols. Additionally, Compliance Analyst (Banking) may lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a manager. The Compliance Analyst (Banking) work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Compliance Analyst (Banking) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
At SESLOC, it is the people that make the place. Rooted in academics, and locally headquartered for over 80 years, we are the credit union with the funny name. But to us, financial dreams and goals are serious business.
Job Summary:
In this position you will analyze regulations and laws, impacting Credit Union policies, processes, products, and services to determine associated risks and compliance adherence. You will develop and perform risk assessments and assign risk ratings for ongoing monitoring. You will serve as a subject matter expert regarding regulatory and compliance matters, researching and responding to questions posed by Credit Union management and staff and provide solutions, both on projects and ad hoc. You will assist in development of a comprehensive and holistic Compliance Management System (CMS) Program commensurate to the size, and complexity of the Credit Union and project Program changes in line with strategic growth. In addition, you will act as the Risk and Compliance systems solution administrator, ensuring software updates are applied and business partners trained in use of systems. You will back-up and support other positions within the department as required.
Key Qualifications:
High school Diploma or GED and five to eight years' developing, implementing and maintaining compliance and risk management programs at a financial institution with consumer and business deposit accounts as well as consumer, mortgage and commercial lending. In-depth experience with Fair lending testing. Certified Regulatory Compliance Manager (CRCM), NAFCU Certified Compliance Officer (NCCO), CUNA Credit Union Compliance Expert (CUCE) or Governance Risk Compliance Professional (GRCP) certification(s) preferred.
Demonstrated knowledge and understanding of compliance related laws, regulations, standards and guidelines; experience in establishing compliance and risk management controls and control testing; strong analytical skills showing an ability to collect, organize and analyze large volumes of data; define a problem, draw a valid conclusion, recommend a solution and implement changes regarding risk and internal control gaps to mitigate or eliminate risk exposure. Experience designing reports that effectively report on issues and trends. Ability to effectively communicate information verbally and in writing to all levels of employees including training to a group of employees. Ability to create supporting documentation and express clear recommendations for action, as well as the ability to work collaboratively and make recommendations and move forward with the decisions of others with authority. Demonstrated professional interpersonal skills including advanced written and verbal communications. Ability to apply critical thinking and exercise sound judgment in all situations, including recommendations regarding account and/or member actions following investigations. Ability to understand and administer Risk and Compliance system solutions to update software and train business partners on their use. Must be capable of regular, reliable, and timely attendance. Knowledge of credit union products and services preferred.
EOE
As part of the recruitment process, SESLOC may run a bond check, credit check and criminal history check as part of the recruitment process. If SESLOC runs these reports, we will obtain your authorization first.
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