Compliance Specialist
Copper State Credit Union
- Phoenix, AZ
- Permanent
- Full-time
- Work as a key part of a team to create a proactive environment through monitoring trends related to laws and regulations and making recommendations for policy updates. Conduct research as assigned and provide information regarding regulations, regulatory changes and potential procedural impact.
- Support a credit union wide compliance culture by being responsive to new regulations as well as changes to existing regulations, providing recommendations for change and support in implementing change.
- Assist in the analysis of the credit union’s regulatory compliance posture and the development of control recommendations.
- Assist with development, implementation, and administration of a compliance program that effectively addresses the credit union’s compliance with laws, regulations and rules governing operations and product offerings.
- Assist with various quality control reviews to ensure that compliance is applied in practice as well as on paper. This includes reviewing, evaluating and verifying the soundness, adequacy and application of controls and procedures.
- Prepare reports documenting compliance issues and provide recommendations to ensure management is appropriately informed of any significant concerns. Meets with department heads and supervisors, as necessary, to provide information on compliance deficiencies and guidance in implementing recommended changes.
- Assist during examinations or audits including following up on and assisting in resolving cited violations and/or deficiencies.
- Monitor legislative and regulatory developments and reports important compliance changes to management.
- Serve as a central resource for credit union staff to provide assistance regarding compliance issues.
- Assist with management of the credit union’s vendor management program including the vendor risk assessment process.
- Respond to and maintain all correspondence related to regulatory complaints in coordination with applicable business unit.
- Requires education equivalent to a four-year high school education or general education degree (GED). Some post-secondary education preferred.
- Minimum of 2 – 5 years of direct work experience in compliance or equivalent with related experience in other areas of banking, preferably in the financial services industry.
- Professional, well-developed interpersonal skills necessary for communicating with internal staff as well as external auditors, management, the Supervisory Committee.
- Familiarity with internal control issues and risk identification and be ability to provide recommendations for improvement preferred.
- Working knowledge of credit union products and services, policies, Bank Secrecy Act, USA Patriot Act, and other laws and regulations that apply to credit unions required.
- Strong communication skills, written and verbal.
- Ability to manage multiple deadlines while remaining timely with obligations. Must be able to multi task, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines.
- Requires knowledge of single PC applications (Word, Excel, MS Outlook) and various bank systems including financial analysis platforms and FinCEN. Knowledge of Verafin, Fiserv DNA and FIS is preferred.