TelComm Credit Union
Description
Overview :
The Compliance Specialist is responsible for assisting in developing, implementing, and administering all aspects of the Credit Union's Compliance Management Program. This position plans, organizes, and controls the Credit Union's day-to-day administrative, lending, and operational compliance activities; collaborates with the Director of Compliance and management in the overall administration of these directives for the Credit Union. Assists in various committees, audits, and examinations. Perform duties as they relate to Bank Secrecy Act/OFAC. Conducts staff training related to new hires and compliance. Advises the Director of Compliance of emerging compliance issues and assists in guiding the Credit Union in the establishment of controls to mitigate risks.
Roles and Responsibilities (including but not limited to) : This position will be responsible for monitoring, testing, and reporting on Bank Secrecy Act/Anti-money Laundering/USA Patriot Act/OFAC and related regulations for compliance matters as defined by statutes, regulations, rules, regulatory interpretations, and regulatory recommendations that apply to the Credit Union. Maintain compliance related procedures for the BSA Program, Currency Transaction Reports (CTR) and Suspicious Activity Reporting (SAR) and Proactive Monitoring. Perform BSA-related investigations, drafting SAR's and Currency Transaction Reports (CTRs). Assist in maintaining procedures to comply with Section 314a of the USA PATRIOT Act. Perform reviews of Credit Union disclosures, forms, and working with various business lines in the development of new products and services; and Help identify any weaknesses in the Credit Union's overall compliance management system and internal controls and make recommendations to enhance or facilitate substantial compliance with all applicable laws and regulations and to minimize regulatory violations. Ensure that files include supporting documentation and detailed explanations on all investigations, reports, and monitoring. Monitor various QC, and exception reports. Maintains a schedule for a cursory examination of all compliance requisites and looks for evidence of deficiencies in controls, duplication of effort, timeliness of response to compliance issue or lack of compliance with laws, government regulations, and management policies or procedures. Maintain ongoing communication with supervisor, informing him/her of all pertinent problems, irregularities, new developments, changes, or other important information within area of responsibility. Assists the company and divisional management in understanding, interpreting, and addressing all applicable laws and regulations. Maintains compliance review procedures. Responsible for the development and update of BSA/AML/OFAC training materials and forms for credit union staff and management. Assists in monitoring key control reports to ensure compliance with internal policies. Assists the Director of Compliance in working with various departments across the organization with ensuring that audit findings are promptly addressed and resolved. Assist with overseeing and preparing responses to inquiries from regulators, including the management of onsite audit visits and/or exams. Monitor regulations for financial institutions. Maintains a high knowledge level of current Federal, State, and local regulations and laws affecting all Credit Union functions including changes and updates. Maintains a high level of understanding of the linkage between all areas of the Credit Union. Administration of the Credit Union's vendor management program through the organizations chosen software. Works closely with Director of Compliance on projects and other risk management items. Assists with Enterprise Risk Management and internal auditing functions as needed. Performs other duties as assigned. Qualifications (Education, Experience, Skills) :
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's degree, and at least two years of related banking experience and/or training; or equivalent combination of education and experience. Credit Union experience is preferred. Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small to midsize group situations to customers, clients, and other employees of the organization. Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentage and to draw and interpret bar graphs. Ability to apply commonsense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Analytical Research through journals, periodicals, legal reviews, etc. Comprehension of legal and compliance information Deductive Reasoning Listening Consultative Presentation Communication Organization Time Management Physical Demands :
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel objects, tools, or controls and reach with hands and arms. The employee frequently is required to walk, sit; and talk or hear. The employee is occasionally required to stand. The employee must frequently lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. Required to operate computer and office equipment. Must adhere to dress code guidelines and always portray a professional image. Ability to sit or stand for extended periods of time.
The TelComm Promise
TelComm Credit Union is a people-minded financial institution who truly understands that no matter how big we get we are still people helping people. We know the people who work for us are by far our biggest asset and vital to our continued success. We want to help you help others. At TelComm we Communicate Respectfully, Foster Unity, Serve Compassionately, Act with Integrity, Radiate Positivity, and Cultivate Growth and Learning. Those are the core values most important to us. Keeping promises is also important to us and, as a company, we make a promise to all associates....
To empower you . Your education, experience, and life knowledge will all be drawn from in your day-to-day activities, and regardless of how much or how little you believe you have - we want to build on it. Once hired into a position, we will train you to know how to do what we do. We promote goal setting and career development as a shared responsibility and will provide the knowledge and resources needed on your path to success. We have classes explaining the basics to the not so basics. And will do one on one training when needed. You will have hands on help until there is confidence on both sides. We believe in cross training into different departments. Nothing is beyond your reach here. All of our executives were once front line or entry level workers who were promoted so we know talent can and will be found at every level.
To do the right thing for you . Our CEO evaluates our pay structure annually to ensure we stay competitive, our bountiful benefits include paid medical after 30 days, PTO, 11 paid holidays per year, a 401k retirement with matching funds*, profit sharing, tuition reimbursement, business casual dress code, and jean days. We respect your life outside of work and want you to have a positive life work balance. Schedules are given in advance, and meetings are scheduled with ample time to prepare. We have activities we do as a group - a holiday party in the winter, a collaborative meeting in the summer, and a family friendly outing in the fall.
Disclaimer
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
Overview :
The Compliance Specialist is responsible for assisting in developing, implementing, and administering all aspects of the Credit Union's Compliance Management Program. This position plans, organizes, and controls the Credit Union's day-to-day administrative, lending, and operational compliance activities; collaborates with the Director of Compliance and management in the overall administration of these directives for the Credit Union. Assists in various committees, audits, and examinations. Perform duties as they relate to Bank Secrecy Act/OFAC. Conducts staff training related to new hires and compliance. Advises the Director of Compliance of emerging compliance issues and assists in guiding the Credit Union in the establishment of controls to mitigate risks.
Roles and Responsibilities (including but not limited to) : This position will be responsible for monitoring, testing, and reporting on Bank Secrecy Act/Anti-money Laundering/USA Patriot Act/OFAC and related regulations for compliance matters as defined by statutes, regulations, rules, regulatory interpretations, and regulatory recommendations that apply to the Credit Union. Maintain compliance related procedures for the BSA Program, Currency Transaction Reports (CTR) and Suspicious Activity Reporting (SAR) and Proactive Monitoring. Perform BSA-related investigations, drafting SAR's and Currency Transaction Reports (CTRs). Assist in maintaining procedures to comply with Section 314a of the USA PATRIOT Act. Perform reviews of Credit Union disclosures, forms, and working with various business lines in the development of new products and services; and Help identify any weaknesses in the Credit Union's overall compliance management system and internal controls and make recommendations to enhance or facilitate substantial compliance with all applicable laws and regulations and to minimize regulatory violations. Ensure that files include supporting documentation and detailed explanations on all investigations, reports, and monitoring. Monitor various QC, and exception reports. Maintains a schedule for a cursory examination of all compliance requisites and looks for evidence of deficiencies in controls, duplication of effort, timeliness of response to compliance issue or lack of compliance with laws, government regulations, and management policies or procedures. Maintain ongoing communication with supervisor, informing him/her of all pertinent problems, irregularities, new developments, changes, or other important information within area of responsibility. Assists the company and divisional management in understanding, interpreting, and addressing all applicable laws and regulations. Maintains compliance review procedures. Responsible for the development and update of BSA/AML/OFAC training materials and forms for credit union staff and management. Assists in monitoring key control reports to ensure compliance with internal policies. Assists the Director of Compliance in working with various departments across the organization with ensuring that audit findings are promptly addressed and resolved. Assist with overseeing and preparing responses to inquiries from regulators, including the management of onsite audit visits and/or exams. Monitor regulations for financial institutions. Maintains a high knowledge level of current Federal, State, and local regulations and laws affecting all Credit Union functions including changes and updates. Maintains a high level of understanding of the linkage between all areas of the Credit Union. Administration of the Credit Union's vendor management program through the organizations chosen software. Works closely with Director of Compliance on projects and other risk management items. Assists with Enterprise Risk Management and internal auditing functions as needed. Performs other duties as assigned. Qualifications (Education, Experience, Skills) :
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's degree, and at least two years of related banking experience and/or training; or equivalent combination of education and experience. Credit Union experience is preferred. Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small to midsize group situations to customers, clients, and other employees of the organization. Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentage and to draw and interpret bar graphs. Ability to apply commonsense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Analytical Research through journals, periodicals, legal reviews, etc. Comprehension of legal and compliance information Deductive Reasoning Listening Consultative Presentation Communication Organization Time Management Physical Demands :
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel objects, tools, or controls and reach with hands and arms. The employee frequently is required to walk, sit; and talk or hear. The employee is occasionally required to stand. The employee must frequently lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. Required to operate computer and office equipment. Must adhere to dress code guidelines and always portray a professional image. Ability to sit or stand for extended periods of time.
The TelComm Promise
TelComm Credit Union is a people-minded financial institution who truly understands that no matter how big we get we are still people helping people. We know the people who work for us are by far our biggest asset and vital to our continued success. We want to help you help others. At TelComm we Communicate Respectfully, Foster Unity, Serve Compassionately, Act with Integrity, Radiate Positivity, and Cultivate Growth and Learning. Those are the core values most important to us. Keeping promises is also important to us and, as a company, we make a promise to all associates....
To empower you . Your education, experience, and life knowledge will all be drawn from in your day-to-day activities, and regardless of how much or how little you believe you have - we want to build on it. Once hired into a position, we will train you to know how to do what we do. We promote goal setting and career development as a shared responsibility and will provide the knowledge and resources needed on your path to success. We have classes explaining the basics to the not so basics. And will do one on one training when needed. You will have hands on help until there is confidence on both sides. We believe in cross training into different departments. Nothing is beyond your reach here. All of our executives were once front line or entry level workers who were promoted so we know talent can and will be found at every level.
To do the right thing for you . Our CEO evaluates our pay structure annually to ensure we stay competitive, our bountiful benefits include paid medical after 30 days, PTO, 11 paid holidays per year, a 401k retirement with matching funds*, profit sharing, tuition reimbursement, business casual dress code, and jean days. We respect your life outside of work and want you to have a positive life work balance. Schedules are given in advance, and meetings are scheduled with ample time to prepare. We have activities we do as a group - a holiday party in the winter, a collaborative meeting in the summer, and a family friendly outing in the fall.
Disclaimer
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.