Description
Position Summary
Performs a variety of functions related to regulatory compliance. Work involves participating in a comprehensive compliance management plan, including implementation of new regulatory requirements, providing comments on proposed rules, working with business units to ensure compliance with applicable rules and regulations, and responding to credit reporting disputes. The position is responsible for conducting performance, operational, financial, and compliance reviews; providing consulting services to organizational management and staff; and providing input to the development of regulatory compliance management plans.
We are seeking a candidate who can fulfill the requirements of theSenior Compliance Analystlevel of the position. However, that level is not guaranteed, and the level offered to any finalist will be determined based on qualifications and experience.
Work Location:
This position is a hybrid role with a combination of working both onsite at the Headquarters building in East Lansing and remotely. A schedule of expected onsite and remote workdays will be discussed during the interview process.
Essential Duties and Responsibilities
Compliance Analyst I:
Assist in the identification and evaluation of the organization's compliance risk areas and provides moderate input to the development of the ongoing compliance management program.
Perform various compliance procedures, including identifying and defining issues, developing criteria, reviewing and analyzing current processes and procedures, and documenting the credit union's regulatory compliance processes.
Assist in reviewing the Credit Union's regulatory compliance program and serves as a resource for compliance questions and issues that may arise from various areas throughout the Credit Union.
Stay informed of all laws, regulations, and other information that affect the Credit Union's operations; determines whether internal controls are adequate to ensure compliance with Credit Union goals, objectives, policies, procedures, and applicable laws/regulations while maintaining economical and efficient use of resources
Identify, develop, and document compliance issues and prepare recommendations for improvement; discuss deficiencies, recommend corrective action, and suggest improvements in operations to achieve organizational efficiencies and maintaining regulatory compliance.
Participate in project meetings to provide the compliance perspective to the development of new products and services, or the modification of existing products and services.
Assist in communicating the results of compliance and consulting projects via written reports and oral presentations on a timely basis to management, the President/CEO, the Supervisory Committee, and the Board of Directors
Develop compliance resources and contributes to compliance training materials.
Assist with training staff regarding compliance regulations.
Support the Credit Dispute Specialist(s) on an as-needed basis with reviewing and responding to credit reporting disputes received by the credit union.
Reviews insurance coverage for adequacy and processes insurance related requests\
Prepare and gather information for internal and external audits and NCUA Examinations\
Performs related work as assigned by the Compliance Manager, AVP of Credit Risk and Compliance, and/or Chief Risk Officer.
Pursue professional development opportunities, including external and internal training and professional association memberships, and shares information gained with co-workers
Maintain productive team-oriented client, staff, and management relationships through individual contacts and group meetings
Work overtime upon request of the Compliance Manager, AVP of Credit Risk and Compliance, and/or Chief Risk Officer.
Identify opportunities for gaining efficiencies through the use of technology, and communicate those opportunities to the Compliance Manager, AVP of Credit Risk and Compliance, and/or Chief Risk Officer.
Participate in training activities within your department and with the Learning and Talent Development department; such training helps to ensure staff compliance with Credit Union policies and state and federal regulations and laws. Training activities may also include occasional conference attendance.
Perform other duties and assist other employees, as assigned
Compliance Analyst II:
All of Compliance Analyst I duties and responsibilities.
Demonstrate the ability to independently research a variety of compliance issues.
Demonstrate significant knowledge of relevant laws and regulations affecting the credit union.
Demonstrate the ability to accept increasingly complex duties and responsibilities and perform those additional duties to a satisfactory level.
Performs all tasks consistently and effectively.
Senior Compliance Analyst:
All of Compliance Analyst II duties and responsibilities.
Demonstrate the ability to independently plan, perform, and complete compliance projects.
Assist and mentor team members with less experience in expert areas.
Demonstrate an expert-level knowledge of relevant laws and regulations affecting the credit union.
Performs all tasks consistently and effectively.
Knowledge, Skills, and Abilities Required
Compliance Analyst I:
High school diploma or equivalent required
A bachelor's degree is preferred, preferably in a business-related field
A relevant compliance certification or active pursuit of one such designation is preferred
A high level of interpersonal and communication skills necessary to relate to and empathize with others and to maintain a friendly and positive attitude.
Knowledge of regulatory compliance, financial crimes, and fraud related issues affecting Credit Unions required
Knowledge of management information systems terminology, concepts, and... For full info follow application link.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities