Compliance Specialist

Essential Functions & Responsibilities:

• Performs various daily, weekly, and monthly duties related to analyzing and monitoring data required by the Bank Secrecy Act, U.S. Patriot Act and OFAC compliance.


• Analyzes data and determines if regulatory reporting is required, gathers supporting documentation, creates reports as required and manages deadlines for regulatory responses in accordance with policies and procedures.


• Performs various daily, weekly and monthly duties related to analyzing and monitoring suspicious activity and high-risk accounts to maintain regulatory requirements. Requires critical thinking to analyze data, derive facts, and utilize independent judgment on the best course of action.


• Serves as a point of contact for Credit Union employees to educate and support the information related to specific duties by phone, email and our internal training program. Provides internal and external member support by phone, email and mail.


• Develops, maintains and implements procedures related to specific duties. Prepares various status reports/metrics for management related to specific duties.


• Analyzes account activity to determine service restrictions or account closures based on risks and completes the necessary action within regulations, policies, and procedures.


• Performs other job-related duties as assigned.

Performance Measurements:

1. No findings from our NCUA and internal audits.


2. Maintain current knowledge and ensure compliance with all rules and regulations concerning specific job responsibilities.


3. Meet required deadlines and provide timely support.


4. Maintain confidentiality for all information.


5. Provide informed, professional, accurate service and support to all members, employees, and law enforcement contacts.

Knowledge and Skills:

Experience: One to three years of similar or related experience in a credit union or financial institution is preferred. In addition, a base knowledge of Anti-Money Laundering, Countering the Financing of Terrorism, OFAC, Fraud, and/or Compliance program is preferred.  

Education: (1) A high school education or GED or (2) Completion of a specialized course of study at a business or trade school, or (3) BSA certification preferred or willing to obtain BSA certification within a specified time period is required or three to five years of similar or related experience.

Interpersonal Skills: Work involves significant personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, obtaining information, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills: 1. Must be able to conduct detailed account research utilizing online systems, Image system, word processing, fax and copy machines, spreadsheet programs and video/DVR equipment.

2. Requires excellent communication skills, both written and verbal, in order to professionally interact with employees, members and law enforcement agencies.

3. Must possess good organizational skills and the ability to work with multiple priorities necessary to meet deadlines.

4. Ability to work with cross-functional teams in a high-stress, fast-paced and rapidly changing environment.

5. Strong work ethic and desire to enhance the knowledge base, technical skills and self-motivation.

6. Ability to handle ambiguity and adapt to shifting objectives.

7. Ability to analyze data and derive facts.

8. Strong problem-solving and decision-making skills.

9. Must be able to conduct thorough research, interpret laws and regulations, and provide workable recommendations and solutions to meet regulatory compliance requirements.

Physical Requirements: Light lifting is required.