Compliance Specialist

Summary:

Under the direction of the Compliance Officer, performs compliance testing to ensure operations comply with internal policies and procedures and state and federal government regulations. Prepares summary reports of testing results. Assists Compliance Officer in identifying process improvements and recommendations for policies and departmental procedures and controls, to mitigate risk and ensure the credit union remains in compliance with applicable guidance. Assists Compliance Team in operational tasks as needed.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The scope of compliance testing includes matters related to or affecting:

• Electronic Fund Transfer Act (Reg E)
• Equal Credit Opportunity Act (Reg B)
• Expedited Funds Availability (Reg CC)
• Customer Identification Program (CIP)/New Account Documentation
• Truth in Savings (TISA) (Reg DD)
• Electronic Fund Transfer Act (Reg E)
• Fair and Accurate Credit Transactions Act (FACTA)
• Fair Credit Reporting Act (FCRA)
• Fair Housing Act (FHA)
• Regulatory expectations regarding unfair, deceptive, or abusive acts or
• Reserve Requirements for Depository Institutions, Rights to Financial Privacy Act (RFPA)
• Flood Disaster Protection Act (FDPA)

• Vendor management
• Truth in Lending Act (Regulation Z)
• Gramm-Leach-Bliley Act (GBLA)
• Fair Debt Collections Practices Act (FDCPA)
• TILA RESPA Integrated Disclosure Rule (TRID)
• Home Mortgage Disclosure Act (HMDA)
• Real Estate Settlement Procedure Act (RESPA)
• Military Lending Act
• Service members Civil Relief Act

• Conduct Testing: Perform testing according to the Compliance Department's periodic and ongoing testing schedule. Review transactional reporting, member forms, existing controls, system settings, and interview department staff to form conclusions regarding whether systems and procedures are performing as desired and as disclosed to members, and that all systems and procedures meet regulatory expectations. Document results on testing checklists, analyze outcomes and review results with the Compliance Officer and VP of Compliance. Document recommendations for correcting or enhancing compliance requirements. Communicate with department leaders to ensure accepted recommendations have been completed and follow-up procedures have been implemented. Recurring testing will include requirements for HMDA, vendor management, and credit union website.
• Audit Preparation: Assist with the preparation for, and coordination of, audits and examinations performed by third Work with the Compliance and BSA Officers to collect requested documentation, complete questionnaires, and upload files for auditor use.

• Credit Union Regulatory Risk Analysis: Review all relevant credit union products and programs affected by state and federal regulations including use of reports, records and software to avoid potential compliance regulation issues. Provide recommendations to remediate issues identified.

• Member Complaints: Review the monthly complaint log for potential violations of regulation such as but not limited to, Fair Lending, Fair Credit Reporting and Fair Debit and Collection Practices. Report any concerns to Compliance Officer and VP of Compliance.

• Complete Compliance Department tasks as assigned: Provide operational back-up to the Compliance and BSA teams for ongoing tasks. Tasks include but are not exclusive to: OFAC reviews, CTR preparation, alert analysis, and 314(a) scan reviews.

• Remain Current in Knowledge: Remain current and be knowledgeable of rules, regulations, and the Federal Credit Union Act, the Bank Secrecy Act (AML/CFT), NCUA standards, bylaws, the Federal Reserve regulations, Consumer Financial Protection Bureau and other regulations.

Qualifications:

Education: Bachelor's degree preferred. Specialized course/training such as certification as a Certified Regulatory Compliance Manager (CRCM) or Certified Credit Union Compliance Officer (CUCO) is a plus. In lieu of education or certification, relevant work experience will also be considered.

Experience: Two to three years of financial institution experience.

Knowledge, Skills, and Abilities: Sound knowledge and understanding of related regulation areas. Knowledge of financial institution rules and regulations; experience applying state and federal financial institution regulations in a banking environment, OFAC and BSA; human relations, written and oral communications and organization skills; computer competencies such as Excel, and Word are essential, ability to work independently with a high level of initiative, and to research and problem solve. Analytical and investigative abilities with attention to detail, accuracy and consistency.

Preferences: Previous experience in a compliance or audit environment or relevant experience in controls or quality testing. Knowledge and use of credit union systems such as Corelation Keystone, Nautilus archiving system, Meridian Link, Q2 and Verafin preferred.

Physical Demand: 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 accommodations 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 sit at a computer for long periods of time, use hands to finger, handle, or feel objects, tools, or controls; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is frequently required to sit, stoop, kneel, or crouch. The employee must frequently lift and/or move up to 25 pounds, and be capable of transporting related supplies and equipment. Specific vision abilities by this job include vision, distance vision, color vision, peripheral vision, depth perception and the ability to focus.

Compensation information: Offers are based on experience and education.

$22.91 - $28.64 per hour

APGFCU provides comprehensive benefits such as: medical and dental (shared expense), vision, 401(k), life and disability insurance, flexible spending account, employee assistance program, referral program, educational assistance, holidays, annual leave and sick leave.

APGFCU is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability to Protected Veteran status. Please use the attached link to view the EEO law poster http://www1.eeoc.gov/employers/poster.cfm

APGFCU is committed to working with and providing reasonable accommodations to persons of all abilities, including persons with disabilities. If you need a reasonable accommodation for any part of the employment process, please send to the Human Resources Department and let us know the nature of your request and your contact information. Reasonable accommodations are considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodations will be responded to from this e-mail address.