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SUMMARY
Review credit union policies and procedures to ensure compliance with all related laws and regulations applicable to the credit union. Recommend policy changes to Management and the Board of Directors that will facilitate the credit union’s compliance program, reduce risk, and reflect changes in regulations.
ESSENTIAL FUNCTIONS & JOB RESPONSIBILITIES
On an ongoing basis, review laws and regulations that impact the credit union’s compliance requirements, with emphasis on the Bank Secrecy Act, Patriot Act, and OFAC.
Utilize InfoSight software to evaluate the credit union’s policies, procedures, products, and programs to ensure compliance with applicable laws and regulations. Make recommendations for changes where appropriate. Formulate written policies for Board approval monthly.
Ensure that any change in policy or procedure is communicated to impacted departments and the credit union as a whole, with clarity. Follow up to ensure new procedures are understood and implemented.
Disseminate information, answer questions, and be a subject matter expert for the credit union on all compliance- related issues.
Maintain ongoing risk assessment analysis, while assessing the risk potential of current procedures, and institute new procedures that minimize loss exposure.
Responsible for responding to subpoenas, garnishments, tax levies, account inquires, POA paperwork, and any other additional legal paperwork.
Review transaction reports weekly, filing CTRs & SARs in the allotted time period.
Handle all written and electronic loan and account documentation. Assist in the revision and/or design of forms, products, programs, the WNYFCU website, and promotions to ensure compliance with all State and Federal rules and regulations.
Analyze internal, external, and penetration testing reports, ensure remediation is completed, and report to the board a summary of findings and corrections.
Assist auditors and examiners, making available the information that is necessary to complete their examinations.
OTHER JOB FUNCTIONS
- Backup various EFT/ACH functions
- Annual BSA training for the staff
- Review file maintenance journals
- Vendor management
- OFAC & FINCEN review
- Handle annual abandoned property
- Assist with record retention
- Distribute fraud information to the staff
- New account and new loan auditing
- Perform other duties as required by management.
Job Type: Full-time
Pay: $60,000.00 - $70,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Work Location: In person
