Compliance Specialist

Compliance Specialist

EECU is looking for a Compliance Specialist that provides effective management of the activities related to the Bank Secrecy ACT (BSA), Anti Money Laundering (AML), Office of Foreign Asset Control (OFAC), Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) filings, money service businesses, 314(a) queries, 314(b) information sharing, monetary instrument logs, CTR exemptions, risk assessments, and record keeping requirements.

Key Responsibilities For The Compliance Specialist

• Maintains programs, processes and procedures to ensure compliance with BSA/AML and OFAC regulations via testing, data analysis, and investigation of transaction alerts from multiple monitoring systems.
• Implements and manages investigative procedures designed to identify high risk consumer and business customers and to identify and report BSA reportable transactions.
• Collaborates with the Marketing Department to ensure all marketing compliance requirements are met (e.g., loan offers, signage, brochures, media advertising, promotional items, Internet, mobile apps, etc.
• Develops and updates compliance policies, procedures, systems and tools.
• Supports branch operations with day-to-day compliance related questions and conducts branch visits, as needed, to ensure regulatory compliance.
• Remains apprised of regulatory changes and assists in the implementation of new and changing regulations.
• Responsible for compliance of all Federal and State rules and regulations pertaining but not limited to Bank Secrecy Act, Anti-Money Laundering, Bank Bribery Act, OFAC, NCUA Privacy Regulations, Reg DD, Reg D, Reg E, Reg CC, Reg Z, Reg B, Service Members Civil Relief, FCRA/FACTA, Right to Financial Privacy Act, and ESIGN.
• Required to attend initial and ongoing annual Bank Secrecy Act training.
• Provides appropriate support to all organizational departments in compliance with State and Federal rules, laws and regulations, identifying those that have any bearing on the Credit Union's operations.
• Responsible for ensuring that staff is adequately trained to assess BSA and compliance issues and resolve them in a timely manner.

Qualifications And Experience

• A team player with a minimum of one (1) to three (3) years of banking compliance and BSA/AML/OFAC experience
• Extensive knowledge of Bank Secrecy Act and OFAC regulations and their application in a financial institution, including SAR and CTR filings, customer due diligence/enhanced due diligence, CIP and AML compliance and customer risk evaluation
• Strong analytical skills and the ability to interpret state and federal laws and regulations
• Attention to detail and well organized
• Ability to develop and maintain close working relationships with various business units and auditors
• Ability to prioritize duties and responsibilities, perform thorough research, adapt to changing priorities, meet deadlines, organize multiple tasks, and resolve questions/problems in a timely manner
• Excellent oral and written communication skills required
• Bachelor's degree or an equivalent combination of education and work experience
• Preferred experience with Verifen

Additional Information

• Responsible for compliance of all Federal and State rules and regulations pertaining but not limited to Bank Secrecy Act, Anti-Money Laundering, Bank Bribery Act, NCUA Privacy Regulations, Reg B, Reg Z, Reg DD, Reg E, Reg CC, Service Members Civil Relief, and FCRA/FACTA.
• Required to attend initial and ongoing annual Bank Secrecy Act training.

About EECU

For more than 90 years, Fort Worth-based EECU community credit union has been committed to providing members A Better Way of Banking®. Today, EECU is one of the largest credit unions in Texas with $4.4 billion in USD assets and serves over 300,000 members through 21 financial centers across North Texas. In the true spirit of the credit union philosophy “people helping people” EECU was recently honored with the Fort Worth Business Press Corporate Philanthropy Award for employee volunteerism, named Best Bank/Credit Union by the Fort Worth Star Telegram's readers, and became the 1st credit union in Fort Worth to become Blue Zones certified for promoting employee well-being.EECU is an EOE/Vets/Disabled Employer. We are an Equal Opportunity Employer and do not discriminate against applicants due to veterans' status or on the basis of disability. For more information on our organization and benefits please visit EECU Careers at www.eecu.org/careers.

Key skills/competency

• Bank Secrecy Act (BSA)
• Anti-Money Laundering (AML)
• Office of Foreign Asset Control (OFAC)
• Suspicious Activity Report (SAR)
• Currency Transaction Report (CTR)
• Compliance Management
• Risk Assessment
• Regulatory Compliance
• Financial Regulations
• Credit Union Operations