
Compliance Specialist - Fort Worth
EECU · Fort Worth, TX
- On site
- Full-time
- $65,000 / year
- Fort Worth, TX
Job highlights
- Manage BSA/AML/OFAC compliance programs and processes.
- Investigate transaction alerts and identify high-risk customers.
- Ensure marketing and operational compliance.
- Develop and update compliance policies and procedures.
- Train staff on BSA and compliance issues.
About the role
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
Skills & topics
- Compliance Specialist
- BSA
- AML
- OFAC
- SAR
- CTR
- Financial Compliance
- Banking Regulations
- Risk Management
- Credit Union Compliance
How to get hired
- Tailor your resume: Highlight your 1-3 years of banking compliance, BSA/AML/OFAC experience, and specific knowledge of SAR/CTR filings.
- Showcase analytical skills: Emphasize your ability to interpret state and federal regulations and attention to detail.
- Demonstrate collaboration: Provide examples of maintaining relationships with business units and auditors.
- Prepare for interviews: Be ready to discuss your experience with financial regulations and problem-solving abilities.
- Research EECU: Understand their commitment to 'A Better Way of Banking' and community focus.
Technical preparation
Master BSA, AML, and OFAC regulations thoroughly.,Practice analyzing transaction alerts and risk data.,Familiarize yourself with SAR and CTR filing procedures.,Study compliance policies and regulatory updates.
Behavioral questions
Describe a complex compliance issue you resolved.,How do you ensure attention to detail?,How do you prioritize tasks with competing deadlines?,Explain how you collaborate with different departments.
Frequently asked questions
- What are the primary responsibilities of a Compliance Specialist at EECU?
- As a Compliance Specialist at EECU, your primary responsibilities will involve managing the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Asset Control (OFAC) programs. This includes investigating transaction alerts, identifying high-risk customers, ensuring marketing compliance, developing policies, and supporting branch operations with regulatory questions.
- What experience is required for the Compliance Specialist role at EECU?
- EECU requires candidates to have a minimum of one to three years of experience in banking compliance, specifically with BSA/AML/OFAC regulations. A strong understanding of SAR and CTR filings, customer due diligence, and risk evaluation is essential. A Bachelor's degree or equivalent experience is also necessary.
- What key regulations does the Compliance Specialist need to be familiar with at EECU?
- The Compliance Specialist at EECU must be knowledgeable about a wide range of Federal and State regulations, including but not limited to the Bank Secrecy Act, Anti-Money Laundering, OFAC, NCUA Privacy Regulations, Reg DD, Reg E, Reg CC, Reg Z, Reg B, Service Members Civil Relief Act, FCRA/FACTA, and ESIGN.
- Is there a preferred software experience for EECU's Compliance Specialist role?
- Yes, EECU has a preference for candidates who have experience with Verifen. While not strictly mandatory, having this experience can enhance your application for the Compliance Specialist position.
- How does EECU support employee well-being and professional development for its Compliance Specialists?
- EECU emphasizes employee well-being, as evidenced by their Blue Zones certification. They also offer resources and information on their careers page (www.eecu.org/careers) for professional development, supporting their 'people helping people' philosophy.