Role:

Responsible for ensuring the policies and procedures of the Credit Union comply with the appropriate laws and regulations. Analyzes new and pending laws that could directly effect the Credit Union's current practices. Develop and revise current policies and procedures to ensure compliance. Ensures all effected areas of the Credit Union are kept informed of changing laws and procedures for implementation to be completed at the appropriate time. Serves as the Credit Union’s Bank Secrecy Officer. Oversees the BSA Specialist and Quality Assurance Specialist.

Essential Functions & Responsibilities:

·         Develops and implements a compliance program to effectively review areas of the Credit Union for compliance.

·         Responsible for the overall compliance with Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Assets Control and Customers Information Program regulations.

·         Coordinates projects that involve information disclosure and policy changes to inform staff of procedures that must be complied with.

·         Prepares and presents periodic reports to the Board of Directors concerning the Credit Union's current record of compliance.

·         Coordinates and conducts investigations of suspected and/or actual internal/external fraud.

·         Reviews, revises, and develops credit union forms, contracts, agreements, and disclosures to ensure compliance with applicable laws, rules and regulations. Interfaces with legal counsel and/or bonding agencies to ensure that the terms and conditions set forth within the applicable forms, contracts, agreements, and disclosures are accurate, complete and meet the needs of and properly protect the credit union.

·         Responsible for the Record Retention, Vendor Management and the Identity Red Flags Programs along with maintaining/updating said policies.

·         Responsible for assigning annual compliance training to the staff of the credit union and to new employees.

·         Assists in the preparation for regulatory examinations and Audits.

·         Reviews Business Account documentation and provides the final decision on Business Account openings.

·         Performs other job-related duties as assigned, including but not limited to Escheatment, CUCB Fraud Analyzer, MOBSA, Account Restrictions, subpoenas and complaints.

Knowledge and Skills:

Experience:

Five years to ten years of similar or related experience.

Education:

A college degree or significant background and experience in related field

Interpersonal Skills:

A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature. Work may involve motivating or influencing others.

Other Skills:

Good Communication Skills.