Compliance Specialist

Description

The Compliance Specialist works closely with the Compliance Officer to ensure the organization complies with all applicable laws, regulations, and internal policies. Core responsibilities include supporting internal audits, preparing compliance reports, and managing key processes such as AML monitoring, CTR/SAR reviews, and FINCEN requests. The role also involves maintaining due diligence documentation and monitoring regulatory changes. Strong attention to detail, regulatory expertise, time management and organizational skills are essential. Prior compliance experience in the financial industry is highly preferred. 

Reports To: Finance Manager

Position:  Hourly, Non-Exempt

Hours: Monday - Friday 8:30am - 5pm (30 min lunch) 

Location: In-office at our 13th Street Branch 

Join the energized team at Kinetic Credit Union!!

Our benefits package is very competitive and is designed to meet the needs of employees and their dependents. Employees are provided with a benefit package that includes paid time off; 11 paid holidays; group insurance such as medical, dental, vision, FSA, life, dependent life and long-term disability; and a 401(k)-retirement plan with matching company contributions. 

General Purpose

Assists in conducting internal audits and provides support for the preparation of reports of reviews performed

Essential Duties/Responsibilities

1. Works closely with the Compliance Officer to insure Kinetic’s compliance with various laws, rules and regulations.
2. Assists in the planning and conducting of audits. This includes, but is not limited to, preparation of monthly reports, quality initiatives, audit planning and scheduling, time budgets, internal audit policy and procedures, and response to on-going supervisory committee requests.
3. Responsible for the AML processes, research and reporting. This includes making recommendations for changes in any risk levels and monitoring risks and reporting to Vice-President of Finance/CFO.
4. Works on the Due Diligence and maintains the Due Diligence files and worksheets.
5. Participates in the Compliance Committee.
6. Completes and/or reviews CTRs and SARs.
7. Alongside Compliance Officer, researches and responds to employee inquiries or legal, regulatory nature and reviews, analyzes new or proposed laws and regulations.
8. Completes SAR (Suspicious Activity Report) when applicable according to policies and procedures set forth by Kinetic Credit Union, in accordance to BSA/AML regulations, and turns over to appropriate parties in a timely manner
9. Attend annual training on BSA/AML to remain current on any changes to these policies and procedures and remain compliant
10. Ensures compliance with the credit union’s and the Bank Secrecy Act/Anti-Money Laundering policies and procedures by monitoring reports designed to detect and prevent money laundering activities.
11. Process and maintain a log of FINCEN 314(a) requests for information sharing and ensure the timeliness in response requirement.
12. Participates in the Community Involvement goals of the credit union.
13. Coordinates various tasks of Compliance Assistant.

Additional Duties/Responsibilities

1. Maintain a database of external and internal recommendations. 
2. Participates in credit union committees and special projects, as requested.
3. Performs other duties as directed by management.
4. Participates, conducts, and helps to develop training in BSA/AML compliance at least annually or as requested.
5. Responsible for completing Information Security Awareness training as directed by management.
6. Responsible for complying with GLBA, Safe Act, Regs B, D, E, CC, Z and other regulatory requirements.

Requirements

Job Qualifications

• Job requires two years of college or an associate degree or a commensurate level of language, math and reasoning skills, at minimum, though a four-year degree in business or accounting is preferred.  
• In addition, the successful candidate should have previous experience working with and maintaining confidential information.  
• Knowledge of credit union products and services, understanding of financial terminology and previous experience working with volunteer leadership is also required.

Technology Requirements

• Employees must have smartphone (iOS or Android) to access company applications for tasks and security purposes. 
• Employees must install and use designated apps for access control and two-factor authentication to access company systems.

Supervisory Responsibilities

None.

Work Environment/Physical Activities 

• Job requires limited physical effort. It is primarily sedentary, involving desk-based work.  
• The job calls for a high degree of mental concentration to interpret and act upon a wide range of situations.  
• The job requires a degree of attention to details.  
• This position does require a flexible schedule as evening and weekend hours are occasionally required.
• Job requires access to credit union’s network and core data processing system. Core system roles are assigned by Divisional Vice President.