Job Description
Job Description
Role:
The Compliance Specialist I supports the Compliance Department in maintaining the credit union's adherence to applicable federal and state laws, regulations, and internal policies. This role assists with compliance monitoring, regulatory research, documentation, and training support across lending, deposit, and operational areas, and serves as custodian of the credit union's library of letters, forms, and notices. The position reports to the SVP of Compliance.
Essential Functions & Responsibilities:
- Maintain and manage the credit union's library of letters, forms, notices, and disclosures - tracking required updates from regulatory changes and internal policy revisions, routing revised documents through the approval process, and ensuring only current, approved versions are available for use. Assist with reviewing marketing materials, disclosures, forms, and member communications for regulatory accuracy prior to publication.- Manage the credit union's document retention program within the document management system, including reviewing records scheduled for purge to verify retention requirements are satisfied before destruction is approved. Assist with the review of credit union policies to ensure regulatory compliance, recommending updates in response to new or amended regulations. Conduct regulatory research and summarize new or amended regulations, assisting with impact assessments and policy updates.- Process subpoenas, levies, garnishments, and other law enforcement and legal requests, verifying validity, coordinating timely responses, and maintaining documentation of each request.- Respond to routine compliance questions from branch and back-office staff, escalating complex matters to the SVP of Compliance. Maintain compliance records, tracking logs, and documentation in support of examinations, audits, and internal reviews.- Serve as a cross-trained backup to the BSA/AML team, performing BSA functions including alert review and dispositioning, SAR/CTR support, and enhanced due diligence (EDD) during absences or periods of elevated volume, as needed.- Performs other related duties as assigned.
Knowledge and Skills:
ExperienceOne year to three years of similar or related experience.
Education
(1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
Interpersonal SkillsWork involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.