Regulatory Compliance Specialist

1 week ago


Oswego, Illinois, United States Educational Federal Credit Union Full time
Job Summary

The Compliance Analyst plays a critical role in ensuring Educational Federal Credit Union's compliance with all applicable regulatory requirements. This position coordinates compliance initiatives with other departments in accordance with business plans, tracks compliance management centrally, and serves as a liaison with various business units when compliance updates are required.

Key Responsibilities
  • Conduct regular compliance assessments and quality control reviews to test and monitor compliance with laws and regulations.
  • Centrally track compliance-related policies and procedures and provide for timely reviews.
  • Interpret existing and emerging regulations and make procedural recommendations that bring improvement to operations, risk, and compliance functions.
  • Utilize internal and external resources to gain a deeper understanding of practices and processes and compliance implications.
  • Assist project managers with interdepartmental special projects relating to EdFed's Compliance Program.
  • Provide support to business units regarding development and implementation of new compliance policies, disclosures, and procedures as well as training programs.
  • Evaluate business units throughout the organization to understand workflows, processes, data collection, reporting needs, and other technical issues that support the compliance processes.
  • Assist during regulatory examinations and external audits.
  • Assist with compliance-related risk assessments.
  • Maintain current knowledge of federal and state laws and regulations.
  • Assist in reporting on the status of regulatory compliance activities to executive management and the Board of Directors, as applicable.
Requirements
  • Associate's degree or equivalent combination
  • 4 -7 years of regulatory compliance or audit in the financial services industry.
Preferred Qualifications
  • National Association of Federal Credit Union Certified Compliance Officer (NCCO), Credit Union National Association Credit Union Compliance Expert (CUCE), or Certified Regulatory Compliance Manager (CRCM) designation required or must be obtained within 12 months of employment.
  • Working knowledge of federal regulations for financial institutions.
  • Ability to think strategically, conceptually and analytically including strong organizational skills.
  • Strong attention to detail and solid interpersonal, written and verbal skills.
  • Ability to meet deadlines and manage changing priorities with limited direction.
  • Advanced proficiency with Microsoft Office.
  • Maintain the confidentiality of the Credit Union and member records at all times.
  • Advanced knowledge of EdFed products and services.
Benefits
  • Paid Holiday
  • Paid Birthday
  • Paid Sick and Personal Days
  • Paid Vacation
  • Retirement/401K with matching contributions
  • Medical, Dental and Vision Insurance
  • Life Insurance and Long Term Disability
  • Tuition reimbursement for Undergraduate and Graduate courses
  • Various Incentive Programs
  • Career opportunities


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