Compliance and Risk Management Specialist
4 weeks ago
At Solidarity Community Federal Credit Union, we are seeking a highly skilled Compliance and Risk Management Specialist to join our team. This role is responsible for identifying and investigating fraudulent activities, conducting compliance audits, and ensuring adherence to regulatory requirements.
Key Responsibilities:
- Work closely with the Compliance and Risk Officer to mitigate risks and implement effective compliance strategies.
- Conduct regular audits to ensure adherence to internal policies and regulatory requirements.
- Assist in creating and implementing programs to prevent fraud and enhance compliance.
- Review and analyze negative share reports.
- Assist with related special projects.
- Provide assistance during regulatory reviews and compliance examinations.
- Stay up-to-date with relevant laws, regulations, and best practices in compliance and fraud prevention.
- Conduct training sessions and workshops for staff to educate them about compliance standards, fraud detection techniques, and reporting protocols.
- Work with Verafin account fraud alerts and decide if those alerts should be elevated to cases.
- Serve as the go-to expert for employees when potential fraud or account compromise is detected.
Requirements:
- Bachelor's degree or equivalent in a related field.
- Two to four years of related experience.
- Strong understanding of AML, KYC, BSA, and other relevant laws and regulations.
- Understanding of the Verafin AML system is highly preferred.
- Commitment to excellence and high standards.
- Excellent written and verbal communication skills.
- Excellent presentation skills.
- Strong organizational, problem-solving, and analytical skills.
- Ability to manage priorities and workflow.
- Versatility, flexibility, and a willingness to work within constantly changing priorities.
- Demonstrated ability to plan and organize projects.
- Proficient in Microsoft Office.
- Proven leadership and business acumen skills.
- Proven ability to handle multiple projects and meet deadlines.
- Good judgment with the ability to make timely and sound decisions.
- Creative, flexible, and innovative team player.
Competencies:
- Teamwork
- Member Service
- Project Management
- Oral Communication
- Written Communication
- Organizational Support
- Motivation
- Analytical
- Problem Solving
- Technical Skills
- Interpersonal Skills
- Change Management
- Ethics
- Strategic Thinking
- Judgement
- Initiative
- Attendance/Punctuality
- Dependability
Physical Demands and Work Environment:
- Frequently required to stand.
- Frequently required to sit.
- Continually required to utilize hand and finger dexterity.
- Continually required to talk or hear.
- Occasionally required to lift/carry items less than 25 pounds.
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