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Risk Assessment and Compliance Officer

2 months ago


Juneau, Alaska, United States Credit Union 1 Full time

Position Overview:

The Compliance and Risk Management Specialist will be responsible for analyzing and interpreting regulatory and legal modifications that impact financial institutions, ensuring that Credit Union 1 adheres to all applicable laws.

Conduct thorough research on regulatory inquiries for various departments as needed.
Prepare and deliver comprehensive analysis reports and findings to management to support informed decision-making.
Collaborate with internal departments to implement legal mandates and guarantee compliance with relevant regulations.
Develop and oversee compliance and training initiatives.

Review marketing materials, forms, correspondence, and disclosures for compliance with legal standards as assigned.

Revise Credit Union disclosures as necessary.
Assist in the preparation of written reports and analyses for the Compliance Management team.
Collect documentation for and manage projects, examinations, audits, and other assignments as required.
Provide exceptional service to all internal and external members.

Lead projects aimed at implementing regulatory and legal updates, including setting objectives, coordinating efforts across departments, and monitoring effectiveness.

Oversee the compliance review schedule and complete reviews as designated. Support the implementation of recommendations based on findings.

Policy and Procedure Compliance:
Ensure that the credit union adheres to established policies, procedures, and standards, and conduct periodic reviews.
Execute compliance reviews in accordance with an annual plan approved by the Compliance Manager.
Report findings from compliance reviews and offer suggestions for enhancements to the Compliance Manager.
Assist the Compliance Manager in preparing policy, procedure, or standard review reports for stakeholders.

Work independently with various departments to identify and mitigate risks associated with business operations, including compliance, business continuity, and internal controls.

Gather and prepare information for business continuity planning.
Report outcomes of enterprise risk assessments and provide recommendations for improvements to the VP of Risk & Compliance.
Support the CFO or VP of Risk & Compliance in documenting the enterprise risk management framework.
Assist with reports for Risk Management Committee meetings.
Monitor the Risk Assessment Calendar and communicate with management regarding upcoming assessments.

Additional Duties:
Maintain current knowledge of industry regulations and translate these expectations to management.
Refer complex or sensitive issues to the Compliance Manager.
Exhibit a high level of proficiency in and adherence to Compliance and Enterprise Risk Management policies and procedures.
Demonstrate competence in utilizing Enterprise Risk Management and Risk Assessment software.
Meet established standards and deadlines for assigned responsibilities.
Perform other duties as assigned.

Qualifications:
A bachelor's degree in business administration, accounting, or a related field is preferred.
At least two (2) years of internal or external auditing experience is preferred.
A minimum of three (3) years of experience in risk management and/or compliance is preferred.
Relevant job experience that aligns with educational and risk management/compliance experience will be considered.
Compliance Officer Certification (NCCO, CUCE, or equivalent) is advantageous.

Must comply with policies related to the Bank Secrecy Act, anti-money laundering laws, and Office of Foreign Assets Control regulations.


Eligibility:

Applicants must be legally authorized to work in the United States without restrictions.

Credit Union 1 does not provide visa sponsorship.
Only candidates who meet the minimum qualifications for this position will be considered for an interview. This position remains open until filled.

Background Screening:

Candidates selected for this role will undergo a criminal background check prior to employment.

An employment offer may be rescinded or terminated based on the results of the background screening.

EEO Statement:

Credit Union 1 is committed to providing equal employment opportunities to all employees and applicants, prohibiting discrimination and harassment of any kind.


E-Verify Statement:

Credit Union 1 participates in E-Verify and will provide the federal government with your form I-9 information to confirm your eligibility to work in the U.S.