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Risk and Compliance Specialist

Greenwood Credit Union
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We're seeking a detail-oriented and proactive Risk Compliance Specialist to join our team. This role will play a critical part in ensuring the credit union's compliance with regulatory standards and internal policies. This is a high-impact role ideal for someone passionate about protecting financial integrity and driving a culture of compliance. Greenwood Credit Union is a three-year winner of the Best Places to Work Award. We thrive on a culture of teamwork, growth and service.


General Summary

This role supports the credit union's BSA/AML and OFAC programs, vendor management program and fraud prevention and investigation efforts.


 

Essential Functions

BSA/AML and OFAC

  • Monitors compliance with BSA/AML and OFAC laws, regulations and credit union policies
  • Primary administrator of the credit union's BSA/AML and OFAC screening and transaction monitoring system
  • Reports BSA/AML and OFAC activity, investigates alerts alone or in conjunction with business units, and prepares regulatory filings
  • Performs testing on new accounts to ensure all BSA/AML and OFAC and requirements are met
  • Monitors member activity including initial and ongoing due diligence, periodic reviews, regular regulatory filings, etc.
  • Credit union business line resource for BSA/AML and OFAC guidance
  • Assist with preparing audit, exam and review materials
  • Assist with policy, procedure and training development and implementation

FRAUD

  • Investigates fraud alerts and escalates cases for additional review as needed
  • Assists with documentation, case management, recording and reporting of potential fraud
  • Work with internal and external partners or agencies to resolve fraud cases
  • Assist with policy, procedure and training development and implementation
  • Assist with law enforcement requests, fraud claims request and provide guidance to other business units in event of potential fraud

VENDOR MANAGEMENT

  • Administer the credit union's vendor management system
  • Work with business units to ensure completion of initial and ongoing vendor management tasks
  • Assist business units with collecting and uploading member due diligence documents, completing reviews, updating documents, etc.
  • Support business units in monitoring vendors, vendor management and documentation status
  • Work with business units to serve as a vendor management resource



 

Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

The requirements listed below are representative of the qualifications required of the position:


 

Education and Experience

Experience:

  • At least two years of comparable experience, including work with common credit union systems (e.g.). Verafin, FiServ, Alloya, etc.)
  • Experience in account research, investigation and documentation
  • Knowledge of financial services rules and regulations particularly in BSA/AML, OFAC and vendor management
  • Knowledge of fraud including modalities, trends, risks and reporting
  • Knowledge of Vendor and Learning Management Systems a plus.

Education/Certification

  • A two year college degree or equivalent
    • A BSA/AML and/or fraud investigation certification is preferred
  • Training and experience on systems used by the credit union or their equivalents.

Skills and competencies.

  • Ability to work flexibly, independently and with minimal supervision.
  • Attention to detail and ability to manage time and competing deadlines.
  • Able to effectively communicate with internal and external stakeholders.
  • Ability and willingness to complete education and training through internal and external programs including professional certifications
  • Ability and willingness to participate in professional networks regionally and nationally
  • Ability and desire to remain informed of regulatory changes, changes in risk environment, and emerging trends


 

Abilities

This position requires the ability to:

  • Read, speak and write in English
  • Work productively with minimal supervision
  • Proactively anticipate, prioritize and manage multiple projects and tasks and keep duties well organized
  • Be adaptable to various competing demands and meet deadlines in a fast paced environment
  • Able to maintain confidentiality and handle matters with high level of discretion
  • Interact and communicate with all internal and external contacts in a confident and professional manner
  • Work a minimum of forty (40) hours per week
  • Read and interpret data as it relates to areas within your responsibility such as correspondence, policies, procedures, legal documents, and regulations



For more information, or to apply now, you must go to the website below. Please DO NOT email your resume to us as we only accept applications through our website.

https://greenwoodcu.applicantpro.com/jobs/3808623.html