COMPLIANCE COORDINATOR

GENERAL PURPOSE: To represent University Credit Union in a professional manner when reviewing, coordinating, and maintaining compliance with all federal and state regulations and with NCUA regulations. Preparation and maintenance of a regulatory library and all training materials for staff, management and the Board of Directors. All while providing friendly, positive assistance with understanding and sensitivity to the overall active, member driven service and sales culture of University Credit Union. Performs all duties in conformance with University Credit Union policies and procedures, with all Federal and State rules and regulations including BSA/AML/OFCA/CIP/Fact Act and all other applicable regulations. 1. PRIMARY DUTIES AND RESPONSIBILITIES: Prepare and maintain a library of all applicable federal and state laws and regulations. Includes updating as necessary when new updates and regulations become available (NCUA,OFR,CUNA,NAFCU) and any other. Responsible for preparing and distributing executive summaries for all new laws and regulations as well as for changes to existing laws and regulations that impact the Credit Union in a timely manner. Responsible for preparing, maintaining and presenting training materials regarding all regulations as required by law, regulation or Credit Union policy. Assist with all filings of Currency Transaction Reports to make sure they are filed correctly and in a timely manner. Monitor all system reports in reference to all cash activities including the currency transaction reports and branch logs for cash transactions on a daily basis Responsible for daily review of file maintenance logs. Assist with review of all IRA documents received and assist other team members with questions. Daily review and maintenance of members placed on the “Watch List” for suspicious activity. Documents – Retention and Destruction regulatory requirements. Keeping Management and Team up-to-date with changes in regulatory requirements involving BSA/AML/OFAC/SDN. Daily monitoring of alerts in AML Manager. 2. SPECIFIC DUTIES AND RESPONSIBILITES: Prepare a library of all regulations and applicable laws. Includes maintaining complete copies of each regulation/law/act and writing a brief synopsis for each one. Included in the library is the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC), Customer Identification Program (CIP), Fair and Accurate Credit Transactions Act (FACT ACT), USA PATRIOT ACT, and any other regulations as they are implemented by the regulators and lawmakers. Update and maintain the library as updates and new regulations/laws/acts become available. Develop check lists for each regulation/law/act/policies to ensure University Credit Union compliance on an ongoing basis. Work with Management to conduct reviews with the check lists to ensure University Credit Union compliance with all regulations/laws/acts/policies. Review on a daily basis the file maintenance logs from the data processing system and do spot checks on various transactions to ensure compliance with University Credit Union policies and procedures. Responsible for retention of documents and associated logs, etc. Assist Senior Management and Management in implementing any new regulations as required by law. Disseminate information, answer questions and be a subject matter expert for the Credit Union on all compliance-related issues in a positive and professional manner. Keeps management informed of area activities and of any significant problems. Maintains a professional and positive image with Credit Union’s staff, management and outside auditors and examiners. Perform all other duties as assigned. 3. BASIC QUALIFICATION REQUIREMENTS: Bachelor’s degree required, Masters preferred, in Business, Economics, Finance or closely related field. High School diploma or equivalent. Coursework in general office skills a plus. Basic understanding of business functions. Prior experience in a financial environment helpful. Excellent communication and public relations skills. Excellent telephone skills. Proficient PC knowledge and skills (WORD, EXCEL). Well-groomed professional appearance. Well organized and attentive to detail. Ability to clearly articulate verbally and in writing. Ability to multi-task. 4. PHYSICAL REQUIREMENTS / WORK ENVIRONMENT While performing the responsibilities of the job, the team member is required to see, hear, listen, speak and write English to convey or receive detailed or important instructions or ideas accurately and timely. The team member is required to sit / stand and be able to type repetitive keystrokes. Although sedentary work, the team member is occasionally required to walk, reach with arms and hands, to stoop, kneel, crouch, bend, balance, climb or lift and move objects up to 50 lbs. Vision abilities required by this job include close vision and extended viewing of computer screen. Work Environment Works in an office environment; no hazardous or significantly unpleasant conditions, but team member may occasionally be required to perform job duties outside of the typical office setting.