Compliance Specialist

About the role

Manage compliance activities including Verafin alerts, Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), BSA/AML reviews, Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), Watch List and OFAC checks, elder abuse cases, employee fraud investigations, and Unusual Activity Reports (UARs).

Responsibilities

• Review OFIN email alerts and verify member information in XP2 using Social Security Numbers (SSNs).
• Conduct OFAC and Watch List reviews for ACH and wire transactions.
• Monitor deceased accounts, including handling DNE ACH notices, preparing member letters, tracking spreadsheets, and performing monthly follow-ups.
• Serve as subject matter expert for special account types such as Powers of Attorney (POA), Trusts, and Estate accounts.
• Conduct monthly monitoring of high-risk customers and update the list by removing members as necessary.
• Manage dormant accounts, including sending quarterly letters, applying account flags, and reporting fees.
• Maintain notary records, update tracking spreadsheets, and notify employees months in advance of expiration.
• Support vendor due diligence and documentation tracking, including assisting with the collection, organization, and maintenance of vendor compliance records.
• Coordinate annual robbery training for all staff.
• Respond to incoming calls and assist staff with BSA-related questions.
• Assist with reporting, training, and maintaining BSA and OFAC programs.
• Review and submit electronic filings for CTRs and SARs.
• Help maintain and update policy manuals.
• Assist with processing subpoenas, including research, document preparation, and ensuring deadlines are met under the guidance of the BSA/Compliance Officer.
• Prepare assigned BSA/compliance monthly reports.
• Assist with record retention maintenance for the credit union.
• Perform miscellaneous duties as needed.

Requirements

• Minimum one year experience in Compliance within a credit union or bank preferred.
• Required experience opening special accounts, such as trust, rep payee, deceased, business, and personal accounts.

Skills

• Experience with Verafin and XP2 preferred.
• Excellent computer skills with knowledge of Microsoft Office software.
• Strong organizational and analytical skills to resolve member/staff questions or problems.
• Excellent written and oral communication skills.
• Strong interpersonal skills to represent the Credit Union professionally and positively.
• Ability to exercise judgment and maintain confidentiality.
• Ability to complete or resume tasks despite interruptions.
• Ability to work independently and use good judgment.

Physical Demands

• Required to sit for extended periods with occasional work to provide member services.
• Finger manipulations required for data entry into computer, typing correspondence, and operating 10-key calculator.
• Normal range of hearing necessary to communicate by telephone and in person with staff and members.
• Ability to travel to branch locations as needed.

Work Conditions

• Regular workday with occasional overtime.
• Exposed to potentially hazardous conditions (robbery).
• Noise level moderate to high in immediate area.

Pay

$21.63–$36.05 per hour.