Compliance Specialist

Responsibilities

• Maintain current knowledge of applicable laws and regulations, including BSA, OFAC, USA PATRIOT Act, and Regulations B, Z, CC, and E, as well as relevant state and federal requirements.
• Monitor regulatory changes and partner with impacted departments to support timely and effective implementation.
• Respond to compliance-related inquiries from internal teams, members, financial institutions, and law enforcement.
• Review and investigate alerts related to potential money laundering, sanctions, and other risk indicators.
• Conduct member outreach and investigations, balancing service and risk to resolve BSA/AML and compliance-related cases.
• Perform periodic compliance reviews across business areas (e.g., lending, overdrafts, CIP, CDD, BOI, SAFE Act, cannabis banking) and document findings.
• Identify compliance gaps and emerging risks, and recommend mitigation strategies.
• Prepare and submit required BSA/AML reports in accordance with regulatory deadlines.
• Conduct Enhanced Due Diligence (EDD) and high-risk account reviews in alignment with KYC requirements.
• Monitor and track complaint resolution, identifying trends and areas for improvement.
• Deliver compliance training and presentations to internal departments.

Requirements

• Must have high school diploma or equivalent.
• An associate or bachelor’s degree is preferred.
• Must be able to pass a background and credit check.
• At least two years of credit union or banking experience is preferred.
• BSA/AML and Compliance certification is preferred, or the ability to obtain.
• Excellent verbal and written communication skills.
• Excellent organizational and critical thinking skills.
• Able to multitask and prioritize based on due dates and potential risks to the Credit Union.
• Able to manage a fast-paced work environment.
• Able to analyze errors and take appropriate corrective action.
• Able to work independently and in a team environment.