Senior Compliance Analyst - Mortgage

At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad. As a not-for-profit financial institution, we are committed to a people-first approach, reflected in how we serve our Members and treat our employees. Our leadership fosters a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and financial well-being for all.

About the role

The Senior Compliance Analyst will proactively identify and evaluate risks and controls, complete regulatory compliance analysis and research, identify issues and/or areas for improvement in efficiency or effectiveness, and work with management to develop action plans ensuring risks are mitigated and issues corrected. This role operates independently with broad discretion on varied, diverse, and complex assignments, providing guidance and leadership to other Compliance team members.

Responsibilities

• Review and analyze regulatory and legal changes affecting financial institutions to determine applicability and impact to RCU.
• Research regulatory/legal questions for other departments as assigned.
• Present analysis and findings to RCU management.
• Independently work with RCU departments to implement legal requirements and ensure changes to products, services, and processes comply with applicable legal requirements.
• Create and manage compliance programs and training programs.
• Oversee activities of Compliance Analyst(s) as assigned by Compliance Manager.
• Prepare revisions to Credit Union disclosures.
• Prepare written reports and analysis for Compliance management.
• Assist on projects, exams, audits, and other tasks as assigned.
• Provide excellent service to all Members and internal clients.
• Manage projects required to implement regulatory and legal changes, including setting project goals, coordinating efforts between multiple departments, and monitoring for effectiveness.
• Independently work with RCU departments to identify and mitigate risks to the line of business, including compliance, business continuity, and internal controls.
• Research and advise RCUSG Management on Credit Union Service Organization (CUSO) governance requirements.
• Review and analyze regulatory and legal changes affecting insurance agencies and vehicle broker/dealers to determine applicability and impact to RCU Services Group.
• Present analysis and findings to RCU and RCU Services Group Management.
• Independently work with RCU Services Group Management to implement legal requirements and ensure changes to products, services, and processes comply with applicable legal requirements.
• Create and manage RCU Services Group compliance programs and training programs.
• Prepare revisions to RCU Services Group disclosures.
• Prepare written reports and analysis for RCU Services Group Management.
• Administer RCU Services Group licensing process to ensure all corporate and employee licenses are properly maintained.
• Administer annual RCU Services Group reporting.
• Establish goals and work plans for RCU Services Group compliance.
• Prepare compliance reports as needed for RCU Services Group Board.
• Collect and prepare information for both internal and external audits.
• Act as liaison with external compliance auditors.
• Document audit procedures performed or coordinated/supported.
• Maintain audit work papers and documentation.
• Develop and monitor remediation plans resulting from any deficiencies identified in audits.
• Administer compliance testing program and monitor result status.
• Complete status reports and maintain records of time usage.
• Support RCU governance activities.
• Attend training as designated by Compliance Manager.

Requirements

• Comprehensive knowledge of laws, regulations, principles, and processes related to financial institutions.
• Strong analytical/problem-solving, communication, organizational, and interpersonal skills.
• Insight and judgment to initiate timely and appropriate action.
• Meticulous attention to detail.
• Thorough knowledge of and ability to use and navigate internet and intranet applications with proficient skill in Microsoft Office software.
• Ability to oversee work processes and provide guidance and mentorship to junior team members.
• Ability to communicate complex ideas effectively, both verbally and in writing.
• Ability to establish and maintain effective working relationships with diverse groups of people.
• Ability to effectively research and report on complex legal issues.
• Ability to organize, coordinate, and prioritize a variety of activities simultaneously.
• Ability to act independently and confidentially, using discretion and tact.
• Ability to distinguish and manage confidential material and information.
• Ability and desire to work in a team environment, with ability to perform work independently.

Qualifications

• Compliance Officer Certification (NCCO, CUCE, or equivalent) is required.
• Combination of education and experience equivalent to a bachelor’s degree in business, pre-law, or related discipline.
• Minimum of six years’ experience in financial services industry, regulatory compliance, insurance industry, financial institution internal audit, or risk management.

Pay

Base starting range: $100,604 to $132,552 annually, commensurate with experience. The base salary starting range is based on scope and responsibilities of the position, candidate's work experience, education/training, key skills, and internal peer equity.

Benefits

• Competitive medical, dental, and vision insurance, including mental health offerings.
• Employee performance incentive plan.
• Salary advancement through merit increases based on performance.
• 401(k) program with employer match.
• Competitive PTO accrual plus 11 paid company holidays and your birthday off.
• RCU Discounts and Perks:
  • 0.75% discount off RCU standard collateral auto loans.
  • 1% discount on all recreational or boat loan products.
  • 2% discount off Visas and LOC Loans through RCU.
  • 0% interest loan to support employees with various immigration-related expenses (e.g., visa application fees, relocation costs) up to $1,000.
  • 0% interest loan to support employees with expenses associated with the naturalization process up to $15,000.
  • 0% interest on garment, fitness, or home office equipment loan of up to $500.
  • 100% financing for employee-purchased homes.

Physical Requirements

• Ability to attend off-site conferences which may include travel by car or air.
• Ability to stand, bend, stoop, sit, walk, twist, and turn.
• Ability to lift up to 15 pounds occasionally.
• Ability to use a computer keyboard and calculator.
• Work environment is indoors; majority of the time is spent sitting at a desk.