Compliance Specialist
University of Hawai`i Federal Credit Union, Honolulu, HI, United States
Compliance Specialist
Join a spirited, dynamic team with Hawai`i's leading credit union as we make a difference in our community providing financial value, exceptional service, and state-of-the-art convenience to our members. This position is responsible for the day-to-day functions with respect to the credit union's compliance programs, such as Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures. Essential functions include: BSA Compliance daily/monthly functions of processing and reviewing reports, and researching identified accounts for suspicious activity. Assists in the periodic review and update of the BSA program. Reviews reports daily to ensure CTRs and SARs are filed timely. Reviews Verafin reports and follows up on suspicious activity. Reviews shared branching transaction data for BSA compliance. Monitors and reviews the Office of Foreign Assets Control (OFAC) Exemption list. Processes FinCEN 314(a) Information Sharing Between Law Enforcement and Financial Institutions. Monitors the SAR reporting tool for staff reporting of any suspicious activity including elder abuse, fraud, etc. Assists in the review and update of disclosures/forms for new regulations and consistency with credit union practice and system set-up. Assists in the review of subpoenas and IRS levies. Assists in researching regulations for compliance of credit union operations. Assists in carrying out credit union compliance programs such as Vendor Due Diligence and Red Flags. Assists in credit/debit card program as required. Assists in ACH, Sharedraft and other electronic services as required. Performs other duties as required. The following duties are completed in an accurate and timely manner: Filing of CTRs and SARs. Review of OFAC exemption list. Review of member due diligence forms. Review of wires, ACH and monetary instrument purchases. Review and update of new vendors and contracts. Qualifications: Education/Certification: Bachelor's Degree or equivalent work experience in the retail financial services field, preferred Required Knowledge: Knowledge of financial institution regulations Basic understanding of MS Office Suite is desired Experience Required: Experience in applying policies and procedures Skills/Abilities: Excellent written and verbal communications skills Able to read and comprehend regulations Able to multi-task and prioritize work Presentation experience Activities and requirements of this position include: Repetitive Motion: Movements frequently and regularly required using wrists, hands, and/or fingers. Communication Skills: Must frequently convey detailed or important instructions of ideas accurately and quickly. Visual Abilities: Average visual acuity necessary to read, prepare and inspect documents or products. Hearing: Able to hear average or normal conversations and receive information. Physical Strength: Sedentary work (sitting most of the time). Able to lift and carry up to 25 lbs. Reasoning Ability: Able to apply common sense understanding to carry-out detailed instructions and to deal with problems involving variables. Mathematics Ability: Able to perform basic math skills including adding, subtracting, multiplying and dividing using a calculator. Language Ability: Able to write complex sentences using normal word order with present and past tenses, as well as a command of the English vocabulary. Working conditions: Air-conditioned, smoke-free office setting. Attendance requirements: Please note that scheduled attendance requirements may change due to business needs. Business hours: Monday through Saturday. Business hours are subject to change. Must be able to work additional hours, weekends, and holidays as needed.
Join a spirited, dynamic team with Hawai`i's leading credit union as we make a difference in our community providing financial value, exceptional service, and state-of-the-art convenience to our members. This position is responsible for the day-to-day functions with respect to the credit union's compliance programs, such as Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures. Essential functions include: BSA Compliance daily/monthly functions of processing and reviewing reports, and researching identified accounts for suspicious activity. Assists in the periodic review and update of the BSA program. Reviews reports daily to ensure CTRs and SARs are filed timely. Reviews Verafin reports and follows up on suspicious activity. Reviews shared branching transaction data for BSA compliance. Monitors and reviews the Office of Foreign Assets Control (OFAC) Exemption list. Processes FinCEN 314(a) Information Sharing Between Law Enforcement and Financial Institutions. Monitors the SAR reporting tool for staff reporting of any suspicious activity including elder abuse, fraud, etc. Assists in the review and update of disclosures/forms for new regulations and consistency with credit union practice and system set-up. Assists in the review of subpoenas and IRS levies. Assists in researching regulations for compliance of credit union operations. Assists in carrying out credit union compliance programs such as Vendor Due Diligence and Red Flags. Assists in credit/debit card program as required. Assists in ACH, Sharedraft and other electronic services as required. Performs other duties as required. The following duties are completed in an accurate and timely manner: Filing of CTRs and SARs. Review of OFAC exemption list. Review of member due diligence forms. Review of wires, ACH and monetary instrument purchases. Review and update of new vendors and contracts. Qualifications: Education/Certification: Bachelor's Degree or equivalent work experience in the retail financial services field, preferred Required Knowledge: Knowledge of financial institution regulations Basic understanding of MS Office Suite is desired Experience Required: Experience in applying policies and procedures Skills/Abilities: Excellent written and verbal communications skills Able to read and comprehend regulations Able to multi-task and prioritize work Presentation experience Activities and requirements of this position include: Repetitive Motion: Movements frequently and regularly required using wrists, hands, and/or fingers. Communication Skills: Must frequently convey detailed or important instructions of ideas accurately and quickly. Visual Abilities: Average visual acuity necessary to read, prepare and inspect documents or products. Hearing: Able to hear average or normal conversations and receive information. Physical Strength: Sedentary work (sitting most of the time). Able to lift and carry up to 25 lbs. Reasoning Ability: Able to apply common sense understanding to carry-out detailed instructions and to deal with problems involving variables. Mathematics Ability: Able to perform basic math skills including adding, subtracting, multiplying and dividing using a calculator. Language Ability: Able to write complex sentences using normal word order with present and past tenses, as well as a command of the English vocabulary. Working conditions: Air-conditioned, smoke-free office setting. Attendance requirements: Please note that scheduled attendance requirements may change due to business needs. Business hours: Monday through Saturday. Business hours are subject to change. Must be able to work additional hours, weekends, and holidays as needed.