Compliance Specialist - Fort Worth
EECU Credit Union, Fort Worth, TX, United States
EECU is looking for a Compliance Specialist that provides effective management of the activities related to the Bank Secrecy Act (BSA), Anti Money Laundering (AML), Office of Foreign Asset Control (OFAC), Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) filings, money service businesses, 314(a) queries, 314(b) information sharing, monetary instrument logs, CTR exemptions, risk assessments, and record‑keeping requirements.
Responsibilities
Maintains programs, processes, and procedures to ensure compliance with BSA/AML and OFAC regulations via testing, data analysis, and investigation of transaction alerts from multiple monitoring systems.
Implements and manages investigative procedures designed to identify high‑risk consumer and business customers and to identify and report BSA reportable transactions.
Collaborates with the Marketing Department to ensure all marketing compliance requirements are met (e.g., loan offers, signage, brochures, media advertising, promotional items, Internet, mobile apps).
Develops and updates compliance policies, procedures, systems, and tools.
Supports branch operations with day‑to‑day compliance related questions and conducts branch visits, as needed, to ensure regulatory compliance. Remains apprised of regulatory changes and assists in the implementation of new and changing regulations.
Ensures compliance with all Federal and State rules and regulations pertaining to BSA, AML, OFAC, NCUA Privacy Regulations, Reg DD, Reg D, Reg E, Reg CC, Reg Z, Reg B, Service Members Civil Relief, FCRA/FACTA, Right to Financial Privacy Act, and ESIGN.
Attends initial and ongoing annual Bank Secrecy Act training.
Provides appropriate support to all organizational departments in compliance with State and Federal rules, laws, and regulations, identifying those that have any bearing on the Credit Union’s operations.
Ensures that staff is adequately trained to assess BSA and compliance issues and resolve them in a timely manner.
Qualifications
Team player with 1 to 3 years of banking compliance and BSA/AML/OFAC experience.
Extensive knowledge of Bank Secrecy Act and OFAC regulations and their application in a financial institution, including SAR and CTR filings, customer due diligence/enhanced due diligence, CIP, and AML compliance and customer risk evaluation.
Strong analytical skills and the ability to interpret state and federal laws and regulations.
Attention to detail and well organized.
Ability to develop and maintain close working relationships with various business units and auditors.
Ability to prioritize duties and responsibilities, perform thorough research, adapt to changing priorities, meet deadlines, organize multiple tasks, and resolve questions/problems in a timely manner.
Excellent oral and written communication skills.
Bachelor’s degree or an equivalent combination of education and work experience.
Preferred experience with VeriFetch.
EECU is an EOE/Vets/Disabled Employer.
We are an Equal Opportunity Employer and do not discriminate against applicants due to veterans' status or on the basis of disability.
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Responsibilities
Maintains programs, processes, and procedures to ensure compliance with BSA/AML and OFAC regulations via testing, data analysis, and investigation of transaction alerts from multiple monitoring systems.
Implements and manages investigative procedures designed to identify high‑risk consumer and business customers and to identify and report BSA reportable transactions.
Collaborates with the Marketing Department to ensure all marketing compliance requirements are met (e.g., loan offers, signage, brochures, media advertising, promotional items, Internet, mobile apps).
Develops and updates compliance policies, procedures, systems, and tools.
Supports branch operations with day‑to‑day compliance related questions and conducts branch visits, as needed, to ensure regulatory compliance. Remains apprised of regulatory changes and assists in the implementation of new and changing regulations.
Ensures compliance with all Federal and State rules and regulations pertaining to BSA, AML, OFAC, NCUA Privacy Regulations, Reg DD, Reg D, Reg E, Reg CC, Reg Z, Reg B, Service Members Civil Relief, FCRA/FACTA, Right to Financial Privacy Act, and ESIGN.
Attends initial and ongoing annual Bank Secrecy Act training.
Provides appropriate support to all organizational departments in compliance with State and Federal rules, laws, and regulations, identifying those that have any bearing on the Credit Union’s operations.
Ensures that staff is adequately trained to assess BSA and compliance issues and resolve them in a timely manner.
Qualifications
Team player with 1 to 3 years of banking compliance and BSA/AML/OFAC experience.
Extensive knowledge of Bank Secrecy Act and OFAC regulations and their application in a financial institution, including SAR and CTR filings, customer due diligence/enhanced due diligence, CIP, and AML compliance and customer risk evaluation.
Strong analytical skills and the ability to interpret state and federal laws and regulations.
Attention to detail and well organized.
Ability to develop and maintain close working relationships with various business units and auditors.
Ability to prioritize duties and responsibilities, perform thorough research, adapt to changing priorities, meet deadlines, organize multiple tasks, and resolve questions/problems in a timely manner.
Excellent oral and written communication skills.
Bachelor’s degree or an equivalent combination of education and work experience.
Preferred experience with VeriFetch.
EECU is an EOE/Vets/Disabled Employer.
We are an Equal Opportunity Employer and do not discriminate against applicants due to veterans' status or on the basis of disability.
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