Business Account Compliance Specialist

Kemba Cincinnati Credit Union•West Chester, OH

1d•$24 - $25

About The Position

Responsible for supporting the Compliance Department with daily functions to ensure that Kemba Credit Union, Inc. is in compliance with all state and federal regulations. This includes researching and maintaining compliance documentation, ensuring required information is current and reported to appropriate agencies. Preparing and filing reports with government agencies as directed by law.

Requirements

Understanding of Control, Compliance, and Investigation functions in the financial industry.
Understanding of corporate structures, formation, and operations.
Understanding of estate planning and fiduciary instruments and accounts.
One year to three years of similar or related experience.
Solid analytical and problem-solving skills.
High attention to detail and observant.
Excellent communication skills both verbal and written.
Able to deal with a high volume of requests.
Creative and able to present innovative solutions.
Abilities to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
Ability to read technical journals, abstracts, financial reports, and legal documents.

Nice To Haves

A college degree in Business Administration, Accounting, Finance, Law or related field preferred.
A two-year college degree, completion of a specialized certification or licensing, completion of specialized training courses conducted by vendors, or job-specific skills acquired through an apprenticeship.

Responsibilities

Ensures that all required documentation to open an account is complete by obtaining all Know Your Customer/Member (KYCM) documentation.
Manages new client onboarding business requests received from the branches, Business Development, or the Lending Department.
Processes various types of business entities and fiduciary relationships - partnerships, limited liability companies, corporations, non-profits, holding companies, trusts, guardianships, etc.
Performs initial risk rating of business accounts at onboarding and monitors reasonableness via software for the ongoing account relationship.
Reviews activity and investigation of AML related cases.
Works closely with branch operations and interacts daily with members as required.