Compliance Analyst II

Navy Federal Credit Union•Vienna, VA

4d•$78,400 - $141,625•Onsite

About The Position

The Compliance Analyst II monitors, researches, analyzes, and interprets local, state, and federal laws and other regulatory authority related to collections practices. The role helps ensure Navy Federal policies and practices comply with applicable legal and regulatory requirements efficiently and professionally, consistent with Navy Federal policy and expectations. The analyst supports business units with compliant policies and procedures, conducts legal and regulatory research, evaluates risk assessments, performs compliance reviews, maintains compliance resources, and advises management on findings and mitigation strategies. The role also contributes to training, audit and regulator responses, member complaint responses, project work, and review of member-facing communications.

Requirements

Compliance or legal analysis experience, or demonstrable knowledge of lending and collections, including FDCPA, UDAAP standards, Equal Credit Opportunity Act, Truth in Lending Act, Fair Credit Reporting Act, Real Estate Settlement Procedures Act, Telephone Communications Practices Act, and applicable local and state collection laws and regulations.
Demonstrated ability to analyze statutes, regulations, and case law, determine applicability or exceptions, and apply relevant facts.
Knowledge of research methods and practices demonstrated through successful research, writing, and/or educational experience in a relevant subject matter area.
Strong interpersonal communication and persuasion skills.
Ability to digest information and clearly and concisely present findings and conclusions orally and in writing.
Proficiency with legal research tools such as Lexis or Westlaw and internet-based technology.
Experience leading collaborative work teams.
Effective oral and written presentation skills.
Bachelor's degree in a related field, or an equivalent combination of education, training, and experience.

Nice To Haves

Certified Compliance Officer (NCCO) or Certified Credit Union Compliance Officer (CUCO) designation, or ability to obtain the certification within the first year of employment.
Knowledge and experience in collections, bankruptcy, repossessions, secured property, enforcement of liens, foreclosure, or litigation.
Compliance or legal analysis experience from prior employment in federal financial institutions, regulators of federal financial institutions, private law firms, or consulting firms.
Knowledge of current compliance issues in the financial services industry.
Knowledge of federal credit union operations, processes, and procedures.

Responsibilities

Support business unit partners in formulating and analyzing policies, procedures, and other operational materials that comply with local, state, federal, and other regulatory authority.
Monitor changes in local, state, and federal regulations, legislation, and agency rulemaking.
Research and analyze legislation, regulations, case law, agency rules, regulatory and examiner opinions, and trade association publications; communicate recommendations orally and in writing to management and business unit partners on complex positions and courses of action.
Review risk assessments, draw conclusions, develop solutions and alternatives, and make recommendations to management.
Develop and maintain compliance databases, matrices, trackers, and other compliance-library resources and materials.
Conduct compliance reviews across business units, advise management of findings, and recommend corrective actions.
Participate in or conduct compliance training sessions with business units.
Serve as a liaison between departments on compliance matters.
Assist Senior Compliance Officers and management in preparing responses to regulators, internal and external audits, and management inquiries.
Review and assist Compliance partners and business units in preparing responses to regulatory member complaints.
Complete required compliance and other training on time and track personal attendance.
Lead collaborative project teams, facilitate and coordinate project work within and across business units, partner with technical project leads as appropriate, and ensure deadlines and implementation are achieved.
Advise management of potential enterprise risk and recommend mitigation strategies.
Review, draft, and approve member-facing communications to ensure compliance with applicable local, state, and federal laws.
Perform other related duties as assigned.