Compliance Analyst

O Bee Credit Union•Lacey, WA

1d•$31 - $47•Onsite

About The Position

O Bee Credit Union is hiring a Compliance Analyst to join our amazing team . This is a full-time role that plays a vital part in supporting our mission, our members, and our one-of-a-kind company culture . What You’ll Do : As our Compliance Analyst , you will play a vital role in implementing the Credit Union’s regulatory compliance program by supporting adherence to applicable laws, regulations, and internal policies. Your primary responsibilities will be monitoring regulatory developments, conducting detailed investigations, and analyzing member activity to identify potential risks. As part of this, you’ll work collaboratively across departments, deliver compliance insights and recommendations, and help mitigate risk through regular reviews, reporting, and training efforts. The Details: Location: Lacey, WA Pay Range: The range for this position is $31.27-$46.90 per hour with a target range of $31.27-$39.09 per hour , depending on relevant experience and qualifications. Why You’ll Love Working Here: Our organization is deeply rooted in the communities we serve, and we take pride in being a part of local events like parades and festivals. First and foremost, we love our members. We offer a competitive benefits package, including: Employer-paid medical, dental, and vision insurance options 100% 401(k) match up to 4% of your salary Tuition reimbursement Charitable Volunteer Hours Incentive pay for achieving individual or company goals Responsibilities: Maintain a thorough and current knowledge of all laws and regulations pertaining to the Credit Union, including the Bank Secrecy Act (BSA), OFAC requirements, the USA PATRIOT Act, Regulations B, Z, CC, E, and other state and federal laws. Monitor and track new or changing laws and regulations while communicating with the impacted department(s) to ensure suitable implementation. Monitor and respond to compliance communications from other departments, branch employees, members, other financial institutions, and law enforcement. Review, investigate, and decision alerts including but not limited to money laundering, sanctions, and unidentified risk factors. Conduct complex and investigative conversations with Members in a manner that balances both service and risk to determine resolution to BSA/AML and other regulatory compliance cases. Complete periodic reviews and produce reports of findings related to various business units and systems for compliance with regulations, policies, and procedures. Areas may include but are not limited to; lending, check holds, overdrafts, OFAC, Customer Due Diligence (CDD), Customer Identification Program (CIP), Beneficial Ownership Information (BOI), Cannabis, SAFE Act. Identify areas of non-compliance or issues that may pose a greater risk to the Credit Union and provide recommendations to assist in risk mitigation. Prepare required BSA/AML reports in compliance with filing deadlines. Conduct complex Enhanced Due Diligence (EDD)/High-Risk Review (HRR) investigations to detect and report Anti-Money Laundering (AML) concerns. Complete in-depth reviews of accounts according to federal “Know Your Customer” (KYC) guidelines. Monitor and track the resolution of complaints while analyzing trends. Conduct internal compliance related presentations. Apply today and be part of something meaningful at O Bee Credit Union. O Bee Credit Union provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran.

Requirements

Must have high school diploma or equivalent. An associate or bachelor’s degree is preferred.
Must have at least two years of credit union or banking experience.
BSA/AML and Compliance certification is preferred.
Excellent verbal and written communication skills.
Excellent organizational and critical thinking skills.
Ability to multitask and prioritize based on due dates and potential risks to the Credit Union.
Ability to manage a fast-paced work environment.
Ability to analyze errors and take appropriate corrective action.
Able to work independently and in a team environment.
Ability to attain and maintain applicable BSA/AML Certifications.

Nice To Haves

An associate or bachelor’s degree is preferred.
BSA/AML and Compliance certification is preferred.

Responsibilities

Maintain a thorough and current knowledge of all laws and regulations pertaining to the Credit Union, including the Bank Secrecy Act (BSA), OFAC requirements, the USA PATRIOT Act, Regulations B, Z, CC, E, and other state and federal laws.
Monitor and track new or changing laws and regulations while communicating with the impacted department(s) to ensure suitable implementation.
Monitor and respond to compliance communications from other departments, branch employees, members, other financial institutions, and law enforcement.
Review, investigate, and decision alerts including but not limited to money laundering, sanctions, and unidentified risk factors.
Conduct complex and investigative conversations with Members in a manner that balances both service and risk to determine resolution to BSA/AML and other regulatory compliance cases.
Complete periodic reviews and produce reports of findings related to various business units and systems for compliance with regulations, policies, and procedures. Areas may include but are not limited to; lending, check holds, overdrafts, OFAC, Customer Due Diligence (CDD), Customer Identification Program (CIP), Beneficial Ownership Information (BOI), Cannabis, SAFE Act.
Identify areas of non-compliance or issues that may pose a greater risk to the Credit Union and provide recommendations to assist in risk mitigation.
Prepare required BSA/AML reports in compliance with filing deadlines.
Conduct complex Enhanced Due Diligence (EDD)/High-Risk Review (HRR) investigations to detect and report Anti-Money Laundering (AML) concerns.
Complete in-depth reviews of accounts according to federal “Know Your Customer” (KYC) guidelines.
Monitor and track the resolution of complaints while analyzing trends.
Conduct internal compliance related presentations.