Compliance Analyst 1 or 2

Numerica Credit Union•Spokane Valley, WA

1d•$28 - $48•Hybrid

About The Position

We are hiring for one position at a level 1 or 2 depending on experience. With the goal of enhancing lives, fulfilling dreams and building communities, this position is responsible for assisting the Compliance department in various matters for the benefit of Numerica Credit Union and its members. This role requires the ability to perform each essential duty satisfactorily, with reasonable accommodations made for individuals with disabilities. The position involves maintaining knowledge of rules, regulations, and industry standards, executing rate changes, monitoring legal and regulatory changes, and assisting in the implementation of the Compliance Management System. The analyst will provide compliance guidance, act as an independent review body, research and respond to promotional inquiries, develop and execute risk-based self-assessments, and participate in discussions of observations and findings. The role also involves identifying compliance vulnerabilities, developing corrective action plans, and maintaining knowledge of Numerica's products and services. Additionally, the analyst will answer staff regulatory questions, assist during regulatory examinations, and perform other compliance-related duties and administrative tasks. Maintaining knowledge of BSA regulations and adhering to internal and external policies is crucial. The position emphasizes incorporating CARES Principles into daily behaviors: Connect, Ask, Resolve, Elevate, and Strengthen.

Requirements

Bachelor’s degree plus 3 to 5 years of experience in a financial institution with at least three years in a compliance, audit or risk role OR equivalent combination of education and experience acquired in a credit union, bank, financial institution, or similar field
Requires general knowledge of financial institution operations, banking laws and regulations.
Bachelor’s degree plus 5 to 8 years of experience in a financial institution with at least five years in compliance, audit or risk role. Requires advanced knowledge of financial institution operations, banking laws and regulations OR equivalent combination of education and experience acquired in a credit union, bank, financial institution, or similar field.
Must have excellent written and verbal communication skills, including good grammar and diction; good organizational skills, with the ability to manage multiple priorities and change attention and focus quickly.
Must be able to instruct others and be able to maintain a cooperative attitude with other staff. Work frequently involves discussion of problems and resolving issues impacting departments.
Possess significant level of trust and diplomacy.
A pleasant, friendly disposition is a must and the ability to remain calm in high-pressure situations is essential to success in this position.
Possess the ability to motivate, influence, and train others.
Must be proficient in Microsoft Word, Excel, Outlook and computer applications.
Good typing skills.
Ability to conduct research independently.
Analytical and editing skills.
Ability to lift up to 25 pounds

Nice To Haves

Demonstrated experience in consumer and/or mortgage lending/compliance.
One of the following professional designations / certifications is recommended. NAFCU Certified Compliance Officer (NCCO), CUNA Credit Union Compliance Expert (CUCE), Certified Regulatory Compliance Manager (CRCM), Certified Community Bank Compliance Officer (CCBCO) or similar.
One of the following professional designations / certifications is required. NAFCU Certified Compliance Officer (NCCO), CUNA Credit Union Compliance Expert (CUCE), Certified Regulatory Compliance Manager (CRCM), Certified Community Bank Compliance Officer (CCBCO) or similar.

Responsibilities

Assist the Compliance Officer and department as directed.
Maintain knowledge of rules, regulations and industry standards related to regulatory compliance and any other matters of interest to the credit union.
Execute and manage rate changes for deposit and lending products, ensuring accuracy and compliance with internal policies.
Monitors changes and amendments to the laws and regulations, which affect the credit union’s operations and partner with applicable areas on operational impact of such changes.
Assist in the implementation and support of the Compliance Management System.
Provide compliance guidance and support, serving as project team member or consultant on departmental and organizational projects. Successful resolution of compliance and operational issues relating to assigned project work.
Act as an independent review and evaluation body to ensure that compliance issues / concerns within the organization are being appropriately evaluated, investigated and resolved as directed.
Assist in researching and responding to MarCom questions on contest and promotional drawings.
Develop and execute risk-based self-assessments in accordance with established plans following department procedures to review credit union processes and procedures.
Participate in oral discussion of observations / findings / issues with appropriate personnel and provide written report of findings and issues.
Identify potential areas of compliance vulnerability and risk; develop and implement corrective action plans for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situations in the future.
Responsible for the independent planning, execution and delivery of work within established deadlines.
Maintain current knowledge of Numerica products, services and operational practices and apply this knowledge to all work.
Answer staff regulatory questions.
Assist Compliance staff during regulatory examinations, as requested.
Perform other compliance-related duties for overall effectiveness of the position, and various administrative tasks.
Maintains knowledge and adheres to all BSA regulations and compliance standards on internal and external policies.
Serve as project manager, project team member, or consultant on departmental and organizational projects. Provide direction and guidance to compliance department staff on project tasks based on experience.
Lead discussion of observations / findings / issues with appropriate personnel and provide written report of findings and issues including recommendations for improvements.
Assist in the record retention / destruction process in compliance with state and federal law.
Actively participate in compliance audits and regulatory examinations; make necessary preparations for internal audits or regulatory exams; coordinate responses to such; ensure deficiencies identified are corrected.
Coordinate educational and training programs focusing on elements of the compliance program to ensure staff is knowledgeable of applicable federal, state and industry standards.
Provide back-up support for Compliance Analyst I tasks and responsibilities.