Compliance Officer

University of Hawaii FCU • Honolulu, HI

2d • Onsite

About The Position

The Compliance Officer develops, administers, and monitors programs to ensure compliance with laws, regulations, and rules governing credit union operations and products. The position informs and educates staff and Senior Management about compliance responsibilities and keeps Senior Management apprised of compliance activities and related risk exposure.

The role reviews operations for regulatory compliance; develops and implements compliance training; assists with the Bank Secrecy Act, Red Flags, vendor due diligence, and Enterprise Risk Management programs; interprets and communicates regulatory changes; and ensures forms, disclosures, policies, procedures, and marketing materials comply with applicable requirements. The Compliance Officer also supports management on compliance questions, assists auditors and examiners, responds to subpoenas and other legal information requests, files fidelity bond or related insurance claims, and carries out the credit union’s strategic objectives.

This position works in an air-conditioned, smoke-free office setting. Business hours are Monday through Saturday and may change. Scheduled attendance requirements may change due to business needs; additional hours, weekends, and holidays may be required.

Requirements

• Four-year degree or equivalent work experience.
• Proficiency in MS Office Suite.
• Knowledge of financial institution regulations.
• Experience writing policies, manuals, and procedures.
• Ability to interpret regulations and laws and disseminate information.
• Ability to multitask, work under pressure, and meet deadlines.
• Excellent customer service and interpersonal skills.
• Ability to work in a fast-paced environment.
• Effective, clear verbal and written communication skills.
• Ability to foster teamwork.
• Excellent coaching and mentoring skills.
• Excellent analytical, creative, and problem-solving skills.
• Ability to perform repetitive wrist, hand, and finger movements.
• Ability to frequently convey detailed or important instructions or ideas accurately and quickly.
• Average visual acuity to read, prepare, and inspect documents or products.
• Ability to hear average or normal conversations and receive information.
• Ability to perform sedentary work, sitting most of the time, and lift and carry up to 25 pounds.
• Ability to apply common-sense understanding to detailed instructions and problems involving variables.
• Ability to perform basic math using a calculator.
• Ability to write complex sentences and command the English vocabulary.
• Must be able to work additional hours, weekends, and holidays as needed.

Responsibilities

• Review credit union operations to ensure compliance with regulatory requirements.
• Develop and implement ongoing compliance training programs for the board of directors, management, and staff.
• Assist with the credit union’s Bank Secrecy Act and Red Flags Program.
• Interpret and disseminate regulatory information in a timely manner.
• Ensure forms and disclosures comply with NCUA rules and regulations.
• Create, manage, maintain, and monitor the compliance program as regulations are introduced or changed.
• Provide management with information about rules and regulations and identify their impacts on current operations and services.
• Assist auditors and examiners in reviewing credit union records.
• Receive and respond to subpoenas and related legal requests for information.
• File fidelity bond or related insurance claims.
• Assist with the Credit Union Vendor Due Diligence Program.
• Assist with developing and maintaining the Enterprise Risk Management Program.
• Respond to concerns from management and staff.
• Support and carry out the credit union’s strategic objectives.
• Perform other duties as required.
• Develop, prepare, and monitor budgets.

Benefits

• On-demand pay with early access to earned wages.
• Competitive pay.
• Medical insurance including drug and vision coverage; company pays 100% of employee self-coverage and subsidizes family coverage.
• Dental insurance; company pays 100% of employee self-coverage, with low-cost family coverage.
• Medical and dental plan premium waiver option.
• 401(k) retirement plan with employer match and non-elective contribution.
• Eligible to earn 35 or more paid days off per year.
• Vacation cash-out program.
• Healthcare and dependent care flexible spending accounts.
• Company-paid employee group basic life insurance with AD&D.
• Company-paid long-term disability insurance.
• Voluntary accident recovery, critical illness and cancer, and hospital insurance.
• Employee Assistance Program.
• Employee loan discount.
• Company subsidy of 50% for an adult monthly bus pass.
• Cash reward employee referral program.
• Workiversary cash reward and gifts.
• Internal and external professional development opportunities.

What This Job Offers

• Job Type: Full-time