Compliance Specialist II

Park Community Credit Union•Louisville, KY

About The Position

The Compliance Specialist II supports Park Community Credit Union’s Compliance Management System (CMS) and Enterprise Risk Management (ERM) programs. The role conducts risk-based compliance monitoring, facilitates enterprise-wide risk assessments, identifies regulatory and organizational risks, evaluates internal controls, and tracks findings and remediation. The specialist monitors emerging risks, supports risk reporting, and collaborates with business units to strengthen controls, enhance regulatory compliance, and promote risk awareness and accountability. The position applies established regulations, policies, procedures, CMS methodologies, ERM methodologies, risk criteria, and risk appetite and tolerance parameters. It prepares documentation and recommendations for management review, maintains risk and governance information, and escalates significant, elevated, complex, or unprecedented matters to the Compliance and Risk Manager or other management as appropriate. The specialist also supports regulatory change monitoring, risk trend analysis, risk event tracking, and management reporting. The role requires collaboration with employees and leaders across business functions and adherence to the credit union’s policies, security requirements, and Bank Secrecy Act and anti-money laundering procedures.

Requirements

Three to five years of experience in regulatory compliance, enterprise risk management, or a closely related field.
A bachelor's degree in business administration, finance, risk management, or a related field; or industry-recognized professional certifications such as CUCE, CRCM, or CERP in lieu of a degree.
Ability to work effectively with employees and leaders across business functions to obtain information, discuss findings, explain regulatory or risk requirements, and support remediation while maintaining professional and collaborative relationships.
Ability to apply established regulations, policies, procedures, ERM methodologies, risk criteria, and prior precedent to assigned work.
Sound judgment in analyzing information and developing recommendations, recognizing matters requiring guidance, and appropriately escalating significant, complex, or unprecedented issues.
Strong organization, attention to detail, written and verbal communication, time management, and follow-through.
Proficiency with common Microsoft Office applications and ability to learn compliance, audit, and risk-management systems.
Ability to meet the described physical demands, with reasonable accommodations where required by law.

Responsibilities

Conduct risk-based compliance monitoring and testing across lending, deposits, and other operational areas.
Identify and document compliance gaps and regulatory exposure, and develop recommended enhancements for management review.
Escalate significant findings and matters requiring interpretation or additional direction to the Compliance and Risk Manager.
Coordinate and facilitate departmental risk assessments using established ERM methodologies, risk criteria, and risk appetite and tolerance parameters.
Gather and analyze information about inherent and residual risks, controls, and emerging risks; document proposed assessments and ratings; and submit significant or elevated matters for management review and approval.
Maintain risk profiles, risk registers, and key risk indicators to support enterprise-wide risk visibility.
Partner with business units to assess and document the design and operating effectiveness of internal controls.
Identify control gaps, evaluate existing risk mitigation activities, and develop recommendations for management consideration.
Maintain documentation of risk ownership, control activities, and action plans.
Escalate exposures that may exceed established risk appetite or tolerance levels.
Identify, investigate, and document compliance findings, control deficiencies, and emerging regulatory risks.
Perform root-cause analysis and develop recommended corrective actions with appropriate stakeholders.
Monitor outstanding corrective action plans and follow up with responsible stakeholders.
Escalate significant findings, elevated risk exposures, and matters outside established precedent for management review and approval before communicating them to the business line.
Support CMS and ERM activities through regulatory change monitoring, risk trend analysis, risk event tracking, and maintenance of governance documentation.
Prepare risk reports, analyses, and supporting information for management review and decision-making.
Maintain accurate and timely information in applicable compliance and risk-management systems.
Run OFAC searches and complete investigative reports of suspicious activity and currency transaction reports timely and without error, in accordance with BSA and AML policies and procedures.
Keep management informed of key operational issues affecting the department and follow applicable credit union policies and security procedures.
Perform other job-related duties as assigned.