Compliance Specialist

University of Hawaii FCU•Honolulu, HI

4d•Onsite

About The Position

This position is responsible for the day-to-day functions with respect to the credit union’s compliance programs, such as Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures.

Requirements

Knowledge of financial institution regulations
Basic understanding of MS Office Suite is desired
Experience in applying policies and procedures
Excellent written and verbal communications skills
Able to read and comprehend regulations
Able to multi-task and prioritize work
Presentation experience
Movements frequently and regularly required using wrists, hands, and/or fingers.
Must frequently convey detailed or important instructions of ideas accurately and quickly.
Average visual acuity necessary to read, prepare and inspect documents or products.
Able to hear average or normal conversations and receive information.
Sedentary work (sitting most of the time). Able to lift and carry up to 25 lbs.
Able to apply common sense understanding to carry-out detailed instructions and to deal with problems involving variables.
Able to perform basic math skills including adding, subtracting, multiplying and dividing using a calculator.
Able to write complex sentences using normal word order with present and past tenses, as well as a command of the English vocabulary.

Nice To Haves

Bachelor’s Degree or equivalent work experience in the retail financial services field, preferred

Responsibilities

BSA Compliance – daily/monthly functions of processing and reviewing reports, and researching identified accounts for suspicious activity.
Assists in the periodic review and update of the BSA program.
Reviews reports daily to ensure CTRs and SARs are filed timely.
Reviews Verafin reports and follows up on suspicious activity.
Reviews shared branching transaction data for BSA compliance.
Monitors and reviews the Office of Foreign Assets Control (OFAC) Exemption list.
Processes FinCEN 314(a) Information Sharing Between Law Enforcement and Financial Institutions.
Monitors the SAR reporting tool for staff reporting of any suspicious activity including elder abuse, fraud, etc.
Assists in the review and update of disclosures/forms for new regulations and consistency with credit union practice and system set-up.
Assists in the review of subpoenas and IRS levies.
Assists in researching regulations for compliance of credit union operations.
Assists in carrying out credit union compliance programs such as Vendor Due Diligence and Red Flags.
Assists in credit/debit card program as required.
Assists in ACH, Sharedraft and other electronic services as required.
Performs other duties as required.

Benefits

On-demand pay through our financial wellness provider
Medical Insurance which Includes Drug and Vision; Company pays 100% of Employee's Self-Coverage; PLUS, a Company Paid Subsidy Towards Family-Coverage
Dental Insurance; Company Pays 100% of Employee's Self-Coverage and Employee Pays for Low-Cost Family-Coverage
Medical and Dental Plan Premium Waiver Option
401(k) Retirement Plan with Employer Match and Non-Elective Contribution (NEC)
Eligible to Earn Thirty-Five (35+) Paid Days Off a Year
Vacation Cash-Out Program
Flexible Spending Accounts: Healthcare and Dependent Care (Pre-Tax Benefit)
Company Pays for Employee Group Basic Life With AD&D Insurance
Company Pays for Employee Long Term Disability Insurance
Voluntary Accident Recovery, Critical Illness + Cancer, and Hospital Insurance
Employee Assistance Program (EAP)
Employee Loan Discount
Company Subsidizes 50% for Adult Monthly Bus Pass
Cash Reward Employee Referral Program
Workiversary Cash Reward and Gifts
Internal and External Professional Development Opportunities