Compliance Specialist

Kinetic Federal Credit Union•Columbus, GA

3d•Onsite

About The Position

The Compliance Specialist works closely with the Compliance Officer to help ensure Kinetic Credit Union complies with applicable laws, regulations, and internal policies. The role supports internal audits and the preparation of reports, and manages compliance processes including AML monitoring, CTR and SAR reviews, due diligence documentation, and FINCEN information requests. It also monitors regulatory changes, supports compliance training, and coordinates tasks of the Compliance Assistant. The position reports to the Finance Manager and is hourly, non-exempt. It is in-office at the 13th Street Branch, with standard hours of Monday through Friday, 8:30 a.m. to 5:00 p.m. with a 30-minute lunch; evening and weekend hours are occasionally required.

Requirements

At least two years of college, an associate degree, or a commensurate level of language, math, and reasoning skills.
Previous experience working with and maintaining confidential information.
Knowledge of credit union products and services.
Understanding of financial terminology.
Previous experience working with volunteer leadership.
Ability to use a smartphone running iOS or Android for company applications and security purposes, and to install and use designated access-control and two-factor-authentication apps.
Strong attention to detail, regulatory expertise, time management, and organizational skills.
Ability to meet occasional evening and weekend work requirements.

Nice To Haves

A four-year degree in business or accounting.
Prior compliance experience in the financial industry.

Responsibilities

Work closely with the Compliance Officer to support compliance with laws, rules, regulations, and internal policies.
Assist with planning and conducting audits, including preparing monthly reports, supporting quality initiatives, audit planning and scheduling, time budgets, internal audit policies and procedures, and responses to supervisory committee requests.
Manage AML processes, research, and reporting; recommend changes to risk levels, monitor risks, and report to the Vice-President of Finance/CFO.
Maintain due diligence files and worksheets.
Participate in the Compliance Committee.
Complete and/or review CTRs and SARs, and prepare SARs when applicable according to credit union policies and BSA/AML regulations.
Research and respond to employee inquiries of a legal or regulatory nature and review and analyze new or proposed laws and regulations alongside the Compliance Officer.
Attend annual BSA/AML training and help develop, conduct, and deliver BSA/AML compliance training at least annually or as requested.
Monitor reports designed to detect and prevent money laundering activities and ensure compliance with the credit union’s and BSA/AML policies and procedures.
Process and maintain a log of FINCEN 314(a) information-sharing requests and ensure timely responses.
Participate in the credit union’s community involvement goals.
Coordinate various tasks of the Compliance Assistant.
Maintain a database of external and internal recommendations.
Participate in credit union committees and special projects as requested.
Complete Information Security Awareness training as directed by management.
Comply with GLBA, Safe Act, Regulations B, D, E, CC, Z, and other regulatory requirements.
Perform other duties as directed by management.