Compliance Specialist

University of Hawaii FCU•Honolulu, HI

27d•Onsite

About The Position

Join a spirited, dynamic team with Hawai`i’s leading credit union as we make a difference in our community – providing financial value, exceptional service, and state-of-the-art convenience to our members. 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

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

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.
Filing of CTRs and SARs.
Review of OFAC exemption list.
Review of member due diligence forms.
Review of wires, ACH and monetary instrument purchases.
Review and update of new vendors and contracts.

Benefits

One great perk of working at UHFCU is we offer on-demand pay through our financial wellness provider. With the on-demand pay benefit, you can have the money you've already earned when you need it, so your time and money can work better for you. Get early access and get paid without waiting for your paycheck.
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
And Many More!