Compliance Specialist

University of Hawaii FCU•Honolulu, HI

9h•$50,000 - $60,000•Onsite

About The Position

The Compliance Specialist is responsible for day-to-day functions supporting the credit union’s compliance programs, including the Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures. The position performs and supports reviews, reporting, research, and updates related to regulatory requirements and credit union operations. It also provides assistance with card and electronic services programs and other duties as required. The role is based in an air-conditioned, smoke-free office setting. Business hours are Monday through Saturday and may change due to business needs. The employee must be able to work additional hours, weekends, and holidays as needed; scheduled attendance requirements may also change.

Requirements

Knowledge of financial institution regulations.
Experience applying policies and procedures.
Excellent written and verbal communication skills.
Ability to read and comprehend regulations.
Ability to multitask and prioritize work.
Presentation experience.
Basic understanding of the MS Office Suite is desired.
Able to convey detailed or important instructions or ideas accurately and quickly.
Able to apply common-sense understanding to carry out detailed instructions and address problems involving variables.
Able to perform basic math, including addition, subtraction, multiplication, and division using a calculator.
Able to write complex sentences using normal word order with present and past tenses and command of English vocabulary.
Able to perform repetitive movements using wrists, hands, and/or fingers.
Average visual acuity to read, prepare, and inspect documents or products; able to hear average or normal conversations and receive information.
Sedentary work involving sitting most of the time; able to lift and carry up to 25 lbs.
Must be able to work additional hours, weekends, and holidays as needed.

Nice To Haves

Bachelor’s degree or equivalent work experience in the retail financial services field is preferred.

Responsibilities

Perform daily and monthly BSA functions, including processing and reviewing reports and researching accounts identified for suspicious activity.
Assist with periodic review and update of the BSA program.
Review reports daily to ensure CTRs and SARs are filed timely.
Review Verafin reports and follow up on suspicious activity.
Review shared branching transaction data for BSA compliance.
Monitor and review the Office of Foreign Assets Control (OFAC) Exemption list.
Process FinCEN 314(a) Information Sharing Between Law Enforcement and Financial Institutions.
Monitor the SAR reporting tool for staff reports of suspicious activity, including elder abuse and fraud.
Assist in reviewing and updating disclosures and forms for new regulations and consistency with credit union practices and system setup.
Assist in reviewing subpoenas and IRS levies.
Research regulations for compliance of credit union operations.
Assist in carrying out compliance programs, including Vendor Due Diligence and Red Flags.
Assist with credit/debit card programs as required.
Assist with ACH, Sharedraft, and other electronic services as required.
Complete other duties as required.
Complete performance-standard duties accurately and timely, including filing CTRs and SARs; reviewing the OFAC exemption list, member due diligence forms, wires, ACH, and monetary instrument purchases; and reviewing and updating new vendors and contracts.

Benefits

On-demand pay through the company’s financial wellness provider, with early access to earned pay.
Competitive pay.
Medical insurance including drug and vision coverage; company pays 100% of employee self-coverage and provides a subsidy toward family coverage.
Dental insurance; company pays 100% of employee self-coverage, with low-cost family coverage available at the employee’s expense.
Medical and dental plan premium waiver option.
401(k) retirement plan with employer match and non-elective contribution.
Eligible to earn 35+ paid days off a year.
Vacation cash-out program.
Healthcare and dependent-care flexible spending accounts.
Company-paid employee group basic life insurance with AD&D.
Company-paid employee long-term disability insurance.
Voluntary accident recovery, critical illness and cancer, and hospital insurance.
Employee Assistance Program (EAP).
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.