Compliance Specialist

O Bee Credit Union•Lacey, WA

45d•Onsite

About The Position

O Bee Credit Union is hiring a Compliance Specialist to join our amazing team. This full-time position plays a vital role in supporting our mission, our members, and our one-of-a-kind company culture. As our Compliance Specialist, you’ll help ensure the credit union operates in alignment with applicable laws, regulations, and internal policies. You’ll monitor regulatory changes, investigate potential risks, and analyze member activity to support compliance. You’ll collaborate across departments to provide guidance, share insights, and recommend solutions that strengthen compliance and reduce risk. Your work will include reviews, reporting, training, and ongoing monitoring to support a strong compliance program.

Requirements

Must have high school diploma or equivalent.
Must be able to pass a background and credit check.
Excellent verbal and written communication skills.
Excellent organizational and critical thinking skills.
Ability to multitask and prioritize based on due dates and potential risks to the Credit Union.
Ability to manage a fast-paced work environment.
Ability to analyze errors and take appropriate corrective action.
Ability to work independently and in a team environment.

Nice To Haves

An associate or bachelor’s degree is preferred.
At least two years of credit union or banking experience is preferred.
BSA/AML and Compliance certification is preferred, or the ability to obtain.

Responsibilities

Maintain current knowledge of applicable laws and regulations, including BSA, OFAC, USA PATRIOT Act, and Regulations B, Z, CC, and E, as well as relevant state and federal requirements.
Monitor regulatory changes and partner with impacted departments to support timely and effective implementation.
Respond to compliance-related inquiries from internal teams, members, financial institutions, and law enforcement.
Review and investigate alerts related to potential money laundering, sanctions, and other risk indicators.
Conduct member outreach and investigations, balancing service and risk to resolve BSA/AML and compliance-related cases.
Perform periodic compliance reviews across business areas (e.g., lending, overdrafts, CIP, CDD, BOI, SAFE Act, cannabis banking) and document findings.
Identify compliance gaps and emerging risks, and recommend mitigation strategies.
Prepare and submit required BSA/AML reports in accordance with regulatory deadlines.
Conduct Enhanced Due Diligence (EDD) and high-risk account reviews in alignment with KYC requirements.
Monitor and track complaint resolution, identifying trends and areas for improvement.
Deliver compliance training and presentations to internal departments.