Compliance Specialist

University of Hawaii FCU • Honolulu, HI

7d • Onsite

About The Position

The Compliance Specialist is responsible for day-to-day functions related to the credit union’s compliance programs, including Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures. The position processes and reviews reports, researches accounts for suspicious activity, supports regulatory research, and assists with compliance programs and electronic services. The role reports to the Vice President, Member Support and is classified as non-exempt.

The position is based in an air-conditioned, smoke-free office setting. Business hours are Monday through Saturday and may change according to business needs. The employee must be able to work additional hours, weekends, and holidays as needed.

Requirements

• Bachelor’s degree or equivalent work experience in the retail financial services field is preferred.
• 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.
• Ability to convey detailed or important instructions or ideas accurately and quickly.
• Ability to apply common-sense understanding to carry out detailed instructions and address problems involving variables.
• Ability to perform basic math, including addition, subtraction, multiplication, and division using a calculator.
• Ability to write complex sentences using normal word order, present and past tenses, and a command of English vocabulary.
• Ability 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.
• Basic understanding of the MS Office Suite.

Responsibilities

• Process and review daily and monthly BSA reports and research identified accounts for suspicious activity.
• Assist with periodic review and updates to 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 with credit union compliance programs, including Vendor Due Diligence and Red Flags.
• Assist with credit/debit card programs, ACH, Sharedraft, and other electronic services as required.
• Complete performance standards accurately and on time, 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.
• Perform other duties as required.

Benefits

• On-demand pay through a financial wellness provider.
• Competitive pay.
• Medical insurance including drug and vision coverage; company pays 100% of employee self-coverage, with a company-paid subsidy toward family coverage.
• Dental insurance; company pays 100% of employee self-coverage and offers low-cost family coverage.
• 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 (pre-tax).
• 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.

What This Job Offers

• Job Type: Full-time