Compliance Specialist

Connexus Credit Union

4d • Remote

About The Position

The Compliance Specialist will support the development, implementation, and maintenance of comprehensive compliance programs to ensure adherence to applicable laws, regulations, and internal policies. This role will collaborate with department leaders to assess compliance risks, develop clear guidance and training materials, and promote consistent regulatory understanding across the organization. The Compliance Specialist will serve as a subject matter expert for compliance and regulatory initiatives, ensuring alignment with organizational standards and best practices. Additionally, they will monitor compliance activities, analyze test results, support audits and reviews, and provide guidance or recommendations to reinforce a strong culture of compliance and continuous improvement.

Requirements

• This position is Remote.
• Bachelor's degree or commensurate experience is Required.
• 1+ years of experience working in a compliance role within the financial industry is Required.
• Ability to obtain compliance certification through the America’s Credit Unions within the first 18 months of employment. After obtaining the certification, the employee will need to maintain the certification including the renewal of the certification through America's Credit Unions is Required.
• Working knowledge of compliance-related laws, regulation, issues and credit union/bank supervisory procedures and knowledge of credit unions/banking functions, how they are organized and regulated is Required.
• Proven organizational abilities and communication skills that will be utilized to promote the Compliance Management Program and further its effectiveness at the Credit Union is Required.
• Connexus requires that remote employees must reside in one of the following states to be considered for any of our remote positions: FL, IL, IN, IA, MI, MN, MO, OH, TX, WI.

Responsibilities

• Coordinates and gathers information for quarterly compliance reviews, loan reviews and the internal audit program; collaborates with management to develop and implement plans to resolve identified weaknesses.
• Take appropriate action on opportunities that would improve the effectiveness and/or efficiency of the Compliance Management Program.
• Works with Learning and Development to ensure staff complete appropriate compliance training.
• Monitors guidance and bulletins issued by government regulatory agencies and industry groups for emerging changes; identifies the impact of new regulations on the Credit Union and advises management on the viable control options for mitigating the risk for emerging compliance issues.
• Assists the Risk Management Department with the ongoing review and update of the Credit Union’s policies and risk assessments; prepares summary reports for Board of Directors / Supervisory Committee review.
• Reviews all marketing promotions and documents to ensure regulatory compliance.
• Work with internal departments to update the following Credit Union consumer disclosures: Important Account Information for our Members, Truth in Savings (TIS), Fee Schedule, Privacy Policy, and loan product disclosures based on regulatory and business directives.
• Assists Internal Audit with ongoing due diligence analysis of third-party vendor relationships.
• Manages and resolves operational inquiries that are received through the Compliance Help Desk; consults with Manager to determine appropriate course of action for high severity/frequency risk exposures.
• Provides guidance to the Fraud Department on BSA/AML/OFAC compliance when needed.
• Comply with all Federal Regulations as they pertain to your job duties, including BSA.

Benefits

• 20 days of paid time off and 10 paid holidays
• 16 hours of paid Volunteer Time Off
• 401K Retirement with up to 6% employer match
• Excellent Health, Dental, Vision insurance, including multiple plan options
• Health Savings Account with generous employer contributions
• Employer paid Life insurance, Short-Term and Long-Term Disability
• Tuition Reimbursement from $4,000 - $7,000 per calendar year
• Robust Learning and Development program that includes an annual professional development stipend

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees