Regulatory Compliance Analyst

State Employees' Credit Union • Raleigh, NC

2d • Hybrid

About The Position

The Regulatory Compliance Analyst is part of the Regulatory Compliance team within Risk Management and helps ensure the Credit Union complies with applicable laws and regulations. The position supports the assessment of compliance risks and controls through compliance testing and monitoring. It is a hybrid in-office/remote position.

The role performs or supports reviews of first-line business functions, assists with the annual Compliance Risk Assessment, supports compliance training materials and records, and documents and analyzes departmental performance and compliance risk indicators. The analyst also tracks issues identified through the issues management lifecycle.

Requirements

• Associate degree in any field, or an additional two years of relevant experience in lieu of a degree.
• Experience working in a highly regulated industry, preferably a credit union or financial institution.
• Exceptional written and verbal communication skills and strong attention to detail.
• Ability to work individually and collaboratively as part of a team.
• Ability to remain flexible and adapt to changing departmental demands.

Nice To Haves

• Bachelor’s degree in any field.
• Compliance certifications such as the ACU Credit Union Compliance Officer (CUCO) designation and/or the ACU Certified Credit Union HR Compliance Professional (CHRCP) designation, or willingness to earn one within a reasonable time period.
• Knowledge of state and federal laws and regulations affecting state-chartered, federally insured credit unions, banks, and other financial institutions, especially regulations promulgated by the National Credit Union Administration and Consumer Financial Protection Bureau.
• Knowledge of regulations including TILA, RESPA, HMDA, FCRA, FDCPA, SCRA, SAFE Act, ECOA, TISA, Regulation CC, EFTA, ESIGN, and UDAAP.
• Knowledge of federal employment laws, including ERISA, FMLA, FLSA, and the ADA.
• Proficiency with Microsoft Office Suite.

Responsibilities

• Assist with proactive review testing of first-line business functions, including Loan Administration, Deposits & Operations, Card Services, and Human Resources, to assess compliance with regulatory requirements and identify regulatory gaps that present organizational risk.
• Review monitoring performed by first-line compliance teams and escalate issues to management as needed.
• Assist with the annual update of the Compliance Risk Assessment, considering inherent risk and mitigating controls to determine overall risk.
• Support the Compliance Counsel team in reviewing compliance training materials to ensure they include current regulatory requirements and internal processes.
• Coordinate recordkeeping of compliance training for the Regulatory Compliance department.
• Engage in continuing education to stay current on regulatory changes and prepare for compliance reviews.
• Help document and analyze departmental performance indicators and Credit Union compliance risk indicators.
• Track key compliance indicators from first-line compliance function teams.
• Track and report on items identified through the issues management lifecycle.

What This Job Offers

• Job Type: Full-time
• Education Level: Associate degree