Regulatory Compliance Analyst (Banking)

NASA Federal Credit Union•Upper Marlboro, MD

19d•Hybrid

About The Position

NASA Federal Credit Union is seeking an experienced Regulatory Compliance Analyst to maintain awareness of regulatory requirements, risk management issues, and best practices affecting financial institution operations. The role involves participating in or leading compliance-related initiatives and projects, including compliance testing, and ensuring disclosures, forms, marketing materials, and the website meet regulatory requirements. This position will provide focused compliance support to assigned departments and requires the ability to manage multiple deadlines in a fast-paced and changing environment. Periodic commuting to the Corporate Office in Upper Marlboro, MD may be required for meetings, trainings, and events.

Requirements

Knowledge of federal laws and regulations affecting financial institutions is required.
Bachelor’s degree from accredited college in relevant field preferred.
Minimum of two years of progressively advancing financial institution experience along with regulatory compliance responsibilities (Level I).
Minimum of four years of progressively advancing financial institution experience along with regulatory compliance responsibilities (Level II).
Minimum of six years of progressively advancing financial institution experience with at least three years specifically responsible for regulatory compliance responsibilities (Level III).
A degree in a related field could be taken into consideration to satisfy regulatory compliance experience (Level III).
Highly self-motivated and is a self-starter; works independently.
Ability to absorb new ideas and concepts quickly.
Excellent analytical and problem-solving abilities.
Strong organization and time management skills; works efficiently.
Sets continuous improvement goals.
Ability to effectively prioritize and accurately execute tasks in a high-pressure environment.
Ability to present ideas in business-friendly and user-friendly language.
Very strong customer service orientation.
Excellent written, verbal, interpersonal, and presentation skills.

Nice To Haves

Regulatory compliance certification, preferred (Level II & III).
Compliance Testing experience, preferred (Level III).

Responsibilities

Acts as a regulatory compliance resource and consistently applies sound review and recommendation techniques as they relate to policies, procedures, and regulations.
Maintains awareness of laws and regulations affecting the Credit Union, assists with research and evaluation of the impact on the Credit Union, and works collaboratively with others throughout the organization.
Researches and responds to requests from various departments for compliance assistance.
Participates as a compliance resource on corporate and department projects.
Works collaboratively with others on the creation and revision of forms, disclosures, policies and procedures, marketing material, etc., to ensure regulatory compliance.
Works collaboratively with others to research and draft responses to member complaints, as assigned.
Utilizes a compliance management system to communicate and track regulatory updates.
Acts as an NMLS Administrator for SAFE Act Compliance.
Conducts compliance testing and analyses and provides summary reports.
Creates and revises operational procedures within area of responsibility.
Participates in professional roundtables as appropriate; networks with other financial institutions and subject matter experts; attends continuing education as necessary to maintain proficiency with laws and regulations affecting areas of responsibility.
Develops business cases and leads corporate projects to implement new or revised regulatory requirements.
Coordinates a comprehensive regulatory compliance training program.
Coordinates responses to member complaints, including research, drafting and issuance of responses.
Reviews forms, disclosures, policies and procedures, marketing material etc., for regulatory compliance prior to issuance.
Reviews operational policies created and maintained by business units for regulatory compliance.
Researches and evaluates various federal and state laws, regulations and regulatory guidance to ensure Credit Union processes for the various products and services promoted nationwide are compliant and provides summary reports.
Participates in compliance-related risk assessments, as assigned.
Participates in risk evaluations of new and changing business opportunities, as assigned.
Prepares reports by collecting, analyzing, and summarizing information.
Assists with the maintenance of the record retention program.
Communicates with external legal and compliance professionals when needed.
Assists with the preparation of regulatory comment letters, as assigned.
Conducts compliance-related risk assessments and prepares reports for management.
Conducts compliance risk analyses and prepares reports for management to support in decision-making.
Monitors remediation of compliance related issues.
Coordinates complaint management process, including analyzing trends and providing reports to management.
Evaluates legal requests, escalating to legal counsel when necessary, and coordinates appropriate response.
Assists Compliance Operations Program Manager in leading the Compliance Committee and provides summary reports to management.
Prepares regulatory comment letters as needed.
Coordinates the maintenance of the record retention program.
Acts as back-up to Compliance Operations Program Manager when necessary.

Benefits

Comprehensive healthcare
401(k)
Paid leave
Remote work options for applicable positions
Insurance coverage begins the 1st day of the month, following 30 days after hire date.
100% Credit Union-Paid Full-Time Employee Benefits
Health Insurance (Choice of two nationwide PPO plans)
High Deductible Plan: 100% employer contribution toward premium. (HSA and FSA compatible)
Low Deductible Plan: Generous employer contribution toward premium. (FSA compatible)
Dental Insurance: Generous employer contribution toward premium
Vision Insurance: Generous employer contribution toward premium
Long-term Disability Insurance
Flexible Spending Medical Account (FSA)
Flexible Spending Dependent Care Account
Health Savings Account (HSA)
Voluntary Supplemental Life Insurance
Voluntary Dependent Life Insurance
Voluntary Short-term Disability Insurance
401(k) with employer match up to 6% and immediate 100% vesting
Gain Sharing Bonus (eligibility rules apply)
Life Insurance/AD&D
Vacation Leave (excluding Outside Loan Officers)
Sick and Safe Leave
11 Paid Holidays
Education Assistance
Employee Referral Bonus
Credit Union Membership Eligible
Employee Assistance Program
Identity Theft Protection (Additional fee to add family members)
Pet Health Insurance
Employee Discount Program