Regulatory Compliance Analyst

SECU • Raleigh, NC

8d • Hybrid

About The Position

The Regulatory Compliance Analyst position sits in the Regulatory Compliance team within Risk Management and is responsible for helping to ensure the Credit Union’s compliance with applicable laws and regulations. This position will support the assessment of compliance risks and controls through performing compliance-related testing and monitoring activity.

Requirements

• Associates degree in any field. An additional 2 years of relevant experience can be considered 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, with great attention to detail.
• Demonstrated ability to work individually as well as in a collaborative team setting.
• 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 the willingness to earn in 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 those promulgated by the National Credit Union Administration and Consumer Financial Protection Bureau), such as: TILA, RESPA, HMDA, FCRA, FDCPA, SCRA, SAFE Act, ECOA, TISA, Regulation CC, EFTA, ESIGN, and UDAAP.
• Knowledge of federal employment laws including but not limited to ERISA, FMLA, FLSA, and the ADA.
• Proficiency with Microsoft Office Suite.

Responsibilities

• Assist with proactive review testing of first-line business functions (including but not limited to: Loan Administration, Deposits & Operations, Card Services and Human Resources) to determine compliance with applicable regulatory requirements and identify regulatory gaps which present risk to the organization.
• Review monitoring efforts conducted by first line compliance teams and escalate issues to management as needed.
• Assist with the annual update of the Compliance Risk Assessment, accounting for inherent risk and mitigating controls to determine overall risk.
• Support Compliance Counsel team with the review of compliance-based training material, ensuring inclusion of current regulatory requirements and internal processes.
• Coordinate the recordkeeping of compliance training for the Regulatory Compliance department.
• Engage in continuing education to stay abreast of regulatory changes and in preparation for compliance reviews.
• Support efforts to document and analyze key departmental performance indicators, as well as key compliance risk indicators for the Credit Union.
• 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
• Career Level: Mid Level
• Education Level: Associate degree