Senior Compliance Analyst

Mountain America Credit Union•Sandy, UT

1d•Hybrid

About The Position

The Senior Compliance Analyst is a critical member of Mountain America’s Compliance Risk team, a 2nd line of defense function, that assists in the management of the credit union’s Compliance Management System (CMS) to ensure the credit union maintains a strong CMS that is effective at managing compliance risk and preventing violations or enabling early detection of potential violations of regulatory requirements and internal policy. The Senior Compliance Analyst maintains expert-level knowledge of operations and deposit account regulations and credit union policies and assists in providing end-to-end compliance support for specific regulations and credit union products, services, and programs.

Requirements

Minimum 8 years progressive experience in a financial institution with a minimum of 4 years direct experience in research, risk management and/or compliance.
Bachelor’s degree from an accredited institution in business, finance or related field. Experience may be substituted for formal education.
Advanced skills with Microsoft Office Suite including Outlook, Word, PowerPoint, and Excel
Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations
Demonstrated ability to document outcomes and present information in a manner appropriate for key stakeholders and all levels of the organization
Strong business acumen and ability to interface with management
Strong understanding of financial institution operational compliance and risk
Strong knowledge and experience with operational compliance regulations and programs
Ability to work both autonomously and collaboratively in a fast-paced environment
Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines
Adaptive to change, responds positively to altered circumstances or conditions
Possess a desire and willingness to learn and continually update knowledge base on regulations, financial concepts, strategies, systems etc.
Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies
Excellent inter-personal skills including the ability to lead and collaborate with ad-hoc teams
Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.)
Ability to sit, talk and hear consistently
Ability to stand, walk, and use hands to handle or reach occasionally
Close vision (clear vision at 20 inches or less)
Distance vision (clear vision at 20 feet or more)
Ability to lift up to 10 pounds occasionally

Nice To Haves

Experience with analytical and reporting software preferred
Experience with Symitar, Archer, ACES or another financial institutions software

Responsibilities

Assist management with the implementation of comprehensive testing parameters to ensure compliance effectiveness
Assist management with the collection and analysis of testing data, utilizing analytics tools to generate actionable insights and produce insightful reports for management review
Conduct risk-based testing and targeted reviews
Perform testing of controls to mitigate compliance risk
Maintains expert-level knowledge of applicable regulations and credit union policies to support strategic planning, perform compliance assessments, assess company practices, support research and risk processes, and manage projects
Thoroughly document and report findings to all levels of management
Identify control improvements for monitoring risk
Collaborate with other business units to obtain documentation for compliance purposes
Review internal operating policies, programs, and procedures periodically to ensure adherence to laws, rules and regulations
Assist in developing and reviewing compliance training materials related to operations and deposit account processes to ensure adherence to laws, rules and regulations
Document assessments and reviews through formalized reports including an analysis of the findings, issues, recommendations and remediation
Responsible for resolution of compliance issues through oversight of team performance of compliance assessments, providing insight and feedback necessary to the development of effective remediation plans
Assist the Compliance Risk team with inquiries related to operations and deposit account regulations, and/or Lending regulations best practices and industry standards
As a subject matter expert, advises in the creation or adaptation of existing processes and procedures to ensure compliance
Monitor and partner through the implementation of regulatory changes into business operations in a comprehensive, timely, and collaborative manner ensuring updates to processes and procedures are formalized through written procedures
Develop and maintain an effective working relationship with BUs and all levels of management
Execute assigned functions including planning, reporting, and finalization; execute work in conformance with department standards, budgets and deadlines
Utilize judgment and responsibility in fulfilling department functions using the credit union policies and the hierarchy of decision making
Pertaining to lending, Complies with all regulations as required by law, including but not limited to Reg. B, Reg. Z, RESPA, HMDA, Fair Lending, FCRA, UDAAP and CARD Act
Complies with all regulations as required by law, including but not limited to BSA, OFAC, FACT Act, GLBA, Regulation CC (Funds availability), Regulation DD (TISA), Regulation E, UDAAP, and other regulations as required by law as it relates to his/her position
Perform other duties as assigned