Financial Institution Compliance Analyst III

Summary

Join NASA Federal Credit Union as a Financial Institution Compliance Analyst! This role requires maintaining awareness of regulatory requirements and risk management. You will participate in compliance initiatives, risk assessments, and ensure regulatory compliance across various materials. The position offers focused compliance support to different departments. Success requires managing multiple deadlines in a fast-paced environment. Levels I, II, and III offer increasing responsibilities and experience requirements. NASA Federal Credit Union provides a generous benefits package.

Requirements

• Knowledge of federal laws and regulations affecting financial institutions is required
• Minimum of two years of progressively advancing financial institution experience along with regulatory compliance responsibilities
• Minimum of four years of progressively advancing financial institution experience along with regulatory compliance responsibilities
• Minimum of six years of progressively advancing financial institution experience with at least three years specifically responsible for regulatory compliance responsibilities

Responsibilities

• Remains cognizant of and adheres to Credit Union policies and procedures, and regulations pertaining to the Bank Secrecy Act
• 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 educations 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

Preferred Qualifications

• Bachelor’s degree from accredited college in relevant field preferred
• Regulatory compliance certification preferred
• A degree in a related field could be taken into consideration to satisfy regulatory compliance experience
• Regulatory compliance certification preferred

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
• 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
• Voluntary Long-term Care Insurance
• Remote or Remote / Hybrid work options based on position
• 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