Risk And Compliance Officer

Summary

Join Clean Energy Credit Union as their BSA Officer, ensuring compliance with NCUA and other regulatory agencies. You will be responsible for developing and implementing policies and procedures, reviewing delinquencies, and participating in recovery efforts. This role requires a deep understanding of BSA/AML/OFAC regulations and involves collaborating with various teams and stakeholders. The position offers a hybrid work environment and opportunities for professional growth within a credit union focused on clean energy initiatives. You will play a crucial role in maintaining the credit union's compliance program and mitigating risk.

Requirements

• Minimum two years’ experience in credit union operations
• Experience relating to credit union compliance and internal controls
• Excellent math and analytical skills
• Advanced knowledge of Microsoft Office applications (Word, Excel, PowerPoint)
• Excellent communication skills
• Ability to read, write, and understand English fluently

Responsibilities

• Function as the Credit Union’s Bank Secrecy Act (BSA) Officer
• Keep management apprised of new best practices, laws and regulations related to BSA and OFAC
• Update appropriate management and staff of upcoming and implemented changes to regulations
• Be responsible for identifying and reporting unusual and suspicious activities under the requirements of the BSA/Anti-Money Laundering Act
• Maintain a high degree of knowledge of appropriate BSA/AML/OFAC and USA PATRIOT Act related laws and regulations
• Ensure the Executive Team is kept fully informed of the conditions of the Credit Union as it related to compliance matters and important factors of influence
• Assess risk potential of current procedures and recommend new procedures that will mitigate loss exposure
• Assist in development and implementation of new procedures and features to enhance the workflow of departments and ensure compliance
• Ensure that changes in policy and procedures are clearly communicated to impacted management, departments, or the credit union as a whole
• Follow-up to ensure new procedures are understood and implemented
• Review file maintenance reports as scheduled according to procedures and regulations, including but not limited to: Share/Loan dividend/rate changes
• Review file maintenance reports as scheduled according to procedures and regulations, including but not limited to: Dormant Account Activity
• Review file maintenance reports as scheduled according to procedures and regulations, including but not limited to: Adverse Action Compliance
• Review file maintenance reports as scheduled according to procedures and regulations, including but not limited to: Address Changes
• Maintain Credit Union’s policy and procedure management system
• Monitor Vendor Management System ensuring vendors, risk assessments, and reviews are conducted and updated
• Review loan and account delinquencies providing weekly reports to the CEO and COO
• Participate in recovery efforts as needed
• Prepare loan and account charge off recommendations for Credit Committee
• Maintain general knowledge of bankruptcy laws
• Check member service documents and agreements, to ensure complete and accurate information
• Work with auditors/examiners to obtain records as needed
• Update management and provide improvement suggestions when training is needed or of any significant problems
• Work closely with the Supervisory Committee to compile information for audit requests
• Understand and comply with all annual mandated training that pertains to the position including but not limited to Bank Secrecy Act/Anti-Money Laundering/OFAC/Cybersecurity/Diversity & Anti-Harassment/Fair Lending
• Assist in regulatory training for all employees, management, Board, and Supervisory committee members
• Comply with all credit union policies and procedures, applicable laws, and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control
• Be responsible for researching compliance with new and existing regulation training
• Support credit union staff as needed
• Perform other tasks and duties as assigned

Preferred Qualifications

• Detailed knowledge of the credit union’s products, services, policies, and procedures
• Attention to Detail – Ensuring that information collected, provided, and/or evaluated is consistent with all related information available; holding to regulatory standards, recognizing that they exist to protect and honor members’ financial well-being
• High Level of Reading Comprehension – Ability to read, analyze, and interpret regulatory instructions, financial reports, and legal documents
• Self-motivated and Resourceful with an ability to juggle multiple priorities, handle assignments independently, detail-oriented, and work under tight deadlines
• Earning Trust- Gaining others’ confidence by acting with integrity and following through on commitments while disclosing own positions; treating others and their ideas with respect and supporting them in the face of challenge
• Service Excellence - Taking actions and developing relationships necessary to meet and exceed member needs (includes relationships with members, coworkers, and external partners); holding self and others accountable for providing a positive member experience; using appropriate interpersonal skills to resolve difficult member situations and regain their confidence
• Communication - Possessing and utilizing compelling written and verbal communication skills. Listening and adapting to received instructions, concerns, and spoken/written needs
• Process Development – Creating and improving procedures to increase workflow, efficiency, and outcomes
• Collaboration – Ability to foster and work collaboratively across divisions, functions, and all levels
• Prior experience as a credit union BSA officer
• Experience with delinquencies and collection practices
• NCCO, CUCE, NCBSO, NCRM, or similar compliance certifications

Benefits

• This job operates in a professional office environment and may be eligible for hybrid work
• Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of this job