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Compliance Officer

Company: Valley Federal Credit Union
Location: Billings
Posted on: September 14, 2019

Job Description:

The Compliance Officer ensures that policies and procedures are being followed consistently throughout the Credit Union in order to safeguard its assets, verify the accuracy and reliability of its accounting data, and promote adherence to the prescribed policies. This position keeps updated on the NCUA Rules and Regulations and other laws and government regulations that pertain to compliance and auditing that affect the management, operations, and product offerings of the Credit Union. The Compliance Officer is responsible for BSA, Credit Union Security/Safety and fraud/risk control. This position has dual reporting to the CRO & the Supervisory Committee and may bypass Management and go directly to the Supervisory Committee, if needed.---- ResponsibilitiesServe as Bank Secrecy Officer, coordinate and oversee an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance program.--Develop, implement, enhance, and administer the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.--Recommend policy changes to the Credit Union's compliance program to reduce risk and reflect changes in regulations.--Responsible for ensuring all required regulatory reporting is conducted in a timely, accurate and compliant manner, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) to FinCEN, as well as, FinCEN 314(a) and 314(b) procedures and reporting.--Assist in preparing for audits and regulatory examinations, coordinates audit and examination efforts, provide responses to examinations and audits. Act as liaison/contact for Federal examinations and internal and external independent reviews or audits of the BSA/AML/OFAC compliance programs. Participate in response to exam and audit concerns and oversee corrective action of all related compliance deficiencies or violations.--Coordinate, test and update the Credit Union's Identity Theft Red Flag Program.--Assist in the review and revision of Credit Union's financial disclosures/brochures, etc., for compliance with applicable laws. Notify staff of changes.--Analyze data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud or lack of compliance with laws, government regulations and management policies and procedures.--Conduct special studies for management, such as those required to discover mechanics of detected fraud and to develop controls for fraud prevention.--Develop and ensure implementation of record retention policies and procedures in accordance with regulations and laws.--Assess risk potential of current procedures and institute new procedures that minimize loss exposure.--Process five-year dormant accounts. Run report and research accounts to make sure they are dormant and/or with bad addresses. Change escheat dates and follow up on unresponsive accounts within established guidelines. Prepare report for appropriate management.--Oversee the revision, preparation, and dissemination of new and updated compliance standards and procedures and update manuals, as needed.--Develop, implement and conduct training sessions on compliance requirements, procedures, and changes in their respective areas of responsibility. Maintain documentation of all training sessions.--Coordinate and assist with compliance-related programs, such as compliance testing and reporting, disaster recovery, business continuity/contingency planning, and records warehousing and destruction.--Develop and implement corrective action procedures to ensure compliance with policies and procedures and to avoid future compliance problems as needed with appropriate management.--Review ads prior to being placed in the media for any compliance issues.--Perform random audits on consumer loan files, real estate loan files, and audit credit cards and loan turndowns monthly. Prepare written monthly reports on compliance issues, including findings, analyses, conclusions and recommended actions to Management. Report audit findings to the Supervisory Committee on a monthly basis.--Assist with Vendor Management and conduct annual and new product risk assessments.--Ensure the Security manual is up-to-date.--Maintain key logs.--Ensure all robbery procedures and forms are updated and consistent in all locations. Provide annual security and robbery training for staff.--Update and communicate information to staff regarding laws and regulations.--Perform all Compliance Assistant functions, as needed.--Perform any additional duties as assigned.-- QualificationsBachelor's degree (BA/BS) from four-year college or university--Two to three years related experience and/or training--Knowledge of NCUA Rules and Regulations, Credit Union Security/Safety, and fraud/risk control Knowledge, Skills, and AbilitiesAbility to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.--Knowledge of word processing, spreadsheet, email software and use of the Internet. Must be proficient in Microsoft Office programs including Word and Excel.--Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.--Excellent problem solving and analytical skills required.--Ability to read and carry out various written instructions and follow oral instructions. Speak clearly and deliver information in a logical and understandable sequence.--Ability to demonstrate high levels of accuracy and attention to detail.--Ability to deal calmly and professionally with diverse personalities and cultures at various levels within and outside of the organization.--Ability to communicate with others inside and/or outside the organization, generally regarding routine matters for the purpose of giving and obtaining information, as well as advising or referring.--Ability to establish priorities, set goals and meet deadlines in an accurate and efficient manner. Ability to effectively handle multiple, simultaneous, and changing priorities.--Ability to exercise courtesy, tact, and diplomacy. Ability to demonstrate highest levels of customer service and discretion when dealing with the public.--Ability to exercise the highest level of discretion (internally and externally) with confidential matters.--

Keywords: Valley Federal Credit Union, Billings , Compliance Officer, Other , Billings, Montana

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