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Senior Compliance Analyst

Middletown, NY (http://maps.google.com/maps?q=25+Rykowski+Lane+Middletown+NY+USA+10941)

Job Type

Full-time

Description

Join a Purpose-Driven Team at Heritage Financial Credit Union Where Integrity, Excellence, Teamwork, and Community Matter!

Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed. Our values are at the heart of everything we do.

We believe in:

•Integrity:We are honest and trustworthy in all of our dealings with our members, employees, and the community.

•Excellence:We strive to provide our members with the best possible service.

•Teamwork:We believe that we can achieve more together than we can alone.

•Respect:We treat each other with dignity and respect.

•Community:We are committed to giving back to the communities we serve.

If you are looking for a challenging and rewarding career in the financial services industry with a company that is committed to its mission, vision and values, we encourage you to apply for a position at Heritage Financial Credit Union. Here you will find a supportive and collaborative work environment where you can make a difference in the lives of our members and our community. We offer a competitive salary, comprehensive employee benefits package, including a very generous PTO policy.

POSITION PURPOSE

Regulatory Compliance is responsible for developing and maintaining a Compliance Management Program for the Credit Union (CU) that reasonably ensures compliance with consumer protection laws and regulations, addresses associated risks of harm to consumers and members, and integrates consumer compliance into the day-to-day responsibilities of its management and employees.

The Senior Compliance Analyst role works with CU leadership to support the Compliance and Risk Management Program with a primary focus on the CMS and Regulatory Lending Compliance.

The Analyst will maintain broad and deep knowledge of consumer protection laws and regulations that pertain to the CU, serve as a subject matter expert on consumer protection matters, and assist department leadership in the assurance of compliance with the applicable consumer protection laws and regulations.

This position will serve a vital role in the Compliance Department and will be an integral part of the company’s overall risk management strategy.

Salary:$65,000 - $75,000 per year

ESSENTIAL FUNCTIONS AND RESPONSIBIITIES

1. Using independent and sound judgment, provide subject matter expert advice regarding applicable servicing consumer compliance regulations while collaborating, advising, and coordinating with Compliance leadership, with a strong focus on Lending Compliance. Applicable regulations include but are not limited to CFPB, EFTA, ESIGN, Reg CC, HMDA, Overdraft, Guidance, RESPA, TISA, TILA, FCRA, SCRA, FDCPA, FDPA, and applicable State requirements.

2. Maintain close contact with leadership across all departments to keep apprised of objectives, strategy, new initiatives, emerging issues/risks with a strong focus on Lending Compliance and Risk Management.

3. Stay abreast of Credit Union processes and applicable consumer compliance laws and regulations

4. Provide advice, counsel and recommendations to departmental leadership on consumer compliance questions/issues with a strong focus on Lending Compliance.

5. Maintain documentation of compliance activities, such as complaints or investigation outcomes.

6. More advanced duties may include designation of subject matter expert for certain consumer compliance laws/regulations with a strong focus on Lending Compliance.

7. Evaluate the credit union’s policies, procedures, products and programs to ensure compliance with applicable laws and regulations. Make recommendations for change where appropriate.

8. Coordinate and/or conduct compliance training for all new employees. Identifies specific training needs for current staff and develops and conducts training to keep staff current on regulatory and compliance issues.

9. Assist in the revision and/or design of forms, products, web site, programs, or promotions to ensure compliance with ALL State and Federal rules, regulations and laws.

10. Periodically review policies and procedures (especially changes) to ensure they meet regulatory requirements

11. Assist in developing and implementing action plans to comply with any new/revised consumer compliance laws and regulations

12. Facilitate completion of Consumer Compliance Risk Assessment

13. Work with department leaders and Human Resources to develop the annual training plan

14. Work with department leaders and the AVP of Risk and Compliance to develop the Credit Union’s annual departmental testing and review plan with a strong focus on Lending Compliance.

15. Monitor various indicators of risk – QC results, Compliance Testing results, complaints, risk assessment results, etc. to identify weaknesses and assist in remediating

16. Review new products/services for potential compliance concerns; prepare risk assessments

17. Review marketing materials and other external-facing communications for potential compliance issues (as applicable) with strong focus on Deposit Compliance.

18. Monitor for emerging risks and industry fines/penalties

19. Complete all required compliance training

20. Maintain knowledge of, and adhere to, the Credit Union’s internal compliance policies and procedures

21. Maintain Regulatory Compliance department procedures as assigned

22. Maintain knowledge of changing consumer compliance regulations

23. Ensure compliance with applicable federal, state and local laws and regulations

24. Perform other duties and special projects as assigned

Requirements

QUALIFICATIONS

Education/Certification:

• Bachelor’s Degree with a field of study in Business Administration, Finance, Accounting, or Law or related field preferred or comparable work experience.

• Compliance certifications such as CRCM, CCBCO, or CUCE are a plus

Experience:

• 5 or more years’ relevant experience in a financial institution, auditing firm, or consulting firm with regulatory compliance focus

• Bank operations experience in mortgage originations, mortgage servicing, community banking, etc.

Required Knowledge:Familiarity with the laws and regulations governing financial institutions.

This position requires that the employee have a working knowledge of the regulations governing traditional financial institution activities including but not limited to the Bank Secrecy Act, TILA, RESPA, TRID, HMDA, ECOA, TILA, UDAAP, TIS, and Funds Availability.

Ability to independently read, interpret, and provide guidance on regulatory matters with minimal supervision.

Effective interpersonal skills.

Ability to work effectively in a team environment as well as accomplish work assignments under minimal supervision and sometimes tight deadlines.

Strong ability to analyze and report relevant data.

Ability to handle highly confidential information.

Excellent written and verbal communication skills.

Must maintain current industry knowledge and keep pace with regulatory changes.

Commitment to continuing education, attends related conferences and obtains/maintains related certifications.

This position requires that the employee gain a working knowledge of Bank Secrecy ACA (BSA) requirements and how they will affect their work. The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance.

Skills/Abilities:

+ Ability to project a professional appearance and positive attitude at all times.

+ Strong project management skills.

+ Strong written/verbal communication, collaboration, analytical and project management skills.

+ Flexible, adaptable, and solid problem-solving skills.

+ Detail-oriented with excellent organizational skills to perform multiple tasks simultaneously within strict timeframes.

+ Ability to work effectively with others at all levels across the organization and provide authoritative guidance to credit union management and staff.

+ Ability to work independently with limited supervision.

+ Proficiency in the use of MS Word, Excel, Power Point, and Outlook

Equal Opportunity Statement

Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status

Salary Description

$65,000 - $75,000 Annually