Senior Compliance Analyst

Senior Compliance Analyst

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.

To be effective, an individual must be able to perform each job duty successfully.

• 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

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

Minimum 8 years progressive experience in a financial institution with a minimum of 4 years direct experience in research, risk management and/or compliance.

Education

Bachelor's degree from an accredited institution in business, finance or related field. Experience may be substituted for formal education.

Computer/Office Equipment Skills

• Advanced skills with Microsoft Office Suite including Outlook, Word, PowerPoint, and Excel
• Experience with analytical and reporting software preferred
• Experience with Symitar, Archer, ACES or another financial institutions software

Language Skills

• 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

Other Skills and Abilities

• 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.)

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands

Ability to sit, talk and hear consistently

Ability to stand, walk, and use hands to handle or reach occasionally

Vision Requirements

Close vision (clear vision at 20 inches or less)

Distance vision (clear vision at 20 feet or more)

Weight Lifted or Force Exerted

Ability to lift up to 10 pounds occasionally

Environmental

There are no unusual environmental factors (such as a typical office)

Noise Environment

Moderate noise (business office with computers and printers, light traffic)

***This Job is not eligible to be performed in Colorado or Connecticut, either remotely or in-person.***

Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.