Associate Regulatory Compliance Specialist

Company: UFCU
Location: Austin
Posted on: November 27, 2022

Job Description:

*Job Summary*Through collaborative partnerships with UFCU management, the Associate Regulatory Compliance Specialist ("Associate Specialist") is responsible for establishing, maintaining, and updating programs to ensure UFCU is in compliance with all applicable state and federal regulations. Assists in daily compliance with Banking Secrecy Act (BSA), Office of Foreign Asset Control (OFAC), and other banking and lending laws and regulations. Helps to maintain and operate the electronic compliance management system; helps facilitate the annual National Credit Union Administration (NCUA) exam; and is responsible for tracking and working with staff to complete all relevant and required compliance training.*About UFCU*As Austin's largest locally-owned financial institution, University Federal Credit Union is a financial institution owned by, dedicated to, and always working for our Members. Our mission at UFCU is simple: to provide for the well-being of our Members. We're proud to focus on people - not profits. We deliver fair and honest products and outstanding service, and we work collaboratively within our organization as well as our community to help Members achieve their personal and financial goals.Consistently receiving awards as the Top Credit Union and Top Mortgage Company, UFCU is proud of its people-first culture. We value our employees as much as our Members. We offer an environment where people care about each other - like family. If you want to love what you do, make an impact in your community, and have the power to help people change their lives - then we're glad you're here.*Essential Functions ** Oversee processes to comply with BSA/OFAC regulations, including:* Verification and documentation to identity of prospective members* Review and file CTRs* Review and file SARs* Track and follow-up on compliance training for all employees and work with staff to ensure timely completion* Maintain appropriate BSA records in line with Federal Regulations* Monitor changes in legal requirements concerning the Bank Secrecy Act and other applicable banking laws and regulations, and recommend changes to the Senior Compliance Specialist as needed* Assist with annually required independent testing of the Bank Secrecy Act and other areas as needed* Monitor cash and suspicious transactions daily to ensure CTRs and SARs are filed correctly and timely* Timely review all high risk accounts for compliance red flags and take action on compliance issues as appropriate* Perform member due diligence with care and great attention* Run OFAC reports timely and with great care and attention to detail* Assist in presenting regulatory compliance training to new hires* Assist in facilitating an annual NCUA exam* Assist in compiling Management Response to Exam Findings, and follow-up throughout the year to ensure response action is completed* Assist to establish, maintain, and update the compliance management system:* Track task completion* Send follow-up emails* Work with the Compliance Council and Subcommittees on new compliance items that impact the credit union* Track policy review time-frames* Make appropriate updates in the compliance management system* Adhere to all company policies, procedures, and business ethics codes* Complete required regulatory training as assigned* Maintain strict adherence and compliance to all laws, rules, regulations and internal controls specific to your role, including but not limited to Bank Secrecy Act, Anti-Money Laundering, USA Patriot Act, OFAC and Fair Lending regulations* Perform other compliance and organizational development related duties as assigned*Knowledge/Skills/Abilities ** Knowledge of federally insured financial institutions, laws, regulations and NCUA rules and regulations* Effective spoken and written communication skills* Proficient in Microsoft Office Suite, including Outlook* Computer literacy and ability to research online* Ability to find, access, interpret, and communicate regulatory requirements* General understanding of economics, law, and business fundamentals* Good interpersonal skills to perform job duties with professionalism and diplomacy* Ability to build collaborative relationships* Ability to maintain a strong sense of reliability and accountability*Competencies ** Building Member Loyalty* Building Partnerships* Communication* Emotional Intelligence* Adaptability* Focus on Results* Decision Making*Experience **Minimum Requirements ** Three (3) years of financial institution BSA experience required* Experience with BSA/AML software* Must be bondable* Receive CUNA BSA accredited within first year of date of hire*Preferred Requirements** Experience with Symitar* Bachelor of Science or Bachelor of Business Administration degree* Experience with Verafin*Things You Need to Know Before You Apply**Physical Demands*The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle or feel; reach with hands and arms; and talk or hear.* Specific vision abilities required by this job include close vision, distance vision, peripheral vision and ability to adjust* The employee is frequently required to stand and* Employee will make extensive use of the telephone requiring the ability to effectively and accurately explain complex*Work Environment*The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.* This position may involve periodic stressful* This position has direct exposure to possible* May occasionally require an adjusted work schedule, overtime, and evening/weekend* Frequent computer use at a workstation up to two hours at a* The noise level in the work environment is usually*Additional Job Information*Reports To: Senior Regulatory Compliance SpecialistSupervision Exercised: Works independently to meet team goalsDepartment: Legal and ComplianceJob Type: Full-timePay: $45,000.00 - $65,000.00 per yearBenefits:* 401(k)* 401(k) matching* Dental insurance* Employee discount* Flexible schedule* Flexible spending account* Health insurance* Health savings account* Life insurance* Paid time off* Parental leave* Professional development assistance* Referral program* Relocation assistance* Retirement plan* Tuition reimbursement* Vision insuranceSchedule:* 8 hour shiftExperience:* BSA/AML: 1 year (Preferred)Work Location: Hybrid remote in Austin, TX 78759

Keywords: UFCU, Austin , Associate Regulatory Compliance Specialist, Other , Austin, Texas