The Senior Compliance & Risk Management Analyst serves as a subject matter expert regarding consumer financial institution laws, rules, and regulations. This position proactively identifies process improvements or control gaps and facilitates necessary associated changes to ensure the Credit Union is in compliance. Assists in obtaining changes related to new products & services and incorporates into Membership Guide (TISA) to ensure compliance. This position works closely with the Manager to mitigate losses related to potential fraud and ensure compliance with BSA, OFAC, AML, FINCEN and Know your Member policies.   Updates policies & procedures when needed.  Maintains strong working relationships with other business units, senior management, internal audit, and the credit union's regulators.

• Develops and executes applicable risk assessments, compliance monitoring and testing, and drafting and updating compliance policies and procedures.
• Reports compliance findings arising from compliance reviews, customer complaints or Audit/Regulatory findings. Maintains log of these to include resolution.
• Assists in drafting responses to member complaints and reviews marketing materials for consumer compliance issues.
• Assists in conducting fraud investigations.
• Identifies and mitigates risk exposure through the review of alerts, reports, and investigation of new accounts, check, ACH/Wires, loan, credit and debit fraud.
• Ensures that system reports for file maintenance changes are reviewed daily as well as, various other reports. A few examples would be check kiting, dormant accounts, user share/loan FM, and large currency transactions.
• May act as Liaison with examiners during compliance examinations and auditors during compliance audits.
• Maintains collaborative alliances with all Credit Union business lines to ensure compliance risks and red flags are identified and communicated prior to implementation of new/changed products and services.
• Monitors and administers supplemental compliance training for applicable staff throughout the Credit Union.
• Performs special projects and additional duties as required and directed.
• Reviews and analyzes new laws, regulations and regulatory guidance for impact on business owners or systems and summarizes required changes to management.
• Ensures dormant accounts are worked and escheated to the State timely.
• Handles IRS notices for TIN/Name mismatches.
• Handles check fraud where Breach of Warranty claims need to be filed.

Experience:

• 5 years’ experience in a compliance function within a financial institution.
• Experience with State and Federal laws and regulations and best practices.

Education:

• A two-year college degree or completion of specialized courses of study in financial services, administration and compliance.

Interpersonal Skills:

• Ability to work across organizational lines to foster teamwork, trust, and quality execution.
• Ability to motivate or influence others.
• Possess a significant level of diplomacy and trust. Exhibit professional demeanor in all situations.
• Demonstrate cooperation both internally as well as externally.

Other Skills:

• Knowledgeable of all Microsoft Office programs especially Excel and Word.
• Excellent and professional communication skills.
• Outstanding organizational skills and the ability to multi-task with successful results.
• Ability to work independently in a changing environment.
• Strong analytical skills to identify and quantify problems and provide effective solutions.
• Demonstration of a "team" attitude throughout the organization.

Job Location: 

10701 Los Alamitos Blvd.

Los Alamitos,CA 90720

This job description is not a complete statement of all duties and responsibilities comprising this position.