Compliance Specialist en ALEC

SUMMARY: Duties will encompass the administration of the compliance management program and the fiduciary account program, including Individual Retirement Accounts (IRA), Education Savings Accounts, (ESA), Health Savings Accounts (HSA), Doing Business As (DBA), Power of Attorney (POA), Guardianship, Representative Payee, Trust and Estate accounts.   

ESSENTIAL FUNCTIONS: 

• Reviews all fiduciary account documents to ensure validity
• Reviews core processor and third-party system inputs for accuracy and reports errors to Manager
• Monitors and process online requests for IRA & HSA applications, contributions, distributions 
• Investigates and processes RMD, death claims, IRS reporting, negative HSA, expulsion reports (IRA & HSA), disputed transactions and resolve as appropriate
• Acts as a liaison with third party IRA/HSA administrator
• Develops and review reports to audit fiduciary duties 
• Ensures year-end information for IRA & HSA tax forms are accurate and corrects as appropriate
• Assist members with fiduciary account questions
• Assists in compliance with all state and federal regulatory requirements
• Conducts research and interprets regulatory related matters for management
• Coordinates record retention program and schedule
• Works daily with Fraud and Risk to maintain the controls needed to protect the assets of the credit union
• Assists in the development of and review proposed changes to credit union policies, internal guidelines, and procedures 
• Actively monitors and reports emerging compliance issues required by state and federal authorities.
• Conducts compliance review of marketing, deposit, loan, electronic disclosures and materials
• Coordinates account disclosure process
• Coordinates Vendor Management Program 
• Assists with compliance related external examinations and internal risk reviews
• Conducts compliance and fiduciary training for employees and members
• Maintains confidentiality of information and controls. Protects all credit union sensitive information and materials within the scope of the department functions
• Other duties as may be assigned

QUALIFICATIONS:

• Education Required: High School Diploma or equivalent (GED)
• Education Preferred: Associate’s degree in business or related field, Compliance Officer Certification, IRA/HSA certification
• Experience Required: Two (2) years experience in a compliance position in a financial institution
• Experience Preferred: Two (2) years of experience working in a compliance or fiduciary account position in a financial institution

TRAVEL: Up to 5% local travel to the service centers. On occasion, attends national conferences and local peer networking events or trainings.

The base pay for this position is $22.58 to $37.64 per hour. In specific locations, the pay range may vary from the range posted. Click here to learn more about ALEC and our benefits.