Compliance Specialist presso GPO Federal Credit Union

Description

Our Mission

To provide unwavering commitment to excellence in all we do for employees, members and the community we serve.

Overview of the Role

The Compliance Coordinator is responsible for ensuring the credit union remains compliant with all state and federal laws and regulations through the monitoring of industry activities and review of credit union policies and procedures. 

Responsibilities

• On an on-going basis, review laws and regulations that impact the credit union’s compliance requirements and provide recommendations for change. 
• Evaluate the credit union’s policies, procedures and programs to ensure compliance with applicable laws and regulations. 
• Update policies as needed in reaction to regulation changes and track all policy updates. Ensure that policy updates are communicated to affected staff.  
• Implement a policy review schedule to ensure policies are reviewed annually and receive board approval. 
• Recommend and assist in the development of credit union products, processes and controls to ensure regulatory compliance and safeguarding of the credit unions’ assets. 
• Act as the credit union’s Business Continuity Administrator and ensure proper testing and maintenance of the BCP.
• Disseminate information, answer questions and be a subject matter expert for the credit union on all compliance-related issues. 
• Answer employee questions regarding account opening requirements and allowable member transactions.
• Manage the credit union’s vendor due diligence program. Ensure proper due diligence is conducted on all new vendors, that annual vendors reviews are conducted and vendors are evaluated before contract renewals occur. 
• Develop and update credit union forms to ensure compliance with all state and federal rules and regulations. Collaborate with the marketing department to align the design with GPO’s brand. 
• Develop and oversee record retention policies and procedures in accordance with regulations and laws. Coordinate and record the destruction of documents per policy. 

Expectations

• Review daily compliance publications to remain abreast of regulatory changes. 
• Play an active role in local and national compliance communities. 
• Adapt a work ethic that is aligned with GPO’s mission and keeps our member service at the forefront.
• Act as a back up to other members of the department as needed. 
• To contribute to the overall achievement of the credit union’s strategic goals and objectives.
• To effectively communicate compliance information to senior management, department members and all employees and ensure understanding. 
• Contribute to a positive environment that inspires GPO employees to display pride, passion and a commitment to our mission statement.

Qualifications

• Associate’s OR diploma with 5 years of similar experience 
• Must possess at least one year of in-depth experience handling credit union regulations. 
• Must possess excellent written and verbal communications skills.
• Must be a self-starter and have demonstrated experience.
• A background in either legal work or auditing experience is desired, but not required.

Physical Demands

• Sitting for prolonged periods of time
• Frequent computer usage and screen time
• Frequent typing 

Decision Making

• To exercise sound judgement when making decisions as they relate to position duties and the credit union’s policies and procedures. 

Financial Responsibilities

• To be responsible for safeguarding the credit union’s assets by ensuring that policies and procedures are followed. 

Communication

• Keep the department supervisor informed regarding key department issues. 
• Effectively communicate within the department to ensure the flow of ideas and information. 

Equipment Used

• Computer equipment and other web-based compliance platforms.
• Excel software for tracking and organizing data. 

Work Environment

• Office environment, based in the Administration Building.