ALEC · 4 months ago
Compliance Officer
Gurnee, IL, US
Full-time
Onsite
Mid Level
$60K/yr - $100K/yr
3+ years expALEC is a financial institution seeking a Compliance Officer to administer and enhance their compliance management program. The role involves ensuring adherence to regulatory requirements, conducting compliance training, and maintaining the fiduciary account program.
BankingFinancial Services
Responsibilities
Ensures compliance with all state and federal regulatory requirements including, but not limited to, Anti-Money Laundering, OFAC, BSA, GLBA, HMDA, Reg CC, Reg D, Reg E, Reg Z, Truth in Savings, Truth in Lending, Illinois Credit Union Act
Advises Director of Risk and Senior Management of emerging compliance issues and guides in the establishment of controls to mitigate risks
Conducts research of regulatory related matters at the request of Senior Management
Works with appropriate functional areas to review, identify, recommend and test processes for compliance and risk
Assists in the development of and review proposed changes to credit union policies, internal guidelines, and procedures for compliance with applicable regulatory requirements
Reviews and revises all credit union deposit, loan and electronic delivery disclosures
Conducts compliance review of marketing, deposit, loan, electronic disclosures and materials
Conducts internal compliance and risk reviews in accordance with established standards and practices
Coordinates external compliance examinations and risk reviews
Administers Vendor Management Program
Conducts compliance and fiduciary training for employees and members
Maintains and improves the compliance program
Administers the Fiduciary Account Program, including Individual Retirement Accounts (IRA), Education Savings Accounts (ESA), Health Savings Accounts (HSA), Trust Accounts, Deceased and Estate Accounts, Power of Attorney (POA), Guardianship, Representative Payee and Doing Business As (DBA) accounts
Acts as a liaison with third party IRA/HSA administrator
Assist members with fiduciary account questions and processes account transactions
Develops and reviews reports to audit fiduciary transactions, including tax reporting
Maintains confidentiality of information and controls. Protects all credit union sensitive information and materials within the scope of the department functions
Assists with Business Continuity Program management
Coordinates record retention program and schedule
Works with Fraud and Risk to maintain the controls needed to protect the assets of the credit union
Other duties as may be assigned
Qualification
Required
High School Diploma or equivalent
Three (3) years in a financial institution compliance position
Preferred
Compliance Officer certification
Certified Credit Union Compliance Officer (CUCO)
Certified Regulatory Compliance Manager (CRCM)
Bachelor's degree in Business Administration or related field
Two (2) years in a credit union compliance position
Company
ALEC
There’s a big difference between simply having a financial institution — and having a financial institution that truly cares about you.
51-200 employees
Funding
Current Stage
Growth StageRecent News
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