O Bee Credit Union · 12 hours ago
Compliance Analyst
Lacey, WA
Full-time
Onsite
Entry, Mid Level
$31.27/hr - $46.90/hr
2+ years expO Bee Credit Union is hiring a Compliance Analyst to join their amazing team. This role is crucial in supporting the Credit Union's regulatory compliance program by monitoring laws and regulations, conducting investigations, and analyzing member activity to identify risks.
BankingFinanceFinancial Services
Responsibilities
Maintain a thorough and current knowledge of all laws and regulations pertaining to the Credit Union, including the Bank Secrecy Act (BSA), OFAC requirements, the USA PATRIOT Act, Regulations B, Z, CC, E, and other state and federal laws
Monitor and track new or changing laws and regulations while communicating with the impacted department(s) to ensure suitable implementation
Monitor and respond to compliance communications from other departments, branch employees, members, other financial institutions, and law enforcement
Review, investigate, and decision alerts including but not limited to money laundering, sanctions, and unidentified risk factors
Conduct complex and investigative conversations with Members in a manner that balances both service and risk to determine resolution to BSA/AML and other regulatory compliance cases
Complete periodic reviews and produce reports of findings related to various business units and systems for compliance with regulations, policies, and procedures. Areas may include but are not limited to; lending, check holds, overdrafts, OFAC, Customer Due Diligence (CDD), Customer Identification Program (CIP), Beneficial Ownership Information (BOI), Cannabis, SAFE Act
Identify areas of non-compliance or issues that may pose a greater risk to the Credit Union and provide recommendations to assist in risk mitigation
Prepare required BSA/AML reports in compliance with filing deadlines
Conduct complex Enhanced Due Diligence (EDD)/High-Risk Review (HRR) investigations to detect and report Anti-Money Laundering (AML) concerns. Complete in-depth reviews of accounts according to federal 'Know Your Customer' (KYC) guidelines
Monitor and track the resolution of complaints while analyzing trends
Conduct internal compliance related presentations
Qualification
Required
Must have high school diploma or equivalent
Must have at least two years of credit union or banking experience
Excellent verbal and written communication skills
Excellent organizational and critical thinking skills
Ability to multitask and prioritize based on due dates and potential risks to the Credit Union
Ability to manage a fast-paced work environment
Ability to analyze errors and take appropriate corrective action
Able to work independently and in a team environment
Ability to attain and maintain applicable BSA/AML Certifications
Preferred
An associate or bachelor's degree is preferred
BSA/AML and Compliance certification is preferred
Benefits
Employer-paid medical, dental, and vision insurance options
100% 401(k) match up to 4% of your salary
Tuition reimbursement
Charitable Volunteer Hours
Incentive pay for achieving individual or company goals
Company
O Bee Credit Union
O Bee Credit Union is a banking, credit union, and mobile banking company.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Martha Prestin
Chief Financial Officer
Lee Wojnar
Chief Marketing Officer
Recent News
The Daily Chronicle
2024-02-19
The Daily Chronicle
2024-02-19
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