Redwood Credit Union is looking for a Compliance Analyst to proactively identify and evaluate risks and controls, complete regulatory compliance analysis and research, and work with management to develop action plans to mitigate risks and correct issues. The ideal candidate has a combination of education and experience equivalent to a bachelor’s degree in business, pre-law, or related with a minimum of five years experience in financial services industry; regulatory compliance or financial institution internal audit.
Requirements
- Review and conduct in-depth analysis on regulatory and legal changes affecting financial institutions to determine applicability and impact to RCU.
- Research regulatory/legal questions for other departments as assigned.
- Prepare and present analysis summaries and findings to RCU management to assist in decision-making.
- Independently work with RCU departments to implement legal requirements and ensure changes to products, services, and processes comply with applicable legal requirements.
- Create and manage compliance programs and training programs.
- Review advertisement, forms, letters, and disclosures for other departments as assigned to ensure compliance with applicable legal requirements.
- Prepare revisions to Credit Union disclosures.
- Prepare written reports and analysis for Compliance management.
- Assist on projects, exams, audits, and other tasks as assigned.
- Provide excellent service to all Members and internal clients.
- Prepare currency transaction reports in compliance with the Bank Secrecy Act.
- Manage projects required to implement regulatory and legal changes, including setting project goals, coordinating efforts between multiple departments, and monitoring for effectiveness.
- Independently work with RCU departments to identify and mitigate risks to the line of business, including compliance, business continuity, and internal controls.
- Collect and prepare information for business continuity planning.
- Collect and prepare information for both internal and external audits.
- Document audit procedures performed or coordinated/supported.
- Maintain audit work papers and documentation.
- Develop and monitor remediation plans resulting from any deficiencies identified in audits.
- Submit all audit work (i.e., planning, programs, work papers, reports, etc.) to the Compliance Manager for review prior to issuance of final reports.
- Administer compliance testing program and monitors result status.
- Assist with department budget preparation and perform legal expense analysis.
- Complete monthly report(s) and maintain records of time usage.
- Manage and administer RCU’s forms library.
- Manage and administer RCU’s Management Procedures Manual.
- Attend training as designated by Compliance Manager.
Benefits
- Competitive medical, dental, and vision insurance, mental health offerings
- Employee performance incentive plan
- Salary Advancement– Merit increase based on performance
- 401(k) program with employer match
- Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!
- RCU Discounts and Perks
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
