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University of Hawaii Federal Credit Union
Compliance SpecialistUniversity of Hawaii Federal Credit Union • Honolulu, HI, United States
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Compliance Specialist

Compliance Specialist

University of Hawaii Federal Credit Union • Honolulu, HI, United States
30+ days ago
Job type
  • Full-time
Job description

Compliance Specialist

Join a spirited, dynamic team with Hawai`i's leading credit union as we make a difference in our community providing financial value, exceptional service, and state-of-the-art convenience to our members.

Position Purpose:

This position is responsible for the day-to-day functions with respect to the credit union's compliance programs, such as Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures.

Essential Functions:

  • BSA Compliance daily/monthly functions of processing and reviewing reports, and researching identified accounts for suspicious activity.
  • Assists in the periodic review and update of the BSA program.
  • Reviews reports daily to ensure CTRs and SARs are filed timely.
  • Reviews Verafin reports and follows up on suspicious activity.
  • Reviews shared branching transaction data for BSA compliance.
  • Monitors and reviews the Office of Foreign Assets Control (OFAC) Exemption list.
  • Processes FinCEN 314(a) Information Sharing Between Law Enforcement and Financial Institutions.
  • Monitors the SAR reporting tool for staff reporting of any suspicious activity including elder abuse, fraud, etc.
  • Assists in the review and update of disclosures/forms for new regulations and consistency with credit union practice and system set-up.
  • Assists in the review of subpoenas and IRS levies.
  • Assists in researching regulations for compliance of credit union operations.
  • Assists in carrying out credit union compliance programs such as Vendor Due Diligence and Red Flags.
  • Assists in credit/debit card program as required.
  • Assists in ACH, Sharedraft and other electronic services as required.

Performance Standards:

The following duties are completed in an accurate and timely manner:

  • Filing of CTRs and SARs.
  • Review of OFAC exemption list.
  • Review of member due diligence forms.
  • Review of wires, ACH and monetary instrument purchases.
  • Review and update of new vendors and contracts.

Qualifications:

Education/Certification:

Bachelor's Degree or equivalent work experience in the retail financial services field, preferred

Required Knowledge:

Knowledge of financial institution regulations

Basic understanding of MS Office Suite is desired

Experience Required:

Experience in applying policies and procedures

Skills/Abilities:

Excellent written and verbal communications skills

Able to read and comprehend regulations

Able to multi-task and prioritize work

Presentation experience

Activities and Requirements of This Position:

Repetitive Motion:

Movements frequently and regularly required using wrists, hands, and/or fingers.

Communication Skills:

Must frequently convey detailed or important instructions of ideas accurately and quickly.

Visual Abilities:

Average visual acuity necessary to read, prepare and inspect documents or products.

Hearing:

Able to hear average or normal conversations and receive information.

Physical Strength :

Sedentary work (sitting most of the time). Able to lift and carry up to 25 lbs.

Reasoning Ability:

Able to apply common sense understanding to carry-out detailed instructions and to deal with problems involving variables.

Mathematics Ability:

Able to perform basic math skills including adding, subtracting, multiplying and dividing using a calculator.

Language Ability:

Able to write complex sentences using normal word order with present and past tenses, as well as a command of the English vocabulary.

Working Conditions:

Air-conditioned, smoke-free office setting.

Attendance Requirements:

Please note that scheduled attendance requirements may change due to business needs.

Business Hours:

Monday through Saturday. Business hours are subject to change. Must be able to work additional hours, weekends, and holidays as needed.

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Compliance Specialist • Honolulu, HI, United States

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