Compliance Risk Analyst

General Job Description

The Compliance Risk Analyst will collect, review, and assess the credit unions key risk management data. This will include the ability to review, identify and escalate risk trends within the organization. This position will provide support to the Senior Management Team, and perform other duties as specified. The compliance risk analyst works with all business units affected by changing laws, regulations, or policies and procedures to ensure that appropriate changes are implemented timely. This person must be well organized, flexible, analytical, and efficient. The ability to handle a fast-paced environment while remaining calm under pressure is crucial to this role. All duties must be performed in a professional and timely manner. Due to the nature of our business, this person must be able to work with a variety of personalities as well as interact with all levels of staff, including the Board of Directors. Confidentiality is of utmost importance in this position.

Essential Duties & Responsibilities

• Demonstrate abilities in problem-solving and analysis, identifies issues, analyzes information to assess potential risk. Produces regularly scheduled summary reports that measure key business processes appropriate for all levels of the business area and reports results.
• Maintains a well-developed and current knowledge of state and federal regulations especially those concerning anti-money laundering, terrorist financing, and mortgage and consumer lending.
• Working collaboratively with other departments, monitors and maintains Policy & Procedure library.
• Provides subject matter expertise; reviews new product and service offerings and all proposed marketing materials and disclosures to ensure compliance with applicable laws and regulations, as needed.
• Active participant on the Risk Committee; schedules and performs departmental risk assessments and reports findings to VP of Enterprise Risk.
• Promotes risk monitoring and reporting within all business lines to ensure compliance within the established risk appetite, applicable state & federal regulations, and MCCU business practices, policies, procedures, and standards.
• Monitors specific high-risk activities on a daily, weekly, and monthly basis. Identifies, tracks, and reports exceptions until completion.
• Conducts branch audits to ensure compliance with regulation and internal policy and procedures. Including cash counts and regulatory signage.
• Assists the BSA / OFAC Analyst and serves as a back-up, as needed, using Verafin software and utilizing FinCEN.
• Composes and edits reports, correspondence, manuals, spreadsheets, and other communications. Establishes clear lines of communication with each department and business line.
• Maintains and coordinates the organization's Vendor Contracts and Due Diligence. Assists vendor owners with required risk assessments and reports any outstanding vendor matters
• Coordinates with various business units to ensure all requested audit and exam items are gathered timely. Tracks, coordinates, and reports on audit-and exam-related findings and requests until completion.
• Prioritizes and manages multiple assignments simultaneously and follows through on issues in a timely manner.
• Closely collaborates with multiple internal teams including Information Technology, Marketing, Operations, and Retail.
• Acts as an integral part of the team, ready to step in and assist other groups when necessary.
• Provides friendly, prompt, professional, and accurate service and support to all members, co-workers, Board of Directors, auditors / examiners, and vendors in a courteous and professional manner.
• Foster and maintain positive relationships with both co-workers and members by actively embracing and demonstrating MCCU's culture, known as IMPACT.
• Any other duties needed to support our Vision, Mission, and Values.

Essential Job Requirements

Skills / Abilities

Physical / Mental Requirements of the Position :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.