Compliance Analyst / Tester II (Specialty) (Finance)
Company Description
Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.
Job Description
The Compliance Analyst / Tester is responsible for Conducting standardized periodic compliance testing & monitoring oversight reviews following the Compliance Review Schedule including issuance of findings reports to the department and senior management regarding completed testing. This role conducts change management reviews of new products, processes, and initiatives for compliance with applicable federal and state regulations, statutes, and guidance with the Compliance Management team. They prepare, deliver, and effectively communicate analysis and reporting regarding regulatory compliance to oversight committees and management, as needed. Finally, this role ensures material compliance issues identified by any means and through any source related to Ent's products are recorded, tracked, and reported to ensure their appropriate and timely resolution. They conduct follow-up audits of corrective actions as necessary to ensure recommendations are implemented appropriately. The Compliance Analyst / Tester II role builds upon the expertise of the level I role by being seen as a subject matter expert in their assigned area of expertise. Level II individuals have a working knowledge of relevant regulations and a demonstrated understanding of how the effects of actions taken in one area may create (or resolve) issues in another area of the organization.
Essential Functions
- Second Line Compliance Periodic Testing & Review: Conduct standardized periodic compliance testing & monitoring oversight reviews following the Compliance Review Schedule including issuance of findings reports to the department and senior management regarding completed testing. Conduct change management reviews of new products, processes, and initiatives for compliance with applicable federal and state regulations, statutes, and guidance with the Compliance Management team. Assist with the development, implementation, and maintenance of the Company's Compliance Management System. Ensure that policies, procedures, and programs comply with applicable regulatory requirements and mitigate the risk of non-compliance within Ent's stated risk tolerances. Establish testing and monitoring protocols to assess and measure operations compliance with legal and regulatory requirements and identify defects and deficiencies requiring corrective action. Provide advertisement approvals for marketing initiatives.
- Compliance GAP Analysis: Prepare, deliver, and effectively communicate analysis and reporting regarding regulatory compliance to oversight committees and management. Prepare for examination or audit materials as needed. Conduct root cause analysis of compliance exceptions noted during testing and monitoring oversight reviews. Assess all regulatory risks related to deposit operations or lending operations, including identifying gaps in controls, highlighting areas of highest risk, and developing appropriate risk mitigation strategies. Assist in completing Compliance Risk Assessments and Risk Control Self Assessments following Compliance Department processes and procedures.
- Compliance Specialty: Develop a thorough understanding of procedures for all areas of responsibility. Develop knowledge of all compliance regulations within assigned areas of specialty. Maintain a working knowledge of compliance requirements affecting this position and area of responsibilities while actively learning new regulations and assisting in the implementation, if required.
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Qualifications
Minimum Formal Qualifications for this Position
- Bachelor's Degree in Technical Writing, English, Communication, Business, Marketing, or similar related field of study.
- 5+ years' of retail banking, bank back-office operations, bank compliance, or related financial services organization experience.
- 3+ years' host system experience (Symitar). Pref
- 1+ years' team leadership / supervisory experience. Pref
Technical or Specialized Knowledge/Skills:
- Possesses in depth understanding of the policies and procedures in various areas work so that they can perform activities such as: analysis of process data, detecting data quality issues, implementing tools/ mechanisms to support the process, participating in policy and procedure assessments.
- Must have the ability to analyze, interpret, evaluate, and question existing methods, processes and procedures in order to drive improvement in various areas of the organization.
- Possesses ability to produce standard documentation of new or proposed policies and procedures.
- General knowledge of accounting and audit concepts.
- General understanding of management principles, general business systems, and internal controls.
- Strong understanding and working knowledge of the credit union or financial services industry and the products and services of the company.
- Oral and written communication skills; solid interpersonal skills.
- Ability to hold information in strict confidence.
- (preferred) Basic knowledge of the application of contemporary internal auditing theory, auditing standards, procedures, and techniques.
- (preferred) Basic understanding of financial institutions and some knowledge of applicable regulatory oversight for financial institutions.
- None
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range for this position is: $30.26 to $39.72 per Hour (S15)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
We anticipate this position to close on 01/17/2025. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Benefits Summary Sheet
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
