Compliance Officer ( On-site)
UT Federal Credit Union
Knoxville, TN, USA
Published 3 days ago
Business Compliance
Title: Compliance Officer
Location: UT Federal Credit Union Corporate Headquarters
JOB DESCRIPTION STATEMENT:
Responsible for administering, complying with and maintaining all aspects of the Bank Secrecy Act/Anti-Money Laundering Compliance Program. Ensures accuracy and timelines of documentation generation, and efficiency and knowledge of compliance requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Ability to interpret regulations and laws, and disseminate information. Knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations. General knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
MINIMUM REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
Bachelor's degree from fourâ€'year college or university in a related field; and at least two years related experience; or equivalent combination of education and experience.
LANGUAGE SKILLS:
Ability to read and interpret documents such as regulatory instructions, policy manuals, task documentation, and procedure manuals. Ability to write clearly and concisely, as well as in producing routine reports and correspondence. Ability to speak effectively before groups of employees of organization.
MATHEMATICAL SKILLS:
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to create and interpret bar graphs.
REASONING ABILITY:
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
CERTIFICATES, LICENSES, REGISTRATIONS:
None required. Certification in compliance preferred.
Thank you for your interest in joining UT Federal Credit Union. As part of our commitment to ensuring a safe and secure work environment, all offers of employment at UT Federal Credit Union are contingent upon the successful completion of a comprehensive background check.
The background check may include, but is not limited to, checks of your criminal record, employment history, educational credentials, credit history, motor vehicle record, and references. You may be required to provide additional information and complete further documentation to facilitate these checks.
By proceeding with this application, you hereby authorize UT Federal Credit Union and its designated agents and representatives to conduct such investigations and request such information as is necessary to evaluate your suitability for employment.
In the event that information from a consumer report obtained about you from a consumer reporting agency is used in whole or in part in making an adverse decision with regard to employment, you will be provided with a copy of the consumer report and a description in writing of your rights under the law.
Should there be any discrepancies or disputes regarding the information obtained during the background check, or should you otherwise wish to discuss the report's contents with us, you will have an opportunity to discuss and/or dispute the content with us before a final employment decision is made.
All information received during the background check process will be treated with the utmost confidentiality and sensitivity, in accordance with the law. It will be used solely for the purpose of evaluating your potential employment at UT Federal Credit Union.
Please complete the application if you understand and agree to the above-mentioned conditions. In doing so, you acknowledge that you have carefully read and understand this Disclosure and Authorization and authorize UT Federal Credit Union to obtain and/or its agent to obtain and furnish to the Credit Union information related to your background to be used for employment purposes.
Location: UT Federal Credit Union Corporate Headquarters
JOB DESCRIPTION STATEMENT:
Responsible for administering, complying with and maintaining all aspects of the Bank Secrecy Act/Anti-Money Laundering Compliance Program. Ensures accuracy and timelines of documentation generation, and efficiency and knowledge of compliance requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings of the credit union. Interprets and disseminates information on regulatory matters.
- Serves as the credit union's Bank Secrecy Act (BSA) Compliance Officer.
- Communicates current state of legislative issues to management, recommending the credit union's position.
- Participates in new product/service development, recommending appropriate compliance controls.
- Reviews new advertisements and disclosures for compliance with federal and state regulations.
- Coordinates compliance reviews with the credit union's third-party compliance consultant. Informs management of any compliance deficiencies noted during third-party reviews and tracks all outstanding deficiencies and corrective actions.
- Assists with regulatory examinations.
- Files currency transaction reports (CTRs) and conducts anti-money laundering (AML) research on suspicious accounts. Processes the bi-weekly FinCEN update. Prepares the monthly BSA report for the Board of Directors.
- Researches suspicious activity reports (SARs) and coordinates SAR committee meetings as necessary.
Ability to interpret regulations and laws, and disseminate information. Knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations. General knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
MINIMUM REQUIREMENTS:
- Maintain a positive attitude with employees and members, and remain flexible while focused on accepted practices, policy, productivity and effectiveness.
- Promote awareness of the credit union mission and brand statement to the credit union membership.
- Abide by the Service Standards established by the credit union.
- Strong knowledge of financial products and services.
- Regular and predictable attendance.
- Excellent verbal and written communication skills to communicate professionally.
- Maintain a professional appearance in accordance with established dress code policy.
- Technological skills and knowledge, including computer literacy.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
Bachelor's degree from fourâ€'year college or university in a related field; and at least two years related experience; or equivalent combination of education and experience.
LANGUAGE SKILLS:
Ability to read and interpret documents such as regulatory instructions, policy manuals, task documentation, and procedure manuals. Ability to write clearly and concisely, as well as in producing routine reports and correspondence. Ability to speak effectively before groups of employees of organization.
MATHEMATICAL SKILLS:
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to create and interpret bar graphs.
REASONING ABILITY:
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
CERTIFICATES, LICENSES, REGISTRATIONS:
None required. Certification in compliance preferred.
Thank you for your interest in joining UT Federal Credit Union. As part of our commitment to ensuring a safe and secure work environment, all offers of employment at UT Federal Credit Union are contingent upon the successful completion of a comprehensive background check.
The background check may include, but is not limited to, checks of your criminal record, employment history, educational credentials, credit history, motor vehicle record, and references. You may be required to provide additional information and complete further documentation to facilitate these checks.
By proceeding with this application, you hereby authorize UT Federal Credit Union and its designated agents and representatives to conduct such investigations and request such information as is necessary to evaluate your suitability for employment.
In the event that information from a consumer report obtained about you from a consumer reporting agency is used in whole or in part in making an adverse decision with regard to employment, you will be provided with a copy of the consumer report and a description in writing of your rights under the law.
Should there be any discrepancies or disputes regarding the information obtained during the background check, or should you otherwise wish to discuss the report's contents with us, you will have an opportunity to discuss and/or dispute the content with us before a final employment decision is made.
All information received during the background check process will be treated with the utmost confidentiality and sensitivity, in accordance with the law. It will be used solely for the purpose of evaluating your potential employment at UT Federal Credit Union.
Please complete the application if you understand and agree to the above-mentioned conditions. In doing so, you acknowledge that you have carefully read and understand this Disclosure and Authorization and authorize UT Federal Credit Union to obtain and/or its agent to obtain and furnish to the Credit Union information related to your background to be used for employment purposes.