Compliance Coordinator
Pearl River, NY

Responsible for the review, analysis, implementation, maintenance, and organizational education of the laws and regulations pertinent to credit union operations. Assess the effectiveness of controls and efficiency of operations; provide documentation of the credit union’s internal control systems; assess risks and adequacy of risk controls; report findings, make recommendations, and follow-up on results. Also responsible for developing and administering the credit union’s Bank Secrecy Act/Anti-Money Laundering Program to ensure that the credit union’s policies, procedures, and practices comply with applicable laws and regulations. Develop and revise current policies and procedures to ensure compliance.


Essential Functions & Responsibilities:

  • Maintains comprehensive knowledge of all laws and regulations that affect credit union business. Monitor the regulatory environment for new regulations and for proposed changes to existing regulations and assess their effect on credit union operations.
  • Act as the Credit Union’s BSA Officer, conducts reviews of reports and files to ensure compliance with Bank Secrecy Act, Bank Bribery Act, OFC, and US PATRIOT Act. Ensures alerts generated through the Credit Union’s AML platform are reviewed and addressed timely.
  • Reviews internal credit union forms as needed to ensure compliance with appropriate disclosures. Coordinates with form vendor for necessary changes.
  • Partners with Internal Audit CPA firm to formulate organizational risk assessment and plan a three-year cycle of internal audits. Manages the audit process, which includes coordinating the collection of requested documentation for auditors and oversees remediation of findings by applicable department managers. Performs internal audits to ensure adequate compliance with regulations, and recommends enhancements to policies, procedures, and/or operating systems to correct any identified deficiencies.
  • Chair of the credit union’s Risk & Compliance Committee, providing monthly updates to executive management and department managers to ensure the organization’s compliance with National Credit Union Administration (NCUA) and Consumer Financial Protection Bureau (CFPB) rules and guidance.
  • Establish and maintain an ongoing compliance training program.  
  • Oversee vendor management process, including new vendor setup, initial due diligence, ongoing review, and periodic vendor review.
  • Coordinates with department managers regarding necessary maintenance and repair of facilities; liaison between credit union and external facilities relationships.
  • Performs other job related duties as assigned.

Performance Measurements:

  • Develop, maintain, and demonstrate current knowledge of applicable State and Federal Laws and Industry Regulations to ensure the Credit Union’s policies and procedures remain compliant and are adhered to in all areas.
  • Establish and maintain an effective relationship with internal users, executive management, and vendors.
  • Develop and maintain a library of compliance resources to enable employees to educate themselves in relevant areas.
  • Ensure vendor relationships are not established without proper due diligence review; ensure required ongoing vendor review is performed as necessary.
  • Schedule facilities maintenance ensuring managers have sufficient time to inform staff of any disruptions impacting credit union operations or work schedules.

Knowledge, Skills & Abilities:

Experience - Two to five years of similar or related experience in a financial institution.

Education -   (1) A bachelor’s degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor’s degree. Credit Union Compliance Expert (CUCE) certification preferred, or willing to obtain within 12 months of hire.

Interpersonal Skills - Work involves much personal contact with others inside and/or outside the organization. Discussions involves a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills - Ability to interpret regulations and laws and disseminate information. Ability to organize and prioritize work and meet deadlines. Strong verbal, written and public speaking   skills and interpersonal skills. Knowledge of   regulations within the credit union industry. Strong word processing skills. 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.

Physical Demands - 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 accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit. The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand, walk, and talk or hear. The employee must occasionally lift and/or move up to 30 lbs. Specific vision abilities required by this job include close vision and the ability to adjust focus.