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Compliance Analyst

Company: Taunton Federal Credit Union
Location: Taunton
Posted on: September 19, 2022

Job Description:

If you are interested in the back end aspects of banking, and are detail oriented, this position may be for you. We are looking for someone who works independently, has good communication skills, understands the banking industry, and is looking to step into the world of Compliance. This position is responsible for monitoring and analyzing the day-to-day operational activities relative to all aspects of regulatory compliance and reporting, including, but not limited to the Bank Secrecy Act. Providing feedback on such to management in the form of reporting documents and narratives in a timely fashion. This position will aid credit union staff of all levels in all areas of regulatory compliance and perform quality control reviews on all levels of new accounts, presenting findings. Essential Functions & Responsibilities: Review multiple system reports using problem solving abilities and investigative research to detect patterns, potential fraud and activity requiring regulatory reporting. Includes preparing and on time submission of regulatory reporting forms, including but not limited to Currency Transaction Reports and Suspicious Activity Reports.Perform quality control reviews for all new accounts, including loans and deposit accounts. Prepare documentation of findings associated with each. Maintain documentation of reviews in accordance with record retention requirements.Analyze new account activity and complete risk scoring calculation. Prepare recommendations for adjustments in risk, as needed. Ability to review and analyze account history and detect patterns.Prepare reports summarizing findings for management review, including recommendations for action plans as needed to remedy any issues noted.Assist all areas with compliance audit requests to ensure that accurate records are provided to auditors and examiners.Provide compliance support and maintain a professional relationship with peers, management, other staff and member through cooperation, mutual trust and respectAssist with special projects and performs other job related duties as assigned Qualifications/Education/Experience/Personal Characteristics: High school diploma or GEDOne year experience, preferably in a bank or credit union settingStrong attention to detailAbility to plan and organize, handle multiple prioritiesAbility to work independently and follow up on tasksExcellent communication skills

Physical Demands: General requirements:Full upper extremity range of motionFull lower extremity range of motionContinuous: Hearing, talking, sitting, vision, talkingFrequent: Standing, use hands and fingers to handle or feel, lifting (under 10 lbs), carryingOccasional: Walking, reaching with hands and arms, stooping, kneeling and crouching, lifting (10-25 lbs)No telephone calls please, qualified applicants will be contacted directly.Taunton Federal Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status, and will not be discriminated against on the basis of disability.Job Type: Full-time

Keywords: Taunton Federal Credit Union, Taunton , Compliance Analyst, Professions , Taunton, Massachusetts

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