Compliance & Loss Prevention Specialist

POSITION PURPOSE  Responsible for assisting the VP of Compliance to ensure that the Credit Union is in compliance with all state and federal regulations.  Assist in reviews of internal policies and procedures and assist in the facilitation of changes as necessary to enhance efficiency and / or be compliant with regulatory changes. Review reports and create analysis based on various compliance requirements and / or as needed. Prepare and file reports with government agencies as directed by law.  This position is responsible for loss prevention and loss mitigation.

These duties include conducting investigations of potential fraudulent activity, coordinating recovery of losses due to fraudulent activity with Resolutions Specialists.  ESSENTIAL FUNCTIONS AND BASIC DUTIES 1.

Assist the VP of Compliance in the Credit Union’s compliance with all applicable laws, rules, and policies. a.

Assist to ensure compliance with applicable financial laws and regulations.  Analyzes and reports data as required. b.

Compile reference resources for the Credit Union’s daily use to ensure compliance with regulations. c.

Ensure that department procedures are updated and are in accordance with credit union practices and evolving regulations. d.

Assist management to meet all regulatory recordkeeping and reporting requirements.  Identify reportable transactions and accurately file all required reports in a timely manner.  Monitor for suspicious activity and engage in any other activity covered by the BSA. e.

Assist management in training employees to be aware of their responsibilities under the BSA regulations. 2.

Assumes responsibility for establishing and maintaining effective communication and coordination with area personnel and management. a.

Assist area personnel as needed.   b.

Keep Management informed of area activities and of any significant problems. c.

Complete and submit required reports, records, and related documents. d.

Attend meetings as required. 3.

Assumes responsibility for ensuring that professional business relationships are established and maintained with regulatory agencies, auditors, appraisers, and business associates. a.

Maintain the Credit Union’s professional reputation. b.

Resolve complaints, questions, and problems promptly.  Provides assistance as needed. c.

Represent the Credit Union in contacts with business and trade associations and otherwise promotes the Credit Union’s image. a.

Participate in community organization’s events as a representative of CASE Credit Union. b.

Present new products and services to community organization’s clients. c.

Advocate to community partners the benefits of CASE Credit Union’s products and services that will assist their clients become banked.

QUALIFICATIONS Education / Certification :

• College courses in Business Administration, Accounting, Finance, or related field preferred.

Required Knowledge :

Knowledge of applicable federal and state financial regulations Experience Required :

Skills / Abilities :