Compliance Specialist

DO YOU WANT TO MAKE A DIFFERENCE

?Join a spirited, dynamic team with Hawai`is leading credit union as we make a difference in our community providing financial value, exceptional service, and state-of-the-art convenience to our members.

Position Title:

Compliance SpecialistDepartment:

ComplianceFLSA Classification:

Non-ExemptReports to: Vice President, Member SupportEmployee BenefitsOne great perk of working at UHFCU is we offer on-demand pay through our financial wellness provider. With the on-demand pay benefit, you can have the money you've already earned when you need it, so your time and money can work better for you. Get early access and get paid without waiting for your paycheck.

In addition to competitive pay, we are proud to offer a comprehensive benefits package.

Medical Insurance which Includes Drug and Vision; Company pays 100% of Employee's Self-Coverage; PLUS, a Company Paid Subsidy Towards Family-CoverageDental Insurance; Company Pays 100% of Employee's Self-Coverage and Employee Pays for Low-Cost Family-CoverageMedical and Dental Plan Premium Waiver Option401(k) Retirement Plan with Employer Match and Non-Elective Contribution (NEC)Eligible to Earn Thirty-Five (35+) Paid Days Off a

YearVacation Cash-Out ProgramFlexible Spending Accounts:

Healthcare and Dependent Care (Pre-Tax Benefit)Company Pays for Employee Group Basic Life With AD&D InsuranceCompany Pays for Employee Long Term Disability InsuranceVoluntary Accident Recovery, Critical Illness + Cancer, and Hospital InsuranceEmployee Assistance Program (EAP)Employee Loan DiscountCompany Subsidizes 50% for Adult Monthly Bus PassCash Reward Employee Referral ProgramWorkiversary Cash Reward and GiftsInternal and External Professional Development OpportunitiesAnd Many More!

POSITION PURPOSE

This position is responsible for the daytoday functions with respect to the credit unions compliance programs, such as Bank Secrecy Act (BSA), vendor due diligence, and compliance of forms and disclosures.

ESSENTIAL FUNCTIONS

BSA Compliance daily/monthly functions of processing and reviewing reports, and researching identified accounts for suspicious activity.

Assists in the periodic review and update of the BSA program.

Reviews reports daily to ensure CTRs and SARs are filed timely.

Reviews Verafin reports and follows up on suspicious activity.

Reviews shared branching transaction data for BSA compliance.

Monitors and reviews the Office of Foreign Assets Control (OFAC) Exemption list.

Processes FinCEN 314(a) Information Sharing Between Law Enforcement and Financial Institutions.

Monitors the SAR reporting tool for staff reporting of any suspicious activity including elder abuse, fraud, etc.

Assists in the review and update of disclosures/forms for new regulations and consistency with credit union practice and system setup.

Assists in the review of subpoenas and IRS levies.

Assists in researching regulations for compliance of credit union operations.

Assists in carrying out credit union compliance programs such as Vendor Due Diligence and Red Flags.

Assists in credit/debit card program as required.

Assists in ACH, Sharedraft and other electronic services as required.

Performs other duties as required.

PERFORMANCE STANDARDS

The following duties are completed in an accurate and timely manner:

Filing of CTRs and SARs.

Review of OFAC exemption list.

Review of member due diligence forms.

Review of wires, ACH and monetary instrument purchases.

Review and update of new vendors and contracts.

QUALIFICATIONS

Education/Certification:

Bachelors Degree or equivalent work experience in the retail financial services field, preferred

Required Knowledge:

Knowledge of financial institution regulationsBasic understanding of MS Office Suite is desired

Experience Required:

Experience in applying policies and procedures

Skills/Abilities:

Excellent written and verbal communications skillsAble to read and comprehend regulationsAble to multi-task and prioritize workPresentation experience

ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Repetitive Motion:

Movements frequently and regularly required using wrists, hands, and/or fingers.

Communication Skills:

Must frequently convey detailed or important instructions of ideas accurately and quickly.

Visual Abilities:

Average visual acuity necessary to read, prepare and inspect documents or products.

Hearing:

Able to hear average or normal conversations and receive information.

Physical Strength:

Sedentary work (sitting most of the time). Able to lift and carry up to 25 lbs.

Reasoning Ability:

Able to apply common sense understanding to carry-out detailed instructions and to deal with problems involving variables.

Mathematics Ability:

Able to perform basic math skills including adding, subtracting, multiplying and dividing using a calculator.

Language Ability:

Able to write complex sentences using normal word order with present and past tenses, as well as a command of the English vocabulary.

WORKING CONDITIONS

Air-conditioned, smoke-free office setting.

ATTENDANCE REQUIREMENTS

Please note that scheduled attendance requirements may change due to business needs.

BUSINESS HOURS

Monday through Saturday. Business hours are subject to change. Must be able to work additional hours, weekends, and holidays as needed.