What are the responsibilities and job description for the Compliance Associate position at MyUSA Credit Union?
MyUSA Credit Union is a $350 million financial institution with offices in Middletown (2), Trenton, Kettering (2), Moraine, Piqua, Springfield and Vandalia.
We are seeking interested candidates for a Compliance Associate at our corporate branch in Middletown, OH. The Compliance Associate partners with the Compliance Manager in performing a variety of monitoring and support activities to ensure adherence to key requirements in the areas of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, USA Patriot Act, GLBA and FACT Act. The role works cross functionally with all staff to ensure proper procedures are followed within these regulatory areas as well as related to fiduciary accounts.
Responsibilities include:
- Work closely with the Compliance Manager to assist in the day-to-day processes and support related to the Credit Union’s Bank Secrecy Act (BSA) / Anti-Money Laundering (AML), OFAC, Customer Information Procedures (CIP), and FACT Act programs as well as member privacy aspects of the Gramm-Leach-Bliley Act.
- Provides timely response and support to employee inquiries related to regulations, Dormant Accounts, Power of Attorney and other fiduciary accounts.
- Performs monitoring of various compliance related reports
- Reviews system-generated reports of cash transactions, obtains additional transaction detail, and identifies transactions that require a CTR.
- Accurately reviews and processes Payable on Death forms as needed.
- Assists with research and review of potential suspicious activity and elder abuse situations.
- Assists with review, research and acknowledgement of watch list alerts related to OFAC and FinCEN 314(a).
- Supports Compliance Manager with maintaining appropriate record retention.
- Assists with due diligence responsibilities related to Money Service Business (MSB) account(s), if any.
Qualifications include:
- Detail oriented with good organizational and time-management skills, and the ability to multi-task
- Good verbal and written communication skills
- Strong data entry skills
- Ability to use PC, computer applications (to include Microsoft Office products, internal processing and imaging systems), and general office equipment
- Problem solving: Decisions are based on established guidelines and procedures. Complex or unusual problems are referred to Manager
- Minimum of a High School Diploma
- One or more years’ experience in financial services industry preferred
- Prior BSA compliance experience helpful, but not required
Benefits:
- 401(k) Matching
- Generous Paid Time Off
- Company paid Life, AD&D, & Disability insurance
- Credit Union membership
- Health, Dental, & Vision insurance
- Employee Assistance Program
- Flexible Spending Account
- Health Savings Account
- Referral program
Physical setting:
- Office environment
Schedule:
- Day shift operational hours
Education:
- High school or equivalent (Required)
Experience:
- Banking: 1 year (Preferred)
- Customer service: 1 year (Preferred)