Compliance Analyst

The Compliance Analyst is responsible for compliance functions of the credit union, including policy, legislative and regulatory affairs, and serves as liaison with legal counsel and trade associations regarding regulatory matters. This role serves as a subject matter expert by providing guidance to business lines to ensure initiatives and processes comply with appropriate laws, regulations, and credit union policies. The ideal candidate will possess expertise in Credit Union/Banking regulations. Maintain a thorough understanding of regulations related to credit union compliance, monitor and analyze developing trends and changes in laws, rules, and regulations as they relate to credit union activitiesParticipate in new product development and provide input and guidance regarding compliance concerns relevant to proposed and current products and services offered by the credit unionAssist in compliance regulatory reviews to confirm business units' compliance with applicable regulations. Document and support findings and communicate to managementDeliver prompt response to business unit inquiries by issuing compliance opinions on topics such as federal regulations, and state lawManage ongoing reviews of marketing, advertisements, and disclosures for regulatory complianceCollaborate with department managers on solutions to overcome compliance concerns. Monitor implementation of corrective actions to address compliance-related issues revealed during monitoring activities, internal audits, and regulatory examinationsAdminister complaint-tracking efforts for the compliance department. Apply experience and judgment to identify key trends observed in complaint reviews and identify opportunities to reduce riskAs part of the Policy Management Program, ensure all regulatory requirements are accurately documented in appropriate policiesIdentify, interpret and summarize new or changes to existing regulations or laws to Compliance managementConduct risk assessments/evaluations of the credit union's operations to determine areas for focus and potential liabilitiesPerforms other related duties as assignedRemains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA) RequiredBachelor's degree in Accounting, Finance, Legal Studies, Public Policy, general business or another related field; combination of education and related regulatory compliance or audit work experience may be consideredMinimum of 3 years of regulatory compliance experience or other compliance or audit work within a financial service institution, experience in compliance oversight, or equivalent combination of education and experienceStrong analytical ability, and the capacity to conduct research, interpret and understand laws and regulations, and provide practical recommendations and solutions to problemsBroad knowledge of federal and state regulations, rules, and guidelines related to credit union deposit and lending functions, as well as related lawsStrong written and verbal communication skills required to prepare and present recommendations, strong logic, quantitative and analytical skills; deductive reasoning and problem solving skill and ability to accomplish other functions as neededAbility to work independently, with limited required direction and guidanceAbility to work effectively on-site in our Herndon, VA headquarters and equally effectively remotelyAbility to work Monday - Friday, 8:00am - 4:30pm PreferredCompliance certification (e.g. Certified Compliance Officer - NCCO, CUCE, CRCM)