Compliance Analyst - Middletown, NY at Heritage Financial Credit Union

City of Middletown, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Jul, 26

Salary

75300.0

Posted On

17 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Compliance analysis, Risk management, AML/BSA activities, Vendor management, Regulatory compliance, Data analysis, Critical thinking, Project management, Communication skills, Organizational skills, Problem-solving, MS Word, Excel, Power Point, Outlook

Industry

Banking

Description

Description Come Join Heritage Financial Credit Union as Compliance Analyst Do you have a sharp eye for detail and a passion for doing things the right way? Are you curious about regulations, risk, and how they shape daily operations? In this role, you’ll support compliance efforts across the credit union, from monitoring regulatory changes to assisting with vendor oversight and AML/BSA activities. If you enjoy staying organized, thinking critically, and helping teams stay aligned with evolving requirements, this is your opportunity to make an impact. Here's a little about us:Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed. Our Core Values:Experience: Go Above Expectations; Create Positive Moments; Personally AcknowledgeService: Deliver As One Team; Stay A Step Ahead; Guide With Product ExpertiseIntegrity: Do What's Right; Speak the Truth; Own Our ActionsPeople: Grow Together; Respect Every Voice; Build Trusting Relationships; Strengthen Culture & Community ========================================================================================= POSITION PURPOSE The Compliance Analyst position assists in all aspects of HFCU’s Compliance and Risk Management, AML/BSA, Vendor Management Programs. This position acts as a resource and department contact throughout all departments within the credit union. Responsibilities include assisting with the management of overall credit union compliance-related risks, processing legal documents received by the Credit Union according to State, Federal and NCUA guidelines, and support the daily onsite activities relating to Compliance and Risk Management. Requirements ESSENTIAL FUNCTIONS AND BASIC DUTIES Provides support and guidance to Credit Union management and staff on regulatory, legal, and other compliance-related matters of lower complexity. Making appropriate referrals to senior staff on matters of greater complexity. Addresses compliance matters as they arise in daily operational activities to ensure regulatory requirements are met. Maintains awareness, understanding and compliance with the credit union’s internal policies and procedures, laws and regulations. Ensures adherence to company policies and procedures and Banking/Credit Union Regulations. Organizes and oversees key tasks with necessary onboarding and annual due diligence of vendors as part of the Vendor Management Program. Review new and existing vendors and for potential compliance concerns; prepare risk assessments Creates and reviews fraud cases and alerts using the Credit Union’s AML software. Review and submit Currency Transactions Reports (CTR’s) through AML software. Performs monthly review of sample selection of new memberships for New Account/Membership opened by branches. Performs daily file maintenance reviews for sample selection of the daily report. Researches, analyzes, and interprets basic banking regulations and compliance trends to determine impact on credit union operations. Monitor federal and state laws impacting HFCU, analyze the information, and prepares written communications to affected business areas regarding such laws. Supports the compliance team with daily scanning, mailing and communication tasks as needed. Supports communication and follow up for findings and observations related to internal compliance reviews. Helps to implement new regulatory requirements across the credit union as needed. Participates in internal projects and offers compliance advice as necessary. Maintains, monitors, and documents adherence to the Record Retention Policy Performs daily tasks related to the BSA/AML, OFAC and CIP compliance programs. Maintains high level of confidentiality Performs additional duties as required. QUALIFICATIONS Education/Certification: Bachelor's degree or equivalent experience in a related industry. 3-5 years relevant experience with credit union compliance related issues. Compliance designation/certification a plus Knowledge: Familiarity with credit union laws and regulations. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work. The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance. Experience Required. Must maintain current industry knowledge and keep pace with regulatory changes. Skills/Abilities Strong ability to analyze and report relevant data. Ability to handle highly confidential information. Excellent written and verbal communication skills. Commitment to continuing education, attends related conferences and obtains related certifications. Ability to project a professional appearance and positive attitude at all times. Strong written/verbal communication, collaboration, analytical and project management skills. Flexible, adaptable, and solid problem-solving skills. Detail-oriented with excellent organizational skills to perform multiple tasks simultaneously within strict timeframes. Ability to work effectively with others at all levels across the organization and provide authoritative guidance to credit union management and staff. Ability to work independently with limited supervision. Proficiency in the use of MS Word, Excel, Power Point, and Outlook What's in it for you? Salary: $62,300.00 - $75,300.00 annually, based on experience Benefits: - Paid Time Off & Paid Federal Holidays - Medical, Dental, Vision & Life Insurance - Employee Assistance Program - Flexible Spending Accounts (FSA)/Health Savings Accounts (HSA) - Supplement Benefits: Critical Illness Care, Identity Theft Protection, Pet Insurance, Legal Services - BenefitsPlus+ perks program (travel, entertainment, gift cards and so much more) - CareNet - benefits concierge service - 401(k) with 5% Employer Match - Educational Assistance - Paid Time to Volunteer - HFCU Logo-wear (that our employees wear with pride!) Equal Opportunity Statement Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.

Responsibilities

The Compliance Analyst supports the credit union's compliance and risk management programs, including AML/BSA activities and vendor oversight. They are responsible for monitoring regulatory changes, processing legal documents, and ensuring operational adherence to state and federal guidelines.