Risk & Compliance Analyst
Department: Compliance
FLSA: Exempt
EEO: Full-time
Salary Grade: 16
Salary Range: 59,1200-88,680

POSITION SUMMARY:

The Risk and Compliance Analyst is responsible for supporting core areas of the credit union’s risk and compliance framework, with an emphasis on compliance program administration, vendor management, and business continuity planning (BCP). This role assists in ensuring regulatory compliance across the organization by reviewing and documenting compliance activities and supporting the implementation of new or updated regulatory requirements. This position also contributes to fraud prevention efforts, monitors third-party risk, and plays a key role in strengthening the credit union’s overall compliance management system.

QUALIFICATIONS

Education Required: High school diploma or GED required. Bachelor’s degree in business, criminal justice or related field preferred.
Required Knowledge: In depth knowledge of financial institution operations and state and federal credit union and banking regulations such as Bank Secrecy Act, Office of Foreign Assets Control, SAFE Act, Truth-in-Lending, Equal Credit Opportunity, Fair Housing, HMDA, RESPA, FCRA/FACTA, Truth-in-Savings, Funds Availability, Electronic Funds Transfer, UDAAP, etc. Familiarity with fraud risk principles, vendor management best practices, and third-party risk assessment. Awareness of business continuity and disaster recovery planning concepts. Knowledge of credit union systems, such as core banking platforms, Verafin, and case management tools.
Experience Required: Minimum of five (5) years of experience in a financial institution in retail operations. At least three (3) years of experience in compliance, risk management, fraud prevention, or BSA functions. Experience supporting compliance audits, vendor due diligence, or fraud case management is preferred.
Professional Certifications: Ability to obtain certifications such as: Certified Credit Union Compliance Officer (CUCO), Certified Bank Secrecy Act Professional (CBSAP), or Certified Credit Union Enterprise Risk Professional (CUERP). Additional certifications such as CAMS, CRCM, CFE, or CRMA are a plus.

SKILLS/ABILITIES

• Strong analytical skills and attention to detail.
• Ability to interpret and apply complex regulatory requirements.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office applications and compliance/fraud management systems.
• Ability to manage multiple priorities and meet deadlines with minimal supervision.
• Collaborative and adaptable, with a proactive approach to problem-solving.

INTENT AND FUNCTION OF JOB DESCRIPTIONS

Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well- constructed job descriptions are an integral part of any effective compensation system.
All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodation will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law

• Assist in monitoring, documenting, and evaluating internal compliance activities to ensure adherence to regulatory and policy requirements.
• Assists with the implementation of a comprehensive compliance program to ensure conformity with federal and state laws and help coordinate compliance reviews and organization examinations.
• Support the ongoing administration and development of the credit union’s compliance management system, including policy reviews, audit follow-ups, risk assessments, and regulatory updates.
• Review and triage fraud alerts, assist in investigations, and coordinate with the fraud prevention team on case documentation and escalation.
• Track and manage vendor due diligence documentation, conduct vendor risk reviews, and maintain third-party risk management records in accordance with the vendor management policy.
• Assists with Enterprise Risk Management requirements.
• Assist with the testing and maintenance of the credit union’s business continuity and disaster recovery plans.
• Participate in special projects such as the enhancement of compliance tracking tools, vendor management platforms, or fraud detection systems.
• Perform regulatory research and assist with the preparation of reports, internal reviews, and materials for audits, examinations, and board reporting.
• Collaborate with other departments to ensure consistent compliance practices and accurate documentation across functional areas.
• Assist in researching and analyzing regulations to develop and implement practical solutions.
• Stay informed of emerging compliance requirements, risk trends, and fraud methodologies in the financial services industry.
• Maintain and organize records for compliance monitoring activities, including logs for complaints, disclosures, or exception tracking.
• Assist in developing and maintaining internal training content related to compliance, and vendor risk management.
• Assist in periodic reviews of departmental practices to ensure internal controls are functioning as intended and align with policy requirements.
• Help analyze regulatory guidance and translate it into actionable changes in internal procedures.
• Support due diligence and monitoring activities for high-risk vendors and contracts with compliance-sensitive services.
• Participate in the development and maintenance of internal checklists, risk rating tools, and workflows to streamline compliance and risk functions.