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Risk and Compliance Specialist I

CBC Federal Credit Union
Oxnard, CA
  • Posted: over a month ago
  • Full-Time
Job Description

JOB TITLE: Risk and Compliance Specialist I

DEPARTMENT: Risk & Compliance

REPORTS TO: Compliance Manager

JOB STATUS: Non-Exempt

PRIMARY PURPOSE: Facilitate the Credit Union's enterprise-wide risk and compliance efforts by supporting management and serving staff as part of the Credit Union's Risk and Compliance resource team under the guidance of the Compliance Manager.


  • Practice CBC core values:
    • Make It Right-CBC pledges to do the right thing for our credit union by providing the greatest benefit possible to our members and our community
    • Make It Easy-CBC pledges to provide easy financial solutions, convenient locations, efficient service and simplified processes
    • Make It Personal-CBC pledges to nurture deep, personal relationships with members, based on their individual needs and preferences
  • Compliance Program
    • Provide assistance to the Compliance Manager in implementation and maintenance of the Credit Union's compliance program
    • Maintain a high level of awareness and knowledge of regulatory compliance requirements and assist in identifying significant compliance risk.
    • Perform day-to day compliance-requests from internal team members as appropriate in a timely manner
    • Co-ordinate and support internal and external audits. Responsibilities include document request, meeting coordination, remediation and tracking of allocated findings and observations.
    • Assist in ensuring compliance-related audit and examination findings are resolved appropriately and timely.
    • Assist in reviewing compliance-related communications including, but not limited to disclosures, notices and advertisements
    • Support frontline request for assistance/approval/adherence to business, trust and decedent accounts.
    • Assist in evaluating the adequacy of business policies, procedures, training and reference materials, systems and manual processes with respect to regulatory requirements. Provide recommended process enhancements and other improvements to Compliance Manager.
    • Maintain current knowledge of all federal and state laws and regulations, along with the Credit Union's policies and procedures.
    • Vendor Management: Assist in performing vendor due diligence, vendor risk assessments and critical vendor reports in Vendor Management Software.
    • Business Continuity Program: Support the maintenance of BCP Program, Business Impact Analysis, Vendor Risk Assessments and BCP Plan in Business Continuity Software
    • Assists in the development and implementation of bank forms, notices and procedures and monitoring processes for compliance with the Bank Secrecy Act, OFAC and relation regulations.
    • Assists in the compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.
    • Assist AVP in evaluating enterprise risk and ensuring key risk controls are in place to mitigate known risks through the risk management process.
    • Track and remediate subpoenas, levies, and law enforcement request
    • Facilitate risk controls through coordination of legal, regulatory compliance and operational knowledge.
    • Become proficient with NContract Compliance application and modules (Ncomply, Nrisk, NVendor, Ncontinuity and NFindings)
    • Cross train and provide back-up coverage to BSA Analyst when needed.
  • General Compliance
    • Maintains a proficient knowledge of all applicable rules and regulations.
    • Maintain a proficient knowledge of the Credit Union's BSA/AML Program policies and procedures.
    • Perform day-to-day compliance request from internal team members are answered as appropriate in a timely manner
  • Perform other duties as assigned

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES: The requirements listed below are representative of the knowledge, skills and ability required of an individual to satisfactorily perform the essential duties of this job.

  • Ability to read, analyze and interpret government regulations.
  • Ability to effectively present information and respond to questions.
  • Proficient knowledge and understanding of governmental regulations and compliance activities as they relate to the Credit Union.
  • Proficient knowledge and understanding of the Credit Union's products and services.
  • Problem solving and troubleshooting skills to include gathering and analyzing information and developing alternative solutions.
  • Decision making skills to include the ability to apply reasoning and common sense to make sound, accurate and timely decisions. Supports and explains reasoning for decisions. Includes appropriate people in decision making process.
  • Service skills to include responding promptly to needs, inquiries and requests in a timely, friendly and respectful manner.
  • Strong written communications skills to include the ability to write professional-quality policies, procedures, reports and memos.
  • Strong verbal communications skills to include the ability to articulate messages professionally and effectively in both positive and negative situations and in both one-on-one and group settings.
  • Computer skills to include proficiency with e-mail, Internet, word processing, spreadsheet and compliance-related software.
  • Ability to pay close attention to detail, such as when reviewing documents for compliance and when performing compliance testing.
  • Ability to perform tasks in an accurate, organized and timely manner.
  • Ability to meet project deadlines and follow through on commitments.
  • Ability to work independently with minimal supervision as well as work in a team.
  • Knowledge of BSA/AML/OFAC regulations as they apply to this role. Must complete annual required training.

EDUCATION and/or EXPERIENCE: High school diploma or graduate equivalency diploma (GED) and a minimum of one to three years of financial institution compliance, operations, or lending experience. National Association of Federal Credit Unions (NAFCU) Certified in Compliance Officer designation or similar compliance certification is preferred.

SUPERVISORY RESPONSIBILITIES: This position does not have any supervisory responsibilities.

OTHER REQUIREMENTS: Drive to other branches for meetings, compliance inspections and on-site training. Will require use of personal vehicle. Valid driver license and current auto insurance required.

PHYSICAL REQUIREMENTS: The physical demands described below are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be provided to enable individuals with disabilities to perform the essential duties.

This position is of light physical activity performing non-strenuous daily tasks of a clerical nature. It involves sitting and working on a computer for long periods at a time. Frequent use of both hands for key-boarding and simple grasping. Manual dexterity sufficient to reach/handle items and work with hands to fingers.

WORK ENVIRONMENT: Work area is well-lighted, heated and/or air-conditioned indoor office setting with adequate ventilation. The noise level is moderate.

WORK SCHEDULE: Workweek will typically be 40 hours, Monday through Friday. Additional daily hours or weekend work may be required to complete a job. Occasional attendance at meetings before or after scheduled hours may be required. Management reserves the right to change any employee's work schedule to meet the operational needs of the Credit Union. Furthermore, management reserves the right to reassign any employee, either temporarily or permanently, to work at another credit union location.

TRAVEL: Occasional overnight travel (up to 10%) by land and/or air.

Job Posted by ApplicantPro

CBC Federal Credit Union


Oxnard, CA
93036 USA



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