Compliance Officer

Compliance Officer Operational Risk & Compliance Department Position Summary The Compliance Officer is responsible for working with the Senior Compliance Officer in ensuring that the Company Compliance Program is functioning as an independent and objective body that reviews and evaluates compliance issues/concerns within the organization.
The position ensures that Board of Directors, management, and employees are in compliance with the rules and regulations of regulatory agencies and that company policies and procedures are adhered to.
The Compliance Officer is responsible for ensuring that all aspects and duties of this role are handled efficiently and accurately in accordance with credit union established policies and procedures and all governmental rules, regulations and laws pertaining to the functions performed in this department.
The Compliance Officer will also act as one of the Enterprise Risk Management Officers and Vendor Risk Management Officer as needed within the organization.
Essential Duties and Responsibilities Keeps informed about federal and state compliance rules, laws, regulations, and best practices as they relate to the Credit Union.
Assists with reporting changes, as appropriate, to affected departments.
Provides Management with information on any changing compliance rules, laws, and regulations that may have an impact to the organization and provides guidance, within the scope of responsibility, or seeks the appropriate guidance from Compliance resources and collaborates with Senior Compliance Officer to fulfill said responsibility.
Reviews and recommends revisions to policies and procedures for the general operation of compliance management.
Conducts annual review of these policies and procedures to ensure that the ever-changing compliance arena is reflected appropriately.
Supports Credit Union departments with issues involving compliance including coordinating compliance activities, answering questions, developing policies, reviewing advertisements, etc.
Assists with the review and update of all company forms, disclosures, member publications, advertisements, and the website to ensure compliance with regulations.
Supports ERMCO by preparing ERMCO Agenda and Packet, attending meetings, preparing meeting minutes, and relevant duties.
Assists with coordinating and leading ERM risk assessment matrix reviews with Credit Union functional areas, analyzes the results, and collaborates with Senior Compliance Officer to prepare ERMCO and Board Summary reports.
Assists with information gathering activities for audit and examination engagements.
Manages and maintains the Complaint Management Program.
Provides regular updates to Management on the status of complaints, type of complaints, and resolutions.
Recommends possible changes based on complaints.
Other duties as assigned.
Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Please note: this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.
Duties responsibilities and activities may change at any time with or without notice.
Minimum Qualifications A two-year college degree or completion of a specialized course in compliance.
Three to five years of similar or related experience, including preparatory experience.
Credit Union Experience in the area of Compliance.
B.
A.
/B.
S.
degree a plus as the job involves a significant amount of written communications to internal/external customers.
Certified Compliance Professional a plus.
Experience with banking or Symitar system is a plus.
Detail-oriented, excellent organization, verbal, written, and communication skills.
Excellent time management skills to meet the daily need of the department and assigned projects.
Good interpersonal skills and ability to coordinate/communicate with individuals at all levels of the organization.
Must possess leadership skills.
Ability to balance risk management with customer service in everyday duties.
Work independently and with others.
Proficient with Word, Excel, and other software packages and PC literate.
Do you want to be valued as an employee? Employees are Meriwest’s most valuable resource.
We provide competitive wages and a supportive environment that promotes career advancement.
Meriwest utilizes a grading system to determine salary ranges for all positions.
Each grade is assigned a salary range which consists of a minimum, midpoint, and maximum rate.
The Compliance Officer position is a Grade 11.
Salary Range: $39.
04 to $58.
56 Target Range: $39.
04 to $48.
80* *The target range for entry in a new position is between the minimum and midpoint of the range, depending on experience and qualifications.
We also offer an excellent, fully comprehensive benefits program, including: Medical/Dental/Vision on the first day of employment for full-time employees Free Long Term Care Insurance for employees Tuition Reimbursement/Student Loan Repayment Plan Pension Plan/401K Bonus and incentive potential Generous Paid Time Off (PTO)/Holiday program Career growth support and planning programs In-house fitness center Discounts on new Mortgage after 6 months of employment Meriwest is an equal opportunity employer that is committed to inclusion and diversity.
All qualified applicants will receive consideration for employment.
We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.