Compliance Specialist

Connexus Credit Union - Who We Are:

Serving members across all 50 states, Connexus Credit Union is a member-focused cooperative that is proud to return profits to member-owners through high yields for checking accounts and deposit products, as well as competitive rates on our loans. We are a remote first employer with the majority of our employees residing in the upper Midwest.

As an employer we foster collaboration and high performance to achieve excellence. We holistically care for and develop our employees to thrive personally and professionally. We are proud to share our success with our employees and those we serve.

Connexus offers an Amazing Benefits package:

• 20 days of paid time off and 8 paid holidays

• 16 hours of paid Volunteer Time Off

• 401K Retirement with up to 6% employer match

• Excellent Health, Dental, Vision insurance, including multiple plan options

• Health Savings Account with generous employer contributions

• Employer paid Life insurance, Short-Term and Long-Term Disability

• Tuition Reimbursement from $4,000 - $7,000 per calendar year

• Robust Learning and Development program that includes an annual professional development stipend

About the Role:

Due to our continued growth, we are adding a Compliance Specialist to our team. As a Compliance Specialist, you will help to reduce risk and ensure regulatory compliance for the credit union. Reporting to the VP of Compliance, this role’s primary responsibility is to provide accurate responses and guidance to compliance questions, assist with comprehensive department compliance testing and loan reviews, and maintain a thorough understanding of state and federal laws and regulations and ensure that Connexus remains compliant under these laws and regulations, and identify potential areas of risks.

Responsibilities:

• Coordinates and gathers information for quarterly compliance reviews, loan reviews and the internal audit program; collaborates with management to develop and implement plans to resolve identified weaknesses.   

• Take appropriate action on opportunities that would improve the effectiveness and/or efficiency of the Compliance Management Program.

• Works with Learning and Development to ensure staff complete appropriate compliance training.

• Monitors guidance and bulletins issued by government regulatory agencies and industry groups for emerging changes; identifies the impact of new regulations on the Credit Union and advises management on the viable control options for mitigating the risk for emerging compliance issues.

• Assists the Risk Management Department with the ongoing review and update of the Credit Union’s policies and risk assessments; prepares summary reports for Board of Directors / Supervisory Committee review.

• Reviews all marketing promotions and documents to ensure regulatory compliance.

• Work with internal departments to update the following Credit Union consumer disclosures: Important Account Information for our Members, Truth in Savings (TIS), Fee Schedule, Privacy Policy and loan product disclosures based on regulatory and business directives.

• Assists Internal Audit with ongoing due diligence analysis of third-party vendor relationships.             

• Manages and resolves operational inquiries that are received through the Compliance Help Desk; consults with Manager to determine appropriate course of action for high severity/frequency risk exposures.

• Provides guidance to the Fraud Department on BSA/AML/OFAC compliance when needed.

• Comply with all Federal Regulations as they pertain to your job duties, including BSA.

Position Requirements:

• This position is Remote.

• 2+ years of experience in the financial industry is Required.

• Ability to obtain compliance certification through the America’s Credit Unions within one year is Required.

• Working knowledge of compliance-related laws, regulation, issues and credit union/bank supervisory procedures and knowledge of credit unions/banking functions, how they are organized and regulated is Required.

• Proven organizational abilities and communication skills that will be utilized to promote the Compliance Management Program and further its effectiveness at the Credit Union.

Connexus Credit Union's Recent Recognitions:

• 5 Best Credit Unions of 2024 – Nerdwallet

• The Best Credit Unions of 2024 – Bankrate

• Best Credit Union for using Any ATM - The Balance

Equal Opportunity Employer/Disabled/Veterans/41 CFR 60–1.4, 41 CFR 60-1.35