Description
O Bee Credit Union is hiring a Compliance Specialist to join our amazing team. This full-time position plays a vital role in supporting our mission, our members, and our one-of-a-kind company culture.
What You’ll Do:
As our Compliance Specialist, you’ll help ensure the credit union operates in alignment with applicable laws, regulations, and internal policies. You’ll monitor regulatory changes, investigate potential risks, and analyze member activity to support compliance.
You’ll collaborate across departments to provide guidance, share insights, and recommend solutions that strengthen compliance and reduce risk. Your work will include reviews, reporting, training, and ongoing monitoring to support a strong compliance program.
The Details:
- Location: Lacey, WA
- Pay Range: The range for this position is $31.27-$46.90 per hour with a target range of $31.27-$39.09 per hour, depending on relevant experience and qualifications.
Why You’ll Love Working Here:
We’re deeply rooted in the communities we serve and love participating in local events like parades and festivals. Most importantly, we love our members. We offer a competitive benefits package, including:
- Employer-paid medical, dental, and vision insurance options
- 100% 401(k) match up to 4% of your salary
- Tuition reimbursement
- Charitable Volunteer Hours
- Incentive pay for achieving individual or company goals
Responsibilities:
- Maintain current knowledge of applicable laws and regulations, including BSA, OFAC, USA PATRIOT Act, and Regulations B, Z, CC, and E, as well as relevant state and federal requirements.
- Monitor regulatory changes and partner with impacted departments to support timely and effective implementation.
- Respond to compliance-related inquiries from internal teams, members, financial institutions, and law enforcement.
- Review and investigate alerts related to potential money laundering, sanctions, and other risk indicators.
- Conduct member outreach and investigations, balancing service and risk to resolve BSA/AML and compliance-related cases.
- Perform periodic compliance reviews across business areas (e.g., lending, overdrafts, CIP, CDD, BOI, SAFE Act, cannabis banking) and document findings.
- Identify compliance gaps and emerging risks, and recommend mitigation strategies.
- Prepare and submit required BSA/AML reports in accordance with regulatory deadlines.
- Conduct Enhanced Due Diligence (EDD) and high-risk account reviews in alignment with KYC requirements.
- Monitor and track complaint resolution, identifying trends and areas for improvement.
- Deliver compliance training and presentations to internal departments.
Apply today and be part of something meaningful at O Bee Credit Union.
O Bee Credit Union provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran.
Requirements
- Must have high school diploma or equivalent. An associate or bachelor’s degree is preferred.
- Must be able to pass a background and credit check.
- At least two years of credit union or banking experience is preferred.
- BSA/AML and Compliance certification is preferred, or the ability to obtain.
- Excellent verbal and written communication skills.
- Excellent organizational and critical thinking skills.
- Ability to multitask and prioritize based on due dates and potential risks to the Credit Union.
- Ability to manage a fast-paced work environment.
- Ability to analyze errors and take appropriate corrective action.
- Ability to work independently and in a team environment.
Skills Required
- High school diploma or equivalent
- Associate or bachelor's degree
- Ability to pass a background and credit check
- Credit union or banking experience (2 years preferred)
- BSA/AML and Compliance certification or ability to obtain
- Knowledge of BSA, OFAC, USA PATRIOT Act, and Regulations B, Z, CC, and E
- Experience reviewing and investigating potential money laundering, sanctions, and other risk indicators
- Experience performing compliance reviews (CIP, CDD, BOI, SAFE Act, cannabis banking) and documenting findings
- Ability to prepare and submit required BSA/AML reports and perform EDD/high-risk account reviews
- Excellent verbal and written communication skills
- Excellent organizational and critical thinking skills
- Ability to multitask, prioritize deadlines, and manage a fast-paced work environment
- Ability to analyze errors and take corrective action
- Ability to work independently and in a team environment
What We Do
Founded in 1955 to serve Olympia Brewery employees, O Bee Credit Union has grown to serve members across Washington while staying true to its cooperative roots. It is a CDFI certified credit union that supports local events, small businesses, and financial education initiatives.
