Compliance Analyst

Description

Do you have a passion for helping others?

Do you thrive in a lively, supportive, and community-focused workplace?

Do you appreciate the unique roots of our organization? Yes, we started in the Olympia Brewery even though we serve all of Washington today. Want to be part of something special?

If you’re nodding along, then we want to hear from you!

O Bee Credit Union is hiring an Compliance Analyst to join our amazing team in our Compliance Department. This is a full-time role that plays a vital part in supporting our mission, our Members, and our one-of-a-kind company culture.

What You’ll Do

As our Compliance Analyst, you are responsible for detecting, researching, and preparing documentation related to Anti-Money Laundering and regulatory Credit Union compliance reviews and investigations. Investigations may pertain to various types of financial crimes or other illicit activities. Compliance reviews may pertain to lending, marketing, check holds, account opening procedures and any other area of the Credit Union determined to be of higher risk for regulatory non-compliance.

Responsibilities

• This position is required to perform all responsibilities in accordance with Credit Union policies and procedures as well as regulatory state and federal requirements. 
• Maintain a thorough and current knowledge of all financial institution laws and regulations including the Bank Secrecy Act (BSA), OFAC requirements, the USA PATRIOT Act, and state laws (RCWs). 
• Monitor, track, and communicate new and changing regulations with the applicable department(s). 
• Maintain a thorough and current knowledge of all laws and regulations pertaining to Credit Union compliance such as Regulation E, Regulation CC, etc. 
• Monitor and respond to compliance communications from other departments, branch employees, members, other financial institutions, and law enforcement. 
• Must be willing and able to conduct complex and investigative conversations with members in a manner that balances both service and risk. 
• Investigate, document, and resolve complex compliance cases. Identify potential financial crimes or other illicit activity for reporting. 
• Complete periodic reviews of various business units and systems within Credit Union for compliance with regulations, policies, and procedures. Areas may include but are not limited to; lending, check holds, OFAC, Customer Due Diligence (CDD), Customer Identification Program (CIP), wires, mobile deposits, international ACH transactions (IATs). 
• Identify areas of non-compliance or issues that may pose a greater risk to the Credit Union and provide recommendations to assist in risk mitigation. 
• Prepare Currency Transaction Reports (CTRs) as needed and meet filing deadlines. 
• Conduct complex Enhanced Due Diligence (EDD)/High-Risk Review (HRR) investigations detect and report Anti-Money Laundering (AML) concerns, illicit activities, and member adherence and Credit Union policies. Complete in-depth reviews of accounts according to federal “Know Your Customer” (KYC) guidelines. 
• Complete on-going monitoring of cannabis (502) accounts for compliance with the Washington State Liquor and Cannabis Board (WSLCB)’s priorities and requirements, detect and report potential illicit or money-laundering activities, identify any other violations of cannabis account requirements, and escalate to Management any behaviors or information perceived to be of greater risk to the Credit Union. 

What Desired Qualifications You’ll Bring

• High School Diploma or GED (required).
• Associates degree or equivalent work or educational experience preferred. 
• Two to three years of financial institution experience required. 
• One to two years of financial crimes investigations experience preferred. 
• Current BSA/AML Certification preferred (BSACS, ACAMS, or similar). 

Skills That Shine

• Excellent verbal and written communication skills displaying an attention to detail 
• Excellent organizational and problem-solving skills 
• Ability to multitask and prioritize based on due dates and potential risks to the Credit Union 
• Ability to handle a fast-paced work environment 
• Ability to analyze errors and take appropriate corrective action 
• Proficient spreadsheet and word processing experience 
• Familiarity with regulations, policies, and procedures for the financial services industry 
• Able to work independently and in a team environment 
• Ability to maintain strict confidentiality 

Why You’ll Love Working Here

Our organization is deeply rooted in the communities we serve, and we take pride in being a part of local events like parades, festivals, and music celebrations. We also 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 
• A vibrant, inclusive, and people-first workplace culture

The Details

• Location: Administration Building, Lacey, WA
• Pay range: $26.72-$40.08 and is dependent on experience. 
• Recruitment will remain open until the position is filled
• Applications submitted without a resume will not be considered

Let’s brew something great together. 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.