Sioux Falls Federal Credit Union

Compliance Specialist

Location

Admin Center

Type

Full Time

We are seeking a knowledgeable and proactive individual to join our team. In this role, you are an integral part of our risk department, responsible for monitoring member accounts and assisting departments in regulatory compliance. 
Be a part of a passionate and caring organization, dedicated to helping our members live better. Great benefits include health, vision, dental, paid time off, paid holidays and great day time hours, life insurance, long and short-term disability, pension plan, 401(k) option, and many more! We are a locally owned financial institution with 6 branches throughout Sioux Falls, serving Minnehaha, Lincoln, McCook and Turner counties offering exceptional rates and options to our Members. 
Essential Duties of the Compliance Specialist Include:
  • Responsible for monitoring member accounts via the credit unions BSA/AML monitoring tools and researching transactions to identify suspicious activity in violation of the Bank Secrecy Act/Anti-Money Laundering regulations, USA Patriot Act, and other applicable regulations.
  • Responsible for reviewing and monitoring member accounts for fraudulent and suspicious activity and preparing and submitting Suspicious Activity Reports (SAR's) as appropriate.
  • Oversees the Real Estate Quality Control Review Program and report results to management on a quarterly basis.
  • Conducts Compliance Reviews, issues reports to management, and follows up on remediation of issue
  • Maintain a current awareness of the regulatory environment and knowledge of state and federal regulations. Attend training as needed to remain well-versed in applicable regulations.
  • Prepare and perform periodic tests and reviews of transactions and or procedures to monitor the effectiveness of the compliance program, or engage a 3rd party for completion of the reviews.
  • Ensure each department has effective monitoring procedures in place, and that monitoring is occurring on a timely basis.
  • Other job duties listed in full job description.
Qualifications:
  • Minimum of a bachelor’s degree or equivalent from an accredited college or university and 1-3 years similar or related experience. Experience may include any type of compliance analyst or specialist role, audit, and other financial experience. 
  • Knowledge of accounting software; database software; internet software; spreadsheet software, and word processing software
  • Ability to solve practical problems and interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages, Ability to apply basic algebra.
  • Ability to read and interpret documents, write routine reports and correspondence, and speak effectively before groups of members or employees.
EEO W, M, Disability or Veteran/ AAP
 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Equal Opportunity is the law.

Company Website: www.siouxfallsfcu.org

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