Compliance & Loss Prevention Specialist

POSITION PURPOSE

Responsible for assisting the VP of Compliance to ensure that the Credit Union is in compliance with all state and federal regulations. Assist in reviews of internal policies and procedures and assist in the facilitation of changes as necessary to enhance efficiency and/or be compliant with regulatory changes. Review reports and create analysis based on various compliance requirements and/or as needed. Prepare and file reports with government agencies as directed by law.

This position is responsible for loss prevention and loss mitigation. These duties include conducting investigations of potential fraudulent activity, coordinating recovery of losses due to fraudulent activity with Resolutions Specialists.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Assist the VP of Compliance in the Credit Union’s compliance with all applicable laws, rules, and policies.

a. Assist to ensure compliance with applicable financial laws and regulations. Analyzes and reports data as required.

b. Compile reference resources for the Credit Union’s daily use to ensure compliance with regulations.

c. Ensure that department procedures are updated and are in accordance with credit union practices and evolving regulations.

d. Assist management to meet all regulatory recordkeeping and reporting requirements. Identify reportable transactions and accurately file all required reports in a timely manner. Monitor for suspicious activity and engage in any other activity covered by the BSA.

e. Assist management in training employees to be aware of their responsibilities under the BSA regulations.

2. Assumes responsibility for establishing and maintaining effective communication and coordination with area personnel and management.

a. Assist area personnel as needed.

b. Keep Management informed of area activities and of any significant problems.

c. Complete and submit required reports, records, and related documents.

d. Attend meetings as required.

3. Assumes responsibility for ensuring that professional business relationships are established and maintained with regulatory agencies, auditors, appraisers, and business associates.

a. Maintain the Credit Union’s professional reputation.

b. Resolve complaints, questions, and problems promptly. Provides assistance as needed.

c. Represent the Credit Union in contacts with business and trade associations and otherwise promotes the Credit Union’s image.

a. Participate in community organization’s events as a representative of CASE Credit Union.

b. Present new products and services to community organization’s clients.

c. Advocate to community partners the benefits of CASE Credit Union’s products and services that will assist their clients become banked.

QUALIFICATIONS

Education/Certification: College courses in Business Administration, Accounting, Finance, or related field preferred.

Required Knowledge: Knowledge of credit union processes. Knowledge of applicable federal and state financial regulations

Experience Required: One to two years of credit union experience preferred.

Skills/Abilities:

• Solid analytical and problem solving skills
• Attentive to detail and observant
• Strong communication skills
• Effective public relations abilities
• Creative and able to develop innovative solutions
• Time management skills
• Ability to meet deadlines

CASE Credit Union was chartered on February 19, 1936, to serve Lansing area teachers and administrators as Lansing Teachers Credit Union. From operating within Lansing High School with 180 members, today, over 85 years later, we serve a membership of over 45,000 members and operate five branches throughout the Greater Lansing area, while controlling over $384 million in assets. We pride ourselves on living our mission of assisting members and employees to achieve financial success through service that is superior, convenient, and easy to use. CASE is a Community Development Credit Union (CDCU). A CDCU is a credit union with a mission of serving low and moderate-income people and communities.

CASE prides itself on having a culture focused on diversity and inclusion, reflected in having received the 2020 Lansing Area Economic Partnership (LEAP) Diversity award. Additionally, at CASE Credit Union, we’re committed to hiring the best and brightest. Just as we are dedicated to helping our members achieve success, we are dedicated to helping our employees grow and thrive. That’s why we are proud to offer a team-oriented working environment, with competitive salaries and benefits, and countless opportunities for growth and advancement. CASE Credit Union offers affordable medical, dental, and vision and provides disability insurance and life insurance to our employees at no cost to them. We also provide tuition reimbursement for those who desire to continue their education while working with us. Come work with CASE Credit Union and experience exciting career opportunities in the financial industry.