Compliance Officer at COPFCU – Cincinnati, Ohio

The Cincinnati Ohio Police Federal Credit Union is a cooperative, not-for-profit financial institution that is 100% owned by its customers (or members). The credit union was started on June 27, 1935, during the Great Depression to serve Cincinnati Police Officers and their families. Today, we serve more than 10,000 public servants and family members. Our membership has grown to include public school employees, firefighters, government employees, special service groups as well as police. Many things have changed since we opened our doors in 1935, but our focus remains the same: great financial products and services priced right with friendly service.

Description of Position:

This position will review credit union policies and procedures to ensure compliance with all related laws and regulations applicable to the credit union. Recommend policy changes to senior management and/or the Board of Directors that will facilitate the credit union’s compliance program, reduce risk, and reflect changes in regulations. Oversee the Bank Secrecy Act program. Perform Internal Audit functions.

On an ongoing basis, review laws and regulations impacting the credit union’s compliance requirements, with emphasis on Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/OFAC

Coordinate and oversee an effective BSA/AML/OFAC Compliance Program that is in compliance with current industry best practices, regulatory guidance and requirements.

Administer BSA/AML/OFAC related training programs for directors, management and employees and provide BSA guidance and coaching to employees.

Perform daily reviews, monitoring and analysis of various reports, logs and transaction data to identify trends, unusual activity and monitor large current activity. Determine if transactions are suspicious in nature. Filing Currency Transaction Reports (CTRs) and conducting Suspicious Activity Report (SAR) investigations, filing SARs when applicable.

Ensure compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.

Evaluate the credit union’s policies, procedures, products, and programs to ensure compliance with applicable laws and regulations. Make recommendations for change where appropriate.

Disseminate information, answer questions and be a subject matter expert for the credit union on all compliance‐related issues.

Assess risk potential of current procedures and recommend new procedures that minimize loss exposure.

Ensure any change in policy or procedure is communicated, with clarity, to impacted departments and the credit union; as a whole. Follow up to ensure new procedures are understood and implemented.

Develop or assist in the development of compliance training programs.

Assist examiners and auditors with their examinations, making available the information necessary to complete their examinations.

Review examination and audit reports stating findings of the audit and report to upper management.

Develop and ensure implementation of record retention policies and procedures in accordance with regulations and laws.

Implement and monitor procedures to comply with credit union policies and governmental rules and regulations. Work with other department heads to maintain consistency in credit union policies and procedures. Develop and apply new policies and procedures for branch operations.

Ensure the security and safety of each branch.

Maintain best practices and oversight of credit union vendor management program.

Serve as the internal auditor, providing quality assurance on loan and account production, coordinate a compliance audit and present a summary report to management and supervisory committee.

Develop, perform, and oversee various “spot check” internal audit procedures, i.e., cash counts, teller drawer audits, review of employee accounts, loan documentation, wire transfers, etc. Review random sampling of all new loans for exceptions to policies and procedures.

Coordinate and conduct investigations of suspected and/or actual internal and external fraud.

Qualifications and Requirements:

A bachelor’s in business administration or related field preferred.

Strong multi-tasking and problem-solving capabilities with attention to detail.

Must be proficient in using business and communications software (preferably Word, Excel, PowerPoint, common Windows operating systems and Outlook).

A minimum of five (5) years of banking/credit union experience.

Demonstrated management and organizational skills. Excellent interpersonal communication skills.

Excellent communication, customer service and lending skills