Compliance Officer – Risk And Compliance Department

Summary

The Compliance Officer is responsible for delivering robust research to support policy decisions within the Credit Union, as well as reviewing, developing, and implementing internal policies in line with regulatory requirements.

Responsibilities

• • Review and assess laws and regulations which may impact of the Credit Union and make recommendations for action to the Senior Risk and Compliance Officer and/or Risk and Compliance Manager.
• • Review, develop, and implement internal policies in line with regulatory requirements.
• • Review and analyse departmental and management reports and conduct post implementation analysis to assess the effectiveness of policies.
• • Conduct assessments and background research to for policy development and help to determine how the Credit Union should respond to emerging issues and regulations.
• • Conduct statistical analyses using available software tools.
• • Draft presentations summarizing policy issues and research conducted and assist in the preparation of written reports for internal and external stakeholders.
• • Provide advice on the Credit Union’s compliance with laws and regulations through detailed reports.
• • Manage the development of a system for identifying and tracking timely policy issues within the organization.
• • Be a point of contact on legislative, regulatory and policy issues within the Credit Union.
• • Keep up to date with developments in legislation, best practice, competitor activity and relevant new initiatives in the financial sector.
• • Work closely with other teams within the organization and key external stakeholders to develop integrated influencing activities.
• • Create and manage effective action plans in response to audit discoveries and compliance violations.
• • Ensure all employees are educated on the latest regulations and processes.
• • Assist in developing and implementing an annual compliance plan including systems and controls to ensure the Credit Union complies with statutory and regulatory requirements and guidance.
• • Review all critical requirements ensuring compliance to statutory and internal requirements.
• • Performs regular compliance testing to ensure the effectiveness of implemented compliance controls, utilizing all designated laws and regulations applicable.
• • Investigate, report and ensure compliance of staff with all Policies, Procedures, Rules, Regulations and Reporting Requirements governing the Credit Union.
• • Assist in the analysis of regulatory compliance risks and the development of control recommendations.
• • Work with Internal Audit Department to ensure a high standard of legal and regulatory compliance for the Credit Union and to ensure cooperation with outside regulators on consumer compliance regulatory examinations.
• • Maintain effective communication with all Credit Union employees to ensure coordination and exchange of information for accomplishing Credit Union goals.
• • Conduct compliance reviews in accordance with established standards and practices. Determine and establish standards and practices if they do not exist currently.
• • Perform other related duties assigned from time to time.

Required Skills

• • Ability to read and interpret technical journals, financial reports, legal documents, laws and regulations.
• • Excellent interpersonal and human relations skills.
• • Ability to communicate effectively both orally and in writing.
• • Strong analytical, research and problem-solving skills.
• • An interest in policy and bringing about change
• • Excellent customer service skills.
• • Excellent time management skills.
• • Ability to pay keen attention to detail.

Qualifications

• • Undergraduate degree in an appropriate discipline (Banking and Finance, Law, Economics/Business related) or equivalent from an accredited training institution.
• • Specialized training in areas such as POCA, KYC, AML, FATCA, etc.
• • Two (2) years’ experience in a similar position or related field

Additional Information and Instructions

Qualified candidates are invited to submit a cover letter and résumé by April 30, 2025 to: 📧 recruitment@infiniticuja.com We thank all applicants for their interest; however, only shortlisted candidates will be contacted.

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