Regulatory Compliance Analyst – Banking

This is a fully remote position, open to applicants in Maryland.

📋 Description

• Stay informed about laws and regulations impacting the Credit Union and assess their implications.

• Investigate and address requests for compliance assistance from departments.

• Act as a compliance resource in corporate and departmental projects.

• Develop and update forms, disclosures, policies, procedures, marketing materials, and related content to ensure regulatory compliance.

• Research and draft replies to member complaints.

• Utilize a compliance management system to convey and monitor regulatory updates.

• Serve as the NMLS Administrator for SAFE Act Compliance.

• Perform compliance testing and analysis, providing summarized reports.

• Create and amend operational procedures.

• Formulate business cases and spearhead projects that implement new or revised regulatory requirements.

• Oversee a comprehensive training program for regulatory compliance.

• Review forms, disclosures, policies, procedures, marketing materials, and operational policies prior to release.

• Research and assess federal and state laws, regulations, and regulatory guidance.

• Engage in compliance-related risk assessments and risk evaluations for new or changing business opportunities.

• Compile reports through the collection, analysis, and summarization of information.

• Assist in maintaining the record retention program.

• Liaise with external legal and compliance professionals.

• Draft regulatory comment letters.

• Conduct compliance risk assessments and analyses, reporting findings to management.

• Monitor the remediation of compliance-related issues.

• Manage complaint coordination, analyze trends, and report to management.

• Evaluate legal requests, escalate to legal counsel as needed, and coordinate responses.

• Support the Compliance Committee and provide management reports.

• Serve as a backup for the Compliance Operations Program Manager when required.

⛳️ Requirements

• A solid understanding of federal laws and regulations affecting financial institutions is essential.

• Level I: A minimum of two years of progressively responsible experience in a financial institution with regulatory compliance duties.

• Level II: A minimum of four years of progressively responsible experience in a financial institution with regulatory compliance duties.

• Level III: A minimum of six years of progressively responsible experience in a financial institution, including at least three years specifically focused on regulatory compliance.

• A Bachelor’s degree from an accredited college in a relevant field is preferred.

• Level II: Regulatory compliance certification is preferred.

• Level III: Experience in Compliance Testing is preferred.

• Level III: Regulatory compliance certification is preferred.

• Ability to handle multiple deadlines in a dynamic and fast-paced environment.

• Highly self-motivated and capable of working independently.

• Quick to absorb new ideas and concepts.

• Exceptional analytical and problem-solving skills.

• Strong organizational and time management abilities.

• Capacity to prioritize and accurately perform tasks in a high-pressure environment.

• Ability to communicate ideas in business-friendly and user-friendly terms.

• Strong customer service orientation.

• Excellent written, verbal, interpersonal, and presentation skills.

🏝️ Benefits

• Comprehensive healthcare coverage.

• Health insurance with options for two nationwide PPO plans.

• High Deductible Plan with 100% employer contribution toward premium; compatible with HSA and FSA.

• Low Deductible Plan with employer contribution toward premium; FSA compatible.

• Dental insurance with employer contribution toward premium.

• Vision insurance with employer contribution toward premium.

• Long-term disability insurance.

• Flexible Spending Medical Account (FSA).

• Flexible Spending Dependent Care Account.

• Health Savings Account (HSA).

• Voluntary supplemental life insurance.

• Voluntary dependent life insurance.

• Voluntary short-term disability insurance.

• 401(k) plan with employer match up to 6% and immediate 100% vesting.

• Gain Sharing Bonus (eligibility rules apply).

• Life Insurance/AD&D coverage.

• Vacation Leave.

• Sick and Safe Leave.

• 11 Paid Holidays.

• Education Assistance.

• Employee Referral Bonus.

• Eligibility for Credit Union Membership.

• Employee Assistance Program.

• Identity Theft Protection.

• Pet Health Insurance.

• Employee Discount Program.

• Remote work options available for applicable positions.

• Insurance coverage begins on the 1st day of the month following 30 days after the hire date.