Compliance Analyst I

Overview

To research, analyze, interpret, recommend, and enforce Navy Federal policies and practices that ensure compliance with relevant local, state, federal and other regulatory requirements, and case law. Experience in compliance monitoring and testing activities. Perform risk-based compliance testing for the purpose of independently validating business unit's adherence to applicable laws, regulations, policies and procedures, and identifying control deficiencies and risk implications related to applicable laws and regulations. Pertinent laws and regulations include, but are not limited to, BSA and OFAC regulations, and processes related to CIP, EDD, SARs, and CTRs.

Responsibilities

• Performs targeted compliance testing for compliance requirements as well as Navy Federal policies and procedures by evaluating lines of business processes and controls in accordance with established timelines and compliance testing guidelines.
• Develops and executes test plans, continually validating and improving existing test design while also identifying new opportunities to execute testing in high key risk areas.
• Conducts internal compliance reviews. Advises appropriate managers and supervisors of findings. Recommends corrective actions.
• Employs technical compliance expertise to resolve complex compliance issues.
• Researches, analyzes and interprets regulatory compliance laws.
• Conducts risk assessment, draws conclusions, develops solutions and alternatives, and makes recommendations to management.
• Reviews and analyzes new and existing policies, procedures or other operational materials.
• Maintains compliance documents and regulatory rationale for changes.
• Advises on the implementation of compliance programs across the organization, functional area and/or geographic region.
• Creates and/or participates in the development of compliance education and training.
• Participates in/conducts compliance training sessions.
• Monitors, measures and analyzes effectiveness of compliance programs and education.
• Develops, monitors and administers compliance activities including systems and/or processes for addressing possible violations of the compliance program.
• Participates in internal and external compliance testing and audits.
• Consolidates data and prepares audit information and responses to regulators, internal and external audits as well as management inquiries.
• Consults with management on the enforcement of the compliance program.
• Assists in the management of projects for a department and/or business unit(s).
• Leads portions of projects, projects of smaller impact and/or participates in projects and keeps the project team and its stakeholders informed and manages expectations (includes e-grams, letters, notices, etc.).
• Responds to compliance questions.
• Communicates both internally across divisions & externally with outside agencies & various levels of contacts.
• Develops report models and templates.
• Performs other related duties as assigned.

Qualifications

• Experience assessing compliance issues with experience in implementation and communications.
• Exposure to relevant local, state, federal and other regulatory requirements.
• Demonstrated ability to communicate complex issues clearly and effectively both verbally and in writing.
• Experience using PC applications and internet-based technology to conduct research.
• Some project management experience.
• Ability to perform with a high level of accuracy and safeguard confidential information.
• Analytical and research skills with demonstrated ability to assimilate and interpret laws and data.
• Effective organizational skills with the ability to multi-task, work independently and as a team member, and exercise independent judgment in establishing priorities.

Desired Qualifications

• Specialized knowledge of relevant local, state, federal and other regulatory requirements.
• Extensive compliance analysis experience.
• Advanced/thorough knowledge of compliance issues in the financial services industry.
• Internal Navy Federal project portfolio management (PPM) knowledge.
• Internal credit union knowledge operation/processes and procedures.
• Certification in related area of compliance certification.
• Bachelor's degree in business or public administration, management, operations analysis, legal studies, or related field or equivalent work experience.

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

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