Compliance Risk Analyst, Hauppauge

divh2Compliance Risk Analyst/h2pThe Compliance Risk Analyst is responsible for the compliance of BSA, Anti-Money Laundering (AML), US Patriot Act, OFAC, and compliance with other regulatory requirements, as well as identifying, assessing, monitoring, and reporting compliance risks within the credit union.
This role ensures adherence to applicable laws, regulations, and internal policies while supporting a strong culture of compliance and ethical conduct.
The analyst works cross-functionally to evaluate controls, recommend improvements, and mitigate regulatory and operational risks.
/ph3Essential Duties And Responsibilities:/h3olliMaintaining the BSA program- Filing CTR and SARs/liliAnalyze AML Reports, Suspicious Activity Reports in relation to the BSA Program/liliPerform BSA Risk Assessments periodically/liliOversee and manage all aspects of OFAC 314
(a) monitoring.
/liliParticipates in 314
(b) information sharing/liliMonitor completion of CDD, SIP, KYC performed by the front-line personnel.
/liliMonitors BSA/OFAC/New Accounts alerts utilizing various internal reports and Verafin AML/BSA/ Fraud detection software/liliEnsure enterprise-wide compliance with regulations, established standards, policies, and procedures/liliMake corrective action recommendations to the AVP, Risk Management to remedy compliance violations or deficiencies/liliUpdates the BSA/AML OFAC policies, procedures, and risk assessments when applicable/liliPerforms various quality control reviews and monitors all areas concerning BSA/liliAssist with compliance audits and regulatory examinations/liliManage lists of accounts identified by the Credit Union as high risk through Verafin/liliAssist Internal Auditor with BSA compliance training to board, volunteers and executives/liliAssist in Procedural Updates and Creation for Frontline Operations when necessary/liliAssist with fraud research and act as backup to Senior Fraud Analyst/liliWork with Department Heads to assist with responses for external audits/exams/liliUnderstand credit union financial rules and regulations, including the ability to apply relevant risk review procedures in the functional area/liliEnsure SAR supporting work papers are accurate, concise, well-organized, properly cross-referenced, support conclusions, and are maintained/liliAccurately and concisely, document preliminary findings and recommendations/liliCollaborate with law enforcement and other financial institutions when researching and resolving suspicious activity/liliPerforms other duties as assigned/li/olpstrongRequirements:/strong/pulliAssociates degree/Specialized certification or a combination of education and experience/lili3-5 years of compliance, risk management, audit, or a related function within financial services (credit union or banking preferred).
/liliCredit Union Compliance Officer (CUCO), preferred or obtained within two years/liliCertified Bank Secrecy Act Professional (CBSAP), preferred or obtained within two years/li/ulpstrongCompetencies:/strong/pulliStrong understanding of financial regulations and compliance frameworks.
/liliAnalytical mindset with the ability to assess complex risk scenarios.
/liliExcellent written and oral communication skills/liliExcellent organizational skills/liliAbility to prioritize, pay close attention to detail, and coordinate various activities simultaneously.
/liliAbility to communicate with co-workers, management, and business contacts in a courteous and professional manner.
/liliAbility to maintain strict confidentiality/liliAbility to work independent of supervision/li/ul/div