BSA Compliance & Risk Analyst

Basic Function

The BSA Compliance & Risk Analyst plays a critical role in ensuring WEOKIE’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Countering the Financing of Terrorism (CFT) regulations. This position supports risk mitigation efforts, monitors suspicious activity, and assists in investigations to protect the credit union from financial crimes and regulatory violations.

Title: BSA and Risk Remediation Analyst

The BSA Compliance & Risk Analyst plays a critical role in ensuring WEOKIE’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Countering the Financing of Terrorism (CFT) regulations. This position supports risk mitigation efforts, monitors suspicious activity, and assists in investigations to protect the credit union from financial crimes and regulatory violations.

• Monitor and analyze Suspicious Activity Reports (SARs), Customer Due Diligence (CDD) data, and other relevant information to identify potential money laundering or terrorist financing activity.
• Assist in resolving day-to-day compliance questions from internal departments.
• Research and investigate red flags, returned checks, and potential fraud cases.
• Maintain accurate and up-to-date records of all BSA/AML/CFT compliance activities.
• Stay informed on regulatory changes and industry best practices.
• Support employees in resolving member account issues and reporting financial exploitation of vulnerable members.
• Collaborate on ad hoc Enterprise Risk Management and compliance projects.
• Ensure compliance technology and systems are well understood and documented.
• Complete testing, assessments, and reporting activities accurately and on time.
• Foster a culture of compliance and continuous improvement across the organization.
• Assist in other ad hoc Enterprise Risk Management activities as needed.

• Ensure timely and accurate execution of Compliance & Risk Management activities, including monitoring, testing, assessments, investigations, and reporting.
• File Suspicious Activity Reports (SARs) within regulatory deadlines and maintain accurate, complete documentation of compliance activities, reports, and case records.
• Maintain a strong understanding of compliance technology and systems, ensuring they are effectively utilized and documented to support Compliance & Risk Management processes.
• Identify, assess, and mitigate potential risks, including suspicious activity, fraud, and regulatory compliance concerns, to reduce incidents and protect the credit union.
• Achieve positive results in internal and external regulatory audits through adherence to policies, procedures, operational controls, and regulatory requirements.
• Demonstrate professional communication and collaboration with Compliance & Risk Management team members and organizational stakeholders.
• Promote and support a culture of compliance, risk awareness, and continuous improvement across WEOKIE.
• Maintain high standards of quality, accuracy, and efficiency, ensuring activities are generally error-free and completed according to established procedures.
• Respond to compliance inquiries and resolve issues within established time frames, supporting employees and protecting members.
• Complete all required compliance, regulatory, and risk management training within established deadlines.

• Specialized or Technical Knowledge and
  
  Skills:
  
  The Risk Analyst must have a thorough knowledge of WEOKIE products, policies, operations, and procedures as each relates to Risk Management. The following is also required:
• High School Diploma or its equivalent required.
• 1-3 years of experience is preferred.
• Previous knowledge of BSA/AML/CFT regulations, Regulation E, and Governance Risk and Compliance (GRC) platforms preferred.
• Previous experience in credit union/bank/financial institution environments preferred.
• Experience in Microsoft Office (Word, Excel, PowerPoint, etc.).
• Excellent analytical, critical thinking, diagnostic, and troubleshooting skills.
• Ability to monitor and prioritize multiple activities.
• Ability to communicate with employees at all levels of the organization.
• Strong interpersonal, verbal,…