Role: Bank Secrecy Act (BSA) Analyst

Why Westerra?

Here at Westerra Credit Union, every employee counts. Our teams are made up of high-performing individuals committed to being HONORABLE, INVENTIVE, and CURIOUS – qualities that make us GREAT! Each person brings their authentic self to work every day, and we want you to feel comfortable being YOU.

All of our team members work towards a shared purpose: to teach one another to prosper. We strive to be a modern financial community where we all truly belong, both for our employees and the members we serve. We look forward to seeing how you will contribute to this purpose by positively impacting our members’ lives through personal attention, financial education, community engagement, and more. This is true for every role, as we believe that we are all member-facing.

Founded by schoolteachers in 1934, we are a learning organization at our core. We embed a growth mindset in our employees, ensuring that we all prosper together! If you’re ready to make an impact and join a community where you can grow, belong, and thrive, we encourage you to apply today and help shape the future of Westerra!

What is the role?

The BSA Analyst ensures compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) activity including Suspicious Activity Reporting (SAR), Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC), subpoena response and the U.S. Patriot Act requirements by investigating, analyzing and decisioning BSA-related cases, reports and alerts. Responsibilities include but are not limited to reviewing and investigation alerts; identifying suspicious activity; interpreting the Credit Union’s policy and procedures pertaining to BSA compliance; keeping up to date on regulations and ensuring timely reporting of suspected activity.

What will be expected of me?

• Performs daily review, monitoring, and analysis of various reports, logs and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loan payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
• Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
• Assists in the compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.
• Investigate referrals of potential suspicious account activity to determine and recommend appropriate resolution (e.g. completion of a SAR, exit relationship or continued monitoring). Analyze and decision BSA-related exceptions (e.g. CIP discrepancies, OFAC list matching, Transaction Monitoring Alerts).
• Conduct all report submissions within the timeliness and guidelines per regulatory requirements.
• Utilize internal and external applications to assist in the investigation and research of all BSA exceptions; proactively work to resolve existing BSA exceptions in a timely manner. 
• Assist External Auditors/Examiners as assigned as it related to BSA/AML.
• Maintain professional and technical knowledge regarding auditing rules, regulations, best practices, tools, techniques and performance standards.
• Comply with the Bank Secrecy Act (BSA) and other compliance requests and requirements.
• Other duties as assigned.

Will I have Direct Reports? No

What am I bringing?

Experience/Education:

• 2+ years of experience in a BSA/AML risk-focused role involving compliance monitoring, investigations, or analysis beyond basic transaction reporting duties.
• Associate’s degree or equivalent related experience in retail banking, compliance, fraud, audit or operations required.
• Knowledge of Bank Secrecy Act, USA PATRIOT Act, OFAC regulations required.
• Knowledge of financial products and services preferred.
• Experience with SAR/CTR Filings with FinCEN preferred.
• Financial crime investigation experience preferred.

Skills and Abilities:

• Demonstrated ability to research and strong analytical skills; ability to identify patterns, trends and potentially suspicious or questionable activity.
• Strong consultative and collaboration skills.
• Strong analytical and problem solving skills.
• Attention to detail and excellent organizational skills,
• Ability to multi-task effectively in a fast paced environment.
• High responsiveness and flexibility to changing business priorities and tight deadlines.
• Ability to maintain confidences and excellent verbal, written and interpersonal skills.
• Proficient in MS Office.
• Can be accountable for the completion of assigned tasks and projects with supervision
• Uses judgement with supervision
• Understands the basic business line and operating environment
• Able to handle problems that are not particularly difficult nor complex

What is the work environment like, and are there physical requirements for this role?

• Hybrid: Typically, a dispersed, flexible team environment both on Westerra campus (2x/week) and remote. Employees must reside in Colorado or be willing to relocate prior to starting employment. Residency is required for payroll and state tax purposes.
• Office environment
• Works primarily at a desk

Salary: in addition to the starting hourly rate of $21.72 - $27, this role is also eligible for Westerra’s self-funding reward plan. This plan pays out a cash incentive annually if Westerra hits specific criteria tied to financial goals and this role has a direct impact on the outcome of those results!

What are some of our benefit offerings?

• Three health plans through UMR that offer a variety of coverage options, including HSA and FSA options
• Two dental plans through Delta Dental
• Basic life and AD&D insurance, short-term disability and long-term disability
• 20+ days of paid time off (PTO) per year
• Anniversary time off that consists of 1+ days of paid leave for each anniversary year (PLAY)
• 16 hours of volunteer time off (VTO) per year
• 11+ paid holidays
• 401(k) that includes up to 6% match
• Up to $5250 per year for educational reimbursement
• 4 weeks of paid parental leave
• Mental health resources including an Employee Assistance Program (EAP)
• Individualized learning and development programs 

Please note, applications will be accepted until at least July 16, 2025.