Risk Management Analyst

Westmark Credit Union • Idaho Falls, ID

11h

About The Position

Position Summary: The Enterprise Risk & Compliance Specialist supports the VP of Enterprise Risk Management in maintaining regulatory compliance, monitoring account activity, and identifying potential fraud risks. This role is responsible for reviewing alerts, researching irregular member activity, and ensuring accurate recordkeeping in alignment with applicable laws and organizational policies.
This position requires strong organizational skills, attention to detail, and a proactive, solution-oriented approach to support operational soundness and risk mitigation efforts.

Requirements

• High School Diploma or equivalent required. One to three years of experience in banking, compliance, fraud prevention, or a related field preferred.
• Working knowledge of organizational policies and procedures, particularly in compliance and risk management
• Strong verbal and written communication skills, with the ability to effectively resolve issues and build positive working relationships.
• Proficiency in Microsoft Office Suite, especially Excel, including the ability to create and analyze spreadsheets, reports, and summaries.
• Strong technical aptitude with the ability to learn and navigate multiple systems.
• Ability to handle sensitive and confidential information with discretion.
• Willingness to participate in community involvement activities.
• Organizational Skills: Effectively manages multiple priorities and meets deadlines.
• Attention to Detail: Ensures accuracy and thoroughness in all tasks and reporting.
• Proactive Problem-Solving: Takes initiative and applies a solution-oriented mindset.
• Collaboration: Works effectively across departments to achieve shared goals
• Professionalism: Maintains a positive attitude and represents the organization with integrity
• Prolonged periods of sitting and working on a computer.
• Frequent use of hands and fingers for typing and data entry.
• Visual and auditory ability to communicate effectively.
• Occasional lifting and carrying of up to 15 pounds, as needed.

Responsibilities

• Provide administrative and operational support to the VP of Enterprise Risk Management, ensuring assignments are completed accurately and within established timelines.
• Monitor and report on compliance-related activities, including:
• OFAC and IRS reporting
• Large Currency Transaction reviews
• BSA CTR and 314(a) reviews
• Compile, review, and maintain reports to ensure accuracy and support operational integrity.
• Review file maintenance reports related to share and loan changes to identify discrepancies or risks.
• Monitor inactive-to-active account activity and investigate for potential fraud.
• Assist with escheatment processes in compliance with applicable state laws.
• Monitor and investigate alerts generated by risk and fraud detection systems (e.g., Verafin, BioCatch), including:
• Fraud-related activity (account takeover, ACH/check fraud, elder abuse, unusual transactions)
• Compliance-related activity (structuring, BSA/AML alerts, unusual activity, money service business monitoring)
• Behavioral and digital risk indicators (fast travel, high-risk MFA activity, unusual transfers, RAT tracking)
• Collaborate with internal teams to resolve issues, escalate concerns, and support risk mitigation strategies.
• Perform additional duties as assigned to support the Enterprise Risk Management function.

Benefits

• Paid Time Off (3 to 5 weeks per year, depending on tenure) PLUS 11 paid holidays.
• Excellent health insurance options for employees and family with shared premiums
• 401k with 75% company match and 2% profit sharing contribution
• Tuition Reimbursement and Scholarships
• Employee Assistance Program (Free counseling and legal services)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 11-50 employees