Bank Secrecy Act (BSA) Specialist

Redwood Credit Union is seeking a detail-oriented and analytical professional to join our team as a Bank Secrecy Act (BSA) Specialist. This role is responsible for ensuring compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and related regulatory requirements.

Key Responsibilities

o Review daily transaction reports and prepare Currency Transaction Reports (CTRs) in accordance with BSA requirements and regulatory deadlines.

o Investigate and document BSA alerts, including the preparation and filing of Suspicious Activity Reports (SARs) when necessary.

o Analyze member and transactional data to detect suspicious activity, identify patterns, and determine appropriate actions.

o Conduct enhanced due diligence (EDD) on high-risk members and applications, providing recommendations for approval or denial based on AML risk.

o Respond to internal escalations and watch list alerts (e.g., OFAC, SDN), ensuring timely and accurate resolution and documentation.

o Stay informed on evolving BSA/AML regulations and recommend process improvements to enhance compliance and operational efficiency.

Join us and discover why you'll love working at Redwood Credit Union!

ABOUT REDWOOD CREDIT UNION (RCU):

At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.

As a not-for-profit financial institution, we are committed to a people-first approach, which is reflected not only in how we serve our Members, but also in how we treat our employees. Our leadership team is deeply focused on fostering a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and ensuring financial well-being for all. 

Why work for Redwood Credit Union?

•  29th largest credit union in the U.S. and the largest financial institution based in the North Bay

•   Awarded a 5-Star Rating based on 6/30/24 financial data by Bauer Financial

• Recognized by Newsweek as one of "America's Greatest Midsize Workplaces 2025"

•   Recognized by Newsweek as one of "America's Best Credit Unions 2024"

•   Recognized by Forbes as one of “America’s Best Small Employers 2023" 

•   Voted Best Places to Work in the North Bay 20 years in a row

•   World-class Employee Engagement scores

•   Rated Superior in Service by more than 90% of Members, surveyed by SF Gate

•   Industry leading Net Promoter Scores across the U.S.                                                    

• Excellent analytical, evaluation, and interpersonal skills.

• Strong verbal and written communication skills.

• Solid understanding of banking and fraud threats posed by Money Laundering activities.

• Working knowledge of State and Federal laws and regulations pertaining to financial institutions (i.e., BSA, AML, OFAC, USA Patriot Act).

• Ability to operate a PC with proficient use of word processing, spreadsheet, fraud identification and AML software.

• Ability to organize workflow efficiently, self-direct personal training needs and utilize available resources.

• Ability to perform financial analysis, draw logical conclusions and make recommendations when needed.

• Ability to communicate complex ideas effectively, both verbally and in writing.

• Ability to act independently and confidentially, using discretion, and tact.

• Ability to distinguish and manage confidential information, materials, and conversations.

• Ability to establish and maintain effective working relationships in a diverse environment, including working with team members from other departments.

• Ability to effectively work with department team members and management.

The ideal candidate has a combination of education and experience equivalent to a high school diploma with a minimum of three years of experience in BSA/AML or in depository financial institutions.

Compensation: Base starting range: $29.00 to $39.00 hourly commensurate with experience.

Our base salary starting range is based on scope and responsibilities of the position, candidate's work experience, education/training, key skills, and internal peer equity. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.

Redwood Credit Union offers a robust benefits package to our eligible employees including:

•  Competitive medical, dental, and vision insurance, mental health offerings

•  Employee performance incentive plan

• Salary Advancement– Merit increase based on performance

• 401(k) program with employer match

• Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!

RCU Discounts and Perks:

• RCU employees are eligible for a .75% discount off RCU standard collateral auto loans

• RCU employees are eligible for a 1% discount on all recreational or boat loan products

• 2% discount off Visas and LOC Loans through RCU

• 0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.

• 0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.

• 0% interest on garment, fitness, or home office equipment loan of up to $500

• 100% financing for employee purchased homes!

Physical Requirements:

• Ability to stand, bend, stoop, sit, walk, twist, and turn.

• Ability to lift up to 20 pounds.

• Ability to use a computer keyboard and calculator.

• Work environment is indoors; majority of the time is spent sitting at a desk.

*Redwood Credit Union is not offering Visa transfers and/or sponsorships for this position. 

Internal Team Members: If you are a current Team Member, please apply through the internal careers page located in RCUNET. 

                                                  We are an Equal Opportunity Employer