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Bank Secrecy Act (BSA) Specialist

Bank Secrecy Act (BSA) Specialist

Redwood Credit UnionNapa, CA, US
30+ days ago
Job type
  • Full-time
Job description

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

  • Review daily transaction reports and prepare Currency Transaction Reports (CTRs) in accordance with BSA requirements and regulatory deadlines.
  • Investigate and document BSA alerts, including the preparation and filing of Suspicious Activity Reports (SARs) when necessary.
  • Analyze member and transactional data to detect suspicious activity, identify patterns, and determine appropriate actions.
  • Conduct enhanced due diligence (EDD) on high-risk members and applications, providing recommendations for approval or denial based on AML risk.
  • Respond to internal escalations and watch list alerts (e.g., OFAC, SDN), ensuring timely and accurate resolution and documentation.
  • Stay informed on evolving BSA / AML regulations and recommend process improvements to enhance compliance and operational efficiency.

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.

    • Minimum Qualification : Knowledge, Skills and Abilities

  • 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

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