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.