Redwood Credit Union is a not-for-profit financial institution that believes in people over profits. Our mission is to passionately serve the best interests of our Members, team members, and communities. Sticking to that vision has made us one of the most loved financial partners in the many communities we serve. In fact, RCU is the 8th largest credit union in California—and growing. Due to this growth, we recently completed construction on our new, 8-acre campus in Napa and are ready to welcome more than 500 valued team members!

Since 1950, Redwood Credit Union has been helping people reach their financial goals and dreams with a focus on helping others. That people-first approach holds true for our employees, too. Our work environment is built on service and trust. It's all possible with a leadership team committed to hiring talented people and helping them develop their careers.

If this sounds like a place you’d like to be, we’re eager to meet you!

Redwood Credit Union is looking for a Senior BSA Specialist whose primary objective is to review and assess Member risk, analyze transactional activity, investigate suspicious activity, and prepare regulatory reporting accurately and timely. Additionally, any unusual account behavior which may present increased risk for money laundering, terrorist financing, or other suspicious/illegal activity should be escalated to the Assistant Manager, BSA.

Essential Functions

Department Operations

• Assist management in the development and implementation of strategies to mitigate, track and report risks associated with high-risk Members.

• Conduct in-depth due diligence reviews of complex high-risk Members to assess and mitigate AML risk. Prepare comprehensive reports on these high-risk Members, detailing findings, and recommendations for senior management.

• Gather documents and analyze the risks associated with complex ownership structure, evaluating variables such as source of funds and purpose of the business relationship.

• Act as the subject matter expert for front line staff during Member onboarding to ensure information and documents collected are sufficient to accurately risk rate Members and ensure AML risk informs the decisions to offer higher risk products and services.

• Perform QC reviews of various AML/BSA functions, including but not limited to, Investigations/SARs, AML Alerts, Customer Risk reviews, CTR and watchlist reviews to determine if the review and research were conducted in accordance with quality standards and timeframes set forth within established procedures, policies, and regulatory requirements.

• Act as BSA/AML subject matter expert on projects that impact the collection and analysis of Member and transactional data relevant to BSA/AML risk.

• Work with management to develop and deliver training pertaining to Member due diligence during onboarding process.

• Review BSA alerts and document actions including non-filing and/or preparing Suspicious Activity reports where needed, ensuring accuracy and compliance with BSA requirements and in accordance with regulatory deadlines.

• Suspicious Activity Response – Investigate escalated alerts of potential suspicious activity produced or referred by other areas of the Credit Union and determine appropriate course of action.

• Analyze Member and transactional data to identify potentially suspicious activity, exercise solid judgement on examining information, and document suspicious activity, behaviors and/or patterns.

• Serve as a BSA/AML resource for fraud or other business organizations as it relates to suspicious activities.

The ideal candidate will have advanced working knowledge of Anti-Money Laundering (AML), Bank Secrecy Act (BSA), and Office of Foreign Assets Control (OFAC) regulations with a focus on Enhanced Due Diligence, Suspicious Activity Reporting (SAR), Currency Transaction Reporting (CTR), and Watch List reporting.

Minimum Qualifications: Knowledge, Skills and Abilities

• Excellent verbal and written communication skills.
• Advanced understanding of banking and fraud threats posed by Money Laundering activities.
• Must possess specific 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 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.
• A combination of education and experience equivalent to an associate degree with a minimum of five years’ experience in BSA/AML or in depository financial institutions.

• CAMS certified or relevant experience.

Compensation: Base starting range: $37.00 to $49.00 per hour 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 on garment, fitness, or home office equipment loan of up to $500

- 100% financing for employee purchased homes!

Why work for Redwood Credit Union?

·Local financial institution, providing unparalleled service since 1950

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

·Top 5 Healthiest Credit Union in the USA, rated by Glatt Consulting

·Voted Best Places to Work in the North Bay 18 years in a row

·World-class employee engagement scores

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

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

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