Bank Secrecy Act (BSA) Specialist
Napa, California
Enterprise Risk – Compliance /
Full-Time /
On-site
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.
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
