Assistant Manager, Bank Secrecy Act

Company: Redwood Credit Union
Location: Napa
Posted on: May 26, 2023

Job Description:

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!The BSA Assistant Manager is responsible for coordinating and maintaining effective daily operational workflow for the Bank Secrecy Act ("BSA") Specialists, while providing support to Compliance Manager, leadership to team members, and quality service to internal team members and Members.Essential FunctionsRecommend operational changes to increase efficiency of products, Bank Secrecy Act tools, and productivity tracking.Ensure Bank Secrecy Act tools and other systems are compliant with applicable regulations, laws, and policies.Review and submit a comprehensive month end Bank Secrecy Act report.Work with various departments within the Credit Union to ensure BSA tools are working as designed and adjustments are made to correct deficiencies.Develop, motivate, and train all BSA Specialists, monitor productivity, and work to create a career path model.Oversee activities of all BSA specialists. Manage, plan, and authorize overtime and schedule changes as needed to ensure coverage for optimum Member and team member service.Provide excellent service and flexibility when assisting other departments and branches.Responsible for updating and maintaining the BSA Procedures Manual.In absence of the Compliance Manger, make decisions to maintain current operations and Member and team member service.Manage Verafin modules and workflows with a focus on effectiveness and efficiency, without compromising service.Research, develop, test, and implement special projects as assigned.Review and file CTR reports to ensure accuracy and compliance with BSA requirements and regulatory deadlines.Analyze Member and transactional data to identify potentially suspicious activity, exercise solid judgment on examining information, and document suspicious activity, behaviors and/or patterns.Evaluate and adjust scoring of AML software to provide the most value to the BSA Program in accordance with established risk tolerances.Knowledge, Skills, and AbilitiesStrong leadership, organization, and critical thinking skills.Ability to direct and supervise the work of others.Knowledge of BSA and a working understanding of CFPB rules and regulations.Specific knowledge of state and federal laws and regulations pertaining to financial institutions (i.e., BSA, AML, OFAC, USA Patriot Act).Knowledge of Verafin modules, filing of SARs, thresholds, risk perimeters, and maintenance.Education and ExperienceA combination of education and experience equivalent to a bachelor's degree with a minimum of six years' experience in the financial services industry, anti-money laundering, enterprise fraud, or risk management.Compensation: Base starting range is $98,000-$120,000 annually, 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, merit increases, 401(k) program with employer match, generous holiday and PTO policy, and extensive RCU specific perks like 100% financing for employee purchased homes!Mandatory Vaccination Policy: As a condition of employment, new hires must be fully vaccinated against COVID-19 on or before the first day of employment (subject to legally mandated exemptions).Service Trust People CooperationWe are an Equal Opportunity Employer

Keywords: Redwood Credit Union, Napa , Assistant Manager, Bank Secrecy Act, Executive , Napa, California