BSA/AML Specialist I or II

Description

PAY GRADE: 22N, 25N

DEPARTMENT: Risk Management

PAY RANGE: $20.40 - $44.90/hour

The posted range represents the full pay range for this position. Starting pay within the range is based on relevant experience, qualifications, and education.

Experience the difference with Educational Employees Credit Union, the largest credit union in the Central Valley. Known for its outstanding member service, EECU promotes a positive work environment and supports employee well-being with a competitive benefits package, including a 6% employer contribution to 401k. In 2025, EECU received the Gold Award for Best Credit Union and the Silver Award for Best Place to Work in The Fresno Bee's 2025 Best of Central California People’s Choice Awards.

We are looking for a detail oriented and analytical mind who values teamwork, open communication and making a real impact together every single day. If you are that person, we encourage you to apply! In this role, you will be responsible for monitoring, investigating and reporting suspicious financial activities to ensure compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, OFAC, and other regulatory requirements. The ideal candidate possesses excellent communication and interpersonal skills, strong investigative skills, a deep understanding of anti-money laundering regulations, and a commitment to protecting the credit union from financial crime.

Core Responsibilities:

• Transaction Monitoring: Monitor and analyze daily automated alerts, cash transaction reports, and system exceptions to detect potential money laundering, terrorist financing, or fraud.
• Regulatory Filings: Conduct thorough investigations into unusual activity and prepare comprehensive, accurate Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) for timely filing with FinCEN.
• Customer Due Diligence: Perform high-quality Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews on new, existing, and high-risk customer accounts.
• Sanctions Screening: Review and clear potential matches generated during global sanctions and OFAC screening for customers and transactional wire data.
• Information Sharing: Research and respond to 314(a) and 314(b) USA PATRIOT Act inquiries, as well as formal law enforcement subpoenas.
• Recordkeeping: Maintain meticulous, audit-ready documentation of all investigations, rationale for closing alerts, and compliance decisions.
• Staff Support & Training: Conduct training and support front-line and back-office personnel in identifying regulatory red flags, resolving high-risk member situations, and executing procedures in accordance with credit union policies/procedures and regulations.
• System Support: Assist in tuning and testing automated AML monitoring systems and workflows to improve detection accuracy.
• Governance & Oversight: Assist with the risk assessment, data validation for software systems, review accuracy of policy/procedures, and conduct preparations for audits/exams.

Requirements

• High school diploma or equivalent
• Bachelor’s degree in Business Administration, Finance, Criminal Justice, or a related field preferred.
• Candidates being considered for the BSA/AML Specialist I position, must have 2 years of direct AML investigation, fraud investigation, or compliance experience. Experience within a credit union or other financial institution and a basic understanding of BSA/AML regulations preferred.
• Candidates being considered for the BSA/AML Specialist II position, must have an understanding of BSA/AML/OFAC regulations, with 4 years of direct AML investigation, fraud investigation, or compliance experience. Experience within a credit union or other financial institution highly preferred
• CAMS (Certified Anti-Money Laundering Specialist), CAFP (Certified AML and Fraud Professional), or CBSAP (Certified Bank Secrecy Act Professional) designation is highly preferred.
• Strong analytical and research skills, attention to detail, proficiency in Excel and AML monitoring software, and deep knowledge of FinCEN and USA PATRIOT Act regulations. Verafin knowledge preferred.