Corporate Compliance - BSA CDD EDD Investigator I

Golden1; Sacramento (CA); On-site; USD 60,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented BSA CDD/EDD Investigator I to join their Corporate Compliance team. In this pivotal role, you will analyze member accounts and activities to ensure compliance with anti-money laundering regulations. Your expertise in conducting due diligence will help identify high-risk members and ensure adherence to regulatory standards. This position offers an exciting opportunity to contribute to the integrity of financial operations while working in a supportive environment that values compliance and ethical practices. If you are passionate about compliance and have a keen eye for detail, this role is perfect for you.

Qualifications

• 1-4 years of experience in BSA/AML compliance and financial investigations.
• Strong understanding of federal/state regulations related to credit unions.

Responsibilities

• Conduct CDD/EDD reviews to identify potential suspicious activity.
• Monitor accounts and ensure compliance with BSA policies.

Skills

BSA/AML Compliance

Customer Due Diligence (CDD)

Enhanced Due Diligence (EDD)

Analytical Skills

Communication Skills

Attention to Detail

Education

Associates Degree

Professional Experience in Compliance

Tools

MS Office Suite

Online Banking Systems

Job description

Corporate Compliance - BSA CDD EDD Investigator I

8945 Cal Center Dr, Sacramento, CA 95826, USA Req #6411

Friday, May 2, 2025

JOB TITLE: BSA CDD/EDD Investigator I
DEPARTMENT: Corporate Compliance
STATUS: Non-Exempt
JOB CODE: 10128

PAY SCALE: $30.31 - $32.50 Hourly

GENERAL DESCRIPTION:

In this role, the BSA CDD/EDD Investigator I is responsible for reviewing member accounts and activities to ensure members are identified in accordance with Golden 1’s Customer Identification Program (CIP), member risks are identified, and enhanced due diligence is performed as appropriate. This position conducts the first level of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) preliminary reviews for the purpose of identifying members that pose a greater than normal anti-money laundering risk to Golden1 based on alerts generated through the automated risk scoring system. Specialize in the review of complex and high-risk functions within the department to ensure regulatory compliance with CDD/EDD. The BSA Investigator I is responsible for providing support to the BSA Supervisor in maintaining Compliance with Golden1 Credit Union’s BSA Program and to monitor accounts identified as high risk.

TASKS, DUTIES, FUNCTIONS:

• Analyzes member relationships, documentation, activity patterns, and transactions to detect potential suspicious activity or activities that are inconsistent with the member’s risk profile or anticipated activities. Performs reviews to determine if activity or member behavior is aligned with expectations based on customer due diligence (CDD) performed and follow up account monitoring.
• Monitors and conducts complete CDD/EDD reviews for Higher Risk members in a timely manner consistent with Golden 1’s BSA policy and procedures.
• Perform searches utilizing Internet sources and/or third-party vendors (i.e., Google, Lexis Nexis, and/or CLEAR to determine negative news and obtain due diligence information for prospects and new/existing members).
• Responds to inquiries from business lines on customer identification and due diligence requirements.
• Monitor accounts without proper customer identification and coordinates account closure in accordance with the Credit Union’s policy.
• Coordinates with business lines on due diligence information collected on members and contacts members, as necessary.
• Escalates matters requiring further investigations to CDD/EDD Supervisor and/or BSA Manager.
• Assists management with requests from internal auditors or examiners as needed.
• Responsible for understanding the Credit Union’s products, services, members, entities, and geographic locations to conduct investigations of client accounts for potential suspicious behavior.
• Assists in ensuring complete compliance with the Bank Secrecy Act, OFAC, and AML related regulations.
• Remains updated on all regulatory changes and court rulings as they relate to BSA, OFAC, AML, KYC, and consumer compliance regulations.
• Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.

PHYSICAL SKILLS, ABILITIES, AND EXERTION UTILIZED IN THE PERFORMANCE OF THESE TASKS:

• Effective oral and written communication skills required to assist other staff, constructively follow-up on member inquiries, communicate clearly with management, and perform other related tasks.
• Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine, and telephone.

ORGANIZATIONAL CONTACTS & RELATIONSHIPS:

• INTERNAL: All business units and departments as needed.
• EXTERNAL: Federal, state, and local law enforcement, vendors and business partners, and industry peers as needed.

QUALIFICATIONS:

• EDUCATION: At a minimum Associates degree or combination of professional experience and education.
• EXPERIENCE: 1 – 4 years of BSA/AML. CDD and EDD experience, conducting and managing financial investigations and/or research such as in credit union operations, security, compliance, and legal areas including criminal and/or civil litigation, researching, comprehensive reporting & documentation; or law enforcement and fraud experience.
• KNOWLEDGE/SKILLS:
• Written and verbal communication skills, along with strong interpersonal skills o effectively communicate with internal and external stakeholders.
• Knowledge of Credit Union products, services, policies & procedures.
• Operating knowledge of AML/BSA, OFAC and Federal/State Regulations.
• Good organizational and analytical skills.
• Strong attention to detail in working and investigating files with emphasis on deadlines.
• Strong PC skills – Windows and MS Office Suite.
• Knowledge to operate electronic banking equipment.
• Must be self-motivated and capable of exercising sound judgement, working both independently as well as in a team environment.

PHYSICAL REQUIREMENTS:

• Must reside within 50 miles of the headquarters location.
• Prolonged sitting throughout the workday with occasional mobility required.
• Corrected vision within the normal range.
• Hearing within normal range. A device to enhance hearing will be provided if needed.
• Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc.

LICENSES/CERTIFICATIONS:

Preferred – At least one of the following certifications: Certified Anti-Money Laundering Specialist (CAMS), Professional Certified Investigator (PCI), Certified Fraud Investigator (CFI), Certified Financial Crimes Investigator (CFCI), or Certified Fraud Examiner (CFE). Otherwise, must be obtained within the first three years of hire.