BSA and Fraud Manager

Job Summary

The BSA and Fraud Risk Manager is responsible for daily management of the Bank’s BSA, AML, OFAC, CIP, and fraud risk management programs in alignment with regulatory requirements and industry best practices.

The role manages the Bank’s transaction monitoring programs designed to detect and respond to suspicious activity reflective of potential fraud, money laundering, human trafficking, elder financial exploitation, and other financial crimes.

Key Responsibilities / Essential Functions


* Manage a team responsible for the timely and accurate filing of CTRs and SARs, CIP, OFAC, and CDD compliance, and the timely processing of AML and fraud alerts.


* Manage the daily administration and monitoring processes conducted by direct reports within the Verafin and FCRM platforms.


* Manage the alert and case management process to ensure risks are promptly identified and resolved.


* Manage processes to ensure case investigation documentation and investigation results are accurate, complete, and properly retained.


* Provide ongoing status updates on the department’s performance to the BSA and Fraud Officer.


* Perform ongoing updates to the AML/CIP/OFAC and fraud risk assessments and present to the BSA Officer for review and finalization.


* Handle escalated sensitive, complex and large financial, compliance or reputational issues.


* Serve as back-up to the BSA and Fraud Officer as needed.


* Perform quality control reviews of work performed by direct reports.


* Provide recommendations to leaders on customer account maintenance or closing, based on established program and alerts.


* Maintain relationships with industry peers, including law enforcement agencies.


* Notify management immediately when the threat of wider scale fraud or significant BSA concerns may exist or have been identified.


* Assist management during regulatory examinations and audits and take action on any findings that may arise from exams or audit.


* Maintain confidentiality and security of sensitive information.


* Adhere to all corporate policies and procedures, Federal and State regulations and laws.


* Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering and other unlawful activities, as well as regulations pertaining to lending and consumer compliance to include fair lending laws.


* Complete all mandatory annual compliance training.


* Perform other duties and special projects as assigned.


* Provide leadership of assigned team, lead efforts in recruitment, interviewing, and training employees, plan, assign, and direct departmental work.


* Coordinate interdepartmental goals to ensure alignment with company goals and vision.


* Coach and provide ongoing performance feedback to employ...