Job Description

Base pay range

$250,000.00/yr - $300,000.00/yr

Responsibilities

• Lead and manage three second line functions providing independent oversight and challenge to first line fraud prevention and financial crimes controls
• Develop and execute comprehensive risk-based strategies for fraud oversight and financial crimes compliance aligned with the bank's risk appetite and regulatory requirements
• Assess the design and operating effectiveness of first line controls across all business lines, channels, and product offerings
• Challenge first line risk-taking activities and escalate concerns regarding control deficiencies, emerging risks, or risk appetite breaches
• Establish and monitor key performance and risk indicators, metrics, and reporting frameworks to provide enterprise-wide visibility into fraud and financial crimes risks

BSA/AML Program Oversight & Management

• Directly manage the designated BSA/AML Officer administratively and provide strategic direction, resources, and support for the bank's BSA/AML compliance program
• Ensure the BSA/AML Officer maintains the authority, independence, and resources required by federal regulations to effectively discharge their responsibilities
• Provide the BSA/AML Officer with unfettered direct access to the Chief Risk Officer, CEO, and Board of Directors/Board committees without requiring escalation through this role
• Protect the BSA/AML Officer's independence to report regulatory concerns, file Suspicious Activity Reports, and elevate issues without interference
• Ensure the BSA/AML program maintains effective controls for customer due diligence, suspicious activity monitoring and reporting, currency transaction reporting, and OFAC sanctions screening
• Oversee the development and annual refresh of the Bank's BSA/AML risk assessment
• Provide senior-level review and strategic guidance on complex or escalated Suspicious Activity Reports while respecting the BSA/AML Officer's ultimate filing authority
• Ensure the BSA/AML program adapts to evolving regulatory expectations, emerging typologies, and changes in the bank's risk profile
• Manage relationships with transaction monitoring system vendors and oversee system optimization and tuning
• Oversee the second line fraud risk management function, providing independent assessment of fraud prevention, detection, and response capabilities across the enterprise
• Evaluate the effectiveness of fraud controls spanning wire, ACH, card, check, digital banking, and emerging payment channels
• Monitor fraud loss trends, velocity, and patterns; challenge first line on control enhancements and risk mitigation strategies
• Assess fraud risk in new products, services, channels, and partnerships before implementation
• Oversee the Bank's fraud risk appetite framework and elevate breaches or concerning trends

Quality Assurance Function

• Lead the independent quality assurance function that performs risk-based quality assurance of both BSA/AML and fraud functions
• Develop annual risk-based QA testing plans covering transaction monitoring alert/case disposition, SARs, CTRs, fraud case management
• Ensure QA findings are appropriately documented, rated, and tracked through remediation
• Validate that corrective actions address root causes and prevent recurrence
• Ensure QA activities support, rather than impede, the BSA/AML Officer's independence and authority

Regulatory Compliance & Examinations

• Maintain current knowledge of evolving BSA/AML regulations, fraud-related guidance, and regulatory expectations from FinCEN, OCC, FDIC, Federal Reserve, and other applicable agencies
• Serve as senior liaison with regulators during examinations related to fraud and financial crimes, coordinating responses and managing examination logistics in partnership with the BSA/AML Officer
• Oversee timely and accurate regulatory reporting and filings through the BSA/AML Officer

Governance & Risk Reporting

• Chair or participate in governance committees related to fraud risk and financial crimes
• Provide regular risk reporting to the Chief Risk Officer, executive leadership, and Board Risk Committee on fraud and financial crimes exposure, trends, and program effectiveness
• Facilitate the BSA/AML Officer's direct reporting to the Board of Directors (or designated Board committee) at least annually, and more frequently as circumstances require
• Manage issue remediation processes, ensuring timely closure of audit findings, regulatory issues, and internal control deficiencies
• Develop and maintain policies, procedures, and standards for fraud and financial crimes risk management, ensuring BSA/AML policies reflect the Officer's authority and independence
• Build, lead, and develop high-performing second line teams with deep technical expertise in fraud risk, BSA/AML compliance, and quality assurance
• Any other tasks as needed commensurate with the role/position.

Qualifications

Required Education & Experience

• Bachelor's degree in Finance, Business, Criminal Justice, Risk Management, or related field required; advanced degree (MBA, JD, or Master's) preferred
• Minimum 12-15 years of progressive experience in fraud risk management, BSA/AML compliance, financial crimes, or risk oversight, with at least 7 years in senior leadership roles
• Proven track record building and leading fraud and/or BSA/AML programs in banking or financial services
• Experience managing through regulatory examinations, addressing findings, and maintaining regulatory relationships
• Prior experience overseeing or serving as a BSA/AML Officer strongly preferred
• Demonstrated understanding of BSA/AML Officer independence requirements and ability to enable compliance while providing oversight

Certifications & Specialized Knowledge

• CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner) certification required; both highly preferred
• Comprehensive knowledge of BSA/AML regulations (Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations), OFAC requirements, and fraud-related laws
• Deep understanding of regulatory expectations regarding BSA/AML Officer authority, independence, and governance

Seniority level

Director

Employment type

Full-time

Job function

Accounting/Auditing, Finance, and Analyst

Industries

Banking and Financial Services

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