BSA & Fraud Officer

Position Purpose:

The BSA and Fraud Officer is responsible for administering coordinating developing implementing and maintaining all aspects of First Feds Bank Secrecy Act Combating the Financing of Terrorism (CFT)/ Anti-Money Laundering OFAC US Patriot Act Bank Protection Act and the banks fraud compliance programs ensuring a high level of compliance with related laws regulations internal policies and procedures and Federal regulatory expectations. This position must be able to independently recognize develop and implement cost effective compliance related solutions for the CFT/AML and Fraud programs that align with the Banks strategic objectives. To perform this job successfully an individual must be able to perform each essential duty satisfactorily.

Essential Functions:

• Analyzes complex anti-money laundering matters and provide advice and direction to business line areas and to the BSA and Fraud staff.
• Assists with regulatory examinations and audits including gathering requested information and developing responses to such reviews as necessary.
• Responds to requests by law enforcement including subpoena requests as appropriate.
• Keeps senior management informed regarding compliance issues and elevated risks by providing regular reporting to the Director of Risk and Compliance the Board of Directors and Enterprise Risk Management Committee and others as appropriate.
• Ensures the banks programs and systems designed for compliance with BSA are proactive to changes in regulation and with changing methodologies and typologies of money laundering terror financing and compliance management.
• Manages the SAR Committee and provides sound recommendations and detailed documentation on decisions made during committee meetings.
• Establishes and maintains an effective Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) program with appropriate risk rating of high-risk customers to include initial and ongoing assessments and reviews providing documentation of the reviews. .
• Maintains an effective fraud program with ongoing monitoring using a combination of software systems and analysis to protect the bank and its customers from financial loss.
• Conducts time sensitive investigations of external and internal fraud against the bank and against bank customers.
• Manages fraud cases and losses that affect the bank and its customers and prepare fraud loss and trend reporting for management.
• Provides recommendations to management on best practices to protect the bank from internal and external fraud losses.
• CFT Monitoring and Filings:
• • Ensures all required regulatory reporting is conducted in a timely accurate and compliant manner.
  • Ensures staff completes required CTRs by comparing system generated reports to CTRs submitted. Coordinates completion of missing reports with staff and management.
  • Reviews watch lists and watch lists alerts. Analyzes possible matches and takes appropriate follow-up actions.
  • Reviews anti-money laundering alerts for suspicious activity. Performs additional research to determine if activity is suspicious.
  • Composes reviews and files Suspicious Activity Reports (SARs) and conducts follow-up reviews to determine if subsequent SAR filings are required.
  • Investigates staff reporting of possible suspicious behavior and files SARs as necessary.
  • Reviews 314(a) and 314(b) procedures and reporting.

• Serves as Board appointed Bank Secrecy Act (BSA) Officer including managing compliance with Combating the Financing of Terrorism (CFT) Anti-Money Laundering rules (AML) and Bank Protection Act regulations.
• Collaborates with Human Resources and others as appropriate related to significant or recurring compliance violations including the identification of suspected insider abuse.
• Provides guidance and training as appropriate to bank staff and the Board related to BSA requirements as well as underlying laws and regulations.
• Serves as the subject matter expert during CFT/AML annual audits and examinations. Manages corrective action and issue resolution resulting from external audits and exams. Provides reporting related to audit findings as required.
• Conducts CFT/AML/OFAC and Red Flag and ID Theft risk assessments at least annually with consideration to products services customers and geographies that may present CFT/AML/OFAC and fraud related risks.
• Manages the Anti Money Laundering software program to ensure that the parameters that are set are appropriate and accurate and manages model quality control assessments and model validations.
• Works with other departments on product and system development as the subject matter expert on CFT related requirements.
• Maintains and keeps current all policies and procedures related to; CFT AML Customer Identification Program (CIP) and Fraud.
• Supervises the BSA and Fraud Department staff in the administration and maintenance of the internal control environment and compliance with associated laws rules and regulations.
• Administers CFT/AML technology resources. Ensures resolution of alerts investigation of suspected criminal activity and completes regulatory reporting.
• Creates and delivers Board level reporting on the banks CFT and fraud related programs and their effectiveness.
• Evaluates and recommends software systems vendors and related work. Maintains related vendor relationships and service contracts.
• Performs other related duties as required or assigned.

Qualifications & Requirements

Education:

Four-year degree or equivalent work experience.

Preferred Certifications:

Certified Anti-Money laundering Specialist (ACAMS)

Certified BSA / AML Professional (CBAP)

Certified Fraud Examiner (CFE)

Experience:

• Minimum of 5 years directly related experience
• Experience with AML models and a basic understanding of model risk governance

Pay Range

• The pay range for this position is $87151.75- $148157.98

• The typical hiring range for this position is $87151.75 $100006.63
• The incentive plan for this position is the Officer Incentive plan. It is paid out annually.
• Employees will be eligible for our benefits package including medical dental and vision insurance paid time off retirement plans (401k with company match and Employee Stock Ownership Plan) gym membership reimbursement discounts on our banking products and more! Additional information on our benefits package can be viewed at a community Bank we know the power in bringing people together from all walks of life. Our communities are beautiful and strong because of their diversity and its important to us that all of our locations reflect the unique diversity of the places we live and work. We are passionate about hiring the very best talent and welcome applicants from all backgrounds.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

  
  

  Qualified applicants will receive consideration without regard to their race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran

  
  

  First Fed invites all qualifiedinterested applicants to apply for our career opportunities. If you are a person with a disability and need a reasonable accommodation to use our online job search or application tools please email Human Resources via or call . Note: This contact information is reserved solely for job seekers requesting accessibility assistance or accommodation in the application process. Messages left for other purposes may not receive a response.

  
  

  We are required to notify all applicants of their rights pursuant to federal employment laws. For further information please review the Know Your Rights notice from the Department of Labor.

  
  

  
  

  Required Experience:

  Unclear Seniority