Grand Bank - BSA/AML & Fraud Officer

Continental Finance Company•Hattiesburg, MS

1d•Hybrid

About The Position

The BSA/AML & Fraud Officer serves as Grand Bank for Savings, FSB’s aka Grand.bank (the Bank) subject matter expert responsible for the design, implementation, and oversight of the Bank’s BSA/AML, OFAC, USA PATRIOT Act, and fraud prevention programs across deposit, digital, and credit card products. This role ensures compliance with applicable laws and regulations, including CIP, KYC, Identity Theft Prevention, Privacy, Red Flags, and fraud mitigation requirements, and supports strategies, policies, and procedures to manage financial crime risk across all delivery channels. The BSA/AML & Fraud Officer oversees monitoring systems, vendor relationships, regulatory reporting, risk assessments, training, and Board reporting, and serves on the Management Compliance Committee. The position reports to the Chief Compliance Officer and regularly supports executive leadership.

Requirements

Bachelor’s degree or equivalent.
Five (5)+ years of experience in BSA/AML, Fraud, and OFAC compliance; credit card program experience preferred.
Experience with card issuing platforms, payment networks, and transaction-level fraud monitoring.
Advanced knowledge of BSA/AML, OFAC, USA PATRIOT Act, KYC/CIP, and FFIEC/FinCEN guidance.
CAMS, CFE, or other relevant AML/fraud certification.
Strong analytical, organizational, and communication skills.
Proven ability to manage sensitive information with discretion and integrity.
Ability to operate effectively in a fast-paced, growing organization.
Proficiency with Microsoft Office and AML/fraud platforms (e.g., LexisNexis, Fiserv, or similar systems).

Nice To Haves

Credit card program experience preferred.

Responsibilities

Develop, implement, and maintain an effective BSA/AML, Fraud, OFAC, and USA PATRIOT Act compliance program.
Administer and enhance transaction monitoring and fraud detection systems.
Provide ongoing oversight of third-party vendors, including card processors and fraud platforms, through performance monitoring, control validation, and review of service level agreements.
Review and investigate alerts and activity related to customer accounts, wires, ACH, cash transactions, and other high-risk activity.
Detect, investigate, and respond to fraud events, including account takeover and financial crimes.
Ensure effective controls are in place to detect and mitigate ACH-related fraud, including account takeover, unauthorized debits, and credit push scams.
Oversee credit card program fraud risk, including monitoring of card-not-present (CNP) fraud, authorization controls, MCC risk, disputes, and fraud loss trends.
Establish and monitor fraud thresholds, key risk indicators, and escalation protocols for the credit card program.
Oversee ACH risk management, including compliance with NACHA rules, monitoring of unauthorized return rates, and reporting/escalation of threshold breaches.
Manage chargeback review and escalation in coordination with operations, processors, and vendors.
Provide governance and oversight of card processors, issuing platforms, and fraud tools; ensure alignment with Regulation E, Regulation Z, and card network rules.
Conduct customer due diligence (CDD) and enhanced due diligence (EDD) for higher-risk customers.
Prepare, file, and maintain Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in accordance with regulatory requirements.
Perform compliance testing and monitoring of BSA/AML, Fraud, and OFAC programs, including third-party vendors.
Provide oversight of dispute resolution and error resolution processes to ensure compliance with Regulation E and Regulation Z, including periodic monitoring and testing.
Oversee the effectiveness of real-time fraud detection and authorization controls, including rule logic, velocity parameters, and vendor decisioning tools.
Conduct enterprise-wide BSA/AML, Fraud, and OFAC risk assessments at least annually, incorporating deposit, digital, and credit card products, transaction flows, and fraud exposure, including ACH activity, NACHA-related risks, and credit card program exposures.
Serve as the primary liaison for regulatory examinations and audits; manage corrective actions and remediation.
Coordinate with law enforcement and external agencies as required.
Develop and deliver BSA/AML and fraud training for employees and the Board; provide regular reporting on compliance and fraud trends, including credit card losses and disputes.
Provide reporting to executive management and the Board on ACH risk metrics, credit card fraud performance, losses, and emerging trends.
Stay current on regulatory developments and industry best practices.
Perform other duties as assigned.