BSA and Fraud Prevention Manager

Park Community Credit Union • Louisville, KY

1d

About The Position

By emphasizing One Park, One mission, One team, the BSA & Fraud Prevention Manager is responsible for overseeing the credit union’s fraud prevention, detection, and investigation functions, while also managing and administering the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs. This role ensures regulatory compliance, mitigates financial crime risk, and protects the organization and its members from fraud and illicit activity.

Requirements

• Five years to eight years of similar or related experience.
• A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., Fraud or BSA certifications in lieu of a degree).
• Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
• Excellent analytic skills are needed.
• Good communication skills

Responsibilities

• Manages all aspects of fraud detection, prevention, and loss mitigation across all channels (checks, new accounts, debit card, ACH, wires, digital banking, ATM/ITM, and lending). Develops and implements fraud policies and procedures, monitors trends, investigates activity, and reports on fraud losses and recoveries. Partners with departments to address emerging fraud risks and strengthen controls.
• Oversees the credit union’s BSA/AML/OFAC compliance program, ensuring adherence to FinCEN regulations; monitors transactions for suspicious activity and manages alert review, case documentation, and SAR/CTR filings. Maintains CIP and CDD/EDD processes, conducts risk assessments, and administers Verafin, including system performance, updates, and alignment with evolving regulatory and fraud trends. Produces Board-level BSA reports and coordinates compliance training for staff, management, and the Board of Directors.
• Hires, trains, schedules, and supervises assigned staff supporting fraud and BSA/AML functions. Provides coaching, performance management, and ensures ongoing training in fraud prevention and regulatory compliance. Assumes responsibilities in the absence of employees.
• Maintains knowledge and awareness of all regulations and how they impact fraud analysis and regulatory compliance including BSA, FACTA, OFAC, etc. Reports all potential BSA violations and transactions discovered during analysis. Ensures knowledge remains current of fraud methods being utilized and mitigation measures available; recommends and/or implements improvements as needed to ensure minimal risk to the organization.
• Performs other job-related duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1-10 employees