BSA FRAML Manager (Full Time) - Amarillo, Plano, or Sugar Land

Prosperity Bank•Amarillo, TX

53d

About The Position

The Fraud and Anti-Money Laundering (FRAML) Manager is responsible for managing the daily aspects of the Bank's Financial Intelligence Unit within the BSA Department which includes maintaining the company's compliance with laws and regulations and having sufficient knowledge on anti-money laundering controls and suspicious activity reporting. This position partners with other areas of the BSA department as well as the Fraud department and other business units throughout the Bank related to compliance with BSA/AML policies, procedures, and guidelines. The FRAML Manager must be a highly accomplished and motivated BSA/AML compliance professional with excellent organizational, leadership, and communication skills. This position performs various quality control reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering and OFAC compliance using industry standard and regulatory guidance sampling methods to ensure the Bank's compliance efforts are maintained on a daily basis. The FRAML Manager advises the BSA Senior Management and Fraud Senior Management of emerging compliance and fraud issues and consults and guides the Bank in the establishment of controls to mitigate risks. This position assists BSA Leadership in ensuring department activities run smoothly and efficiently by providing leadership, training, and supervision within the department. The FRAML Manager performs direct supervisory duties of assigned department staff, coordinates staff for coverage in assigned areas of the department and is required to be knowledgeable and skilled in the areas of the anti-money laundering controls and suspicious activity reporting for all areas of the bank including fraud reporting.

Requirements

Bachelor's Degree or equivalent work experience
Knowledge of BSA, AML, and other AML regulatory policies with the ability to apply and explain regulatory concepts.
Deep expertise in fraud typologies, detection methods, and regulatory suspicious activity reporting requirements.
Minimum of five years of combined experience in both fraud and AML role, with at least two years in a supervisory or management capacity.
Self-starter, capable of working under minimum supervision.
Capable of multi-tasking and meeting deadlines in high-pressure environment.
Proven leadership and people management skills.
Strong analytical and problem-solving abilities, with an aptitude for interpreting complex data.
Proficient in MS Office (Outlook/Word/Excel/PowerPoint).
Strong documentation skills to clearly articulate appropriate disposition or alerted activity.
Adherence to controls and standards.
Ability to maintain attention and concentration for extended period of time.
Ability to work overtime when required to meet deadlines.

Nice To Haves

Relevant professional certification is preferred, such as Certified Fraud Examiner (CFE) or Certified Anti-Money Laundering Specialist (CAMS).

Responsibilities

Create, maintain, and enhance policies and standards for working fraud and AML case investigations
Conduct and coordinate fraud and AML risk assessments to identify vulnerabilities and areas for improvement
Oversee the detection, monitoring, and investigation of suspicious transactions and fraudulent activities
Work with internal departments (e.g., Compliance, Legal, Fraud) and external partners (e.g., financial institutions, law enforcement) to support AML efforts
Identify process inefficiencies and implement enhancements to improve fraud detection, workflow, and reporting
Stay informed about emerging fraud trends, evolving financial crime typologies, and new regulatory changes
Work closely with BSA Leadership to ensure consistent quality and manage project deadlines
Develop a strong team dynamic
Maintain proficient knowledge of the banking rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, and OFAC; Understand the BSA/AML regulations, policies, and procedures
Perform functions related to the Bank's Bank Secrecy Act / Anti-Money Laundering Program, including transaction reviews and/or account reviews
Oversee the work of analysts to ensure Referrals and Continuing Activity Reports meet quality standards and that data was accurately collected and documented, including investigation, or Suspicious Activity Report history; Know Your Customer (KYC) information; relevant account and transaction data; and any other required information to assist the investigation. Review cases with analysts for any corrections or differences in final disposition
Oversee the filing of Suspicious Activity Reports and ensure they are filed timely
Serve as a key contact to investigators regarding prevention processes, providing direction, interpretation, and advice on money-laundering prevention systems and processes
Perform complex analysis and/or modeling to identify patterns or trends of money-laundering transactions/activity
Assist BSA, AML, OFAC and CIP training presentations and exercises with Bank personnel, including material presented to employees during the new hire orientation process
Respond to inquiries or refer inquiries to the appropriate department or person and exhibits the necessary follow through with customers and/or staff involved
Monitor staff in daily tasks, operations, and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results
Play a positive role in the development and growth of assigned department staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff
Perform personnel actions including performance appraisals, disciplinary actions, and interviewing candidates for employment; supervise the daily activities of the department including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training
Assume responsibility for the various department functions in the absence of staff members or during a declared nature disaster or pandemic
Report any suspicious or unusual activity by customers or associates
Complete the annual BSA/AML and Compliance training
Other duties as assigned by supervisor
Lead and manage team through training, developing, and coaching associates on a consistent basis
Encourage others to set challenging goals and high standards of performance
Inspire associates to define new opportunities and continuously improve the organization
Celebrate and reward significant achievements of associates
Present logical and persuasive case for proposals and positions
Assist team in addressing their individual strengths and development needs