BSA & Fraud QA Officer

Vast Bank•Tulsa, OK

21d

About The Position

Vast Bank is looking to hire a BSA & Fraud QA Officer!! About Vast Bank Since February of 1982, we've been a financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 40 years, we've built a legacy on personal service, flexibility, strength, and integrity. Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 40 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience. We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package: The BSA & Fraud Quality Assurance Officer is responsible for developing and executing the Bank’s Quality Assurance (QA) program across all Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and Fraud program components. This role provides independent, ongoing monitoring to ensure regulatory compliance, internal policy adherence, data integrity, and operational effectiveness. The Officer partners closely with BSA/AML, Fraud, Compliance, Operations, and business line leaders to identify gaps, recommend corrective actions, and support continuous improvement of the Bank’s financial crimes risk management framework.

Requirements

10+ years of experience in BSA/AML, fraud, or risk QA within a banking or financial services environment.
Knowledge of payments systems (ACH, wire, cards, RTP, digital banking) and associated compliance requirements.
Familiarity with Fair Access Banking principles, consumer protection laws, and regulatory expectations.
Strong analytical skills with experience reviewing complex monitoring alerts, investigations, and transactions.
Bachelor’s degree in Finance, Accounting, Business, Risk Management, or related field; or equivalent work experience.
Strong communication skills to develop good working relationships and to promote cooperation and compromise among various departments.
Display the ability to research and comprehend a high level of knowledge in current and developing regulations.
Ability to develop and maintain effective working relationship at all levels by proactively participating and contributing to a positive work environment, controlling emotions and temperament, and exhibiting courteous, respectful, and professional behavior.
Ability to quickly adapt to changing environments, processes, and technologies. Technological ability and willingness to work remotely from home as required.
Strong organizational skills.
Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.
Ability to maintain personal and work direction when faced with ambiguity
Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable, and timely attendance.
Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on both internal and external confidential matters.

Responsibilities

Design, maintain, and execute a comprehensive BSA and Fraud Quality Assurance and Testing Framework in order to evaluate the adequacy, effectiveness, and efficiency of internal controls, as well as compliance with the Bank’s policies and procedures.
Validate adherence to internal policies, regulatory requirements and procedural guidelines.
Performs quality assurance reviews of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, Fraud Prevention, OFAC, Customer Identification Program, and Customer Due Diligence compliance for the Bank and its third-party partners, as applicable.
Develop testing scripts, sampling methodologies, and documentation standards.
Conduct root-cause analysis to identify systemic issues or procedural weaknesses.
Recommends process and control improvements based on QA findings, regulatory guidance, and industry best practices.
Prepare accurate, timely QA reports summarizing findings, risk ratings, and trends.
Track remediation plans, verify corrective action implementation, and report unresolved issues to executive management.
Maintain strong working knowledge of applicable regulations including BSA/AML, USA Patriot Act, OFAC, FFIEC BSA/AML Examination Manual, fraud risk management expectations.
Assist in validating model and system settings related to AML and fraud monitoring tools.
Evaluates Fair Access Banking decisioning and monitoring processes to ensure equitable access while maintaining risk management standards.
Works closely with Fraud, BSA/AML, Payments, and Fair Access Banking teams to review investigations, escalations, and alerts for quality and accuracy.
Provides guidance to operations and monitoring teams to ensure proper escalation and documentation of high-risk activities.
Serves as a subject matter resource on BSA, fraud, payments risk, and Fair Access Banking QA processes.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control