VP, Fraud & BSA Compliance Lead
Poppy Bank • Santa Rosa, CA3d • Onsite
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VP, Fraud & BSA Compliance Lead
Poppy Bank•Santa Rosa, CA
•Onsite
About The Position
The VP, Fraud & BSA Compliance Lead ensures that departments across the Bank comply with fraud and BSA requirements and oversees day-to-day monitoring, reporting, and control processes within the BSA & Fraud department. The role participates in risk assessments, recommends program improvements, and reviews, updates, and implements policies and procedures to reflect regulatory changes and applicable state and federal banking regulations. It conducts quality-control reviews and monitoring across the Fraud Program, BSA, the USA Patriot Act, AML, OFAC, and Customer Identification Program compliance. The position works in an office, independently, and with minimal supervision, and reports suspicious money laundering, fraud, and other activity to the BSA Officer. The position leads or oversees financial-crimes compliance reviews, regulatory filings, alert monitoring, investigations, customer risk assessments, high-risk account approvals, AML monitoring-system calibration and validation, and fraud risk activities. It serves as a subject matter expert and liaison to law enforcement, regulators, auditors, peer institutions, and industry networks; supports staff development and recruitment; and contributes to strategic initiatives, reporting, testing, and process improvements. The role monitors regulatory developments and implements appropriate program enhancements. The incumbent works in a non-confined office-type setting with a typically quiet-to-moderate noise level. The role involves frequent writing, typing, speaking, listening, operating basic business equipment, sitting, walking, standing, reading, detailed work, problem solving, client contact, presentations, analytical reasoning, stress, multiple concurrent tasks, and interruptions. Occasional physical demands include lifting up to 15 pounds, pulling, squatting, kneeling, and reaching. At least 10 hours of CRA volunteer service per year are required; these hours are typically scheduled during business hours, are compensable, and mileage is reimbursed.
Requirements
- At least 7 years of BSA and Fraud experience.
- Advanced understanding of banking and fraud threats posed by money laundering activities.
- Knowledge of state and federal laws and regulations pertaining to financial institutions, including BSA, AML, OFAC, and the USA Patriot Act.
- Excellent verbal and written communication skills, including the ability to explain complex requirements in practical, easy-to-understand terms.
- Proficiency with computer programs, including fraud-identification and AML software.
- Ability to organize workflow, direct personal training needs, and use available resources.
- Ability to perform financial analysis, draw logical conclusions, and make recommendations.
- Sound analytical, evaluation, communication, and interpersonal skills.
- Ability to distinguish and manage confidential information, materials, and conversations.
- Ability to establish and maintain effective working relationships with employees in other departments.
- Ability to work scheduled full-time hours and maintain regular attendance.
- Ability to multitask in a fast-paced environment.
- Ability to work independently with minimal supervision.
- Combination of training and experience providing the listed knowledge and abilities.
Nice To Haves
- Experience with depository financial institution processes and procedures, or similar experience.
- Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), Certified AML and Fraud Professional (CAFP), or another applicable industry designation.
- Strategic and entrepreneurial mindset and ability to identify emerging compliance trends and risks.
Responsibilities
- Perform quality-control reviews of AML, BSA, and fraud functions, including case investigations, SARs, alerts, customer risk reviews, and CTRs, checking that work meets established quality standards, procedures, and regulatory time frames.
- Oversee accurate and timely preparation, review, and filing of CTRs and other required regulatory filings.
- Oversee investigation, documentation, and timely preparation of SARs under the direction of the SVP, Fraud & BSA Officer.
- Oversee BSA, Fraud, CDD, EDD, and Watch List alert-monitoring programs, ensuring timely investigations, mitigation of risk exposures, and compliance with regulatory requirements.
- Evaluate, calibrate, and optimize AML transaction-monitoring system scoring, parameters, and detection scenarios.
- Lead transaction testing, data validation, model tuning, and customization of AML monitoring systems.
- Review, validate, and document customer risk ratings, designations, and mitigating factors, including appropriate EDD review frequencies.
- Review and approve high-risk account openings and EDD assessments before account approval.
- Provide leadership and operational support for daily fraud risk activities, complex investigations, financial elder abuse reviews, and escalation and reporting of suspicious activity.
- Liaise with law enforcement, regulatory bodies, peer institutions, and industry fraud-prevention networks.
- Help design, enhance, and implement fraud risk processes, tools, policies, standards, and procedures.
- Conduct root-cause analyses of data-quality issues and implement corrective actions to improve data integrity and operational effectiveness.
- Provide subject-matter guidance on BSA, AML, OFAC, fraud prevention, and financial-crimes compliance.
- Coach, mentor, train, and share knowledge with BSA and Fraud Department personnel.
- Lead and support special projects and strategic initiatives, including executive and ad hoc reports, metrics and tracking tools, system enhancements, testing coordination, and process improvements.
- Monitor and interpret laws, regulations, enforcement actions, and industry guidance, recommending and implementing program enhancements.
- Coordinate with external auditors, regulators, and examiners, including information requests, supporting documentation, management responses, examinations, and audits.
- Perform additional duties, special assignments, and strategic projects as assigned.
- Participate in recruitment, interviews, selection, and onboarding for BSA and Fraud personnel.
- Attend seminars, webinars, and other external compliance training.
- Comply with BSA requirements, policies, and procedures and complete mandatory BSA training.
- Report money laundering, fraud, and other suspicious activity to the BSA Officer.
- Complete a minimum of 10 hours of CRA volunteer service annually.
Benefits
- Compensable time for CRA volunteer hours scheduled during business hours.
- Mileage reimbursement for CRA volunteer hours.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
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