Vp Jobs

About The Position

Requirements

• Advanced understanding of banking and fraud threats posed by money laundering activities.
• A combination of training and experience providing the listed knowledge and abilities, including specific knowledge of state and federal laws and regulations pertaining to financial institutions, such as BSA, AML, OFAC, and the USA PATRIOT Act.
• At least 7 years of BSA and fraud experience.
• Excellent verbal and written communication skills, including the ability to explain complex requirements in practical, understandable terms.
• Proficiency with computer programs, including fraud-identification and AML software.
• Ability to organize workflow efficiently, self-direct 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.

Nice To Haves

• Experience in depository financial institution processes and procedures, or similar experience.
• Strategic and entrepreneurial mindset with the ability to identify emerging compliance trends and risks.
• Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), Certified AML and Fraud Professional (CAFP), or another applicable industry designation.

Responsibilities

• Ensure compliance with Bank policies and procedures and applicable state and federal banking regulations.
• Perform quality-control reviews of AML, BSA, and fraud functions, including case investigations, SARs, alerts, customer risk reviews, and CTRs.
• Oversee accurate, 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.
• Provide oversight of BSA, fraud, CDD, EDD, and Watch List alert-monitoring programs.
• 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, risk designations, mitigating factors, and EDD review frequencies.
• Review and approve high-risk account openings and EDD assessments.
• Oversee daily fraud risk activities, complex alert and case investigations, financial elder abuse reviews, and escalation and reporting of suspicious activity.
• Serve as a liaison with law enforcement agencies, regulatory bodies, peer institutions, and industry fraud-prevention networks.
• Contribute to the design and implementation of fraud risk management processes, tools, policies, standards, and procedures.
• Conduct root-cause analyses of data-quality issues and implement corrective actions.
• 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, tracking tools, system enhancements, testing, and process improvements.
• Monitor and interpret new and emerging laws, regulations, enforcement actions, and industry guidance, and recommend or implement program enhancements.
• Coordinate with external auditors, regulators, and examiners, including information requests, supporting documentation, management responses, audits, and examinations.
• Perform additional duties and special assignments as assigned.
• Participate in recruitment, interviews, selection, and onboarding for BSA and fraud personnel.
• Attend compliance seminars, webinars, and other outside 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 CRA volunteer hours per year.
• Perform other duties as assigned.

Benefits

• CRA volunteer hours are compensable time.
• Mileage for CRA volunteer hours is reimbursed.