AVP Fraud Management and BSA Compliance Officer

at  Tower Federal Credit Union

Note: All full-time positions include the option of $0 out-of-pocket premium cost for Employee Only PPO AND exceptionally low premiums for all other PPO coverage levels.

EDUCATION & EXPERIENCE:

• Bachelor’s degree in a related field.
• ACAMS and CAMLS certification required.
• Minimum of five to ten years of BSA / AML-related experience, including management experience within a financial institution.
• Minimum of five to ten years’ experience in developing and implementing fraud programs within a financial services organization.
• Minimum of five to ten years of management experience, preferably leading large teams, or cross-departmental initiatives.
• CBAP, or other related certification from accredited associations (ABA, NAFCU, CUNA, etc.) preferred.
• Excellent oral/written communication, interpersonal, analytical, problem-solving, and multi-tasking skills.
• Proven experience in project and program management, including proficiency in BSA and rule-based fraud applications and data analysis tools.

• Monitor, enforce, and coordinate the Credit Union’s compliance with BSA / AML-related laws.
• Develop and regularly update a BSA Compliance Program, requiring Board approval, including Board education and reporting.
• Establish a strategic vision for compliance with the BSA / AML program and oversee its development, administration, and implementation across all business units.
• Review and update BSA / AML-related policies, systems, procedures, and processes, ensuring they are responsive to regulatory or organizational changes.
• Ensure the adequacy of BSA / AML program monitoring and reporting systems, including technology utilization, risk scoring, data segmentation, and the institution’s KYC program.
• Serve as the Credit Union’s BSA/AML/OFAC Officer.
• Administer the Credit Union’s OFAC sanctions program including the development of applicable policies, procedures, and systems in place to identify, block, and report prohibited individuals, entities, or assets.
• Oversee the development and maintenance of BSA / AML / OFAC risk assessments for new and existing products/services, considering inherent risks and necessary control enhancements.
• Govern BSA compliance of front-line, retail, lending, and back-office staff, establishing accountability standards for non-BSA compliance with regulatory requirements.
• Proactively monitor, analyze, report, and implement necessary regulatory changes, advising stakeholders of emerging risks and mitigation strategies.
• Lead the implementation of fraud strategies, policies, and risk management assessments, ensuring organizational alignment.
• Develop and implement comprehensive fraud awareness, prevention, detection, and response programs.
• Create and advise on policies, procedures, and practices to establish an effective fraud-managed environment.
• Adjust loss reduction strategies in response to evolving fraud patterns.
• The AVP of Fraud Management & BSA Compliance Officer will work closely with various departments, including compliance, operations, retail, lending, and IT, to ensure a cohesive approach to fraud prevention and AML compliance. Collaboration with external law enforcement and regulatory bodies will also be a key aspect of this role.
• Serve as the subject matter expert during regulatory examinations.
• Perform all duties inherent in a senior leadership role, fostering a culture of compliance and ethical behavior.