Job Description

Our client is seeking a Senior BSA and Fraud Officer to lead and oversee the Bank Secrecy Act (BSA) compliance program , ensuring adherence to Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, and OFAC requirements . This role will focus on monitoring transactions, identifying and investigating suspicious activities, developing fraud prevention strategies, and advising senior management on compliance risks . The ideal candidate will have extensive experience in banking compliance, risk mitigation, and fraud prevention , with a proven ability to lead audit reviews, implement regulatory policies, and develop advanced fraud detection strategies.

Key Responsibilities

• Develop, implement, and oversee the BSA/AML compliance program to ensure regulatory adherence.
• Conduct regular audits and reviews to assess compliance with banking regulations.
• Monitor transaction data and account activity to detect and investigate suspicious activities.
• Lead complex fraud investigations and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) as required.
• Advise senior management and internal teams on fraud risks, regulatory updates, and risk mitigation strategies .
• Develop and execute advanced fraud prevention programs , leveraging industry best practices and technology-driven solutions .
• Maintain detailed records and regulatory reporting to ensure compliance with internal policies and external regulatory requirements.
• Conduct advanced training sessions for employees on BSA/AML compliance, fraud detection, and risk management.
• Stay updated on regulatory changes and industry trends to enhance fraud prevention efforts.

Qualifications

Education & Experience:

• Bachelor’s degree in Finance, Business Administration, or a related field .
• 15+ years of experience in BSA/AML compliance, fraud prevention, and banking regulations .
• CAMS (Certified Anti-Money Laundering Specialist) certification strongly preferred .
• Extensive experience in fraud investigations, risk assessment, and compliance audits .

Skills & Abilities:

• Deep understanding of AML regulations, USA PATRIOT Act, and OFAC requirements .
• Strong analytical skills for transaction monitoring and fraud detection.
• Ability to develop and implement risk mitigation strategies to prevent financial crimes.
• Excellent communication and leadership skills for advising senior management and conducting compliance training.
• Strong attention to detail and organizational skills for maintaining compliance records.
• Proven experience managing cross-functional teams and working with auditors and regulatory agencies.

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