Fraud & BSA Manager

Description

Position Overview

Assists the BSA Officer with oversight and management of all aspects of the Bank Secrecy Act/Anti-Money Laundering program. Maintains policies and procedures and risk assessments. Responsible for developing, implementing, and administering the Fraud management program. Includes the identification, assessment and monitoring of BSA/AML risks, including fraud. This position oversees the process for investigation and processing illegal, and improper activities and the prevention and recovery of losses caused by such activities. A key function of the role is the ongoing timely management of the Bank’s customer due diligence program and the ongoing oversight of higher risk customers.

Responsibilities and Accountabilities

• Oversees and manages the customer due diligence program including initial and ongoing/enhanced due diligence. Makes informed, timely and appropriate recommendations for program enhancement and increased efficiency.
• Conducts time sensitive investigations of fraud against the Bank, including check fraud, debit fraud, online fraud, elder abuse and identity theft and manages loss tracking and reporting.
• Assists with BSA/AML functions by performing routine reviews to identify trends and assess customer risk in a time-sensitive and investigative manner.
• Assists with managing the Bank Secrecy Act program by overseeing the reviews of Red Flags, OFAC.
• Actively participates in the reviewing, drafting and preparation of FinCEN filings (i.e., CTR’s & SAR’s) and reviews customer accounts for suspicious activity.
• Provides training bank-wide as necessary on BSA and fraud mitigation.
• Maintains the Bank’s exempt customer program and the 314a and 314b process.
• Stays abreast of the changing regulatory landscape related to BSA and keeps management informed of necessary changes.
• Management of branch audit program.
• Assists with bank-wide and department projects as needed.
• Participates in preparing and managing regulatory exams and audits

Requirements

Qualifications

• College degree or equivalent experience in related fields.
• Minimum two years’ experience and training in BSA/fraud management required
• Effective at multi-tasking and must be able to meet frequent deadlines and able to work both independently and as part of a team
• Must be detail oriented and possess exceptional organizational, time management and analytical skills
• Strong written business and verbal communication skills
• Must attend external training, seminars and workshops as necessary
• Possess the ability to read and comprehend regulations and other instructional material and communicate understanding of needed changes effectively to appropriate parties
• Proficient with Microsoft Office product suite

Education/Training/Experience

Fraud management and BSA experience required and Verafin experience (or equivalent Anti-Money Laundering/Fraud system) preferred. Consumer compliance regulations experience/exposure a plus.

Cornerstone Bank is an Equal Opportunity Employer. In compliance with Equal Opportunity Guidelines and the Americans with Disabilities Act, Cornerstone Bank provides reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

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