Bank Secretary Act and Fraud Officer

Job Details

Employment Type
Direct Hire
Location
Hattiesburg
Salary
$110,000
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Seeking an individual to serve as a Bank Secrecy Act (BSA) and Fraud Officer for a rapidly growing bank located in Hattiesburg. In this role the ideal candidate will be viewed as the subject matter expert in ensuring the Bank is in compliance with all aspects of the BSA, Anti-Money Laundering (AML), Office of Foreign Asset Control (OFAC), and the US Patriot Act. Responsible for ensuring compliance with Identity Theft Prevention requirements, as well as laws, regulations, and policies relating to Red Flags, Privacy, CIP, KYC, and Fraud prevention. The role will also support strategies, program development, policies, and procedures to inhibit deposit account fraud and regulatory violations.

Primary responsibilities include: overseeing an effective BSA/AML, Fraud, OFAC, and USA Patriot Act monitoring system to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity at the Bank – including the Bank’s affiliate/third party vendor(s); preparation of Board reports; ensuring Bank Associates and the Board of Directors are adequately trained in the BSA, including developing curriculum and training tailored to the Bank’s specific products and footprint; and serving on the Bank’s Management Compliance Committee to (i) help ensure the Bank stays up-to-date on regulatory changes and (ii) effectuate relevant changes in Bank policies or procedures.

The successful candidate must demonstrate applied knowledge of BSA/AML, Fraud, OFAC, USA Patriot Act, KYC/CIP and FFIEC & FinCEN guidance. This role will include reporting to the Bank’s Leadership Team and assisting the Bank’s Executive Leadership Team as is necessary. The BSA Officer reports to the Bank’s Chief Compliance Officer.

Responsibilities:

  • Coordinate an effective BSA/AML, Fraud, OFAC and USA Patriot Act Compliance program.
  • Implement, administer and enhance the BSA/AML, Fraud, OFAC and USA Patriot Act monitoring systems to ensure appropriate parameters are in place to identify suspicious and/or fraudulent activity at the Bank and the Bank’s affiliate/third party vendor(s).
  • Monitor and review the deposit procedures of the Bank to (i) develop recommendations for enhancement of compliance policies and procedures and for remediating compliance deficiencies, (ii) communicating deposit compliance violations and recommended action(s) as necessary, and (iii) help reduce customer and internal fraud.
  • Assist in training employees in regulatory compliance and distributing information as laws change.
  • Establish and maintain appropriate SAR investigations, reviews and reports processes that promote consistent decisions; adequate investigation and research; and complete detailed documentation.
  • Administer compliance testing and monitoring of BSA/AML, Fraud, and OFAC Compliance within the Bank’s affiliate/third party vendor(s).
  • Conduct customer due diligence and risk assessment analysis of personal and commercial customer relationships. Conduct enhanced due diligence reviews for customer identified as higher risk.
  • Conduct BSA/AML, Fraud and OFAC risk assessments at least annually with consideration to the Bank’s products and services that may present BSA/AML, Fraud, and OFAC-related risks.
  • Act as a BSA/AML, Fraud and OFAC Compliance liaison for examinations, internal audits, and external audits. Respond to exams and audit concerns and oversees corrective action of related compliance deficiencies.
  • Comply with all departmental policies and procedures as well as all laws, rules, and regulations applicable to the position.
  • Performs other duties as assigned.

Qualifications:

  • Bachelor's degree (B.A) or equivalent from four-year College.
  • 5+ years of experience within a BSA/AML, Fraud, OFAC Compliance program – with digital banking and/or credit card experience, preferred.
  • Must have advanced knowledge of BSA/AML, OFAC, USA Patriot Act, KYC/CIP and FFIEC & FinCEN guidance.
  • Must have a Certified Anti-Money Laundering Specialist (CAMS) certification or other applicable AML certification.
  • Must be detail-oriented, alert to potential problems and organized.
  • Must have strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization.
  • Must demonstrate the ability to hold confidential information and display honesty and high ethical standards. All customer and company information must be handled in a confidential manner.
  • Must have the ability to navigate a fast pace and growing organization with strong written and verbal communication skills, excellent organizational skills with the ability to handle multiple projects at one time.
  • Must show initiative and motivation and be able to adapt well to change.
  • Must be proficient in MS Office applications (Excel, Word, PowerPoint), Lexis Nexis applications (AML Risk Attributes, Bridger, Business Instant ID), Fiserv applications (Financial Crime Risk Management Platform, Onboard Advisor) or other anti-money laundering, counter-terrorist financing, KYC and anti fraud platforms.

This position offers a competitive salary along with the following benefits:

  • 401(k) and Profit Sharing
  • Health Insurance
  • Dental Coverage Plan
  • Vision Coverage Plan
  • Disability Insurance
  • Life Insurance
  • Flexible Schedule

*For purposes of confidentiality, you can apply by emailing sfields@servicespecialistltd.com.

Job Type: Full-time

Salary: $110,000.00 - $130,000.00 per year

Benefits:

  • 401(k)
  • Dental insurance
  • Health insurance
  • Paid time off
  • Vision insurance

Schedule:

  • 8 hour shift
  • Monday to Friday

Ability to Relocate:

  • Hattiesburg, MS: Relocate before starting work (Required)

Work Location: In person

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