BSA/AML & Fraud Officer
hace 1 día
Bethlehem
Come join Embassy Bank. Voted by best bank in the Valley!! The BSA/AML &Fraud Officer serves as Embassy Bank’s (the Bank) subject matter expert responsible for the design, implementation, and oversight of the Bank’s BSA/AML, OFAC, USA PATRIOT Act, and fraud prevention programs across deposit, digital, and other banking platforms. This role ensures compliance with applicable laws and regulations, including CIP, KYC, Identity Theft Prevention, Privacy, Red Flags, and fraud mitigation requirements, and supports strategies, policies, and procedures to manage financial crime risk across all delivery channels. The BSA/AML & Fraud Officer oversees monitoring systems, vendor relationships, regulatory reporting, risk assessments, training, and Board/Audit Committee reporting. The position reports to the First Executive Officer and regularly supports executive leadership. Essential Duties and Responsibilities: The essential functions include, but are not limited to the following: • Develop, implement, and maintain an effective BSA/AML, Fraud, OFAC, and USA PATRIOT Act compliance program., • Administer and enhance transaction monitoring and fraud detection systems, including oversight of third-party vendors and affiliates., • Oversee and assist with the review and investigation of AML and fraud alerts and activity related to customer accounts, wires, ACH, cash transactions, and other high-risk activity., • Oversee and assist with the detection, investigation, and response to fraud events, including account takeover and financial crimes., • Provide governance and oversight of fraud tools; ensure alignment with Regulations., • Oversee and assist with customer due diligence (CDD) and enhanced due diligence (EDD) for higher-risk customers., • Oversee and review Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in accordance with regulatory requirements., • Investigate and respond to 314 (a) and 314 (b) requests in a timely manner., • Perform compliance testing and monitoring of BSA/AML, Fraud, and OFAC programs, including third-party vendors., • Conduct enterprise-wide BSA/AML, OFAC risk assessments, and other assessments as deemed necessary, at least annually, incorporating deposit, digital, and other electronic products/services, transaction flows, and fraud exposure., • Coordinates and leads bank wide Fraud Task Force meetings., • Serve as the primary liaison for regulatory examinations and audits; manage corrective actions and remediation., • Coordinate with law enforcement and external agencies as required, including response to criminal subpoenas, etc., • Coordinate with outside compliance vendors to develop and deliver BSA/AML and fraud training for employees and the Board; provide regular Board and /or Audit committee reporting on compliance and fraud trends, including fraud losses., • Develop and deliver customized fraud training for retail and business customers, as well as community groups., • Stay current on regulatory developments and industry best practices., • Ensure team has appropriate training and access to necessary tools., • Determine staffing and budget needs., • Oversee team and conduct annual employee assessments., • Bachelor’s degree or equivalent is preferred., • Five (5+) years of experience in BSA/AML, Fraud, and OFAC compliance; and Fraud detection experience required., • Experience with transaction-level AML and fraud monitoring., • Advanced knowledge of BSA/AML, OFAC,USA PATRIOT Act, KYC/CIP, and FFIEC/FinCEN guidance, Right to Financial privacy and Reg GG., • CAMS required, and other relevant AML/fraud certifications preferred., • Strong analytical, organizational, and communication skills., • Proven ability to manage sensitive information with discretion and integrity., • Ability to operate effectively in a fast-paced, growing organization., • Proficiency with Microsoft Office, Verafin AML/fraud platforms, and preferably experience with Fiserv DNA core solutions, LexisNexis, etc.)., • Attend quarterly officers’ meetings, after hours and off site., • Ability to lift and carry up to 25 lbs., • Long periods of sitting. Embassy Bank 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, • Paid Time Off(PTO) and sick time Work location and Hours: • Full-time, On-Site, Not Remote, • Main Office- Bethlehem, PA Northampton County, • Monday through Friday, • On call after 5pm on Fridays and some Saturdays, • Salaried - Commensurate with education and experience