BSA Compliance Director Job at Veritas Partners, Baltimore, MD

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  • Veritas Partners
  • Baltimore, MD

Job Description

Our client is a regional bank with a national reach. They're currently seeking a Director to lead their BSA/AML Compliance teams.

About the Role - Lead the development, implementation, and administration of the BSA compliance program. Ensure adherence to AML regulations, the USA PATRIOT Act, and OFAC requirements. Conduct regular audits and reviews to ensure compliance with regulatory standards. Oversee the monitoring and analysis of transaction data to identify suspicious activities. Investigate and resolve complex fraud cases, including filing Suspicious Activity Reports (SARs). Advise senior management on compliance and fraud risks. Develop and implement advanced fraud prevention strategies. Prepare and submit regulatory reports, such as Currency Transaction Reports (CTRs) and SARs. Maintain comprehensive records of compliance and fraud-related activities. Conduct advanced training sessions for employees on BSA/AML compliance and fraud prevention. Stay updated on regulatory changes and ensure the institution's policies reflect current requirements. Develop and implement risk mitigation strategies.

Responsibilities

  • Lead the development, implementation, and administration of the BSA compliance program.
  • Ensure adherence to AML regulations, the USA PATRIOT Act, and OFAC requirements.
  • Conduct regular audits and reviews to ensure compliance with regulatory standards.
  • Oversee the monitoring and analysis of transaction data to identify suspicious activities.
  • Investigate and resolve complex fraud cases, including filing Suspicious Activity Reports (SARs).
  • Advise senior management on compliance and fraud risks.
  • Develop and implement advanced fraud prevention strategies.
  • Prepare and submit regulatory reports, such as Currency Transaction Reports (CTRs) and SARs.
  • Maintain comprehensive records of compliance and fraud-related activities.
  • Conduct advanced training sessions for employees on BSA/AML compliance and fraud prevention.
  • Stay updated on regulatory changes and ensure the institution's policies reflect current requirements.
  • Develop and implement risk mitigation strategies.

Qualifications - Bachelor's degree in finance, business administration, or a related field. Minimum of 12+ years of experience in BSA/AML compliance and fraud prevention. Strong knowledge of AML regulations, the USA PATRIOT Act, and OFAC requirements. CAMS (Certified Anti-Money Laundering Specialist) certification strongly preferred. Proven experience in conducting audits and reviews for compliance. Expertise in investigating and resolving complex fraud cases. Excellent analytical skills for monitoring and analyzing transaction data.

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