Senior BSA and Fraud Officer

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5 billion in assets by 2023. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as "Best Place to Work" by the Baltimore Business Journal for 2022, 2023 and 2024, our primary goal is making each team member feel choosing CFG Bank was their best career decision. Join us for professional growth and a positive work environment that sets CFG Bank apart.

Position Summary

The Senior BSA and Fraud Officer will lead the development, implementation, and administration of the Bank Secrecy Act (BSA) compliance program, ensuring adherence to Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, and OFAC requirements. This role involves overseeing the monitoring and analysis of transaction data to identify suspicious activities, investigating and resolving complex fraud cases, and advising senior management on compliance and fraud risks. The officer will also prepare and submit regulatory reports, maintain comprehensive records, and conduct advanced training sessions for employees. Additionally, they will develop and implement risk mitigation strategies to address emerging compliance and fraud risks.

Essential Duties And 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 And Requirements

• Bachelor's degree in finance, business administration, or a related field.
• Minimum of 15 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.
• Effective communication skills for advising senior management and conducting training sessions.
• Ability to develop and implement advanced fraud prevention and risk mitigation strategies.
• Detail-oriented with strong organizational skills for maintaining comprehensive records.
• Up-to-date knowledge of regulatory changes and compliance requirements.
  
  

Work Environment

We offer a hybrid schedule, with 3 days in-office and 2 days remote after the initial 90-day period.

Compensation Disclosure

In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The wage range for this position is $175,000-$195,000. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity.

Benefits And Additional Compensation

Additionally, this position includes a comprehensive benefits package and other forms of compensation, including:

• Employer-provided health benefits: medical insurance, dental and vision insurance, disability insurance, life insurance, mental health support services, wellness program and free health club membership (for Baltimore-based employees)
• Paid time off: vacation days, sick leave, volunteer days
• Retirement plan: 401(k) with employer match
• Other compensation elements: Discretionary annual bonus and overtime pay for non-exempt positions