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 overall Financial Crimes Strategy including Bank Secrecy Act (BSA) compliance program, ensuring adherence to Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, and OFAC requirements and a strong Fraud Prevention Program. This role involves overseeing the execution of processes for 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. Additionally, they will develop and implement risk mitigation strategies to address emerging compliance and fraud risks. This position works closely with the BSA Officer on internal and external reviews, remediation activities and model validation efforts.

Essential Duties And Responsibilities

• Lead the development, implementation, and administration of the overall BSA compliance and Fraud programs.
• Ensure adherence to AML regulations, the USA PATRIOT Act, and OFAC requirements through oversight of the identification, documentation and implementation of controls to mitigate risks related to financial crimes.
• Conduct regular audits and reviews to ensure compliance with regulatory standards.
• Oversee the monitoring and analysis of transaction data to identify suspicious activities.
• Lead programs focused on fraud prevention, detection, investigation, and remediation.
• Advise senior management on compliance and fraud risks.
• Develop and implement advanced fraud prevention strategies.
• Ensure the timely preparation and submission of regulatory reports, such as Currency Transaction Reports (CTRs) and SARs.
• Maintain comprehensive records of compliance and fraud-related activities.
• Provide input into 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, including ensuring that new policies and policy changes across all lines of business align with BSA/AML/OFAC requirements.
• Provide leadership and mentorship to the BSA Officer.
  
  

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 Bank Secrecy Act/Anti Money Laundering regulations, the USA PATRIOT Act, and OFAC requirements.
• Previous experience as a BSA/AML Manager, a Deputy BSA/AML Officer or BSA Officer
• CAMS (Certified Anti-Money Laundering Specialist) certification strongly preferred.
• Proven experience in conducting audits and reviews for compliance.
• Ability to develop and implement advanced fraud prevention and risk mitigation strategies.
• Expertise in investigating and resolving complex fraud cases.
• Effective communication skills, as well as detail-oriented with strong organizational skills.
• Strong knowledge of banking regulations, compliance frameworks, and industry best practices.
  
  

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
  
  

EOE STATEMENT: CFG Bank is an Equal Opportunity Employer as to all protected groups, including protected veterans and individuals with disabilities. If you require accommodations during the application process, please contact TalentAcquisition@cfg.bank.