AML CFT Fraud Group Manager

Summary

The Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) Officer/Fraud Department Manager administers the bank's program of compliance with the AML/CTF, regulations issued by the Office of Foreign Assets Control, and all other related anti-money laundering laws and regulations. In addition to overseeing the program, this role includes the strategic and operational leadership of the Fraud Department, with responsibility for fraud detection, investigation, prevention, and reporting. The individual will serve as the subject matter expert for both regulatory compliance and fraud risk management.

Essential Duties and Responsibilities include the following, other duties may be assigned:

Manage workflow and priorities of analysts as they conduct investigations.

Develop, implement, and maintain the bank’s AML/CTF Compliance Program, it’s policies and procedures, in accordance with applicable laws and regulations.

Monitor and analyze BSA-related regulatory changes and recommend and implement necessary program enhancements.

Serve as primary contact for regulatory agencies, the bank's internal audit department, and outside auditors/consultants; this includes both regulatory and internal compliance exams. This will include preparing responses for the requests made by these agencies.

Work with the Chief Compliance Officer to develop and present training to staff and bank board of directors on AML/CFT and Fraud topics to ensure awareness of compliance responsibilities.

Review and analyze alerts, reports, and transactions to identify suspicious activity; file Suspicious Activity Reports (SARs) as required, preparing reports to be presented to the board of this activity.

Lead the bank’s Fraud Department in proactive detection, prevention, and investigation of internal and external fraud threats.

Develop and maintain policies, procedures, and controls to safeguard the bank’s assets and reputation.

Oversee fraud case management processes including intake, triage, investigation, resolution, and recovery efforts.

Collaborate with partners both in the bank and externally including, but not limited to: IT, Deposit Operations, Retail, Treasury Operations, law enforcement, legal counsel, and other institutions during fraud investigations and restitution processes.

Maintain current knowledge of industry fraud trends, tools, and techniques; implement new technologies or practices as appropriate.

Provide regular reporting on fraud trends, losses, as well as recoveries to senior management and the Board of Directors.

Competencies

To perform the job successfully, an individual should demonstrate the following competencies: Demonstrates attention to detail. Identifies and resolves problems in a timely manner. Maintains confidentiality. Develops workable implementation plans. Demonstrates accuracy and thoroughness. Displays willingness to make decisions, exhibits sound and accurate judgment.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

Bachelor's degree (B.A.) from four-year college or university and 10 years general banking (with at least 5 years in an AML/CFT role) or regulatory agency experience. Bank Administration Institute, American Banker Association or equivalent specialized AML/CFT training.

Computer Skills

Proficient in the use of standard office and productivity software, including Microsoft Office Suite (Word, Excel, Outlook, and PowerPoint). Comfortable navigating web-based platforms, databases, and internal systems. Ability to quickly learn and adapt to new software tools and technologies relevant to the role. Strong typing, data entry, and digital communication skills required. Familiarity with Fraud/AML/CTF software, Red River Bank currently uses Verafin.

Certificates, Licenses, Registrations

ICBA Certified BSA/AML Professional or other similar certification.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Work Environment The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.