Director, BSA & Fraud (2479)

Description

At SDFCU, we are committed to attracting and retaining top talent to ensure our continued success. Our tradition of exceptional service extends not only to our members but also to our employees. Through comprehensive internal training and workshops, we nurture professional strengths and provide ample opportunities for career advancement. Are you ready to join our dynamic team? We offer competitive salaries, exceptional health, dental, and vision insurance within the first 30 days of employment, a matched 401(K) plan with up to 4% SDFCU contribution, and much more.

Benefits And Perks Of SDFCU Include

• Diversity and Inclusion: Work in an environment that values and respects all team members
• Paid Holidays: Enjoy 12 paid holidays a year, including your birthday
• Flexible Work Options: Potential work-from-home options after the introductory period
• Generous Paid Time Off: Ample vacation and personal days to maintain a health work-life balance
• Tuition Reimbursement: Support for your ongoing education and career development
• Commute/Parking Incentives: Financial incentives for your daily commute
• Comprehensive Insurance: Access to excellent medical, dental, and vision insurance packages
• Gym Reimbursement: Stay healthy with our gym membership reimbursement program
• Team Bonding: Participate in company and team bonding events that foster a collaborative work environment
  
  

Join us at SDFCU and be part of a team that values excellence, innovation, and professional growth.

State Department Federal Credit Union is seeking a Director, BSA & Fraud to lead the Credit Union’s Loss Prevention, Fraud Prevention, Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) programs to safeguard members, protect the brand, and reduce operational losses by preventing fraud and minimizing member impact.

The Director, BSA & Fraud oversees all BSA/AML, OFAC, and fraud prevention functions, serving as the designated BSA and OFAC Officer. This role manages compliance programs under the BSA, USA PATRIOT Act, AML Act, and OFAC regulations, including transaction monitoring, fraud claims, SAR and CTR filings, and help desk operations. The Director leads staff, delivers training, reports to senior management, manages budgets, strengthens loss-prevention controls, and maintains vendor relationships. Success is measured by loss performance, detection and response effectiveness, regulatory compliance, and continuous control improvement validated through audits and exams.

Essential Duties And Responsibilities

• Design, implement, and continuously improve BSA/AML, OFAC, and fraud programs in partnership with the VP, Risk Management; ensure compliance is embedded across operations.
• Set annual plans, goals/KPIs, staffing, and budget; maintain policies and control standards aligned with Credit Union strategy.
• Maintain and evolve the financial crimes technology stack; enable real-time interdiction and adaptive risk scoring through analytics and data aggregation.
• Monitor emerging risks and regulatory changes; lead risk assessments and support audits and exams to ensure compliance.
• Deliver concise reports to senior leadership on alerts, trends, losses, member impact, and risk insights.
• Provide oversight and consultation on initiatives, products, and vendor integrations to ensure “controls by design.”
• Manage BSA/AML and fraud vendors per the Vendor Management Program, including performance and remediation.
• Hire, coach, and manage performance for BSA & Fraud staff; ensure clear roles and accountability.
• Direct investigation and resolution of fraud claims with strong member experience and regulatory compliance.
• Serve as final reviewer for SARs, CTRs, and other BSA reports; ensure accurate, timely filing to FinCEN.
  
  

Qualifications

Required Skills and Competencies:

• Bachelor’s degree in finance, Business Administration, Criminal Justice, or a related field or equivalent experience.
• Minimum of 7-10 years of experience in BSA/AML compliance and fraud prevention, with at least 5 years in a leadership role.
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner) are highly desirable.
• In-depth understanding of BSA, AML, OFAC, USA PATRIOT ACT, and related regulations, fraud prevention techniques, and industry best practices.
• Excellent analytical, problem-solving, and data-driven decision-making skills.
• Strong communication and interpersonal skills, with the ability to effectively communicate complex regulatory requirements to non-technical stakeholders.
• Experience in the financial services industry, ideally within credit unions.
• Proven ability to design, implement, and sustain BSA and Fraud programs that effectively mitigate financial crimes.
• Strong track record in building high-performing teams, driving change, and influencing cross-functional stakeholders.