Job Description

The Fraud SAR Director with AML Analysis & Process Oversight, will report to the Head of Financial Intelligence Unit (FIU) within AML Compliance and will be accountable for leading and overseeing the Fraud SAR operations team, the fraud referral process, and related Suspicious Activity Reports (SAR) providing end-to-end BSA / AML oversight from fraud detection / identification to SAR filing. Oversees the Fraud SAR team operations to minimize the company’s exposure to risk, including creating and managing fraud referral and SAR metrics, monitoring fraud trends, oversight of team QC/QA, RCSA, exams and audit. Responsible for Fraud SAR related procedures and training materials. Facilitates partnerships with business leaders on IT projects, fraud detection, fraud referrals, and fraud trends. Continuously oversees and evaluates the fraud referrals and Fraud SARs program to ensure alignment to BSA / AML policies/procedures and regulatory expectations while anticipating changes in the industry, market, and regulatory environment. Leads expanded BSA / AML oversight of the Fraud Operations Teams to ensure potential suspicious activity is identified and referred timely for SAR consideration, providing continuous reporting to Management. Accountable for daily team oversight including team administration, fraud referral and SAR metrics service level agreement reporting, support fraud internal/external SARs reviews/approvals/escalations and direct oversight on sales integrity and insider SAR program. Provides expanded BSA / AML end-to-end oversight of the Lines of Business and the Fraud Operations team providing BSA / AML related input on fraud detection/prevention strategies, issues/escalations/action drivers, fraud trends, fraud models, fraud key data elements, fraud identification-to-referral to AML to ensure comprehensive and timely suspicious activity reporting. Partners with business leaders from Fraud Operations, Lines of Business, and IT on projects related to fraud detection identification, fraud referrals and fraud SAR. Leads and oversees activities related to QC/QA, RCSA, ongoing compliance testing and for internal audit exams, state and federal regulatory exams, and supervision including consolidation of findings, remediations and management reporting. Provides SME support on fraud and fraud internal/external SARs to Lines of Business and informs AML compliance management team. Drafts, develops, maintains, and enhances fraud SAR related procedures, training materials, metric reporting, and performance tracking. Requirements include Bachelor's Degree or equivalent work experience in relevant fields, 9+ years experience in US banking industry & Financial Crime, experience at a large US National Bank including Fraud/AML Investigation Management, subject matter expertise in Bank Secrecy Act, Anti-Money Laundering, USA Patriot Act, OFAC and other regulations, advanced knowledge of Financial Services rules and regulations, advanced Microsoft Excel and project management skills, strong leadership and communication skills, and ability to handle multiple priorities in a fast-paced environment.

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