AML & Fraud Compliance Manager- Onsite OKC, OK

We are seeking a local candidate for this role! We would love to see you in our OKC office Tuesday-Thursday to experience our culture!

Bullion International Group is seeking an AML Compliance Officer to join their dynamic Accounting Team!

The AML and Fraud Compliance Manager is responsible for the design, implementation, and independent oversight of BIG's AML, Sanctions, Fraud, and Compliance Programs specific to precious metals sales, trading, minting, storage, and distribution activities.

This role ensures compliance with the Bank Secrecy Act (BSA) - Dealer in Precious Metals (DPMS) requirements, USA PATRIOT Act, OFAC sanctions regulations, FinCEN guidance, LBMA Responsible Gold/Silver Guidance, and applicable global regulatory standards.

The officer serves as the subject matter expert on financial crime risks unique to the precious metals industry, including high-value transactions, cross-border trade, politically exposed persons (PEPs), high-risk jurisdictions, and trade-based money laundering schemes.

1. Precious Metals AML Program Oversight

• Maintain a risk-based AML program tailored to precious metals operations.
• Ensure compliance with DPMS regulatory requirements under the BSA.
• Oversee Customer Identification Program (CIP), CDD, and Enhanced Due Diligence (EDD) for high-risk customers and suppliers.
• Implement risk-rating methodology specific to high-risk geographies, PEPs, cash-heavy clients, and shell entities.

2. Trade-Based Money Laundering (TBML) Controls

• Develop controls to detect over/under-invoicing, phantom shipments, and unusual premium pricing.
• Monitor structured bullion transactions and rapid resale patterns.
• Review unusual shipping routes and supply chain anomalies.

3. High-Value & Cash Transaction Monitoring

• Oversee CTR reporting (if applicable).
• Detect structuring patterns in bullion purchases.
• Review large wire transfers inconsistent with customer profile.
• Monitor vault storage and high-value physical settlement transactions.

4. Responsible Sourcing & Supply Chain Compliance

• Ensure alignment with OECD Due Diligence Guidance for Responsible Supply Chains.
• Oversee supplier due diligence and beneficial ownership transparency.
• Monitor sourcing from conflict-affected and high-risk areas (CAHRAs).
• Coordinate independent audits and third-party assessments.

5. Sanctions & Geopolitical Risk Management

• Oversee sanctions screening for customers, suppliers, intermediaries, and shipping agents.
• Implement escalation procedures for potential OFAC matches.
• Monitor geopolitical developments impacting precious metals markets.

6. Fraud Risk Management (Precious Metals Specific)

• Investigate internal inventory diversion, counterfeit bullion schemes, and price manipulation risks.
• Implement inventory reconciliation and vault access controls.
• Maintain fraud loss reporting and trend analysis.

7. Monitoring Systems & Technology Oversight

• Ensure transaction monitoring systems reflect bullion trading patterns.
• Calibrate alerts for large spot trades and unusual geographic flows.
• Maintain model validation and alert threshold documentation.

8. Risk Assessments

• Conduct annual enterprise-wide AML & Fraud Risk Assessments.
• Evaluate risks of new products including digital bullion initiatives.

9. Regulatory & Audit Liaison

• Serve as primary contact for regulators and auditors.
• Manage exam responses and track remediation efforts.

10. Board & Executive Reporting

• Provide quarterly reporting on SAR trends, fraud losses, sanctions alerts, and high-risk exposure.
• Escalate material financial crime risks to BIG leadership and its Parent.

10. Training & Culture

• Deliver AML and fraud training tailored to trading, vault, procurement, and sales teams.
• Promote ethical sourcing and zero tolerance for financial crime.

Education:

• Bachelor's degree required ; Master's can be a plus.

Experience:

• 6+ years of AML/BSA/Fraud compliance experience required
• 3+ years in senior leadership role required
• Experience in precious metals, commodities, or bullion trading strongly preferred
• Experience with global AML frameworks and cross-border compliance

Computer Skills:

• Advanced Microsoft Word, Excel, and PowerPoint skills
• Familiarity with analytical software such as SAS, Tableau, or ACL.

Certificates and Licenses:

• Maintain recognized professional certifications in risk management and compliance, particularly in BSA/AML or Fraud Required
  • Examples include:
    • Certified Anti-Money Laundering Specialist (CAMS)
    • Certified AML and Fraud Professional (CAFP)
    • Certified Fraud Examiner (CFE)

At B.I.G, our employees have access to extraordinary benefits including:

• Medical, Dental, and Vision
• Short Term Disability & Long-Term Disability
• Life Insurance
• 401K (Company matches!)
• Free Lunch every day
• Tuition Reimbursement
• College Debt Repayment
• 9 Paid Holidays
• Paid Time Off with Sell Back Option
• Paid Day off for your Birthday
• Paid Volunteer Opportunities
• Lunch and Learns
• Free Downtown Parking