Head of Financial Crimes and Fraud

The Head of Financial Crimes and Fraud leads the bank's comprehensive Financial Crimes Risk Management program, including oversight of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) function, second-line fraud prevention, and Quality Assurance (QA). This high-impact leadership role requires a balance of strategic oversight, regulatory expertise, and cross-functional collaboration ensuring the bank complies with all applicable laws and leading a high-performing team . While the BSA/AML Officer reports to this position administratively, the BSA/AML Officer retains the authority, independence, and direct access to the Board of Directors, CEO, and Chief Risk Officer required by federal regulations to effectively discharge their BSA/AML compliance responsibilitie s. This position ensures the Bank maintains a coordinated, integrated and effective risk management framework and meets all regulatory obligations related to fraud prevention and financial crimes complia MAJOR DUTIES AND RESPONSIBILI Second Line Leadership & Risk Over sightLead and manage three second line functions providing independent oversight and challenge to first line fraud prevention and financial crimes con trolsDevelop and execute comprehensive risk-based strategies for fraud oversight and financial crimes compliance aligned with the bank's risk appetite and regulatory require mentsAssess the design and operating effectiveness of first line controls across all business lines, channels, and product offe ringsChallenge first line risk-taking activities and elevate concerns regarding control deficiencies, emerging risks, or risk appetite bre achesEstablish and monitor key performance and risk indicators, metrics, and reporting frameworks to provide enterprise-wide visibility into fraud and financial crimes Quality Assurance FunctionLead the independent quality assurance function that performs risk-based quality assurance of both BSA/AML and fraud f unctionsDevelop annual risk-based QA testing plans covering transaction monitoring alert/case disposition, SARs, CTRs, fraud case ma nagementEnsure QA findings are appropriately documented, rated, and tracked through rem ediationValidate that corrective actions address root causes and prevent re currenceEnsure QA activities support, rather than impede, the BSA/AML Officer's independence and a Regulatory Compliance & Exa minationsMaintain current knowledge of evolving BSA/AML regulations, fraud-related guidance, and regulatory expectations from FinCEN, OCC, FDIC, Federal Reserve, and other applicable agenciesServe as senior liaison with regulators during examinations related to fraud and financial crimes, coordinating responses and managing examination logistics in partnership with the BSA/AM L OfficerOversee timely and accurate regulatory reporting and filings through the BSA/AM lteranceEnsure the BSA/AML program maintains effective controls for customer due diligence, suspicious activity monitoring and reporting, currency transaction reporting, and OFAC sanctions scr eeningOversee the development and annual refresh of the Bank's BSA/AML risk asse ssmentProvide senior-level review and strategic guidance on complex or escalated Suspicious Activity Reports while respecting the BSA/AML Officer's ultimate filing aut horityEnsure the BSA/AML program adapts to evolving regulatory expectations, emerging typologies, and changes in the bank's risk p rofileManage relationships with transaction monitoring system vendors and oversee system optimization and agementOversee the second line fraud risk management function, providing independent assessment of fraud prevention, detection, and response capabilities across the ent erpriseEvaluate the effectiveness of fraud controls spanning wire, ACH, card, check, digital banking, and emerging payment c hannelsMonitor fraud loss trends, velocity, and patterns; challenge first line on control enhancements and risk mitigation str ategiesAssess fraud risk in new products, services, channels, and partnerships before impleme ntationOversee the Bank's fraud risk appetite framework and elevate breaches or concerning trends Governance & Risk ReportingChair or participate in governance committees related to fraud risk and financ ial crimesProvide regular risk reporting to the Chief Risk Officer, executive leadership, and Board Risk Committee on fraud and financial crimes exposure, trends, and program eff ectivenessFacilitate the BSA/AML Officer's direct reporting to the Board of Directors (or designated Board committee) at least annually, and more frequently as circumstanc es requireManage issue remediation processes, ensuring timely closure of audit findings, regulatory issues, and internal control de ficienciesDevelop and maintain policies, procedures, and standards for fraud and financial crimes risk management, ensuring BSA/AML policies reflect the Officer's authority and in DevelopmentBuild, lead, and develop high-performing second line teams with deep technical expertise in fraud risk, BSA/AML compliance, and qualit y assuranceAny other tasks as needed commensurate with the ro #J-18808-Ljbffr Madison-Davis, LLC