VP, Financial Crimes

Description

VP, FIU will be a critical Second Line of Defense (2LOD) leader reporting to the Head of Enterprise Risk Management (ERM). The role is responsible for establishing, maturing, and owning an independent Financial Intelligence & Financial Crimes Risk Function covering Fraud and BSA/AML/OFAC. The function’s mission is to set enterprise risk strategy, policy, risk appetite, standards, and governance; independently oversee, challenge, and test First Line of Defense (1LOD) fraud prevention, detection, investigation, and recovery activities, as well as BSA/AML/OFAC compliance programs; and provide transparent, risk based reporting to the CRO, Enterprise Risk Management Committee (ERMC), Board Risk Committee, and Board of Directors. Here's what you can expect from the job and what you need to be successful: Job Duties

• Own the enterprise Financial Crimes Risk Management Framework, including Fraud and BSA/AML/OFAC policies, standards, taxonomies, and governance structures.
• Define, maintain, and monitor Financial Crimes Risk Appetite Statements, limits, thresholds, escalation triggers, and support KRIs/KPIs.
• Independently challenge and approve material 1LOD program designs, control changes, model strategies, and new product or change initiatives with financial crimes exposure.
• Chair and participate in fraud and financial crimes governance forums; escalate material risks, limit breaches, and issues through established ERM governance structures.
• Serve as an enterprise subject matter expert for fraud, BSA/AML, OFAC, payments risk, and digital financial crimes.
• Independently monitor, test, and validate the design and operating effectiveness of fraud, payments, and BSA/AML/OFAC controls.
• Oversee governance and quality assurance for regulatory-required processes including transaction monitoring, sanctions screening, CTR filing, and SAR quality.
• Perform thematic reviews, control testing, scenario analysis, and gap assessments across financial crimes processes.
• Validate issue management activities including root cause analysis, corrective action plans, and remediation effectiveness; ensure timely closure of recurring issues.
• Provide independent oversight and challenge across major fraud domains
• Oversee fraud and BSA/AML/OFAC analytics, rules-based strategies, and machine learning models, including governance over tuning, thresholds, and performance monitoring.
• Partner with Model Risk Management on validation, lifecycle governance, and regulatory alignment of financial crimes–related models.
• Provide independent oversight of data quality, lineage, feature stability, and model drift impacting financial crimes monitoring.
• Define financial crimes due diligence, onboarding, and ongoing monitoring requirements for vendors and fintech partners.
• Review partner SLAs/KPIs, alert and case handoffs, escalation protocols, and control guardrails.
• Coordinate with Third-Party Risk Management on criticality assessments, concentration risk, and exit strategies.
• Produce enterprise-level financial crimes risk reporting for the CRO, Enterprise Risk Management Committee, Board Risk Committee, and Board of Directors.
• Lead and coordinate financial crimes–related regulatory exams, inquiries, and supervisory interactions in partnership with Compliance and Legal.
• Maintain exam-ready documentation and oversee regulatory issue tracking, response, and closure validation.
• Partner with Compliance and the BSA Officer on annual BSA/AML risk assessments, regulatory change monitoring, and UDAAP alignment.
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential function

Essential Skills

• 10+ years’ relevant experience within enterprise financial intelligence and risk
• 8+ years as a people leader, leading a diverse team including hiring, coaching and performance management
• Deep expertise with relevant laws, rules, and guidance (e.g., AML/CTF expectations, suspicious activity reporting, records management) and experience supporting exams/audits
• Expert knowledge in customer identity verification, transaction monitoring, alerting, and investigative practices.
• Experience with case management systems, identity tools, monitoring platforms, model governance, and analytics for tuning and effectiveness.
• Strong analytical and reporting capabilities; ability to articulate risk insights at the Board/executive level.
• Experience collaborating with fraud, Compliance, ERM, audit, model risk, and technology teams.
• Required Education : Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree), advanced degree preferred.

Location: Hillsboro, OR 97124 | Marlborough, MA 01752 | (HYBRID) Target Compensation: $220k - $260k + Annual Bonus Benefits options include:

• Traditional medical, dental, and vision coverage
• 401K matching up to 5% per pay period
• Flexible Time-Off (FTO) 
• 11 Paid Holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)

What makes First Tech different? Click  here to learn more! First Tech is not currently offering Visa transfer/ sponsorship for this position #LI-KW1