Banterra
Director of Fraud
Banterra, Marion, Illinois, United States, 62959
HYBRID REMOTE MAY BE CONSIDERED FOR THIS POSITION, WITHIN CERTAIN MILEAGE OF BRANCH LOCATION.
APPLICANT MUST BE LOCATED WITHIN 50 MILES OF BRANCH LOCATION.
SUMMARYThe Director of Fraud is crucial in protecting the bank's integrity and financial health by overseeing the bank's financial crimes related programs, including all financial fraud and compliance with Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML), Office of Foreign Assets Control (OFAC), and other related laws and regulations. This role involves the development and implementation of strategies to prevent, detect, mitigate, and respond to financial crime activities.The ideal candidate should possess a deep understanding of the financial services industry and regulatory landscape, with experience managing a team of fraud professionals and a proven track record in managing investigations into various types of financial crime. Exceptional leadership abilities are essential to guide the team through complex challenges and promote proactive risk management.The Director of Fraud significantly impacts the company by maintaining its reputation for trustworthiness and reliability. Their efforts in preventing losses from illicit activities and ensuring regulatory compliance uphold the company's commitment to operational excellence and customer protection, securing both assets and the company's esteemed industry position.All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cybersecurity, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.ESSENTIAL DUTIESDevelop, implement, and maintain strategic Fraud Management and BSA/AML policies, procedures, and processes, including but not limited to a strategic fraud risk management program, ID, Red Flag, and OFAC issues.Collaborate with teams throughout the organization to develop and execute strategies to detect, prevent, and respond to financial crimes across all banking channels.Ensure adherence to all relevant laws, regulations and internal policies related to BSA/AML/OFAC and other financial crimes.Regularly communicate the status of high-risk events, corrective actions, training status, high-risk customers, and CTR filing trends to senior and executive management as appropriate.Support internal teams regarding questions or concerns related to financial crimes, fostering a culture of learning and compliance.Conduct training and awareness activities for staff on financial crimes prevention, detection, mitigation and regulations.Stay informed of regulatory updates, laws, and industry best practices, providing research and recommendations to mitigate risk and ensure organizational compliance.Lead time sensitive investigations of financial crimes and external and internal fraud against the bank or its customers; this may include money laundering, terrorist financing, structuring, human trafficking, check fraud, fraudulent debit transactions, online fraud, forgery, theft, identity theft, elder financial abuse, and any other crime type as directed and in compliance with relevant regulations and internal policies and programs.Set performance goals, conduct regular performance evaluations, and provide consistent, constructive feedback to direct reports.Develop and maintain positive relationships with internal and external customers at all levels of the organization, collaborating with other departments as appropriate.Build awareness, understanding, and provide overall support and expertise regarding Fraud Prevention through individualized consulting, written communications, and any other appropriate methods.Analyze fraud patterns and emerging threats to continuously update the bank's fraud risk profile.Collaborate with internal teams to develop a fraud loss mitigation strategy that includes transaction monitoring, customer due diligence, and anomaly detection techniques.Implement and maintain fraud detection systems and technologies such as Verafin.Ensure timely and accurate reporting of fraud incidents to senior management and regulatory agencies.Assist in the establishment of departmental budget, monitoring costs and providing input as needed.Assume responsibility for special projects and tasks as assigned.
EDUCATION & CERTIFICATIONSBachelor's degree in Accounting, Finance, a related field, or a commensurate combination of education and experience required.A minimum of five years of experience in regulatory compliance examination, compliance auditing, or a related field required.
MINIMUM REQUIREMENTSDemonstrated understanding of ethical business principles and practices with extensive knowledge of regulatory compliance examination and compliance auditing.An analytical mindset with exceptional problem-solving abilities.Ability to interpret various ratios and relationships inherent in common or specialized financial and data-driven reports.Successful project management and strategic planning experience with a substantial record of managing projects, setting goals, developing timelines, and monitoring progress.Leadership experience and the ability to manage a team of direct reports.Excellent communication skills and the ability to communicate effectively, verbally and in writing, with internal and external customers at all levels.A positive and proactive approach to work, demonstrating enthusiasm, adaptability, and the ability to maintain composure and professionalism in stressful or adverse conditions.Confident decision-making abilities and the skill to use sound judgment about the timing of choices; particularly the ability to make informed, responsible decisions with limited information or under considerable amounts of stress.Strong critical-thinking skills and the ability to analyze potential project outcomes with the adaptability to redirect attention as needed to meet targets and deadlines.Ability to complete standard calculations and apply basic mathematical concepts in practical situations.Proficient computer literacy, including comfort with Microsoft systems and Office Suite.Intermediate typing skills to meet the needs of this position.Current driver's license and reliable transportation with appropriate insurance coverage; additionally, the ability to drive occasionally in the course of performing assigned duties and responsibilities.The ability to work with minimal or no supervision.
ADDITIONAL QUALIFICATIONSMaster's degree in Accounting, Finance, or a related field preferred.Relevant industry certifications (CAMS, CRCM, CERP, CAFP, CFE, etc.) strongly preferred.
PHYSICAL DEMANDS AND WORK ENVIRONMENTThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers; handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate.NOTEThis job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently.Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others.The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.The company is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations and other laws/regulations as applicable.#J-18808-Ljbffr
APPLICANT MUST BE LOCATED WITHIN 50 MILES OF BRANCH LOCATION.
SUMMARYThe Director of Fraud is crucial in protecting the bank's integrity and financial health by overseeing the bank's financial crimes related programs, including all financial fraud and compliance with Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML), Office of Foreign Assets Control (OFAC), and other related laws and regulations. This role involves the development and implementation of strategies to prevent, detect, mitigate, and respond to financial crime activities.The ideal candidate should possess a deep understanding of the financial services industry and regulatory landscape, with experience managing a team of fraud professionals and a proven track record in managing investigations into various types of financial crime. Exceptional leadership abilities are essential to guide the team through complex challenges and promote proactive risk management.The Director of Fraud significantly impacts the company by maintaining its reputation for trustworthiness and reliability. Their efforts in preventing losses from illicit activities and ensuring regulatory compliance uphold the company's commitment to operational excellence and customer protection, securing both assets and the company's esteemed industry position.All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cybersecurity, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.ESSENTIAL DUTIESDevelop, implement, and maintain strategic Fraud Management and BSA/AML policies, procedures, and processes, including but not limited to a strategic fraud risk management program, ID, Red Flag, and OFAC issues.Collaborate with teams throughout the organization to develop and execute strategies to detect, prevent, and respond to financial crimes across all banking channels.Ensure adherence to all relevant laws, regulations and internal policies related to BSA/AML/OFAC and other financial crimes.Regularly communicate the status of high-risk events, corrective actions, training status, high-risk customers, and CTR filing trends to senior and executive management as appropriate.Support internal teams regarding questions or concerns related to financial crimes, fostering a culture of learning and compliance.Conduct training and awareness activities for staff on financial crimes prevention, detection, mitigation and regulations.Stay informed of regulatory updates, laws, and industry best practices, providing research and recommendations to mitigate risk and ensure organizational compliance.Lead time sensitive investigations of financial crimes and external and internal fraud against the bank or its customers; this may include money laundering, terrorist financing, structuring, human trafficking, check fraud, fraudulent debit transactions, online fraud, forgery, theft, identity theft, elder financial abuse, and any other crime type as directed and in compliance with relevant regulations and internal policies and programs.Set performance goals, conduct regular performance evaluations, and provide consistent, constructive feedback to direct reports.Develop and maintain positive relationships with internal and external customers at all levels of the organization, collaborating with other departments as appropriate.Build awareness, understanding, and provide overall support and expertise regarding Fraud Prevention through individualized consulting, written communications, and any other appropriate methods.Analyze fraud patterns and emerging threats to continuously update the bank's fraud risk profile.Collaborate with internal teams to develop a fraud loss mitigation strategy that includes transaction monitoring, customer due diligence, and anomaly detection techniques.Implement and maintain fraud detection systems and technologies such as Verafin.Ensure timely and accurate reporting of fraud incidents to senior management and regulatory agencies.Assist in the establishment of departmental budget, monitoring costs and providing input as needed.Assume responsibility for special projects and tasks as assigned.
EDUCATION & CERTIFICATIONSBachelor's degree in Accounting, Finance, a related field, or a commensurate combination of education and experience required.A minimum of five years of experience in regulatory compliance examination, compliance auditing, or a related field required.
MINIMUM REQUIREMENTSDemonstrated understanding of ethical business principles and practices with extensive knowledge of regulatory compliance examination and compliance auditing.An analytical mindset with exceptional problem-solving abilities.Ability to interpret various ratios and relationships inherent in common or specialized financial and data-driven reports.Successful project management and strategic planning experience with a substantial record of managing projects, setting goals, developing timelines, and monitoring progress.Leadership experience and the ability to manage a team of direct reports.Excellent communication skills and the ability to communicate effectively, verbally and in writing, with internal and external customers at all levels.A positive and proactive approach to work, demonstrating enthusiasm, adaptability, and the ability to maintain composure and professionalism in stressful or adverse conditions.Confident decision-making abilities and the skill to use sound judgment about the timing of choices; particularly the ability to make informed, responsible decisions with limited information or under considerable amounts of stress.Strong critical-thinking skills and the ability to analyze potential project outcomes with the adaptability to redirect attention as needed to meet targets and deadlines.Ability to complete standard calculations and apply basic mathematical concepts in practical situations.Proficient computer literacy, including comfort with Microsoft systems and Office Suite.Intermediate typing skills to meet the needs of this position.Current driver's license and reliable transportation with appropriate insurance coverage; additionally, the ability to drive occasionally in the course of performing assigned duties and responsibilities.The ability to work with minimal or no supervision.
ADDITIONAL QUALIFICATIONSMaster's degree in Accounting, Finance, or a related field preferred.Relevant industry certifications (CAMS, CRCM, CERP, CAFP, CFE, etc.) strongly preferred.
PHYSICAL DEMANDS AND WORK ENVIRONMENTThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers; handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate.NOTEThis job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently.Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others.The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.The company is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations and other laws/regulations as applicable.#J-18808-Ljbffr