Enterprise Risk and Fraud Director

Enterprise Risk and Fraud Director

Job description.

Summary
The Risk and Fraud Director is responsible for the first-line prevention strategies for enterprise fraud. This role will have responsibility for customer advocacy, ensuring alignment with the lines of business, and overall ownership of the strategic roadmap.
Key Responsibilities

• Manages all aspects of Fraud Prevention activities aligned with reduction of fraud-related losses and proactive risk assessments.
• Serves as the primary Fraud Prevention liaison with line of business and channel partners.
• Develops, maintains, and drives execution of the strategic plan and associated roadmap for the Fraud Prevention Unit
• This role will have responsibility for customer advocacy, ensuring alignment of the Fraud Prevention Unit with the lines of business, and overall ownership of the strategic roadmap.
• Additionally, this role manages a team focused on up-front controls addressing emerging risk and the Fraud Prevention Unit risk assessment process for line of business initiatives.
• Leads collaborations with cross-functional business partners for the Fraud Prevention Unit engagement in broader strategic business plans.
• Solves complex problems, by taking a broad perspective to identify solutions.
• Leads high visibility projects that require collaboration with other stakeholders to develop and implement decisions.
• Leads efforts to plan and implement fraud and financial intelligence systems.
• Demonstrates an in-depth knowledge of fraud monitoring systems and applications across multiple core areas of fraud and financial intelligence.
• Assures that the financial intelligence program is integrated into the business and technical environment.
• Leads efforts to analyze the needs of different business units and leverages specific fraud and systems knowledge to determine solutions which meet business objectives.
• Leads analysis and response efforts for financial intelligence including internal escalation and reporting.
• Ensures that appropriate Key Risk Indicators and Key Performance Indicators are in place and that tools are available to monitor and report on them.
• Creates metrics dashboards for senior management, regulators, and other groups as needed.
• Provides consulting advice across the company on financial intelligence and fraud issues.
• Stays abreast of industry, regulatory, and company changes and trends as they relate to financial services, information management, fraud, and process efficiencies; seeks out and maintains external relationships and alliances; proactively assesses the present and future impact to the enterprise; keeps executives and senior leadership informed.
• Communicates with senior management, regulators, auditors, and other stakeholders regarding financial intelligence program including status, issues, and risks.

Requirements

• Bachelor s degree in a related field and fifteen (15) years of related banking, operations, or compliance experience of which five (5) years must be in a supervisory or management capacity.
• Or High School Diploma or GED and nineteen (19) years of related banking, operations, or compliance experience of which five (5) years must be in a supervisory or management capacity.
• Experience in a senior leadership position with ownership of Fraud Prevention strategic plans.

Preferences

• Master of Business Administration (MBA)
• Five (5) years leading multi-unit teams
• Ten (10) years of fraud operations management