Commercial Fraud Line of Business and Oversight Liasion

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GENERAL FUNCTION: The Financial Crimes (FC) Officer II must have a high level of expertise within the Commercial line of business and/or fraud risk management and related regulations, guidance and best practices.  The FC Officer II Leads in the identification and assessment of fraud risk and the execution of procedures to evaluate the Bancorp's compliance with laws, regulations and industry standards. Actively engaged and readily available to implement the Bancorp's Fraud programs. Identifies, develops and executes strategies for closing gaps in performance. Works mostly self-directed, with minimal supervisory oversight. Also works within department and cross-department teams.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Participates in the analysis, update, and implementation of fraud policies, procedures, and processes.
• Analyzes data by numerous delivery channels, geographic area, product types, to identify fraud risks and develop and recommend scope or target for the review, corrective action/or gap closure. Develops and executes strategies for closing gaps or enhancing coverage.
• Develop strengthen, and/or implement department and cross-department business unit policies, procedures, and processes, as well as ensuring these are in compliance with existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education, where appropriate.
• Assists in the development of strategic fraud goals and tactical and strategic planning systems.
• Works with senior leadership to set strategic direction for the department and executes on those goals and objectives.
• Monitors fraud-related regulatory and industry developments and provides input to department and cross-department teams regarding emerging issues and interpretation of regulations.
• Communicates significant issues to senior management.
• Identifies opportunities, establishes action plans, and drives solutions to continuously improve financial crimes policies, procedures and tools, and increase efficiency.
• Assess the adequacy of the business units'/affiliates recommended corrective action to issues or gaps identified and support post-implementation validation of any implemented changes.
• Participates and/or leads regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the fraud environment.
• Recommends solutions based upon subject matter expertise. 
• Serves on various task forces or discussion groups to address fraud-related issues.
• Contribute updates to the fraud risk assessment.
• Facilitates, leads, or assists with fraud training.
• Assists in the review of new products and services for financial crimes risk.
• Contributes or leads the completion of special projects related to fraud.
• Builds industry relations through industry networking.
• Areas of fraud responsibility may include tools and processes used internally by fraud teams or line of business processes and tools.

BANK SECRECY ACT REQUIREMENTS: Responsible for adhering to the reporting and record keeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank’s customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

SUPERVISORY RESPONSIBILITIES: May be responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Strong sub