Financial Crimes Risk & Governance Manager

Busey Bank; Arizona; Hybrid; USD 97,734 - 127,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability

Wellness incentives

Employee assistance program

Pre-tax health savings accounts

Flexible spending accounts

Job summary

Busey Bank is seeking a Financial Crimes Risk and Governance Manager to guide design and governance of the fraud risk program. You will collaborate with Operations, Information Security, and IT to protect customers and the bank.

Lead the Fraud Risk Management team in audits, risk assessments, and implementation of real-time monitoring. Provide expert guidance on investigations and regulatory expectations, driving improvements across business lines.

Qualifications

• Bachelor's degree is required; graduate degree such as MBA or JD is preferred.
• 8+ years’ experience in bank fraud risk/analytics/operations/payments.
• 3+ years leading a fraud risk function or fraud team at a regulated institution.
• Professional certification (e.g., CFE) preferred.

Responsibilities

• Serve as the fraud prevention SME during internal audits and regulatory exams.
• Prepare the annual Fraud Risk Assessment including risk identification, control inventory, gap analysis, remediation tracking, and prioritization of enhancements.
• Collaborate with Systems & Analytics to maintain fraud risk and production metrics for leadership and the Board.
• Provide guidance on complex fraud investigations and oversee real-time transaction and behavior biometric monitoring.
• Review new products and services to measure fraud risks and design controls.
• Lead cross-functional root-cause analyses for major loss events and coordinate with Investigations to implement improvements.
• Present fraud intelligence from law enforcement and industry sources to identify emerging schemes; share updates bi-weekly with FCRM.
• Encourage participation in industry associations for visibility into threats and trends.

Skills

Fraud risk management

Analytical skills

Communication skills

Regulatory knowledge

Leadership

Education

Bachelor's degree

MBA

Juris Doctor (JD)

CFE (preferred)

Job description

Position Summary

The Financial Crimes Risk and Governance Manager is responsible for providing guidance on the design, governance, and the continuous improvement of the Busey Bank’s fraud risk management program. This role requires strong collaboration and coordination across lines of business, Operations, Information Security, and IT. The Financial Crimes Risk and Governance Manager also provide guidance and support to help the Fraud team make sound and timely risk decisions that protect Busey customers and the Bank.

Duties & Responsibilities

Serve as the Financial Crimes Risk Management’s (FCRM’s) fraud prevention subject matter expert (SME) during internal audits and regulatory exams. Prepare the annual Fraud Risk Assessment, including risk identification, control inventory, gap analysis, remediation tracking, and prioritization of enhancements. Collaborate with FCRM’s Systems & Analytics team to develop and maintain improved key fraud risk and production metrics for FCRM management, senior leadership, and the Board. Provide guidance and assistance on complex fraud investigations and internal investigations. Oversee implementation of real‑time transaction and behavior biometric fraud monitoring. Review new products and services to measure fraud risks and help design adequate controls. Conduct debriefings on major loss events and emerging schemes; coordinate cross‑functional root‑cause analysis and work with the FCRM’s Director of Investigations to prepare findings and recommend improvements. Leverage fraud intelligence from law enforcement, industry sources, and the Verafin Consortium to identify emerging schemes and trends; centralize and analyze collected intelligence; present updates at bi‑weekly FCRM meetings. Ensure members of FCRM’s Fraud team join industry and LE fraud prevention associations to gain visibility into emerging threats, broader fraud trends and early warnings. Develop a formal process for the central collection, analysis and of the gathered fraud intelligence. Present information on new fraud schemes and trends at the bi‑weekly FCRM All Hands Meeting Guide fraud prevention training, including targeted sessions for first‑line and FCRM /Risk staff, organization‑wide communications, and collaboration with Training and Marketing to promote a fraud‑aware culture across all business lines and Busey’s customer base. Support preparation of quarterly Fraud Loss updates for the Operational Risk Committee and Enterprise Risk Committee of the Board. Chair regular meetings with Fraud Investigations and Systems & Analytics to review losses, identify trends, and discuss new intelligence; collaborate on optimizing fraud detection analytics.

Education & Experience

Knowledge of: Strong organizational skills Deep working knowledge Fraud Risk Management Principles; ability to translate supervisory expectations into practical controls, metrics, and reporting. Strong analytical skills. Good oral and written communication skills Ability to: Multi-task and work independently Perform duties with attention to detail and high level of accuracy Prioritize work to meet deadlines Be highly skilled in having difficult discussions with bankers and customers regarding suspicious activity and with senior managers regarding customer relationship status This position requires the ability to assess fraud risk in current and new bank initiatives while providing easy to understand guidance to business staff and senior management Education and Training: Bachelor's degree is required; graduate degree such as MBA, JD, or specialized data science (Artificial Intelligence or Machine Learning) training is preferred 8+ years’ experience in bank fraud risk/analytics/operations/payments 3+ years leading a fraud risk function or fraud team (e.g., alert review, case investigations, governance, etc.) at a regulated institution Professional certification (e.g., CFE, etc.) preferred.

Compensation and Benefits

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $97,734 - $127,000/year) Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us.

Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short‑term and long‑term disability, wellness incentives and an employee assistance program.

In addition, eligible associates may take advantage of pre‑tax health savings accounts and flexible spending accounts.

Visit Busey Total Rewards for more information.

• 401(k) match
• profit sharing
• employee stock purchase plan
• paid time off
• medical
• dental
• vision
• company-paid life insurance and long‑term disability
• supplemental voluntary life insurance
• short‑term and long‑term disability
• wellness incentives and an employee assistance program
• pre‑tax health savings accounts and flexible spending accounts

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence.

Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.

Busey offers diverse employment opportunities - both remote and onsite in Arizona, Colorado, Florida, Illinois, Indiana, Kansas, Missouri, New Mexico, Oklahoma and Texas. We strive to place talent applicants in positions that fit both their skillset and career goals. As part of Team Busey, we promise to provide challenges that both drive your career progression and allow opportunities for growth! Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering extraordinary excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.