Financial Crimes Risk & Governance Manager

Busey-Bank-2; Arizona; On-site; 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

Job summary

Busey Bank seeks a Financial Crimes Risk and Governance Manager to lead the design, governance, and improvement of the bank’s fraud risk program. You will collaborate across lines of business, Operations, Information Security, and IT to guide risk decisions and protect customers and the bank.

The role requires strong analytical and comunicational skills, 8+ years in fraud risk/analytics, and experience leading a fraud function at a regulated institution.

Qualifications

• Bachelor's degree required; MBA/JD 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 with risk identification, control inventory, gaps, remediation and prioritization.
• Collaborate with Systems & Analytics to develop fraud risk metrics for leadership and Board.
• Provide guidance on complex investigations and oversee real-time fraud monitoring implementations.
• Review new products/services to measure fraud risks and design controls.
• Lead cross-functional root-cause analyses on major loss events and report improvements.

Skills

Fraud risk management

Regulatory examinations

Auditing and controls

Data analysis

Cross-functional collaboration

Communication

Leadership

Education

Bachelor's degree in Finance/Accounting/IT

MBA or JD preferred

Tools

Verafin Consortium

BI tools

RegTech/Analytics software

Job description

Position SummaryThe 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 & ResponsibilitiesServe 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 MeetingGuide 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 & ExperienceKnowledge of:Strong organizational skillsDeep 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 skillsAbility to:Multi-task and work independentlyPerform duties with attention to detail and high level of accuracyPrioritize work to meet deadlinesBe highly skilled in having difficult discussions with bankers and customers regarding suspicious activity and with senior managers regarding customer relationship statusThis 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 managementEducation and Training:Bachelor's degree is required; graduate degree such as MBA, JD, or specialized data science (Artificial Intelligence or Machine Learning) training is preferred8+ years’ experience in bank fraud risk/analytics/operations/payments3+ 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.) preferredCompensation and BenefitsSalary 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.Equal OpportunityBusey 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.Unsolicited ResumesBusey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.