Fraud Risk Manager: Investigations & Controls

Madison-Davis, LLC; Silver Spring (MD); On-site; USD 120,000 - 180,000; Full time

Job summary

Madison-Davis, LLC seeks a Fraud Risk Manager to oversee the bank's fraud risk management function, including investigations, monitoring, and prevention strategy. This role provides independent second-line oversight and collaborates with fraud operations, BSA/AML, cybersecurity, legal, and technology teams.

You will lead policy development, assess emerging threats, monitor trends, and report to senior management and risk committees.

Qualifications

• Oversee fraud risk across multiple typologies including check, ACH, wire fraud and identity theft.
• Lead development and maintenance of the enterprise fraud risk policy and supporting standards.
• Monitor fraud trends and loss data to identify emerging threats and exposure.
• Support regulatory exams and audits with robust documentation.
• Collaborate with BSA/AML, cybersecurity, legal and technology teams on an integrated framework.
• Manage and develop the fraud investigations team, ensuring timely investigations and accurate reporting.

Responsibilities

• Provide independent oversight of fraud risk across channels and typologies.
• Lead investigations into suspected fraud cases and coordinate with law enforcement when needed.
• Develop and present fraud risk reporting to senior management and boards.

Skills

Fraud risk mgmt

Regulatory exams

Leadership

Vendor oversight

Education

Bachelor's degree

Tools

Verafin

Job description

Madison-Davis, LLC seeks a Fraud Risk Manager to oversee the bank's fraud risk management function, including investigations, monitoring, and prevention strategy. This role provides independent second-line oversight and collaborates with fraud operations, BSA/AML, cybersecurity, legal, and technology teams.

You will lead policy development, assess emerging threats, monitor trends, and report to senior management and risk committees.