Head of Financial Crimes Risk & BSA/AML Strategy

Live Oak Bank; Wilmington (NC); Presencial; USD 221.000 - 293.000; Jornada completa

Descripción de la vacante

Live Oak Bank, a digital bank serving small business owners, seeks a Chief Risk Officer to lead the Financial Crimes Program and BSA/AML compliance. You will collaborate with executives, regulators, and cross-functional teams to ensure risk-based compliance and responsible growth in a dynamic banking environment.

Responsibilities include shaping strategy, maturing risk management frameworks, and overseeing governance and reporting to the Board while overseeing OFAC sanctions and fraud risk

Formación

• Bachelor's degree in a related field or equivalent practical experience.
• 10+ years of progressive experience in financial crimes, BSA/AML, fraud risk management, sanctions compliance, risk management, or related disciplines within financial services.
• 5+ years of leadership experience managing teams, leaders, or multiple functional areas.
• Experience operating within a three-lines-of-defense risk management framework and partnering across business, risk, compliance, legal, audit, and technology stakeholders.
• Experience interacting with regulators, auditors, executive leadership, governance committees, and Board-level stakeholders.
• Strong knowledge of BSA, AML, OFAC, USA PATRIOT Act, FinCEN requirements, customer due diligence expectations, federal banking regulations, and enforcement trends.
• Experience overseeing financial crimes programs, governance processes, risk assessments, issue remediation, technology platforms, monitoring systems, reporting tools, data analytics, and regulatory examinations.

Responsabilidades

• Set and execute the strategic vision, priorities, and roadmap for the Financial Crimes Program.
• Lead and develop Financial Crimes leaders and teams, fostering accountability, collaboration, continuous improvement, and professional growth.
• Oversee the continued maturity of the Financial Crimes Risk Management Framework, ensuring it remains scaled to the Bank's size, complexity, growth strategy, and risk appetite.
• Ensure financial crimes risks associated with new products, services, technologies, customer segments, third-party relationships, and strategic initiatives are identified, assessed, escalated, and addressed through established governance processes.
• Represent Financial Crimes in governance committees, regulatory examinations, audits, and enterprise initiatives, while maintaining effective relationships with regulators, auditors, law enforcement, and industry partners.
• Promote effective use of technology, analytics, reporting, and third-party solutions to strengthen financial crimes risk management and program effectiveness.
• Provide clear reporting and insights to executive leadership, governance committees, and the Board on key risks, program effectiveness, emerging threats, trends, and remediation activities.
• Serve as the Bank's designated BSA Officer and oversee the effectiveness of the BSA/AML compliance program, including governance, transaction monitoring, suspicious activity reporting, customer due diligence, and related regulatory obligations.
• Oversee the Bank's OFAC and sanctions compliance program, including sanctions governance, screening processes, regulatory developments, and emerging sanctions-related risks.
• Provide strategic oversight of the Fraud Risk Management Program, including governance, first-line fraud control effectiveness, monitoring activities, and risk mitigation strategies.
• Partner with Fraud leadership and other stakeholders to identify emerging threats, significant trends, control weaknesses, and opportunities to strengthen prevention and detection capabilities.

Conocimientos

Leadership

Regulatory knowledge

BSA/AML expertise

Financial crimes risk management

Cross-functional collaboration

Educación

Bachelor's degree in Business, Finance, Accounting, Criminal Justice, Risk Management, or related field

Descripción del empleo

Live Oak Bank, a digital bank serving small business owners, seeks a Chief Risk Officer to lead the Financial Crimes Program and BSA/AML compliance. You will collaborate with executives, regulators, and cross-functional teams to ensure risk-based compliance and responsible growth in a dynamic banking environment.

Responsibilities include shaping strategy, maturing risk management frameworks, and overseeing governance and reporting to the Board while overseeing OFAC sanctions and fraud risk