Security & Fraud Risk Leader

Retail Region 2 Administration; Wakefield (MA); On-site; USD 86,000 - 141,000; Full time

Benefits offered by this job

Benefits package

Retirement plan

Job summary

Eastern Bank is seeking a Security and Fraud Risk Management Manager to lead the second line of defense for security and fraud risk. You will partner with Physical Security, Facilities, Fraud Operations, and business units to ensure risk controls are effective and compliant with regulatory requirements.

You will evaluate control effectiveness, perform risk assessments, monitor emerging threats, and report insights to senior management and governance committees.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Criminal Justice, Risk Management, Security Management, Cybersecurity, or a related field required.
• Master’s degree preferred.
• Professional certifications such as CPP, PSP, CFE, CRCM, CAMS, CISSP, or equivalent preferred.

Responsibilities

• Lead the Security and Fraud Risk Management second line of defense function and ensure compliance with applicable regulatory requirements, including the Bank Protection Act and Red Flags Program requirements.
• Conduct and oversee fraud and security risk assessments, control effectiveness reviews, thematic reviews, and monitoring activities to identify, assess, and mitigate risks across the organization.
• Provide independent oversight, review, and effective challenge of first line Physical Security, General Services/Facilities, Fraud Operations, and related business unit programs to assess the effectiveness of risk management processes and controls.
• Monitor emerging fraud schemes, criminal activity, physical security threats, and industry trends; recommend enhancements to controls, processes, technologies, and governance frameworks to strengthen risk management capabilities.
• Develop and deliver meaningful risk reporting, key risk indicators, and executive-level insights to senior management, risk committees, and other stakeholders.
• Ensure physical security standards and related safety and security programs are operating effectively and aligned with regulatory requirements, corporate policies, and industry best practices.
• Support internal audits, regulatory examinations, issue management activities, and remediation efforts; ensure findings are appropriately tracked, escalated, and resolved.
• Leverage Archer and other governance, risk, and compliance tools to facilitate risk assessments, issue management, reporting, and second line oversight activities while promoting continuous improvement of security and fraud programs.

Skills

Fraud risk management

Physical security

Operational risk management

Enterprise risk management

Governance frameworks

Regulatory knowledge

Analytical thinking

Effective communication

Executive presentation

Risk assessment

Education

Bachelor's degree in Finance/Business/Criminal Justice/Risk Management/Security Management/Cybersecurity

Master’s degree

Professional certifications (CPP/PSP/CFE/CRCM/CAMS/CISSP)

Tools

Verafin

Archer

Microsoft Office

Job description

Eastern Bank is seeking a Security and Fraud Risk Management Manager to lead the second line of defense for security and fraud risk. You will partner with Physical Security, Facilities, Fraud Operations, and business units to ensure risk controls are effective and compliant with regulatory requirements.

You will evaluate control effectiveness, perform risk assessments, monitor emerging threats, and report insights to senior management and governance committees.