Sr. Manager Financial Crimes Governance

Varo Bank; New York (NY); On-site; USD 170,000 - 210,000; Full time

Job summary

Varo Bank is seeking a Senior Manager of Financial Crimes Governance to oversee AML/CFT and Fraud governance and lead the second-line FCRM Testing function. You will report to the Director of Financial Crimes Governance and drive proactive risk management across the bank’s financial crimes framework.

The role emphasizes building partnerships across Fraud Strategy, Operations, and Investigations, maintaining risk assessments, KRIs, and communicating findings to executive leadership.

Qualifications

• 7+ years in financial crimes risk management within banking.
• 3+ years direct people management of risk or compliance teams.
• Deep expertise in AML/CFT and Fraud governance frameworks and regulations.
• Experience developing second-line compliance or FCRM testing programs.
• Strong analytical use of data to evaluate risk and measure control effectiveness.

Responsibilities

• Provide second-line oversight and challenge on Fraud and AML/CFT governance.
• Oversee the second-line FCRM Testing Plan across controls.
• Stay informed on regulatory developments and emerging risks in financial crimes.
• Maintain enterprise risk assessments and identify control gaps.
• Establish KRIs and report gaps to leadership and executives.
• Collaborate with Fraud Strategy, Operations, and Investigations to adapt controls.

Skills

Analytical skills

Data-driven risk assessment

Stakeholder influence

Communication skills

SQL knowledge

Tools

GRC tools

Job description

Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.

About The Role

Varo’s Financial Crimes Risk Management (FCRM) Team is composed of forward-thinking, creative, and enthusiastic individuals dedicated to safeguarding Varo, our customers, and the financial sector from misuse. We are looking for a Senior Manager of Financial Crimes Governance to oversee both AML/CFT and Fraud Governance, and lead the second-line FCRM Testing function. Reporting to the Director of Financial Crimes Governance, this role is responsible for executing an effective second-line oversight framework, partnering with first-line business units, and ensuring proactive risk management across Varo’s financial crimes strategy.

How You'll Make An Impact

• Provide comprehensive second-line oversight and effective challenge on Fraud and AML/CFT prevention and governance activities
• Oversee the execution of the Bank’s second-line FCRM Testing Plan, ensuring robust coverage across financial crimes controls
• Stay abreast of industry trends, regulatory developments, emerging risks, and technological advancements in financial crimes prevention
• Maintain enterprise Fraud and AML/CFT risk assessments to identify control gaps and recommend enhancements
• Establish and monitor key risk indicators (KRIs) and metrics; articulate gaps and reporting directly to leadership and executive management
• Partner cross-functionally with Fraud Strategy, Operations, and Investigative teams to integrate emerging threats into strategy and controls
• Support engagement with Internal Audit and bank regulators on financial crimes governance and testing matters
• Manage and track issue remediation efforts using GRC tools, providing updates to the Director of Financial Crimes Governance and executive leadership

The Skills And Experiences You'll Bring

• 7+ years of experience in financial crimes risk management, including both first-line operational and second-line oversight roles within banking
• 3+ years of direct people management experience, with a track record of leading and developing high-performing risk or compliance teams
• Deep subject matter expertise in both AML/CFT and Fraud governance frameworks, regulations, and best practices
• Proven experience developing, managing, and executing second-line compliance or FCRM testing programs
• Strong analytical skills with proficiency in leveraging data to evaluate risk, measure control effectiveness, and drive preventative strategy, SQL knowledge a plus
• Demonstrated ability to build strong cross-functional partnerships and effectively influence stakeholders across the organization
• Excellent written and verbal communication skills, with experience presenting complex risk topics to executive management and key partners
• High degree of accountability, self-direction, and ability to manage competing priorities in a fast-paced environment

For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

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