Fraud and Financial Crimes Officer

SUMMARY :

We are excited to announce the launch of our new Fraud and Financial Crimes Program, and we are looking for a seasoned professional to lead its establishment and growth. This role is pivotal in developing, delivering, and managing a comprehensive and centralized fraud prevention, detection, and investigation program from the ground up.

The salary for this role will be between $64,833 and $94,656. Salary dependent on several factors including but not limited to applicant's skills and prior relevant experience. Position eligible for healthcare benefits, 401K plan, short term & long-term disability coverage, life insurance, vacation & sick time, educational assistance, and several holidays.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Spearhead the creation and implementation of our new Fraud and Financial Crimes Program, ensuring robust frameworks are in place for fraud prevention, detection, and investigation.
• Lead and fully develop an evolving fraud program, providing strategic direction and oversight to ensure its success and adaptability to emerging threats.
• Critically analyze existing controls and procedures, identifying opportunities for enhancement and implementing necessary changes to strengthen the program.
• Leverage technology and research capabilities to assist with fraud detection.
• Conduct thorough investigations into both successful and attempted fraud incidents,
• Use insights gained to recommend procedural or systemic enhancements to prevent future occurrences.
• Work directly with relative stakeholder groups at the bank to maximize their respective fraud tools/practices, as well as discover new tools to help them and the bank in these duties.
• Apply applicable regulations and laws (such as Regulation CC, Regulation E, etc.) to help protect the bank and its customers from lost funds due to fraudulent transactions.
• Develop fraud policies and procedures.
• Help prepare the bank for the impending rollout of FedNow money transfers to ensure the bank and its customers can be well protected; including processes for identifying and disputing legitimate fraud claims that may arise from this service.
• Prepare comprehensive board reports related to fraud, including the annual Red Flag Board Report and the Red Flag/ID Theft risk assessment.
• Establish and maintain reporting tools for the regular assessment and review of the frequency, volume, and dollar amounts lost and saved due to fraud attacks on the bank and its customers.

Additional duties and responsibilities: Other duties may be assigned.

• Participates in and completes training objectives with passing scores.
• Independently completes tasks assigned.
• Follow all Riverview policies and procedures.
• Maintain current knowledge on applicable emerging fraud risks and regulatory information.

RELATIONSHIPS

• Frequent contact with Supervisor to ensure strategic alignment, oversight, resource allocation, risk management, regulatory compliance, accurate reporting, problem-solving, and performance feedback for the successful development and implementation of the fraud program.
• Frequently confer with fellow employees and other departments in aiding and coordination of related activities.
• Contact with representatives from various vendors, State and Federal examiners, and Board of Directors.

EDUCATION and/or EXPERIENCE:

Bachelor's degree (B. A.) or equivalent from an accredited four-year college or technical school; and four or more years related experience and/or training; or equivalent combination of education and experience of 4-7 years in fraud and financial crimes field.

SKILLS:

• Proven experience in developing and managing fraud programs.
• Strong analytical skills with the ability to evaluate and improve existing systems.
• Expertise in fraud detection, prevention, and investigation.
• Excellent leadership and project management abilities.

CERTIFICATES, LICENSES, REGISTRATIONS: Certified Fraud Examiner (CFE) designation preferred.

Riverview Bank does not accept unsolicited resumes from any third party staffing agencies and/or search firms for any job postings .

Third parties are not authorized to submit profiles, applications, or resumes to this site or to any Riverview Bank employee. Any such submissions, Riverview Bank will not be responsible for any fees related to unsolicited resume submissions without written consent from the Talent Acquisition Team. Including, but not limited to the candidate hired for a position.

Riverview Bank is an equal opportunity employer and affirmative action employer committed to a diverse and inclusive workforce. Applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), age, sexual orientation, national origin, marital status, parental status, ancestry, disability, gender identity, veteran status, genetic information, other distinguishing characteristics of diversity and inclusion, or any other protected status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)