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Director Chief Fraud Officer
TCF Bank
Plymouth, MN, United States
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Description
Position Summary
The Director, Chief Fraud Officer is responsible for developing and implementing policies, methodologies and a formalized framework for fraud prevention, detection, deterrence, and reporting with the goal of minimizing TCF’s exposure to fraud risk.
Major Areas of Accountability
A. Create and maintain enterprise-wide operational fraud risk framework, policy, and standards. Work with management and staff across the organization to ensure understanding and implementation of new fraud risk policies and procedures. Ensure adherence to the risk management framework in the identification, assessment, mitigation, control and monitoring of fraud risk.
B. Build relationships with business areas, and partner with them to develop and implement applicable qualitative and quantitative risk management tools and processes. Ensure the business proactively utilizing process risk analysis techniques to identify fraud risks for products, processes & projects.
C. Oversee the development of processes, controls and metrics that ensure successful fraud risk identification and mitigation. Assist the business in developing effective risk monitoring mechanisms such as mitigating controls, Key Risk Indicators (KRI), and control sample testing.
D. Provide expert advice to the business in terms of ensuring the fraud risk framework is effectively utilized within the business aligned to industry best-practice.
E. Assist in the assessment of the adequacy of the fraud risk management program in meeting TCF business goals, industry best practices and regulatory requirements. Identify fraud risk management changes and tools needed to maintain a robust program; develop and implement enhancements to the program.
F. Work with functional and other support areas to develop ongoing mandatory and supplemental training programs to ensure enterprise-wide awareness and understanding fraud risk management issues.
G. Facilitate the analysis and reporting of fraud risk issues and solutions to management, internal audit, compliance, various internal committees, the Board and regulators.
Minimum Qualifications
Education
Required:
• Bachelor’s degree in Business, Finance or related field or equivalent work experience
Preferred:
• Master’s degree in Business or Finance or related field
Required Work Experience / Skills
• 15+ years’ fraud risk management experience within the financial services industry.
• 5-10 years’ relevant business/function experience, including experience within business/function operations.
• Demonstrated leadership presence and ability to delivery professional-level presentations to executive management, industry groups and Board members, including proven experience dealing with regulators.
• Highly organized; excellent follow-through and ability to manage multiple projects and deadlines.
• Experience and ability to challenge the status quo and lead as a change agent.
• Advanced communication skills with the ability to interact with all levels of the organization.
• Highly self-motivated, independent thinker and articulate.
• Collaborative and solution oriented.
• Fraud technology solution implementations, including new and emerging technology knowledge.
• Perform supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing staff.
Preferred Work Experience / Skills
Certified Fraud Examiner (CFE)
Certified AML and Fraud Professional (CAFP)