Fraud Investigation Supervisor jobs in Raleigh, NC

*Position Available Due To Bankwide Growth*
*Onsite Position - Rocky Mount, NC & Raleigh, NC Available*

Position Purpose:

·        This position works with a team of investigators to provide oversight to the AML and Fraud investigation programs at our FinTech partner(s).  The mission of the team is to ensure conformity and adherence with all applicable federal and state banking laws and regulations, as well as ensure that our FinTech partner(s) has a robust Second Line of Defense that sufficiently monitors, identifies, investigates, and remediates all fraudulent activity within their account portfolio. 

Primary Responsibilities:

·        Support the designing and implementation of annual risk assessments to identify potential threats to the FinTech partner organization

·        Weekly sampling of fraud and BSA alerts – ensure FinTech partners adhere to SLA timing of large-event notifications

·        Weekly sampling of fraud and AML cases (e.g., completion timeframes, transition from fraud to AML, accuracy of financials including in case files, etc.)

·        Review case aging

·        Review AML & fraud exposure trends (e.g., rising, declining)

·        SAR reporting documentation is completed timely and accurately by FinTech Partner(s)

·        Review, approve, and submit SARs to FinCEN

·        Conduct annual Policy and Procedure Reviews of FinTech Partner(s) documentation

·        Ensure staffing levels at FinTech partners are comparable to case volumes

·        Review of overdrawn accounts (trends, charge-off process, etc.)

·        Ensure training requirements appropriate and adhered to annually 

·        AML – respond to 314a requests

·        Review FinTech partners’ OFAC testing

·        Involvement in audits or exams that require third-party oversight

·        Provide backup support to other Compliance team members

·        Remain current with regulatory updates

·        Other duties as needed

Authority, Impact, Risk:

·        Reputational and financial risks due to non-compliance

·        Lack of understanding and compliance on the part of the staff due to improper or non-existent training and incomplete/missing policies and procedures

Key Relationships:

·        Routine interaction with all FinTech department staff, Chief Compliance Officer, Internal Audit Manager, Chief Operating Officer, CFO, Managing Director of Operations and IT, and all impacted staff

·        Agency regulators (both State and Federal)

Managerial Accountability:

·        N/A

Working Conditions:

·        Ability to prepare concise reports

·        Ability to deliver information in a confident, informed manner

·        Time management to accommodate multiple deadlines, various reporting hierarchies and competing schedules

·        Ability to deliver training on numerous regulatory subjects in an informative style that ensures understanding of the subject matter

·        Ability to accurately analyze and communicate reports and findings

·        Ability to work in fast paced environment

Time Allocation:

·        Determined by BSA and Compliance self-assessments and internal/external audit results and Regulatory examination and Board schedules

Job Specifications:

Position adheres to confidentiality policy, code of ethics and knowledge of Bank Secrecy Act and best practices and other pertinent Regulatory laws and regulations.

Required:

·        Bachelor’s degree in business, finance, accounting, or a related field; OR 2 years’ experience in Banking or other financial services industry 

·        Knowledge of banking regulations (both State and Federal)

·        Strong communication skills (written and verbal)

·        Detail oriented

Preferred:

·        Prior Banking or Regulatory experience

·        CAMS – Certified Anti-Money Laundering Specialist

·        CFE – Certified Fraud Examiner

·        Familiarity with required BSA documentation

·        Understanding the impacts/finding and appropriate remediation

Risk Management Requirements:

Understands and adheres to Workplace Policies, Code of Conduct, privacy, and information security guidelines. Understands and adheres to Anti-Money Laundering, Bank Secrecy Act, and Compliance with the USA PATRIOT Act policies and procedures applicable to position, completing any supporting requirements within defined timeframes. Acts within authorized limits and delegated authorities and role applicable policies and procedures. Follows processes and controls to protect shareholder interests. Mitigates risk to the bank and customers by following all applicable security procedures.

Equal Opportunity Employer including Veterans/Disabilities