Director, Financial Crimes Investigative Unit

Job Details

Job Location SF - Sioux Falls, SD Secondary Job Location(s) Enid-Broadway - Enid, OK; OKC-Broadway - Oklahoma City, OK; Tulsa-Yale - Tulsa, OK Position Type Full Time Education Level 4 Year Degree Travel Percentage Negligible Job Shift Day Job Category Banking

Description

The Director of Financial Crimes Investigative Unit leads the strategic design, development, and oversight of robust and scalable BSA/AML/OFAC and Fraud Risk Management programs. This role ensures that policies, procedures, and controls align with evolving regulatory expectations and industry best practices. The Director will also own the third-party risk management strategy as it pertains to financial crimes for the Bank’s fintech partnerships, ensuring effective oversight of fintech partners and other third-party relationships.

PRINCIPLE DUTIES AND RESPONSIBILITIES

1. Directs, develops, and oversees comprehensive BSA/AML/OFAC and Fraud Risk Management programs, ensuring alignment with regulatory requirements, industry standards, and the Bank's risk appetite. This includes development and enforcement of policies, procedures, quality assurance programs, and employee education initiatives.
2. Develops and executes strategic plans for leveraging technology and automated surveillance solutions to enhance compliance capabilities and reduce fraud exposure. Identifies opportunities to modernize monitoring systems in support of scalable and flexible risk coverage, including for BaaS-related activities.
3. Leads the enterprise-wide BSA/AML/OFAC and Fraud Risk Management functions to ensure compliance with all applicable laws and regulations. Ensures the programs are adaptive to the unique challenges posed by the Bank’s BaaS offerings and fintech partners.
4. Oversees and directs BSA/AML/OFAC, Identity Theft, and Fraud Risk Assessments across all products, services, customers, geographies, and third-party relationships. Ensures that assessments incorporate BaaS-specific risks and are reported to executive leadership and the Board at least annually.
5. Oversees scenario development, tuning, and optimization of the Bank’s BSA/AML/OFAC and Fraud Risk Management systems. Ensures controls are tailored to address the risks associated with third-party fintech partners and non-traditional banking models.
6. Provides regular, risk-based reporting to executive management and Board committees, highlighting program effectiveness, emerging risks, and the status of initiatives, with an emphasis on third-party oversight, BaaS partnerships, and financial crime trends.
7. Builds and maintains strong relationships with internal business leaders, Legal, Compliance, Technology, and Operations to ensure enterprise-wide understanding and implementation of financial crime risk management practices. Promotes a risk-aware and solution-oriented culture, especially as it relates to fintech and BaaS channels.
8. Develops and leads the financial crimes component of the third-party risk management framework. Establishes governance and due diligence protocols for onboarding and ongoing monitoring of BaaS partners. Ensures partners maintain adequate AML and fraud controls in accordance with the Bank’s standards and regulatory obligations.
9. Partners with business lines to assess risks associated with new products, services, and third-party integrations. Ensures proactive financial crimes input in product development and fintech partner engagement processes.
10. Maintains expertise in evolving regulatory landscapes, emerging typologies, and industry trends related to financial crime and third-party risk.
11. Performs other duties as assigned.

Qualifications

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree, at minimum, required.
• 12-15 years BSA/AML compliance, fraud and/or case investigation, required.
• 7+ years related experience in financial institutions supporting fintech partner relationships, preferred.

KNOWLEDGE, SKILLS, AND ABILITIES

• Extensive understanding of BSA/AML regulatory requirements, fraud risks, and monitoring and investigation techniques.
• Strong investigative, written, and oral communication skills.
• Strong commitment to ethics, and the ability to build consensus and understand variety of issues and perspectives.
• Strong understanding of the banking industry, including bank partnerships with fintech companies.
• Management experience leading and building teams within the banking industry, including ability to act as a mentor to team members.
• Ability to engage with third parties, including auditors, regulators and fintech partners, to effectively communicate aspects of the Bank’s BSA/AML/OFAC and Fraud Risk Management programs.
• Strong teamwork skills to effectively partner with enterprise risk, business unit leaders, and other senior executives.
• Strong leadership skills, to guide organizational change and collaborate with key partners across various levels.
• Ability to simplify difficult concepts and challenges by thinking analytically.
• Ability to work in a dynamic environment, building and maintaining a network of contacts, and coordinating with several partners across the company.
• Desire to work in a collaborative environment, drive strategic direction as well as contribute day-to-day on implementing tactical solutions.
• Past experience building and maintaining key relationships across departments and functions, and establishing a culture of engagement.
• Proven ability to positively and creatively influence change and champion critical change initiatives; help others to anticipate and manage through change.