Fraud Officer

Our European banking client is seeking a seasoned Fraud Officer & Investigator to join their U.S. team. They are looking for a compliance professional with strong investigative skills to manage fraud cases, support AML investigations, and serve as the regional point of contact for financial crime matters.

Responsible for (i) performing level 2 case handling in accordance with relevant policies and procedures, including investigating customer and related party activity to identify, document and report potentially suspicious activity to the Suspicious Activity Report (“SAR”) Working Group (“WG”), (ii) preparing SAR forms resulting from SAR WG decisions, as necessary for the TL, Head of TM&I or the TM Program Officer to file with FinCEN as necessary, (iii) preparing statistics and reports, as assigned, and (iv) performs QC on escalated automated alerts, to ensure that alert dispositioning is appropriate, complete and adequately documented.

Serves as the Fraud contact person in the region.

• Serves as the CBNA Fraud point of contact (POC) responsible for the oversight of fraud investigations involving known or suspected financial crime conduct, including such matters as employee dishonesty or misconduct involving a deliberate breach of policy or regulation.
• As the Fraud POC, reports and escalates any incidents to the Regional Head of FCP, Regional Head of TM&I, or the CBNA Regional Head of Compliance, as appropriate.
• Works with the FBCP Working Group and the regional BCP POC to develop and maintain the Regional Fraud Program consistent with global policy, including implementation of efforts to prevent, detect, and mitigate potential Fraud incidents.
• Provides input to the global Fraud policies and related processes and controls.
• Co-Leads the annual regional Fraud, Bribery and Corruption Prevention (“FBCP”) risk coverage assessment process.
• Serves as a member of the regional FBCP Working Group.
• Monitors the TM&I referral mailbox and investigates or assigns investigations of potential fraud-related incidents, as necessary, and liaises with relevant stakeholders for resolution.
• Develops and delivers training and awareness materials on Fraud topics, as assigned.
• Performs QC on escalated automated alerts, as assigned.
• Prepares and sends RFIs, as necessary.
• Prepares 314(b) requests to be sent by TL to other U.S. institutions, as necessary.
• Escalates to the TL where additional guidance is needed on how to proceed during case investigation, RFI, and/or SAR preparation processes, and works with the TL to determine whether a case can be closed or requires further escalation to the Head of TM&I and/or the SWG.
• Prepares SAR narratives, SAR forms, and collection of all supporting evidence in preparation for SAR filing.
• Where potential sanctions-related issues are identified, escalates to the TL.
• Attends and coordinates responses to the monthly GSC meeting, as assigned.
• Conducts detailed investigations on specialized cases (i.e., internal/external referrals; including line of business referrals, FCP senior management requests, 314(a) requests, 314(b) requests, CoBRA, Grand Jury Criminal and subpoenas, NSLs, other law enforcement inquiries, and adverse actions by another financial institution [i.e., payment rejection, information learned via an RFI]), as assigned.
• Prepares memos relating to special projects and reviews, as assigned.
• Acts as the US Financial Crime Unit (FCU) investigator and helps to coordinate international investigations between the US FCU and GFCU, as assigned.
• Creates the agenda and takes minutes for the US FCU/GFCU monthly discussion, as assigned.
• Acts as Secretariat of the SWG, including taking minutes and tracking of action items of the SWG. Provide all SWG minutes for inclusion into case documentation and the Case Manager for each case presented, as assigned.
• Performs daily review of AML Watchlist filter and includes any updates for the filter entries, as assigned.
• Performs additional tasks as assigned.

• BA/BS;
  Advanced degree preferred;
  Legal background a plus.
• At least 5-7 years of professional work experience within financial services; preferably in compliance.
• Strong written and oral skills.
• Ability to work independently as well as within a team environment.