Financial Crimes Officer

Description

Bring your investigative expertise to Lake Ridge Bank as a Financial Crimes Officer, where you’ll serve as a key resource in the Bank’s efforts to identify, investigate, and mitigate fraud and financial crime risks. You’ll take on complex investigations, analyze emerging trends, administer legal processes, support AML/CFT investigations, and partner across the organization to provide meaningful fraud-risk insights. This role is ideal for an experienced professional who thrives on critical thinking, collaboration, and getting to the heart of complex financial activity.

Fraud Investigations and Risk Management:

• Conduct complex investigations involving fraud, suspicious activity, elder financial exploitation, account takeover, identity theft, and other financial crimes.
• Gather, analyze, and document information to support investigative findings and corrective actions.
• Coordinate with business units, law enforcement, peer institutions, and external partners regarding investigations and recovery efforts.
• Identify fraud trends, emerging threats, control weaknesses, and financial crime risks affecting the Bank and its customers.
• Provide subject matter expertise regarding fraud prevention, detection, investigation, and recovery efforts.

Fraud Analytics and Reporting:

• Monitor fraud losses, recoveries, investigative trends, and fraud-risk indicators.
• Prepare reporting, analytics, and trend information for management and Board reporting.
• Support fraud risk assessments and recommend control improvements based on investigative findings and emerging threats.
• Assist management in evaluating fraud mitigation strategies and program effectiveness.

Fraud Quality Assurance and Associate Education:

• Support fraud awareness and scam-prevention initiatives for associates.
• Develop fraud-awareness materials and communicate emerging fraud trends and prevention techniques.
• Participate in quality assurance reviews involving fraud investigations and related documentation.
• Identify process improvement opportunities and recommend changes to strengthen fraud controls.
• Maintain documentation standards, investigative procedures, and department job aids as assigned.

AML/CFT and OFAC Support:

• Assist with AML/CFT monitoring, suspicious activity investigations, OFAC reviews, and related compliance activities.
• Support examinations, audits, remediation efforts, and special projects as assigned.
• Collaborate with the AML/CFT Officer regarding suspicious activity, regulatory reporting, and financial crime investigations.
• Provide continuity support for designated AML/CFT functions as assigned.

Subpoena and Legal Process Administration:

• Coordinate the administration of subpoenas, search warrants, summonses, and other authorized legal requests.
• Gather and organize responsive records and maintain appropriate documentation.
• Coordinate with Legal Counsel, internal departments, law enforcement, and other authorized parties as needed.
• Ensure legal requests are completed accurately, timely, and in accordance with applicable requirements.

Operational Leadership and Department Support:

• Serve as a subject matter resource regarding fraud investigations, financial crime trends, and legal process administration.
• Provide guidance and support to Financial Crimes Analysts.
• Assist with quality assurance activities, training initiatives, technology implementations, department projects, and process improvements.
• Maintain department procedures, documentation, and job aids.

Officer Leadership Expectations:

• Support the Bank's leadership philosophy and professional development initiatives.
• Participate in internal and external training opportunities.
• Exercise sound judgment and maintain confidentiality.
• Perform other duties and special projects as assigned.

Adhere to all Bank Security/Compliance Regulations:

• Complete all annual Bank security and compliance training.
• Adhere to Bank security guidelines and applicable compliance requirements.
• Maintain confidentiality of client, associate, investigative, and Bank information.
• Stay current on applicable fraud, AML/CFT, OFAC, and compliance requirements.

Requirements

• Associate degree in Accounting, Finance, Criminal Justice, Business Administration, Risk Management, or related field and/or three to five years equivalent experience in banking, fraud investigations, AML/CFT operations, compliance, risk management, or related financial services activities.
• Experience conducting investigations, documenting findings, and making risk-based recommendations.
• Working knowledge of fraud investigations, AML/CFT requirements, OFAC requirements, suspicious activity concepts, and financial crime risks.
• Strong analytical, organizational, problem-solving, and communication skills.
• Strong working knowledge of Microsoft Office applications.
• Ability to maintain confidential information and represent the organization professionally.

Preferred Qualifications

• Bachelor's degree in Accounting, Finance, Criminal Justice, Business Administration, Risk Management, or related discipline.
• Five or more years of progressively responsible experience in fraud investigations, AML/CFT operations, compliance, or banking operations.
• Experience using Verafin or similar financial crime monitoring systems.
• Experience processing legal information requests.
• CFE, CAMS, CFCS, or similar professional certification.

Lake Ridge Bank values a diverse workforce and is an Affirmative Action/Equal Opportunity Employer.

Consistent with Lake Ridge Bank's commitment to employ and advance qualified individuals with disabilities, Lake Ridge Bank provides reasonable accommodation to apply for or perform a job. Some examples of reasonable accommodation include alternate methods to apply, providing documents in an alternate format, altering work procedures, specialized equipment or use of an interpreter. If an individual needs reasonable accommodations to apply or perform a job here at Lake Ridge Bank, please contact Human Resources at (608) 849-2700 or email us.