The Fraud Governance Specialist works to identify areas of exposure for fraud and provides guidance to business units on what controls should be implemented to mitigate fraud risk. The role develops a comprehensive understanding of each product and service offered, creating and implementing fraud risk assessments for new and existing products and services. The Fraud Governance Specialist identifies and recommends necessary fraud controls, and consults with leadership and business partners to provide the necessary data to support the recommendations. The position provides second line oversight and works cross-functionally to understand product intricacies and feature functionality to mitigate, manage and challenge identified fraud issues/risks.
- Perform all responsibilities in accordance with BECU Competencies, compliance, regulatory and Information Protection requirements.
- Integrates with first line business units to be actively involved in key process and system changes and how they impact EFRM. Recommends process and changes as needed.
- Identifies, mitigates and monitors current fraud trends and future risklandscapes.
- Analyze and create appropriate risk assessments to evaluate overall risk for varying products and services (current and future).
- Challenges and contributes ideas and concepts related to control opportunities and enhancements.
- Provides fraud remediation recommendations and applicable training for first line business units.
- Maintains a comprehensive understanding of fraud risks and risk management processes.
- Conducts root-cause analysis, eventmanagement/escalation, and risk governance. Maintains strong comprehension of root cause analysis skills, industry related information and trends.
- Works closely with the Director, Financial Crimes to develop overall fraud strategy for the organization as well as achieve necessarily milestones as defined by the organizations fraud maturity model.
- Perform additional duties as assigned.
- Bachelors’ degree in business, criminal justice or equivalent work or educational experiencerequired.
- Minimum of five years’ experience in operational risk management and policy/procedure development required; eight or more years preferred.
- Certified as CFE (Certified Fraud Examiner) preferred.
- Excellent ability to work collaboratively and successfully with multiple business units required.
- Excellent verbal and written communication skills to effectively communicate and provide customer service required.
- Excellent conceptual, organizational and project management skills required.
- Ability to effectively travel to multiple locations during the day.
- Full time hours required, with additional hours as necessary.