Financial Crimes Officer

Lake Ridge Bank•Monona, WI

21h

About The Position

The Financial Crimes Officer serves as a key resource in Lake Ridge Bank’s efforts to identify, investigate, and mitigate fraud and financial crime risks. The role conducts complex investigations, analyzes emerging trends, administers legal processes, supports AML/CFT investigations, and partners across the organization to provide fraud-risk insights. The officer supports fraud analytics and reporting, fraud quality assurance and associate education, AML/CFT and OFAC activities, and the administration of subpoenas and other legal requests. The position also provides operational leadership and guidance to Financial Crimes Analysts, contributes to training and process improvements, and maintains department procedures and documentation. The officer is expected to exercise sound judgment, maintain confidentiality, participate in training and professional development, complete required Bank security and compliance training, and follow applicable security and compliance requirements. Other duties and special projects may be assigned.

Requirements

Associate degree in Accounting, Finance, Criminal Justice, Business Administration, Risk Management, or a related field, and/or three to five years of 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.

Nice To Haves

Bachelor's degree in Accounting, Finance, Criminal Justice, Business Administration, Risk Management, or a 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.

Responsibilities

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 on fraud prevention, detection, investigation, and recovery efforts.
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.
Support fraud-awareness and scam-prevention initiatives for associates; develop materials and communicate emerging trends and prevention techniques.
Participate in quality assurance reviews of 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.
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.
Coordinate 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 regarding legal requests.
Ensure legal requests are completed accurately, timely, and in accordance with applicable requirements.
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.
Support the Bank's leadership philosophy and professional development initiatives and participate in internal and external training opportunities.
Exercise sound judgment and maintain confidentiality; complete annual Bank security and compliance training and adhere to Bank security guidelines and applicable requirements.
Stay current on applicable fraud, AML/CFT, OFAC, and compliance requirements.
Perform other duties and special projects as assigned.