Head of Fraud and Financial Crimes Risk Management

EagleBank•Bethesda, MD

5d•Hybrid

About The Position

Overview We are a values driven organization putting Relationships FIRST . EagleBank (NASDAQ – EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted . By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers. EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another’s experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $170,982.00 to $293,110.80. Additional compensation may be possible based on experience and skills. We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in the Bethesda, MD office four days per week. Responsibilities The Head Fraud and Financial Crimes Risk Management leads the bank's comprehensive Financial Crimes Risk Management program, including oversight of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) function, second-line fraud prevention, and Quality Assurance (QA). Reporting directly to the Chief Risk Officer, this high-impact leadership role requires a balance of strategic oversight, regulatory expertise, and cross-functional collaboration ensuring the bank complies with all applicable laws and leading a high-performing team. While the BSA/AML Officer reports to this position administratively, the BSA/AML Officer retains the authority, independence, and direct access to the Board of Directors, CEO, and Chief Risk Officer required by federal regulations to effectively discharge their BSA/AML compliance responsibilities. This position ensures the Bank maintains a coordinated, integrated and effective risk management framework and meets all regulatory obligations related to fraud prevention and financial crimes compliance.

Requirements

Bachelor’s Degree in Arts/Sciences (BA/BS) in business management, finance, risk management or related field
15 years progressive experience in financial crimes with significant focus on BSA/AML, compliance, fraud prevention and quality assurance.
8 years in a leadership role overseeing financial crimes programs at a financial institution
Proven track record building and leading fraud and/or BSA/AML programs in banking or financial services
Experience managing through regulatory examinations, addressing findings, and maintaining regulatory relationships
Demonstrated understanding of BSA/AML Officer independence requirements and ability to enable compliance while providing oversight
Demonstrated understanding of BSA/AML Officer independence requirements and ability to enable compliance while providing oversight
CFE (Certified Fraud Examiner)
Comprehensive knowledge of the FFIEC Examination Manual
Comprehensive knowledge of applicable laws, regulations, and reporting requirements (including Bank Secrecy Act (BSA), USA PATRIOT Act, US Treasury AML guidelines and OFAC requirements)
Comprehensive knowledge of Anti-Money Laundering (AML) and fraud prevention and detection processes, investigative techniques and advanced research methods
Experience interacting with regulatory agencies and managing regulatory examinations
General knowledge of data governance, data management, and data quality
Ability to design, implement, and coordinate testing, quality assurance/control, and/or secondary review and feedback processes, or other related auditing or compliance processes
Ability to identify and comprehend new and existing AML and fraud schemes, trends, threats and tactics
Proficiency with AML/Fraud alert and case management software, such as Verafin
Strong leadership abilities with experience managing cross-functional teams
Strategic thinking with ability to anticipate emerging financial crimes risks
Familiarity with transaction monitoring systems, case management platforms, fraud detection technologies, and data analytics tools
Leadership with Independence: Ability to provide strategic direction and resources while protecting subordinate independence, particularly for the BSA/AML Officer role
Strong second line mindset: ability to provide independent oversight and challenge while building collaborative partnerships with first line
Strategic thinking with ability to translate complex regulatory requirements and risk assessments into actionable program enhancements
Excellent risk management acumen including ability to assess inherent and residual risks, control effectiveness, and emerging threats
Superior communication and influencing skills, capable of engaging effectively with executives, Board members, regulators, and cross-functional partners
Demonstrated ability to build, lead, and develop diverse teams in a matrixed organization
Sound judgment and decision-making abilities in ambiguous situations, balancing risk mitigation with business enablement
Change management and program transformation expertise
Integrity and independence: Willingness to escalate concerns and challenge business practices when warranted, and commitment to protecting others who do the same
Regulatory acumen and credibility with banking regulators

Nice To Haves

Master’s degree in Arts/Sciences (MA/MS)
MBA, JD, or Master's in a related field
Prior experience overseeing or serving as a BSA/AML Officer strongly preferred
CAMS (Certified Anti-Money Laundering Specialist)

Responsibilities

The Head Fraud and Financial Crimes Risk Management leads the bank's comprehensive Financial Crimes Risk Management program, including oversight of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) function, second-line fraud prevention, and Quality Assurance (QA).
Reporting directly to the Chief Risk Officer, this high-impact leadership role requires a balance of strategic oversight, regulatory expertise, and cross-functional collaboration ensuring the bank complies with all applicable laws and leading a high-performing team.
This position ensures the Bank maintains a coordinated, integrated and effective risk management framework and meets all regulatory obligations related to fraud prevention and financial crimes compliance.