ORMP Risk Officer II - Fraud
About The Position
The Operational Risk Management Programs Risk Officer II-Fraud is a senior subject matter expert responsible for designing, developing, implementing, and executing core operational and fraud risk programs. The role researches, evaluates, and recommends solutions for operational and fraud risk management, and implements forward-looking systems and processes to support proactive risk management. The position establishes and oversees fraud risk frameworks, assessments, controls, indicators, reporting, and remediation. It partners with Fraud Strategy, Fraud Operations, business units, and second-line functions; advises risk managers on complex assignments; reports program effectiveness and issues to executives; and helps ensure program components meet regulatory expectations and industry best practices. The role also supports teammates through coaching and mentorship and promotes an enterprise risk culture focused on risk awareness, compliance, ethical practices, transparency, and escalation.
Requirements
- Bachelor's degree or an equivalent combination of education and experience.
- Ten years of banking or related management experience.
- Five years of management experience including direct supervisory responsibility.
- Strong operational and fraud risk management knowledge, leadership, and decision-making skills.
- Strong analytical and organizational skills and extensive experience designing, developing, implementing, and executing risk management programs.
- Ability to work independently with minimal direction and guidance.
- Excellent interpersonal skills and ability to build collaborative relationships with multiple stakeholders, interact effectively with all levels of management, and influence change in a dynamic environment.
- Excellent verbal and written communication skills, including the ability to present issues, observations, and recommendations.
- Proficiency with Microsoft Office products.
- English language fluency required.
Nice To Haves
- Advanced business degree, such as an MBA, MS, or MA.
- Industry certification such as Certified Fraud Examiner (CFE).
- Experience establishing new corporate operational fraud risk programs or initiatives at large, complex financial institutions.
- Experience in fraud risk consulting or strategic planning roles.
- Experience working for or with regulatory agencies such as the FRB, OCC, or FDIC.
Responsibilities
- Design, establish, and execute a fraud risk management program and oversight framework to identify, assess, monitor, report, and mitigate operational fraud risk.
- Provide ongoing oversight of the company's fraud risk management activities.
- Develop and maintain fraud risk assessments, periodically updating them to identify control gaps and recommend enhancements.
- Ensure Key Risk Indicators are developed and maintained; articulate gaps to executives and track recommendations through completion.
- Serve as an operational fraud risk expert for risk managers handling higher-risk and more complex assignments.
- Collaborate with Fraud Strategy, Fraud Operations, and first-line business teams to incorporate emerging threats into acquisition and account management strategies.
- Report to executive management on the effectiveness of first-line fraud capabilities.
- Track and monitor fraud issue remediation using GRC tools and report status to management.
- Ensure program components meet regulatory expectations and align with industry best practices.
- Monitor emerging issues in risk management, business process automation and design, and related disciplines, incorporating new learning into work processes.
- Coach and mentor teammates and support their development.
- Develop and maintain effective working relationships with stakeholders in business units and second-line functions.
- Promote an enterprise risk culture aligned with Truist's purpose, mission, and values, emphasizing risk and compliance awareness, ethical practices, transparency, and escalation.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Disability insurance
- Tax-preferred savings accounts
- 401(k) plan
- At least 10 days of vacation during the first year, prorated based on hire date and full-time or part-time status
- 10 sick days, prorated
- Paid holidays
- May be eligible for a defined benefit pension plan, restricted stock units, and/or deferred compensation plan, depending on position and division
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What This Job Offers
Job Type
Full-time
Career Level
Senior
