Principal Fraud Officer
About The Position
The Principal Fraud Officer provides enterprise ownership of Compeer Financial’s fraud risk management program, including strategy, governance, technology, monitoring, and prevention capabilities. The role establishes program priorities, fraud risk management frameworks, operating standards, and a long-term roadmap to strengthen the organization’s fraud resilience. It serves as the organization’s highest-level fraud subject matter expert and primary advisor to senior leadership on fraud risk exposure, prevention strategies, and program investments. This position is part of the legal and compliance team and may be performed in a hybrid arrangement, with up to 50% work from home, from any Compeer office location in Illinois, Minnesota, or Wisconsin. The role is eligible for variable compensation and benefits.
Requirements
- Bachelor’s degree in business administration, finance, accounting, data analytics, information systems, criminal justice, risk management, or a related field; or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
- Expert-level experience in fraud risk management within the financial services industry.
- Advanced-level experience leading significant programs or complex matters, or providing strategic leadership within a bank or similar financial institution.
- Significant experience implementing fraud detection tools, transaction monitoring, data analysis, and reporting.
- Expert knowledge of enterprise fraud risk management programs, frameworks, controls, and governance structures.
- Demonstrated ability to design, build, implement, and mature fraud prevention, detection, investigation, and response programs.
- Ability to translate business strategy, regulatory expectations, and emerging fraud risks into sustainable fraud program capabilities.
- Experience establishing program roadmaps, priorities, performance metrics, and governance processes.
- Ability to evaluate and implement fraud technologies, monitoring solutions, analytics, and reporting frameworks.
- Exceptional ability to influence senior leaders and drive enterprise-wide change across multiple business functions.
- Strong strategic thinking, problem-solving, and decision-making skills.
- Ability to balance operational effectiveness with long-term program maturity and organizational risk reduction.
- Strong verbal and written communication skills, including the ability to communicate concisely and effectively across business units.
- Must be authorized to work for any employer in the United States; Compeer is unable to sponsor or take over sponsorship of an employment visa.
Nice To Haves
- Certified Fraud Examiner (CFE), Certified AML and Fraud Professional (CAFP), Certified Financial Crimes Specialist (CFCS), data analytics certification, or a related professional designation.
Responsibilities
- Own enterprise fraud monitoring, detection, and prevention capabilities, including business requirements and standards for systems, processes, policies, analytics, and related capabilities.
- Evaluate program effectiveness and performance, monitor emerging risks, identify gaps and priorities, and drive enterprise improvements and remediation.
- Establish and maintain enterprise fraud program governance and operating standards, including monitoring scenarios, analytical standards, escalation thresholds, fraud metrics, data requirements, and decision and escalation protocols.
- Partner with senior business leaders to provide direction and oversight for implementing fraud-related improvements and initiatives.
- Advise senior leadership on fraud risks, trends, and mitigation strategies, and provide consultation and training.
- Establish the approach to fraud risk assessment and lead assessments to identify opportunities to strengthen fraud prevention, detection, monitoring, and response capabilities.
Benefits
- Medical, dental, and vision insurance.
- HSA/FSA.
- Life and AD&D insurance.
- Short-term and long-term disability insurance.
- Wellness program and employee assistance program (EAP).
- Vacation, sick leave, holidays, and floating holidays.
- Parental leave.
- Paid volunteer time off.
- Learning and development programs.
- Mentorship programs.
- Professional membership and certification reimbursement.
- 401(k) contribution of up to 9%, consisting of a 3% fixed Compeer contribution and up to 6% match.
- Variable compensation.
- Flexible schedules, including flexibility during summer months.
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What This Job Offers
Job Type
Full-time
Career Level
Principal
