Sr. Manager Financial Crimes Governance

Varo Bank • New York, NY

11h

About The Position

Varo is seeking a Senior Manager of Financial Crimes Governance to oversee AML/CFT and Fraud Governance and lead the second-line Financial Crimes Risk Management (FCRM) Testing function. The role reports to the Director of Financial Crimes Governance and is responsible for executing an effective second-line oversight framework, partnering with first-line business units, and supporting proactive risk management across Varo’s financial crimes strategy.

The position provides oversight and effective challenge of fraud and AML/CFT prevention and governance, oversees the Bank’s second-line FCRM Testing Plan, maintains enterprise risk assessments, and establishes and monitors risk indicators and metrics. It also involves cross-functional work on emerging threats, engagement with Internal Audit and bank regulators, and tracking remediation efforts using GRC tools. The role calls for deep expertise in AML/CFT and fraud governance, strong analytical and communication skills, and experience leading risk or compliance teams.

Requirements

• At least 7 years of experience in financial crimes risk management, including both first-line operational and second-line oversight roles within banking.
• At least 3 years of direct people management experience, with a track record of leading and developing high-performing risk or compliance teams.
• Deep subject matter expertise in AML/CFT and Fraud governance frameworks, regulations, and best practices.
• Proven experience developing, managing, and executing second-line compliance or FCRM testing programs.
• Strong analytical skills and proficiency in using data to evaluate risk, measure control effectiveness, and drive preventative strategy.
• Demonstrated ability to build cross-functional partnerships and influence stakeholders across the organization.
• Excellent written and verbal communication skills, including experience presenting complex risk topics to executive management and key partners.
• High degree of accountability and self-direction, with the ability to manage competing priorities in a fast-paced environment.

Nice To Haves

• SQL knowledge.

Responsibilities

• Provide comprehensive second-line oversight and effective challenge of Fraud and AML/CFT prevention and governance activities.
• Oversee execution of the Bank’s second-line FCRM Testing Plan and ensure robust coverage across financial crimes controls.
• Stay informed about industry trends, regulatory developments, emerging risks, and technological advancements in financial crimes prevention.
• Maintain enterprise Fraud and AML/CFT risk assessments, identify control gaps, and recommend enhancements.
• Establish and monitor key risk indicators (KRIs) and metrics; articulate gaps and report them to leadership and executive management.
• Partner with Fraud Strategy, Operations, and Investigative teams to integrate emerging threats into strategy and controls.
• Support engagement with Internal Audit and bank regulators on financial crimes governance and testing matters.
• Manage and track issue remediation efforts using GRC tools, providing updates to the Director of Financial Crimes Governance and executive leadership.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed