Position Title
Fraud Risk Oversight Analyst Lead
Location
Hicksville, NY 11801
Job Summary
Pay Range: 99- 164K
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB SUMMARY
The Fraud Risk Oversight Analyst Lead is a critical role within the 2nd Line of Defense, responsible for supporting the Head of Operational Risk Management in identifying, assessing, and mitigating fraud risks across the organization. The Fraud Risk Oversight Analyst Lead in conjunction with the Operational Risk Manager Sr will be responsible for developing and implementing robust risk management strategies, policies, and procedures, and will collaborate across business units, cross-functional teams, and the First Line of Defense and implement a robust fraud risk management framework. This role requires strong leadership, strategic thinking, and the ability to effectively coordinate fraud risk activities to ensure the financial integrity and security of the bank's operations.
JOB RESPONSIBILITIES
- Manage the Fraud Risk Management framework across Risk Identification, Fraud Scenario Analysis, Risk Monitoring, and Fraud Risk Appetite Assessments
- Serve as the primary fraud risk liaison between the 2nd and 1st Line of Defense and senior management
- Identify and execute opportunities to elevate overall Fraud risk oversight practices
- Responsible for the implementation and coordination of the execution of fraud risk activities, including fraud focused risk and control assessments, issue management, fraud risk events, status of fraud-related Key Risk Indicators (KRIs), risk appetite metrics, and emerging fraud trends
- 2nd line oversight of Fraud risk management including comprehensive fraud risk assessments and investigations
- Responsible for regulatory reporting and compliance related to fraud risk
- Prepare governance reports and communications to Senior Management and stakeholders on the fraud risk profile of the business unit, changes to the risk profile, and propose recommendations for fraud risk mitigation
- Build and maintain strong relationships with key stakeholders across the organization, including business units, compliance teams, and senior leadership
- Participate in major business initiatives and pro-actively advise on fraud risk implications
- Execute remediation of fraud-related regulatory findings
ADDITIONAL ACCOUNTABILITIES
- Performs special projects, and additional duties and responsibilities as required.
- Represent the 2nd Line of Defense in fraud risk management forums, committees, and working groups.
- Consistently adhere to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings
Required Qualifications:
- Bachelor's degree in Risk Management, Finance, Criminal Justice, or a related field
- Minimum of 5+ years of experience in fraud risk management, with a strong understanding of fraud frameworks, investigation methodologies, and regulatory requirements
- Proven track record of leading fraud risk management initiatives and working collaboratively with cross-functional teams
Preferred Qualifications:
- Master's degree or relevant certifications preferred
- Regulatory compliance experience in fraud risk management plus
Job Competencies:
- Strong knowledge of financial services fraud prevention practices, including risk assessments, forensic analysis, and fraud trend monitoring
- Self-Starter with keen investigative skills
- Ability to balance fraud prevention priorities with tactical risk mitigation actions
- Excellent communication, analytical, and interpersonal skills, with the ability to influence and engage stakeholders at all levels of the organization
- Analytical mindset with the ability to identify trends, assess complex risk scenarios, and develop effective mitigation strategies
- Strong ethical standards and commitment to maintaining confidentiality
- Proficiency in risk management software and tools (Archer), as well as Microsoft Office Suite
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
