Remote - Director, 2nd Line Fraud Oversight and Control

We’re looking for talented professionals, anywhere in the United States, to join us in bringing smart money management and payment solutions to everyone’s fingertips.

At Green Dot, we are evolving to a new and permanent “Work from Anywhere” model designed to maximize the benefits of remote work, promote and enable a strong culture of performance and connectedness, and attract the best and brightest talent who align with our entrepreneurial spirit and mission.

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JOB DESCRIPTION

Green Dot Corporation’s BSA/AML Oversight team is composed of forward-thinking, creative, and enthusiastic individuals, who are constantly striving to safeguard the financial sector, our customers, and Green Dot Bank from misuse. We are looking for a new colleague to join the Team as the leader for Second Line Fraud Governance and Oversight.  This position is responsible for developing an oversight and effective challenge framework, in the second line of defense and partnering with first-line personnel on monitoring and assessing GD’s fraud strategy, both internal and external. 

What you'll be doing

• Provide oversight on the fraud prevention activities utilized by the business and fraud operations to manage fraud, both internal and external

• Stay abreast of industry trends, emerging risks, and the advent of preventative tools

• Develop and maintain fraud risk assessments, including periodic updates to identify potential gaps in controls and recommend enhancements

• Policy and Procedures: Analyze and update fraud prevention policies and procedures to reflect evolving regulatory requirements and industry best practices

• Ensure appropriate Key Risk Indicators are developed and maintained; identify and clearly articulate gaps to executives, and track recommendations to completion

• Control Monitoring; Review and test the effectiveness of existing fraud prevention controls implemented by the first line of defense, including transaction monitoring systems, customer due diligence, and internal controls.

• Collaborate with Fraud Operations, and Business teams to incorporate emerging threats into our acquisition and account management strategies

• Investigative Oversight; Review suspicious activity reports (SARs) and other fraud alerts, collaborating with relevant teams to investigate potential fraud cases and ensure proper reporting to regulatory bodies

• Report to executive management and the Board of Directors on the effectiveness of our fraud capabilities in the first line of defense

• Interact as necessary with our regulators, internal Audit and other risk management functions.

• Track and monitor fraud issue remediations and report status updates to management as appropriate

• Training and Awareness: Develop and deliver fraud awareness training programs to educate employees across the organization on fraud risks and reporting procedures

Required skills and experience

• 8+ years of experience in fraud risk management including both business and oversight roles; in payment, fintech, or other innovative financial institutions

• Excellent leadership and communication skills, with a focus on building team cohesion and collaboration.

• A strong understanding of second-line frameworks related to fraud governance and oversight

• Strong understanding of fraud schemes, deep knowledge of various types, including financial fraud, identity theft, payment fraud, and internal fraud

• Expertise in analyzing data to inform preventative measures

• A strong sense of accountability and the ability to work collaboratively across multiple departments

• Ability to influence others including executive management

• Ability to prioritize workflows, ensure deadlines are met, and facilitate open communication

POSITION TYPE

PAY RANGE

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Green Dot promotes diversity and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Green Dot provides reasonable accommodations for candidates on request and respects applicants' privacy rights.