Director FCC Governance, Data and Risk Oversight

Description

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and Fin Techs to integrate compliant financial solutions.

Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

The Director, FCC Governance, Data, and Risk Oversight leads Thread Bank’s financial crimes compliance (FCC) program governance, data integrity, quality control, and risk oversight functions. Reporting to the Chief BSA Officer, this role ensures that financial crimes controls operate as designed, that data supporting those controls is accurate and auditable, and that the Bank maintains examination-ready documentation across all FCC verticals.

The role carries particular significance within Thread Bank’s embedded banking model, where a substantial share of financial crimes risk sits inside partner programs and third-party platforms that require active governance and oversight.

• Govern the transaction monitoring platform, including scenario inventory, rule logic, segmentation, thresholds, and coverage against the Bank’s assessed risks and product set
• Demonstrate working-level command of rule construction, including how parameters and lookback windows behave, how segmentation and customer risk attributes drive selection, and how a rule change propagates through alerts, cases, and SAR outcomes
• Own the tuning lifecycle end to end, covering coverage assessments, above-the-line and below-the-line testing, threshold analysis, sample design, results documentation, approval, and post-implementation validation
• Confirm that data feeding the platform arrives complete, mapped correctly, and current, and ensure platform constraints such as rule caps, field limits, ingestion failures, and vendor defects are documented, escalated, and tracked to resolution
• Analyze alert-to-case conversion, case-to-SAR conversion, productivity, false positive rates, and aging, and translate findings into rule, staffing, or process action
• Support model risk management for monitoring, sanctions screening, fraud, and customer risk rating models, including documentation, validation support, and remediation of validator findings

• Serve as FCC business owner for data governance, data quality, and reporting integrity across all FCC systems of record
• Query FCC data directly using SQL, Python, or the Bank’s analytics and BI tooling to validate populations, reconcile counts, test control assertions, and respond to examiner questions
• Establish controls over FCC data sourcing, transformation, reconciliation, and reporting, including control totals, completeness checks, and exception handling
• Document data lineage from source system through transformation to the reported metric, and substantiate that lineage on demand
• Build KPIs, KRIs, dashboards, and executive metrics with defined calculation logic, thresholds, tolerances, and named owners
• Partner with Technology, Data, and Analytics teams on FCC data architecture, field mapping, feed monitoring, and remediation of defects that degrade monitoring coverage
• Detect and elevate data gaps that suppress alerts, misstate risk ratings, or understate exposure, and treat each as a control failure until analysis confirms otherwise