Principal Fraud Officer

Empowered to live. Inspired to work. Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

How we support you:

Hybrid model – up to 50% work from home Flexible schedules including ample flexibility in the summer months

Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAPVacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off Learning and development programs

Mentorship programs

Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.

To learn more about Compeer Financial visit . Where you will work:
This position offers a hybrid work option up to 50% and is open to any Compeer office location in Illinois, Minnesota and Wisconsin.

The contributions you will make:
This position provides enterprise ownership of the organization's fraud risk management program, including strategy, governance, technology, monitoring, and prevention capabilities. Establishes program priorities, fraud risk management frameworks, operating standards, and long-term roadmap to enhance organizational fraud resilience. Serves as the organization's highest-level fraud subject matter expert and primary advisor to senior leadership regarding fraud risk exposure, prevention strategies, and program investments.

Come join our growing legal and compliance team!

A typical day:

Serves as the enterprise business owner for fraud monitoring, detection, and prevention capabilities, establishing business requirements and standards for fraud systems, processes, policies, analytics, and related capabilities; evaluates program effectiveness, monitors program performance and emerging risks, identifies gaps and priorities, and drives enterprise improvements and remediation.

Establishes and maintains enterprise fraud program governance and operating standards, including monitoring scenarios, analytical standards, escalation thresholds, fraud metrics, and data requirements, and decision and escalation protocols.

Partners with senior level business leaders to provide direction and oversight for the implementation fraud-related improvements and initiatives. Serves as the organization’s most senior subject matter expert and advisor to senior leadership on fraud by providing consultation, training, and recommendations regarding fraud risks, trends, and mitigation strategies.

Establishes the approach to fraud risk assessment and leads assessments, identifying opportunities to strengthen fraud prevention, detection, monitoring, and response capabilities.

The skills and experience we prefer you have:

Bachelor’s degree in business administration, finance, accounting, data analytics, information systems, criminal justice, risk management, or 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 other similar financial institutions.

Significant experience with implementing fraud detection tools, transaction monitoring, data analysis and reporting.

Certified Fraud Examiner (CFE), Certified AML and Fraud Professional (CAFP), Certified Financial Crimes Specialist (CFCS), data analytics certification, or related professional designation preferred.

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…