Director - Fraud Risk Management Job Sacramento area,California USA,Finance & Banking

director - fraud risk management 8945 cal center dr, sacramento, ca 95826, usa req #6398 tuesday, april 29, 2025

title: director - fraud risk management
status: exempt
reports to: vp - enterprise risk officer
department: risk management
job code: 11813

pay range: $ - $ annually

g
ene
r a l description:

the director, fraud risk management, as part of the second line, is responsible for implementing, maintaining, and monitoring golden 1’s fraud risk management program; ensuring processes are effective in managing internal and external risks in a manner that is consistent with strategic goals, organizational objectives, and risk appetite.

this role requires a strong, dynamic leader with sound knowledge of business management, and deep knowledge of risk management and best practices. This role, as part of the second line, will establish, maintain, and monitor adherence to enterprise fraud policies and standards that define clear expectations and guidelines for the execution of fraud related activities.

the director, fraud risk management, will collaborate with various stakeholders and multidisciplinary teams to evaluate, recommend, and drive improvements to enterprise fraud risk management practices and processes across the credit union.

tasks, duties, functions:

establish and lead the second line fraud risk management function by providing leadership, innovation, governance, reporting and effective challenge necessary to identify, measure, mitigate, monitor, and report on golden 1's fraud risk program in accordance with the established risk management framework.

continuously improve the credit union’s ability to identify, assess, prioritize, and mitigate fraud risks throughout the organization and create recommendations on how to integrate controls as part of daily first line operations.

oversee risk identification activities and processes that continuously identify threats and vulnerabilities, to determine the credit union’s fraud risk profile. Develop and maintain a detailed enterprise-wide fraud taxonomy that classifies various types of fraud.

as part of the second line, design, implement and execute fraud risk assessment processes, including evaluation of fraud program design and operational effectiveness, and prevention, detection, and response capabilities. Perform independent review and challenge first line assessments and remediation plans.

assess the impact of new products and initiatives to the fraud risk appetite, conducting reviews and providing effective challenge.

monitor issues related to credit union fraud prevention and detection systems and workflows to ensure internal controls are appropriately designed and operating as intended, ensuring risk mitigation activities support the fraud risk management program.

develop risk management tools, practices, and policies to analyze and report fraud risks, and to manage risks according to an enterprise risk management framework. Establish and maintain appropriate policies, standards, and procedures to support the fraud risk management program.

develop and maintain a fraud risk management program, including a strategic roadmap for maturing the program that is aligned with the business to mitigate or lessen the impact of current and future fraud risks for golden
1. Understand the dynamic threat landscape and align activities on an ongoing basis to ensure it addresses the changing risk environment.

promote a culture of risk awareness by providing and maintaining effective fraud awareness training and ongoing fraud-related communications to all levels of the organization.

tactfully yet assertively challenge assumptions and perspectives on fraud risks throughout the organization. Recommend improvements to policies, procedures, and practices to reduce costs, improve internal controls and/or drive efficiencies.

engage with senior leadership and provide detailed insights into areas of fraud risk for the organization.

provide key inputs to risk oversight committees, including creating and updating risk management reports and presentations on the evaluation of the fraud risk management program effectiveness, level and direction of risks, key and emerging risks, and…


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