Fraud Compliance Manager

Employer
Freddie Mac
Location
McLean, VA
Salary
Competitive
Posted
May 16, 2019
Closes
Jun 15, 2019
Ref
11819BR
Hours
Full Time
The Financial Crimes and Sanctions Compliance unit is seeking a Fraud Compliance Manager to perform 2nd line of defense independent oversight responsibilities regarding Freddie Mac's financial crimes and sanctions program. The candidate will be responsible for providing internal and external fraud risk expertise and oversight of the 1st line of defense processes and controls, and leadership and expert advice to help ensure appropriate development and implementation of fraud prevention, detection and resolution strategies designed to minimize the risk to Freddie Mac.

Responsibilities
  • Oversee periodic enhancements and application of the Enterprise Fraud Risk policy and related detailed standards to ensure enterprise compliance by the 1st and 2nd lines of defense with Federal Housing Finance Agency (FHFA) and Financial Crimes Enforcement Network (FinCEN) regulations;
  • Monitor effectiveness of 1st line of defense suspicious activity tip intake and investigations activities, and timeliness and completeness of recommendations to Compliance for filing Suspicious Activity Reports (SARs) to FinCEN;
  • Participate in fraud related risk assessments and monitor results of 1st line of defense self-testing of controls;
  • Monitor key fraud risk and control metrics (KPI/KRI) of 1st line of defense for effectiveness of identifying emerging fraud risk trends;
  • Opine on and ensure delivery of 1st line of defense required targeted employee fraud education and training; and
  • Identify and report fraud risk matters and proposed resolution opportunities to senior management.


Qualifications

  • Bachelor's degree in criminology, accounting, finance, economics or other business-related degree;
  • 7-10 years of fraud or other financial crimes risk management and investigation experience at large financial services companies;
  • Experience working directly with law enforcement on investigative and prosecution matters;
  • Extensive knowledge of mortgage-related fraud matters involving consumer, commercial and counterparty lending;
  • Experience working with regulatory oversight agencies, and developing agreed upon action plans for mitigating findings; and
  • Ability to effectively work with a diverse group of stakeholders with 1st and 2nd line of defense functions.

Keys to Success in this Role
  • Strong analytical and communication skills
  • Ability to collaborate, while driving decisions and project execution
  • Ability to deliver in a dynamic and changing environment

Top 3 Personal Competencies to Possess
  • Partnership - Build trust and strong partnerships through my own and my team's actions
  • Drive for Execution - Be accountable for strong individual and team performance
  • Seek and Embrace Change - Be open to and initiate operating and organizational change


Preferred Skills

  • Preferred Certifications
  • Certified AML and Fraud Professional (CAFP)
  • Certified Fraud Examiner (CFE)
  • Certified Anti-Money Laundering Specialists (CAMS)
  • Certified Internal Auditor (CIA)


Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.

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