Head of Fraud and Financial Crimes Risk Management

We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ - EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.

EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another's experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $170,982.00 to $293,110.80. Additional compensation may be possible based on experience and skills.

We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in the Bethesda, MD office four days per week.

The Head Fraud and Financial Crimes Risk Management leads the bank's comprehensive Financial Crimes Risk Management program, including oversight of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) function, second-line fraud prevention, and Quality Assurance (QA). Reporting directly to the Chief Risk Officer, this high-impact leadership role requires a balance of strategic oversight, regulatory expertise, and cross-functional collaboration ensuring the bank complies with all applicable laws and leading a high-performing team. While the BSA/AML Officer reports to this position administratively, the BSA/AML Officer retains the authority, independence, and direct access to the Board of Directors, CEO, and Chief Risk Officer required by federal regulations to effectively discharge their BSA/AML compliance responsibilities. This position ensures the Bank maintains a coordinated, integrated and effective risk management framework and meets all regulatory obligations related to fraud prevention and financial crimes compliance.

Essential Function

Second Line Leadership & Risk Oversight

Lead and manage three second line functions providing independent oversight and challenge to first line fraud prevention and financial crimes controls
• Develop and execute comprehensive risk-based strategies for fraud oversight and financial crimes compliance aligned with the bank's risk appetite and regulatory requirements
• Assess the design and operating effectiveness of first line controls across all business lines, channels, and product offerings
• Challenge first line risk-taking activities and escalate concerns regarding control deficiencies, emerging risks, or risk appetite breaches
• Establish and monitor key performance and risk indicators, metrics, and reporting frameworks to provide enterprisewide visibility into fraud and financial crimes risks

BSA/AML Program Oversight & Management

• Directly manage the designated BSA/AML Officer administratively and provide strategic direction, resources, and support for the bank's BSA/AML compliance program
• Ensure the BSA/AML Officer maintains the authority, independence, and resources required by federal regulations to effectively discharge their responsibilities
• Provide the BSA/AML Officer with unfettered direct access to the Chief Risk Officer, CEO, and Board of Directors/Board committees without requiring escalation through this role
• Protect the BSA/AML Officer's independence to report regulatory concerns, file Suspicious Activity Reports, and escalate issues without interference
• Ensure the BSA/AML program maintains effective controls for customer due diligence, suspicious activity monitoring and reporting, currency transaction reporting, and OFAC sanctions screening
• Oversee the development and annual refresh of the Bank's BSA/AML risk assessment
• Provide senior-level review and strategic guidance on complex or escalated Suspicious Activity Reports while respecting the BSA/AML Officer's ultimate filing authority
• Ensure the BSA/AML program adapts to evolving regulatory expectations, emerging typologies, and changes in the bank's risk profile
• Manage relationships with transaction monitoring system vendors and oversee system optimization and tuning

Fraud Risk Management

• Oversee the second line fraud risk management function, providing independent assessment of fraud prevention, detection, and response capabilities across the enterprise
• Evaluate the effectiveness of fraud controls spanning wire, ACH, card, check, digital banking, and emerging payment channels
• Monitor fraud loss trends, velocity, and patterns; challenge first line on control enhancements and risk mitigation strategies
• Assess fraud risk in new products, services, channels, and partnerships before implementation
• Oversee the Bank's fraud risk appetite framework and escalate breaches or concerning trend

Quality Assurance Function

• Lead the independent quality assurance function that performs risk-based quality assurance of both BSA/AML and fraud functions
• Develop annual risk-based QA testing plans covering transaction monitoring alert/case disposition, SARs. CTRs, fraud case management
• Ensure QA findings are appropriately documented, rated, and tracked through remediation
• Validate that corrective actions address root causes and prevent recurrence
• Ensure QA activities support, rather than impede, the BSA/AML Officer's independence and authority

Regulatory Compliance & Examinations

• Maintain current knowledge of evolving BSA/AML regulations, fraud-related guidance, and regulatory expectations from FinCEN, OCC, FDIC, Federal Reserve, and other applicable agencies
• Serve as senior liaison with regulators during examinations related to fraud and financial crimes, coordinating responses and managing examination logistics in partnership with the BSA/AML Officer
• Oversee timely and accurate regulatory reporting and filings through the BSA/AML Officer

Governance & Risk Reporting

• Chair or participate in governance committees related to fraud risk and financial crimes
• Provide regular risk reporting to the Chief Risk Officer, executive leadership, and Board Risk Committee on fraud and financial crimes exposure, trends, and program effectiveness
• Facilitate the BSA/AML Officer's direct reporting to the Board of Directors (or designated Board committee) at least annually, and more frequently as circumstances require
• Manage issue remediation processes, ensuring timely closure of audit findings, regulatory issues, and internal control deficiencies
• Develop and maintain policies, procedures, and standards for fraud and financial crimes risk management, ensuring BSA/AML policies reflect the Officer's authority and independence

Team Leadership & Development

• Build, lead, and develop high-performing second line teams with deep technical expertise in fraud risk, BSA/AML compliance, and quality assurance

Any other tasks as needed commensurate with the role/position.

Requirements:

• Bachelor's Degree in Arts/Sciences (BA/BS) in business management, finance, risk management or related field
• 15 years progressive experience in financial crimes with significant focus on BSA/AML, compliance, fraud prevention and quality assurance.
• 8 years in a leadership role overseeing financial crimes programs at a financial institution
• Proven track record building and leading fraud and/or BSA/AML programs in banking or financial services
• Experience managing through regulatory examinations, addressing findings, and maintaining regulatory relationships
• Demonstrated understanding of BSA/AML Officer independence requirements and ability to enable compliance while providing oversight * Demonstrated understanding of BSA/AML Officer independence requirements and ability to enable compliance while providing oversight
• CFE (Certified Fraud Examiner)
• Comprehensive knowledge of the FFIEC Examination Manual
• Comprehensive knowledge of applicable laws, regulations, and reporting requirements (including Bank Secrecy Act (BSA), USA PATRIOT Act, US Treasury AML guidelines and OFAC requirements)
• Comprehensive knowledge of Anti-Money Laundering (AML) and fraud prevention and detection processes, investigative techniques and advanced research methods
• Experience interacting with regulatory agencies and managing regulatory examinations
• General knowledge of data governance, data management, and data quality
• Ability to design, implement, and coordinate testing, quality assurance/control, and/or secondary review and feedback processes, or other related auditing or compliance processes
• Ability to identify and comprehend new and existing AML and fraud schemes, trends, threats and tactics
• Proficiency with AML/Fraud alert and case management software, such as Verafin
• Strong leadership abilities with experience managing cross-functional teams
• Strategic thinking with ability to anticipate emerging financial crimes risks
• Familiarity with transaction monitoring systems, case management platforms, fraud detection technologies, and data analytics tools
• Leadership with Independence: Ability to provide strategic direction and resources while protecting subordinate independence, particularly for the BSA/AML Officer role
• Strong second line mindset: ability to provide independent oversight and challenge while building collaborative partnerships with first line
• Strategic thinking with ability to translate complex regulatory requirements and risk assessments into actionable program enhancements
• Excellent risk management acumen including ability to assess inherent and residual risks, control effectiveness, and emerging threats
• Superior communication and influencing skills, capable of engaging effectively with executives, Board members, regulators, and cross-functional partners
• Demonstrated ability to build, lead, and develop diverse teams in a matrixed organization
• Sound judgment and decision-making abilities in ambiguous situations, balancing risk mitigation with business enablement
• Change management and program transformation expertise
• Integrity and independence: Willingness to escalate concerns and challenge business practices when warranted, and commitment to protecting others who do the same
• Regulatory acumen and credibility with banking regulators

Preferences:

• Master's degree in Arts/Sciences (MA/MS) MBA, JD, or Master's in a related field
• Prior experience overseeing or serving as a BSA/AML Officer strongly preferred
• CAMS (Certified Anti-Money Laundering Specialist)

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.