Risk & Fraud Officer – Fintech Services

Midland States Bank

. Manage a team of professionals in a customer-centric culture .

Posted 10/30/2026full-timeUnited StatesSeniorLead💰 $90,000 - $130,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in fraud management and compliance within the banking sector, with a strong focus on leading teams and implementing effective fraud detection strategies. Proficient in regulatory requirements and capable of enhancing BaaS offerings through innovative solutions.

Highest-signal resume keywords

Fraud ManagementTeam LeadershipBaaS ExperienceCompliance CertificationsRegulatory Knowledge

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Fraud Detection StrategiesPerformance ManagementRegulatory ComplianceInvestigative TechniquesRisk AssessmentBSA/AML ComplianceProject ManagementData AnalysisVendor Performance MonitoringSuspicious Activity Reporting

Soft Skills

CoachingInterpersonal CommunicationOrganizational SkillsProblem-SolvingTime Management

Tools & Technologies

VerafinCable

Certifications & Qualifications

Certified Fraud Examiner (CFE)

Industry Keywords

Banking ComplianceFintechBank Secrecy Act (BSA)Fraud PreventionSecond Line of DefenseFirst Line of DefenseCustomer-Centric CultureThird-Party Risk ManagementPerformance Management ActivitiesHigh-Potential Employee Development

About the role

Key responsibilities & impact

Manage a team of professionals in a customer-centric culture
Coach, develop, and conduct performance management activities with direct and indirect reports
Identify high-potential employees for advanced training and development opportunities
Lead the development and implementation of fraud detection and prevention strategies for the Bank's BaaS offerings
Provide strategic guidance on fraud management for new and existing Fintech products and services
Oversee compliance and fraud management processes aligned to regulatory requirements and second line of defense requirements
Conduct investigations of suspicious activities and ensure timely reporting and resolution
Address regulatory changes and ensure timely and accurate Suspicious Activity Report submission
Monitor and analyze third-party vendor performance to detect and mitigate fraud risks
Utilize Verafin and Cable to enhance monitoring capabilities and BSA/AML compliance
Maintain detailed logs and reports of monitoring activities, transaction alerts, investigation results, and corrective actions
Serve as primary risk and fraud liaison between Fintech partners and the Bank
Partner with management on integrating new technologies and innovative approaches for BaaS offerings
Report identified risks, issues, or incidents to the second line of defense and senior management
Coordinate across compliance, fraud management, and deposit operations
Oversee implementation of first-line defense methodologies for Bank Operations, Risk, Compliance, and Fraud Management of third-party partners
Lead and participate in project management duties for BaaS initiatives
Maintain compliance with applicable regulations, including the Bank Secrecy Act (BSA)
Perform other duties as assigned

Requirements

What you’ll need

Bachelor's degree in finance, risk management, business administration, or a related field preferred
8+ years of experience in banking compliance with a strong emphasis on fraud management
Minimum of 5 years of experience leading teams with demonstrated success coaching and motivating team members
Comprehensive understanding of federal and state banking regulations with specific expertise in fraud prevention
Compliance professional certifications are required with a focus on fraud management (e.g., CFE - Certified Fraud Examiner)
Experience in Banking as a Service (BaaS) and Fintech is highly desirable
Ability to travel up to 10% to various locations, company branches, and third-party sites nationwide
Excellent oral, written, and interpersonal communication skills with the ability to instruct others, interpret documents, and write reports and correspondence
Excellent organizational and time management skills
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations

Benefits

Comp & perks

Short-term incentives (bonus and/or commission)
Potential long-term incentives (stock awards)
Comprehensive healthcare
Well-being benefits
Paid family leave
Generous paid time off
Banking perks
Employee Stock Purchase Plan
401K plan with company match
Potential participation in Non-Qualified Deferred Compensation plan
Occasional travel for training and team meetings