Risk Management Principal – Spending Account Card Program, Counter Fraud, Financial Integrity

This is a fully remote position, open to applicants in Illinois, +4 more states.

📋 Description

• Develop and uphold the counter fraud strategy and operational framework for the Spending Account Card Program.

• Design and execute fraud risk governance, policies, procedures, and controls.

• Perform fraud risk assessments to identify emerging threats, vulnerabilities, and gaps in controls.

• Conduct financial, operational, and fraud-oriented audits of program activities and assigned vendors.

• Ensure the accuracy of financial records, reconciliation processes, control effectiveness, and program expenditures.

• Oversee and challenge the fraud prevention, detection, investigation, and recovery efforts of delegated vendors.

• Lead investigations into the root causes of fraud incidents, financial losses, process failures, and control deficiencies.

• Drive corrective actions and sustainable improvements in controls to mitigate future risks.

• Keep abreast of regulatory changes and perform regulatory research to inform risk-based business decisions.

• Establish reporting, monitoring, key risk indicators, and performance metrics.

• Collaborate with Compliance, Finance, Legal, Enterprise Risk, and Operational leaders to enhance program integrity.

• Present audit findings, fraud risks, and strategic recommendations to senior management.

• Assist in regulatory examinations, audits, and enterprise risk management initiatives.

• Act as the primary expert on fraud risk management related to spending account card products.

• Tackle new fraud, operational, and financial risks through tactical issue management, investigations, and corrective measures.

• Provide independent oversight of delegated vendors and validate fraud, financial, and operational controls.

⛳️ Requirements

• Bachelor's Degree.

• Over 10 years of experience in fraud risk management, auditing, investigations, financial integrity, compliance, accounting, or enterprise risk management.

• Certified Fraud Examiner (CFE) credential.

• Proven experience in conducting financial, operational, vendor, or fraud-focused audits.

• Demonstrated experience in developing policies, controls, governance frameworks, and monitoring programs.

• Experience managing third-party vendors and delegated service providers.

• Strong understanding of fraud risk management, financial controls, auditing principles, and root cause analysis.

• Proficient in researching, interpreting, and applying complex regulatory, contractual, and compliance requirements.

• Capable of making sound, risk-based recommendations.

• Ability to influence senior leaders and spearhead complex cross-functional initiatives.

• Excellent written and verbal communication abilities.

• Previous experience presenting to senior management.

🏝️ Benefits

• Bonus incentive plan based on company and/or individual performance.

• Medical benefits.

• Dental benefits.

• Vision benefits.

• 401(k) retirement savings plan.

• Paid time off.

• Company holidays.

• Personal holidays.

• Paid parental leave.

• Paid caregiver leave.

• Short-term disability.

• Long-term disability.

• Life insurance.

• Self-provided internet service for remote employees.

• Dedicated workspace to safeguard member PHI / HIPAA information.

• Whole-person wellness and intelligent healthcare decision support.