Wealth and Retail Fraud Risk 2nd LOD, Senior Vice President

• Oversee the application of fraud risk policies, tools, and governance processes, creating sustainable solutions for minimizing losses resulting from failed internal processes, inadequate controls, and emerging risks related to fraud
• Design and oversee the implementation of robust control measures to mitigate identified fraud risks
• Independently assess fraud risks within the business, ensuring that the level of exposure to potential fraud risk is within the organization's acceptable risk appetite
• Review and challenge the effectiveness of risk mitigation strategies and control measures implemented by the 1st line of defense
• Build and maintain effective relationships with Business partners, establishing credibility by understanding the business, their needs, strategic priorities, and challenges
• Provide strategic fraud risk advisory and support to the business and other stakeholders
• Guide them in making informed decisions that consider the potential impacts and risks of fraud
• Partner with key stakeholders to drive fraud risk management strategy in alignment with organizational objectives and risk appetite
• Support independent oversight and assurance over the bank’s broader operational risk management frameworks, ensuring compliance with regulatory requirements and internal policies
• Support internal and external audits and regulatory examinations, as applicable
• Report and escalate significant risk issues and breaches to executive management
• Partner with Sr. management on the reporting and presentation of fraud risk status, trends, and key developments to the board, regulators, and other key stakeholders, as applicable
• Foster a culture of fraud risk management awareness and accountability in the organization, ensuring that employees understand their roles and responsibilities in preventing, detecting, and reporting fraudulent activities

• 10+ years of experience
• 5-7+ years in or supporting Wealth or asset management businesses, product segments, or high net worth customer bases
• Robust understanding of fraud risk, and broader operational risk management frameworks, industry standards, regulatory requirements, and risk mitigation practices
• Demonstrated leadership in coordinating with business units and senior management to address fraud risk issues and implement solutions
• Demonstrated track record of effectively assessing and managing competing priorities
• Experience interacting with Regulators and Internal Audit
• Previous experience working on complex firm-wide projects or processes
• Effective leadership ability to credibly challenge and influence stakeholders
• Comfortable in dynamic environments, capable of adapting to change while maintaining focus on risk management objectives
• Ability to think strategically and align fraud risk management with organizational goals and regulatory obligations
• Excellent communication skills, with the ability to interact effectively at all levels, develop strong partnerships across the organization, and present complex information clearly to senior management and stakeholders
• Compelling leadership qualities with ability to credibly challenge the 1st line and influence stakeholders
• Effective stakeholder management skills, with the ability to understand drivers and overcome barriers
• Dynamic negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views
• Robust analytical problem-solving abilities and a high level of integrity to deal with highly confidential data
• Deep expertise across fraud typologies, for internal and external fraud types including scams, account takeover, deposit/check fraud, debit card fraud, and trading fraud
• Strong knowledge of NACHA rules, UCC frameworks, and payment/lending related fraud risks
• Proven experience designing and managing fraud detection rules, alerts, and control frameworks
• Strong understanding of authentication mechanisms and fraud prevention technologies
• Demonstrated ability to analyze complex datasets, derive insights, and translate findings into control enhancements
• Experience balancing fraud risk mitigation with client experience and business objectives
• Bachelor's/University degree, Master's degree preferred

Master's degree preferred

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
• discretionary and formulaic incentive and retention awards