Fraud Operations Leader

Global Risk and Security (GR&S) at Vanguard enables business strategy protects client and Vanguard interests (e.g. assets and data) and stewards a strong risk culture. Our teams leverage enterprise-wide insights deep expertise and trusted advice so that across Vanguard leaders and crew drive faster stronger risk-informed decisions.

Within GR&S the Enterprise Security and Fraud (ES&F) sub-division is responsible for the global protection of Vanguard crew property data and client assets. We are the trusted advisors that protect the pride of Vanguard with state-of-the-art security and fraud capabilities. We are a world-class destination of highly engaged passionate and diverse talent expected to continuously learn and develop in an ever-changing security landscape.

Our crew are our greatest resource by joining our team you will build collaborative long-term relationships and enjoy a suite of benefits that includes comprehensive health and wellness care work-life balance and an investment in your future at its core.

Key Responsibilities

1. Fraud Operations Design & Transformation

a) Lead the design and build out of an end-to-end fraud operations model covering prevention / detection alert servicing investigations client communication and recovery processes.

b) Define operating model blueprints - including team structure workflow segmentation (e.g. by fraud typology or by payment type such as ACH wire check digital vs non-digital) and performance metrics.

c) Introduce call-handling frameworks fraud escalation procedures and client experience standards aligned to regulatory and customer-centric expectations.

d) Collaborate with fraud strategy and technology teams to operationalize new controls alerts and authentication layers.

2. People Leadership & Capability Building

a) Recruit train and lead a team of fraud analysts investigators and team leads with a focus on analytical thinking client empathy and operational excellence.

b) Develop a culture of continuous improvement accountability and cross-functional collaboration.

c) Create training and certification programs for fraud operations staff to ensure readiness for new tools and evolving typologies.

3. Tooling & Process Optimization

a) Partner with technology data and fraud strategy teams to select test and implement core fraud-management tools in operations (e.g. case management CRM integration call authentication solutions).

b) Redesign legacy processes and manual touchpoints into streamlined automated and well-controlled workflows.

c) Define functional requirements for tooling enhancements and integrations with upstream (detection) and downstream (servicing client outreach) systems.

4. Risk Management & Controls

a) Implement control frameworks for case handling customer verification loss prevention and escalation management.

b) Ensure adherence to regulatory requirements as applicable (FINRA Reg AML / Fraud overlap) and internal audit standards.

c) Partner with risk / compliance to define thresholds decisioning authority and documentation standards.

5. Client Experience & Communication

a) Partner with Vanguard client experience teams to design a fraud operations servicing experience that balances security and client satisfaction.

b) Establish SLAs and KPIs around response times fraud alert decision quality Average case handle time etc.

6. Cross-Functional Partnership

Work closely with fraud prevention product and client facing operations teams to support new product launches and digital features. Collaborate with finance and other internal functions to track and report fraud losses and recovery performance.

Qualifications

• Bachelors degree in business Risk Management Operations or related field.
• 8 years of experience in fraud operations preferably within retail banking payments or fintech.
• Proven experience in building or transforming fraud operations functions.
• Deep understanding of fraud types (new accounts account take over - ACH wire check debit digital) client authentication and case management workflows.
• Demonstrated ability to lead teams through operational change and technology adoption.
• Strong understanding of regulatory requirements and control environments.

Special Factors

Sponsorship

Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard we dont just have a missionwere on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members designed to capture the benefits of enhanced flexibility while enabling in-person learning collaboration and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

Key Skills

Problem Management,ISO 9001,Process Improvement,Warehouse Experience,Business Management,Project Leadership,IT Service Management,Project Management,Strategic Planning,DoD Experience,Clamp Truck,Leadership Experience

Employment Type : Full-Time

Experience : years

Vacancy : 1