Sr. Fraud and Model Risk Manager

At Early Warning, we’ve powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle®, Paze℠, and so much more. As a trusted name in payments, we partner with thousands of institutions to increase access to financial services and protect transactions for hundreds of millions of consumers and small businesses.

Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to allow for a more collaborative working environment.

Candidates responding to this posting must independently possess the eligibility to work in the United States, for any employer, at the date of hire. This position is ineligible for employment Visa sponsorship.

Overall Purpose

The SeniorFraud and ModelRisk Managerwillprovide independent oversight, challenge, and governance of the enterprise’sfraud and modelrisk activities.This rolerequiresdeep fraud/scamriskexpertise, strong analytical capabilities, and the ability toinfluence acrossfunctions and leadership levels.

Essential Functions

• Design andoperatean effective 2LOD fraud risk management program, including policies, standards,fraudrisk appetite, KRIs, tolerances, andaggregatefraud riskat enterprise level
• Provide independent oversight andchallengeof 1LOD fraud strategies, rules, controls,operationsandredteaming efforts.Oversee fraudlossmetrics, trends, and root-cause analysis.
• Provide independent oversight andgovernanceofAI/ML models, including the use of GenerativeAI.Maintain a strong modelrisk managementframework,includingbut not limited tomodelinventory,risk assessment,approval, deployment, change management, and ongoing performanceevaluation.
• Enable strong cross-functional governance and communication,establishingforums and partnerships across 1LOD, 2LOD, Compliance, Cyber Risk, Data Science, Fraud Analytics, Product, and Risk teams to support real-time information sharing and coordinated risk response.
• Support regulatory, audit, and reporting needs, including tracking regulatory developments, supporting internal and external audits, preparing risk reporting for business reviews, committees, and audits, and ensuring clear accountability for risk management decisions.
• Promote risk culture, awareness, and data protection,contributing to fraud and model risk training, stakeholder education, and supporting the organization’s commitment to safeguarding system integrity, data confidentiality, and customer trust.

Minimum Qualifications

• Bachelor’s degree inComputer Science,DataScience, RiskManagementorarelatedSTEMdiscipline
• 12+years of experience inFraud Risk Management,Model/AIRisk Management,AI/ML development,Financial Crime,Audit orCompliance roles
• Experience with Fraud Risk Assessments, KRIs and loss analytics
• Working knowledge offraud typologies (payments,identity,scams, social engineering)
• Excellent communication, organization, and interpersonal skills, withdemonstratedability to collaborate and build trust in business partners
• Demonstrated success leading risk functions in a 3LOD environment
• Experience with policy development as it relates to meeting compliance requirements
• Demonstrated ability to work effectively in a complex, highly regulated environment
• Background and drug screen

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The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.

Preferred Qualifications

• Master’s Degree
• Experience inbanking, fintech,payments, real-time P2P, cards, ACH, or network-based platforms
• Knowledge ofregulatoryguidance (e.g.,FRB SR 11-7,OCC2012-11, CFPB, FFIEC), NIST AI frameworkand fraud governance framework
• Hands-on experiencein AI/Model Risk Management
• Professional certificationssuch asCFE, CRCM,orCAMS

Physical Requirements

Working conditions consist of a normal office environment. Work is primarily sedentary and requires extensive use of a computer and involves sitting for periods of approximately four hours. Work may require occasional standing, walking, kneeling and reaching. Must be able to lift 10 pounds occasionally and/or negligible amount of force frequently. Requires visual acuity and dexterity to view, prepare, and manipulate documents and office equipment including personal computers. Requires the ability to communicate with internal and/or external customers.

Employee must be able to perform essential functions and physical requirements of position with or without reasonable accommodation.

The base pay scale for this position in:
Phoenix, AZ/ Chicago, IL / Washington, DC in USD per year is: $129,000 - $161,000.
New York, NY/ San Francisco, CA in USD per year is: $154,000 - $193,000.
Additionally, candidates are eligible for a discretionary incentive plan and benefits.

This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate’s education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers). The business actively supports and reviews wage equity to ensure that pay decisions are not based on gender, race, national origin, or any other protected classes.

Some of the Ways We Prioritize Your Health and Happiness

• Healthcare Coverage – Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.

• 401(k) Retirement Plan – Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.

• Paid Time Off – Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.

• 12 weeks of Paid Parental Leave

• Maven Family Planning – provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.

And SO much more! We continue to enhance our program, so be sure to for the latest. Our team can share more during the interview process!

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Early Warning Services, LLC (“Early Warning”) considers for employment, hires, retains and promotes qualified candidates on the basis of ability, potential, and valid qualifications without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote equal employment opportunity and affirmative action, in accordance with all applicable federal, state, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our employees.