Enterprise Fraud Risk Manager

Enterprise Fraud Risk Manager

The Enterprise Fraud Risk Manager will lead a team of fraud governance professionals as part of the Enterprise Fraud Risk Management 2LOD team within the Risk Management and Compliance business line. This risk manager position will ensure proper governance, risk, and control activities are conducted that directly or indirectly impact the Company's fraud risk and will report to the Director of Enterprise Fraud Governance.

Key responsibilities include :

• Lead and mentor a team of fraud risk professionals, fostering continuous improvement while guiding risk identification, escalation, and cross-functional collaboration with business line contacts
• Oversee fraud risk assessment processes and early engagement efforts with business lines to ensure effective controls are in place for business changes, aligning with policy and strategic risk mitigation
• Work cross-functionally with business line product and enablement partners to evaluate, identify, and influence adoption of a risk-based approach to mitigate potential fraud risk from either new product development / modification of an existing product offering / significant strategy update
• Actively oversee their team in the execution of fraud risk management governance routines, such as the :
• Evaluation of all fraud-related PRISMs
• Independent fraud risk assessments
• Fraud incident oversight
• Root Cause Analysis of large adverse events
• Fraud risk assessment of Third-Party Service Providers
• Fraud related complaint analysis
• Partner closely with the PRISM office and business line stakeholders on key initiatives including ongoing assessment of the PRISM fraud assignment criteria and other strategic ventures and acquisitions
• Stay on top of emerging fraud risks in the industry to ensure the assessments take into consideration current operating environment and speed of execution
• Drive and support strategic fraud risk initiatives and special projects as needed, contributing to enterprise-wide fraud risk mitigation and governance enhancements
• Collaborate and provide support to partners within the Enterprise Fraud Risk Management and other second line partners

Additionally, this role must have a thorough understanding of applicable laws, regulations, financial services, and regulatory trends that affect the organization. This role will interact directly with other peers and senior managers, requiring well developed presentation, relationship building, and negotiation skills. Lastly, a successful candidate will also possess the skills needed to effectively and credibly communicate with peers and senior managers across the organization in an evolving regulatory environment.

Basic Qualifications - Bachelor's degree, or equivalent work experience - Typically more than 10 years of applicable experience

Preferred Skills / Experience - 8 or more years of related fraud experience - Advanced understanding of the business line's operations, products / services, systems, and associated risks / controls - Thorough knowledge of Risk / Compliance / Audit competencies - Strong leadership and management skills of processes, projects and people - Effective written and verbal communication skills - Strong analytical, problem-solving and negotiation skills - Proficient computer skills, especially Microsoft Office applications - Applicable professional certifications

The role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.