Fraud Rules Senior Analyst - Assistant Vice President
About The Position
The Wealth Management (WM) Chief Data Office (CDO) sits within the WM Risk organization and strives to find the right balance between risk management and business enablement. WM CDO’s mission is to: prevent unauthorized access to or misuse of client sensitive data and assets; abide by relevant privacy laws and regulations; effectively retain, retrieve, and protect information and records at the Firm; and mitigate risks caused by inaccurate, untimely, or incomplete WM data. The External Fraud Risk Team within WM CDO works to define appropriate fraud risk thresholds for WM and govern controls that keep net external fraud losses within tolerance while achieving business objectives. Role Description: The External Fraud Risk Team seeks an Assistant Vice President to execute on the inventory, review, and continuous monitoring of WM’s fraud rules. This individual will support efforts to build an automated strategic inventory of fraud rules, perform gap analyses, and continually test rules for implementation issues. They will also maintain analytics and metrics to monitor the overall health of WM’s fraud rules and perform ad hoc data analysis and documentation tasks when there are fraud incidents and senior management queries related to fraud rules.
Requirements
- 3-5 years of relevant experience
- Experience with fraud rule implementations that balance fraud risk with business enablement and client friction
- Understanding of Agile SDLC and software QA testing
- Ability to build analytics and automations using tools like Python, SQL, and Dataiku
- Strong attention to detail and experience producing precise documentation that holds up to scrutiny
- Ability to partner with external stakeholders and drive projects to completion in a large matrixed organization
- Experience using content and project management tools, including SharePoint, Jive, and Jira
- Exceptional critical thinking, problem-solving, and research skills
- Comfort escalating risks and decisions
- Excellent written and verbal communication skills, with the ability to communicate at all levels within the organization
Nice To Haves
- Solid understanding of cybersecurity, network security principles, and authentication controls
- Experience with incident response and root cause analysis
- Familiarity with the evolving Artificial Intelligence landscape and an understanding of capabilities
- Knowledge of the financial services industry; preferably in wealth management, risk management, or technology
Responsibilities
- Serving as a subject matter expert on WM’s fraud rules
- Assisting in project managing the implementation of WM External Fraud Risk’s fraud rules testing platform
- Enhancing WM External Fraud Risk’s fraud rules testing platform to ensure coverage for new WM products and services such as crypto, digital assets, and banking and lending products
- Conducting extensive research and data analysis to enable the optimization of rules as the fraud landscape evolves
- Using WM External Fraud Risk’s fraud rules testing platform to continually identify, confirm, and remediate fraud rule gaps in partnership with external stakeholders and control owners
- Tuning analytics that evaluate the trade-offs between fraud rule/control effectiveness and client friction as new rules and controls are introduced
- Liaising with external stakeholders to interpret and translate fraud control requirements for the WM business
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
