Senior Fraud Risk Advisor

Vanguard • Charlotte, NC

43d • Hybrid

About The Position

As a Senior Fraud Risk Advisor, you will play a pivotal role in the Technology Risk function focused on enhancing line 2 oversight of Vanguard's Enterprise Security & Fraud services. In this role you will act as an independent challenger and advisor to Fraud and will influence critical initiatives, execute risk assessments, manage top risks, and ensure comprehensive controls exist while collaborating with other risk partners and business units across the global organization. In addition to supporting Fraud more broadly, this role will partner closely on Vanguard's evolving Cash & Savings program. This senior position is dynamic and highly visible that will allow you to deliver tangible value in enhancing our ability to protect clients as well as influence our Fraud team's strategy. An ideal candidate is: • Well versed in fraud typologies and current fraud attack patterns, including risks specific to cash management, with the ability to effectively analyze on-the-horizon threats to drive agile risk management. • Strong in communication and written skills to influence senior decision makers. • Experienced working across the fraud risk & controls lifecycle including fraud prevention (including deployment of AI/ML models), detection, response, and wider risk management. • Experienced in enhancing methodologies to measure and quantify fraud risk exposure. • Well versed in the three lines of defense model and able to provide guidance on roles and responsibilities to stakeholders. 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 Vanguard leaders and crew drive faster, stronger, risk-informed decisions.

Requirements

• Experience in fraud risk management ideally with a focus on cash management or payments with a good knowledge of regulatory frameworks and industry guidance.
• Undergraduate degree or equivalent combination of training and experience.
• Minimum of five years experience in either Fraud Operations, Risk Management, Cybersecurity, or IT
• Familiarity with fraud rules engines and workflow management systems

Nice To Haves

• Graduate degree preferred.
• ACFE certification preferred

Responsibilities

• Provide risk guidance, oversight, and assurance services based on Vanguard's operational and strategic risk framework to enterprise and divisional partners. Ensures the development and implementation of effective divisional risk controls.
• Manages the efficiency and effectiveness of technical risk management within the business. Sets measurable goals and examines ways to raise standards, to increase quality and to improve overall technical risk management efforts of the team. Monitors progress and measures departmental success in identifying and managing risk exposure.
• Provides technical risk and architecture thought leadership and expertise. Leads and assists the business in the development, implementation and management of short- and long-term technical risk management strategies in accordance with department goals and objectives as well as standard risk management policies and procedures.
• Works with the business to mitigate risks and optimize process efficiency. Uses IT industry best practice knowledge to design effective controls, and makes recommendations for developing new technical risk management strategies for the business. Provides consultation, facilitation and analytical support to the divisional management team as new products, services, processes and procedures are developed to ensure risk is properly mitigated. Identifies potential solutions and recommends development options.
• Develops strong relationships with enterprise and divisional clients to understand their ongoing risk needs. Builds credibility as a thought partner, and effectively persuades and influences others.
• Assesses the design of existing controls and make recommendations, leverages industry best practice for improvement as needed.â Understands the risk management framework and utilizes the core concepts when discussing risk exposures with the business.â Identifies and advises on opportunities for continuous quality improvement of technical standards, methodologies, and technologies.
• Participates in special projects and performs other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Funds, Trusts, and Other Financial Vehicles
• Number of Employees: 5,001-10,000 employees