Job Description Summary
Under limited direction, uses extensive knowledge and skills in securities and/or banking industry and financial crimes management obtained through experience, specialized training and/or certification to develop, administer, and lead the Fraud Governance pillar of the firm’s global Fraud Risk Management program. Responsible for shaping and advancing the enterprise fraud risk governance framework to ensure continued program strength amidst rapidly evolving fraud threats, by driving fraud program strategy and design, policies and standards, risk assessments, risk monitoring and reporting, regulatory response, issue management, and governance forums. Provides strategic direction for the firm’s fraud risk management practices and partners with senior leaders across business units and control functions to drive consistent, risk-based governance and accountability. Leads enterprise-wide governance committees and working groups, communicates material fraud risks and program priorities to executive stakeholders, and oversees a team responsible for executing fraud governance activities and global business unit oversight. Works independently on difficult assignments that are broad in nature requiring originality and ingenuity with appreciable latitude for unreviewed actions or decisions. Provides comprehensive solutions to complex problems.
Job Description
Essential Duties and Responsibilities
• Own and drive the evolution of the enterprise fraud governance strategy and framework, shaping program priorities and driving measurable progress in alignment with the firm’s broader Enterprise Fraud Risk Management (EFRM) program, strategic priorities, and regulatory expectations.
• Lead the development, maintenance, and enhancement of enterprise-level fraud-related policies, standards, governance processes, and supporting procedures.
• Provide strategic oversight of internal and external fraud risk assessments, including identity theft risk assessments, and drive action plans to address identified gaps and opportunities enabling continual advancement of the firm’s global anti-fraud program.
• Establish and oversee the enterprise fraud risk monitoring and reporting framework, including Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), risk themes, and executive-level reporting.
• Anticipate and respond to a rapidly changing fraud landscape by translating emerging threats, regulatory developments, industry practices, and peer approaches into forward-looking program strategy and impactful governance enhancements
• Set the direction for the firm’s Enterprise Fraud Risk Management Committee and related enterprise governance forums, including agenda strategy, executive materials, issue escalation, decision-making, and follow-through.
• Serve as a primary fraud governance liaison to senior and executive management, presenting material fraud risks, program performance, strategic priorities, emerging issues, and recommended actions.
• Drive enterprise-wide coordination and accountability for fraud risk management practices across global business units, including governance reviews, working groups, and escalation of material gaps.
• Provide strategic direction for fraud-related regulatory change management, ensuring requirements are identified, assessed, translated into governance expectations, and implemented across impacted areas.
• Lead and coordinate responses to regulatory exams, inquiries, internal audits, and independent reviews related to fraud risk management and governance.
• Oversee the management and escalation of fraud-related issues and corrective actions, ensuring appropriate ownership, documentation, remediation, and timely resolution.
• Partner with various control and process owners, including leaders in Financial Crimes Management, Analytics, Operations, Risk, Technology, Compliance, Legal, Supervision and other…