Head of Fraud & Risk Data Science
Sardine$220,000 - $270,000/year
Full Time
Senior (5 to 8 years)
Director, Fraud Risk Oversight at Fidelity Investments
Jersey City, New Jersey, United States
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries
Requirements
- 10+ years of risk management experience in roles such as Fraud Risk Management, Operational Risk Management, or Enterprise Risk Management at complex financial services institutions (e.g., brokerage, wealth management, banks, or fintech companies). Risk oversight experience preferred
- Familiarity with Fraud Risk threats and control approaches across prevention, detection, surveillance, and response
- Experience in development of risk management policies, standards, and frameworks
- Strong knowledge of Operational Risk Management practices and approaches, including best practices related to process/risk/control framework implementation, operational risk assessments, incident management, control validation strategies, as well as the implementation of Key Risk Indicators and reporting to drive effective risk governance with business partners
- Project management skills preferred
- Excellent social skills including succinct written and verbal communication. Ability to deliver engaging and persuasive presentations and reporting
- Ability to build and maintain collaborative working relationships with partner teams
Responsibilities
- Provide independent risk oversight and challenge to 1st line fraud and operational functions
- Develop and maintain fraud risk management policies and standards to define governance structure, roles and responsibilities, and control requirements
- Oversee fraud risk incident and issue management, ensuring timely escalation, root cause analysis, and end-to-end remediation
- Collaborate with stakeholders to define fraud risk metrics, key risk indicators (KRIs), and reporting frameworks that support risk appetite and tolerance management
- Prepare and deliver executive-level materials for risk governance forums and committees, including fraud risk updates, emerging trends, and strategic recommendations
- Drive fraud risk advisory support to key stakeholders in the development of new products, services, and key business projects, ensuring proactive risk identification and control design
- Lead independent risk assessments and control testing/validation to optimize control effectiveness and efficiency. Deliver assessment reports to senior leadership, ensure appropriate issue classification, ownership, and remediation tracking
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What experience level is required for this Director, Fraud Risk Oversight role?
The role requires 10+ years of risk management experience in roles such as Fraud Risk Management, Operational Risk Management, or Enterprise Risk Management at complex financial services institutions.
What are the key responsibilities in this position?
Key responsibilities include providing independent risk oversight, developing fraud risk management policies and standards, overseeing incident and issue management, collaborating on risk metrics and reporting, and leading risk assessments and control testing.
Is this a remote position or does it require office work?
This information is not specified in the job description.
What is the salary or compensation for this role?
This information is not specified in the job description.
What skills make a strong candidate for this role?
Strong candidates will have familiarity with Fraud Risk threats and controls, experience developing risk management policies and frameworks, strong knowledge of Operational Risk Management practices, project management skills, and excellent communication abilities for presentations and stakeholder collaboration.
Fidelity Investments
Investment management and financial services provider
About Fidelity Investments
Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.
Boston, MassachusettsHeadquarters
1946Year Founded
$120,238.8MTotal Funding
DEBT_FINANCINGCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees