Senior Fraud Risk Advisor at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

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. Graduate degree preferred
Minimum of five years experience in either Fraud Operations, Risk Management, Cybersecurity, or IT
ACFE certification preferred
Familiarity with fraud rules engines and workflow management systems

Responsibilities

Provide risk guidance, oversight, and assurance services to enterprise and divisional partners based on Vanguard's operational and strategic risk framework
Manage the efficiency and effectiveness of technical risk management within the business, set measurable goals, and examine ways to raise standards, increase quality, and improve overall technical risk management efforts
Monitor progress and measure departmental success in identifying and managing risk exposure
Provide technical risk and architecture thought leadership and expertise; lead and assist the business in the development, implementation, and management of short- and long-term technical risk management strategies in accordance with department goals, objectives, and standard risk management policies and procedures
Work with the business to mitigate risks and optimize process efficiency; use IT industry best practice knowledge to design effective controls and make recommendations for developing new technical risk management strategies
Provide 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; identify potential solutions and recommend development options
Develop strong relationships with enterprise and divisional clients to understand their ongoing risk needs; build credibility as a thought partner and effectively persuade and influence others
Assess the design of existing controls and make recommendations, leveraging industry best practices for improvement as needed; understand the risk management framework and utilize core concepts when discussing risk exposures with the business
Identify and advise on opportunities for continuous quality improvement of technical standards, methodologies, and technologies
Participate in special projects and perform other duties as assigned
Ensure the development and implementation of effective divisional risk controls

Skills

Fraud Risk Management

Technical Risk Assessment

Risk Architecture

IT Controls

Risk Mitigation

Risk Oversight

Process Optimization

IT Best Practices

Vanguard

Client-owned investment management firm offering low-cost funds

About Vanguard

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a competitive performance track record.

Kline Township, PennsylvaniaHeadquarters

1975Year Founded

SECONDARYCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off

Risks

Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.

Vanguard's stake in Steelcase exposes it to the volatile furniture market.

New active bond ETFs may struggle in a low-yield environment with increasing competition.

Differentiation

Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.

The firm offers low-cost investment products, making it attractive to cost-conscious investors.

Vanguard's ownership structure allows it to focus on long-term investor value.

Upsides

Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.

The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.

Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

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