The Director of Fraud Risk, Sr. Fraud Risk Consultant is responsible for developing, implementing, and maintaining the fraud risk management framework within Choice. This role ensures adherence to policies, standards, and best practices related to fraud prevention and detection. The Director of Fraud Risk collaborates with business units, analyzes risk data, and provides strategic recommendations to mitigate fraud risks.
Responsibilities
Fraud Risk Oversight
Oversees and implement the fraud risk management framework.
Own, refine and monitor adherence of the Enterprise Fraud Risk Management policies and standards.
Directly oversee the execution of risk management activities, such as:
Governance reporting
Risk reporting trend analysis
Fraud Risk Assessment and inform business leaders on their control environment and emerging trends
Risk and Control inventory and RCSA reviews
Translate control deficiencies into recommendations and action plans
Fraud issue and incident management
Identify critical areas of monitoring and escalation to appropriate stakeholders
Complaints analysis
Maintain oversight and governance for the execution of risk-related initiatives.
Collaborate with business units and supporting functions.
Understand internal systems and processes to understand how they interact in order to identify opportunities to reduce fraud losses.
Monitor key risk indicators against risk appetite and tolerance set by the Financial Crimes Compliance team.
Own and develop the firmwide fraud risk training agenda/curriculum across the enterprise.
Collaborate and participate in interactions with Internal Audit and Regulatory Affairs.
Qualifications
Bachelor's degree in business, finance, economics, or another applicable field or equivalent experience.
Typically 7-10 years of applicable experience in risk management, compliance and/or governance within the financial services industry preferred.
Knowledge of banking products, processes and regulations including Reg CC, Reg E, Reg Z, NACHA, UDAAP and related regulations.
Subject matter expertise in managing fraud risks and supporting fraud prevention and operations within the financial services industry.
Nice to have includes advanced degree; relevant industry certifications, for example ACAMS, CFE
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking
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