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Fidelity Investments · 3 days ago

Director, Fraud Risk Oversight

Jersey City, NJ

Full-time

Hybrid

Senior Level, Lead/Staff

$110K/yr - $222K/yr

10+ years exp

Fidelity Investments is a financial services company seeking a Director of Fraud Risk Oversight to enhance their fraud risk management framework. The role involves independent risk oversight, policy development, and collaboration with various stakeholders to ensure robust fraud risk management practices are in place.

Asset ManagementFinanceFinancial ServicesRetirementWealth Management

Growth Opportunities

No H1B

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 report to senior leadership, ensure appropriate issue classification, ownership, and remediation tracking

Qualification

Fraud Risk ManagementOperational Risk ManagementRisk GovernanceRisk Management PoliciesKey Risk IndicatorsCollaborative RelationshipsProject ManagementCommunication Skills

Required

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

Familiarity with Fraud Risk threats and control approaches across prevention, detection, surveillance, and response

Experiences 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

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