AVP, Fraud Risk Strategy & Controls

State Street; Clifton (NJ); On-site; USD 90,000 - 158,000; Full time

Benefits offered by this job

401K matching

Paid time off

Employee assistance program

Job summary

State Street Wealth Services - Wealth Custody and Clearing seeks a Business Risk Advisor, Assistant Vice President, specializing in fraud risk, strategy and controls. You will serve as the primary fraud risk subject matter expert and support leadership in identifying, assessing, mitigating, monitoring and reporting fraud risk across the business.

Role: ~80% fraud risk management and ~20% broader BRM duties within a regulated financial services environment.

Qualifications

• Bachelor's degree or equivalent in finance, risk management or related field.
• 7+ years of fraud risk management experience in regulated financial services.
• Experience with fraud risk assessments, control design, monitoring and analytics.
• Strong knowledge of fraud typologies and risk/control frameworks.
• Experience in onboarding, authentication, money movement, digital channels and privileged access.
• Professional certification such as CFE, CAMS or CFCS is preferred.

Responsibilities

• Maintain and enhance fraud risk framework, governance routines and risk taxonomy.
• Lead fraud risk assessments across products, processes and channels; identify exposures and gaps.
• Develop and maintain fraud prevention/detection strategies; implement controls with owners.
• Define fraud control requirements for onboarding, authentication, and high-risk activities.
• Establish and monitor fraud KPIs, dashboards and reporting for senior management.
• Collaborate with Operations, Product, Technology, Data, Cybersecurity and third parties.
• Coordinate incident response and remediation with cross-functional teams.
• Support broader enterprise risk management and governance initiatives.

Skills

Fraud risk management

Risk governance

Regulated financial services exposure

Education

Bachelor's degree in finance or related field

7+ years fraud risk management experience

Regulated financial services experience

Certifications: CFE/CAMS/CFCS preferred

Tools

Archer

OpenPages

Tableau

SharePoint

Job description

State Street Wealth Services - Wealth Custody and Clearing seeks a Business Risk Advisor, Assistant Vice President, specializing in fraud risk, strategy and controls. You will serve as the primary fraud risk subject matter expert and support leadership in identifying, assessing, mitigating, monitoring and reporting fraud risk across the business.

Role: ~80% fraud risk management and ~20% broader BRM duties within a regulated financial services environment.