Fraud Risk Strategy, Senior Specialist

The Vanguard Group, Inc.; Neptune (WI); Hybrid; USD 100,000 - 140,000; Full time

Benefits offered by this job

Hybrid work model

Visa sponsorship not offered

Job summary

Vanguard is seeking a Fraud Risk professional to help stay ahead of threats across wealth management, brokerage, and banking channels. You will assess controls, design improvements, and leverage automation and AI to enhance governance and risk detection.

You will collaborate with product, technology, operations, risk, compliance, and legal teams to implement practical, scalable solutions, while supporting governance through documentation and tracking of recommendations.

Qualifications

• Experience in fraud risk management, controls, operational risk, or oversight within wealth management, brokerage, banking, or financial services.
• Strong understanding of fraud threats, control design, and risk assessment practices across client, operational, and digital channels.
• Demonstrated ability to identify process improvement opportunities and translate them into practical, scalable solutions.
• Familiarity with automation, analytics, and AI-enabled capabilities relevant to fraud risk management and control optimization.
• Experience evaluating products, processes, or technology solutions through a risk and control lens.
• Strong written and verbal communication skills, with the ability to influence stakeholders and present recommendations clearly.
• Ability to operate independently, manage competing priorities, and collaborate effectively across a matrixed organization.
• Bachelor’s degree required; advanced degree or relevant certifications preferred.

Responsibilities

• Participate in industry forums and external engagements to stay current on fraud threats and evolving technology solutions.
• Monitor industry trends, regulatory developments, and market practices to strengthen fraud oversight.
• Identify and lead opportunities for process improvement and efficiency gains in fraud risk and control activities.
• Evaluate AI and other technologies to improve governance, workflows, and risk detection.
• Assess fraud technology solutions for fit, effectiveness, and scalability.
• Collaborate with cross-functional teams to drive practical fraud risk solutions and business cases.
• Support governance and oversight by documenting findings and tracking recommendations to execution.

Skills

Fraud risk management

Fraud threats awareness

Control design

Risk assessment

Process improvement

Automation analytics

AI in fraud

Risk and control evaluation

Communication

Independent work

Education

Bachelor's degree

Advanced degree or certifications preferred

Job description

Responsibilities

Participate in industry forums, peer networks, and external engagements to stay current on emerging fraud threats, evolving attack patterns, and innovative technology solutions relevant to Personal Wealth. Monitor industry trends, regulatory developments, and market practices to identify opportunities to strengthen fraud oversight capabilities. Identify, assess, and lead opportunities for process improvement and efficiency gains across fraud risk and control activities, leveraging existing tools, automation, and new technology solutions. Evaluate and apply artificial intelligence and other advanced technologies, where appropriate, to improve governance, streamline workflows, and enhance risk detection and decision support. Assess new and existing fraud technology solutions, including vendor products and internal capabilities, to determine fit, effectiveness, scalability, and alignment with business and control objectives. Partner with cross-functional stakeholders across enterprise fraud, product, technology, operations, risk, compliance, and legal to drive practical, business-aligned fraud risk solutions. Develop recommendations and business cases for control enhancements, automation opportunities, and technology adoption based on risk exposure, operational impact, and implementation feasibility. Support governance, reporting, and ongoing oversight activities by documenting findings, communicating insights, and tracking recommendations through execution.

Qualifications

Experience in fraud risk management, controls, operational risk, or oversight within wealth management, brokerage, banking, or financial services. Strong understanding of fraud threats, control design, and risk assessment practices across client, operational, and digital channels. Demonstrated ability to identify process improvement opportunities and translate them into practical, scalable solutions. Familiarity with automation, analytics, and AI-enabled capabilities relevant to fraud risk management and control optimization. Experience evaluating products, processes, or technology solutions through a risk and control lens. Strong written and verbal communication skills, with the ability to influence stakeholders and present recommendations clearly. Ability to operate independently, manage competing priorities, and collaborate effectively across a matrixed organization. Bachelor’s degree required; advanced degree or relevant certifications preferred.

Special Factors

Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don't just have a mission - we're on a mission. To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

Vanguard, one of the world's leading investment management companies, serves individual investors, institutions, employer-sponsored retirement plans, and financial professionals. We have a diverse and talented crew with a culture that promotes teamwork, along with an unwavering focus on serving our clients' best interests.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.