Product Manager - Fraud and Risk Management

GEICO; Chevy Chase (MD); On-site; USD 100,000 - 158,000; Full time

Job summary

Join a leading insurance company as a Product Manager in Fraud and Risk Management, where you'll lead the strategic management of fraud detection and risk assessment initiatives. Collaborate across teams to enhance product features aimed at preventing insurance fraud and managing risk effectively, while enjoying a supportive and innovative work culture.

Benefits

401K with 6% match

Tuition assistance

Flexible work options

Qualifications

• 3+ years in product management, delivering successful products.
• Experience with Agile methodologies.
• Strong understanding of fraud detection and risk management.

Responsibilities

• Own and maintain the product backlog for fraud and risk management solutions.
• Translate business requirements into user stories.
• Define product metrics and monitor performance.

Skills

Analytical skills

Problem-solving

Communication

Tools

JIRA

Azure DevOps

Job description

Product Manager - Fraud and Risk Management

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Product Manager - Fraud and Risk Management

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At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities.

Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers’ expectations while making a real impact for our company through our shared purpose.

When you join our company, we want you to feel valued, supported and proud to work here. That’s why we offer The GEICO Pledge: Great Company, Great Culture, Great Rewards and Great Careers.

We are seeking a highly motivated and experienced Product Manager to lead the strategic and tactical management of backlogs for fraud and risk management initiatives within our insurance services area. In this role, you will be responsible for defining, prioritizing, and delivering product features and enhancements related to fraud detection models, risk assessment tools, and insurance fraud prevention services. You will collaborate cross-functionally with engineering, data science, underwriting, claims, and compliance teams to build and deliver innovative, data-driven solutions that mitigate risk and protect our book of business.

Key Responsibilities

• Own and maintain the product backlog for fraud and risk management insurance solutions.
• Translate business and regulatory requirements into user stories with clear acceptance criteria.
• Collaborate with data scientists and fraud analysts to integrate predictive models and machine learning solutions into core products.
• Work with engineering to plan sprints, ensure delivery timelines, and optimize backlog health.
• Partner with internal stakeholders to identify fraud prevention and risk reduction opportunities.
• Conduct competitive analysis and stay informed on industry best practices and regulatory updates.
• Define product metrics, monitor performance, and iterate based on feedback and analytics.
• Serve as the subject matter expert on fraud and risk trends in the insurance domain.
  
  

Basic Qualifications

• 3+ years of experience in product management, with a track record of delivering successful products in a fast-paced environment.
• Understanding of fraud and risk management including market trends, customer needs, and competitive landscape.
• Proven analytical and problem-solving abilities, with a data-driven approach to decision-making.
• Experience working with Agile methodologies and tools such as JIRA or Azure DevOps.
• Must be able to communicate effectively verbally and in writing.
  
  

Preferred Qualifications

• Strong understanding of fraud detection methodologies, risk scoring, and insurance claims workflows.
• Experience in P&C, financial, health insurance fraud systems.
• Knowledge of compliance standards (e.g., SOC 2, ISO 27001) related to risk data.
• Familiarity with third-party fraud/risk platforms (LexisNexis, FICO, FRISS).
• Experience working with machine learning models or collaborating closely with data science teams.
• Exceptional organizational skills with a proven ability to manage complex backlogs.
  
  

Annual Salary

$100,450.00 - $157,850.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge

Great Company: At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers: We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind. You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture: We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards: We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year.
  
  

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management and Marketing

• Industries

  Insurance

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