Wealth Management Fraud Prevention Lead

Northern Trust Corp; Chicago, Northern (IL, KY); Hybrid; USD 137,000 - 240,000; Full time

Benefits offered by this job

Discretionary bonus

Equity component

Comprehensive benefits

Retirement plan

Job summary

Northern Trust in the United States is seeking a Wealth Management Fraud Prevention Manager within WM Business Unit Control. You will lead the fraud prevention program, partner with Global Fraud, Technology, Operations and business leaders to strengthen controls and protect clients and the organization from fraud risks.

You will manage a team of fraud specialists, set priorities, drive governance, and oversee risk assessments, remediation efforts, and regulatory interactions, with a focus on

Qualifications

• Bachelor's degree or equivalent experience.
• 8-12+ years of experience in Fraud Prevention, Fraud Risk Management, Financial Crimes, Operational Risk, Compliance, Audit, or related financial-services disciplines.
• Demonstrated experience leading enterprise programs and strategic initiatives.
• Experience managing people and developing high-performing teams.
• Experience interacting with senior leaders and executive governance committees.
• Strong analytical, presentation, communication, and leadership skills.
• Ability to influence partners across business and functional boundaries.

Responsibilities

• Lead the WM Fraud Prevention Program, including strategic priorities, roadmap development, and alignment with enterprise fraud-risk objectives.
• Strengthen fraud risk management capabilities, controls, governance routines, reporting, and partner awareness across WM.
• Serve as the primary WM Control representative for fraud-related initiatives, working groups, and emerging risk discussions.
• Manage, develop, and coach fraud prevention team and supporting control professionals, Set team priorities, performance goals, development plans, and resource allocation across program needs, Promote accountability, collaboration, succession planning, and continuous improvement.
• Oversee fraud risk assessments for products, services, processes, client interactions, and technology initiatives.
• Ensure fraud risk considerations are incorporated into business changes, new-product reviews, technology enhancements, and strategic initiatives.
• Provide challenge and guidance on fraud-control design, effectiveness, escalation, and remediation of material risks or gaps.
• Lead initiatives to prevent, detect, and mitigate fraud across WM.
• Partner with Global Fraud, Technology, Operations, and business teams to implement and enhance fraud-control capabilities.
• Evaluate control effectiveness and support improvements in monitoring, authentication, analytics, and client-protection capabilities.
• Establish and maintain fraud-related KRIs, metrics, dashboards, and reporting routines.
• Analyze internal losses, fraud events, emerging threats, and industry trends to assess risk exposure and program effectiveness.
• Deliver executive reporting and governance materials for senior leadership and committees.
• Oversee fraud-prevention training, awareness, and communications for WM partners and clients.
• Promote timely awareness of emerging threats, industry trends, and fraud prevention responsibilities.
• Partner with business leadership to reinforce a strong fraud-risk culture across WM.
• Oversee remediation of fraud-related audit findings, control gaps, risk issues, loss events, and significant fraud matters.
• Ensure corrective actions are sustainable, effective, and completed within required timelines.
• Support regulatory examinations, internal audits, independent reviews, and related investigations.
• Develop partnerships with senior leaders across WM and enterprise functions.
• Influence decision-making through risk-based recommendations, data-driven insights, and stakeholder alignment.
• Represent WM within enterprise fraud governance structures.

Skills

Fraud Prevention

Risk Management

Regulatory Compliance

Leadership

Stakeholder Management

Analytical Skills

Communication

Presentation

Influence

Education

Bachelor's degree or equivalent experience

Job description

Northern Trust in the United States is seeking a Wealth Management Fraud Prevention Manager within WM Business Unit Control. You will lead the fraud prevention program, partner with Global Fraud, Technology, Operations and business leaders to strengthen controls and protect clients and the organization from fraud risks.

You will manage a team of fraud specialists, set priorities, drive governance, and oversee risk assessments, remediation efforts, and regulatory interactions, with a focus on