Manager, Wealth Management Fraud Prevention

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure:
Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

The Wealth Management (WM) Fraud Prevention Manager leads the WM Fraud Prevention Program within WM Business Unit Control, with responsibility for program strategy, governance, control effectiveness, fraud risk oversight, education, metrics, issue remediation, and emerging risk identification. The role partners with Global Fraud, Operations, Compliance, Risk Management, Technology, Audit, Legal, and WM business leaders to strengthen the fraud control environment, implement fraud prevention capabilities, and protect clients and the organization from fraud-related risks.

The manager will lead a team of fraud specialists, setting priorities and driving execution across WM.

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.

Ensu…