Director, Fraud Risk Oversight

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Job Description:

** The Role
** The Fraud Risk Oversight team works in close partnership with 1st line Fraud Operations teams and Business Units across the firm to develop and enhance overall fraud risk management framework. As a Senior Manager, you will report to the Head of Fraud Risk Oversight and play a key role in developing and leading critical components of the program, including risk governance, incident and issue management, and risk assessments.

You will collaborate extensively with Fidelity’s risk organization, first line fraud teams and business groups, providing subject matter expertise to support the development of a robust Fraud Risk Management program.
** Key responsibilities will include:
*** Provide independent risk oversight and challenge to 1st line fraud and operational functions.
* Develop and maintain fraud risk management policies and standards to define governance structure, roles and responsibilities, and control requirements.
* Oversee fraud risk incident and issue management, ensuring timely escalation, root cause analysis, and end-to-end remediation.
* Collaborate with stakeholders to define fraud risk metrics, key risk indicators (KRIs), and reporting frameworks that support risk appetite and tolerance management
* Prepare and deliver executive-level materials for risk governance forums and committees, including fraud risk updates, emerging trends, and strategic recommendations
* Drive fraud risk advisory support to key stakeholders in the development of new products, services, and key business projects, ensuring proactive risk identification and control design.
* Lead independent risk assessments and control testing / validation to optimize control effectiveness and efficiency. Deliver assessment report to senior leadership, ensure appropriate issue classification, ownership, and remediation tracking
** The Expertise and Skills You Bring
**** Key experience and expertise factors:
*** 10+ years of risk management experience in roles such as Fraud Risk Management, Operational Risk Management, or Enterprise Risk Management at complex financial services institutions, e.g. brokerage, wealth management, banks or fintech companies. Risk oversight experience preferred
* Familiarity with Fraud Risk threats and control approaches across prevention, detection, surveillance, and response.
* Experiences in development of risk management policies, standards, and frameworks.
* Strong knowledge of Operational Risk Management practices and approaches – including best practices related to process/risk/control framework implementation, operational risk assessments, incident management, control validation strategies, as well as the implementation of Key Risk Indicators and reporting to drive effective risk governance with business partners.
* Project management skills preferred.
* Excellent social skills including succinct written and verbal communication. Ability to deliver engaging and persuasive presentations and reporting.
* Ability to build and maintain collaborative working relationships with partner teams.
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* Note:

Fidelity is not providing immigration sponsorship for this position
**** The Team
** The Fraud Risk Oversight team serves as second line of defense, providing oversight and support to the enterprise-wide for Fidelity’s fraud risk management program. The team is part of the Risk organization supporting Fidelity’s Workplace Investing (WI), Retail Brokerage, and Wealth Management business lines, and reports directly to the Head of WI, Wealth and Brokerage Risk. More broadly, the function sits within the Fidelity’s Risk Group, which includes the major Risk functions from across the enterprise and employs a range of Risk Management programs and capabilities.

Central to the Risk Group’s mission is close collaboration with partners throughout the Firm – including Business Leaders, Legal, Compliance, Audit, and Security – in pursuit of our common goal of protecting the Firm, its associates, and customers.

The base salary range for this position is $,000 USD per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant…