At a Glance
- Tasks: Lead fraud risk strategy and enhance controls in Wealth Management.
- Company: Join Goldman Sachs, a leader in financial services with a commitment to innovation.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on collaboration and continuous improvement.
- Why this job: Shape the future of fraud prevention while making a real impact in finance.
- Qualifications: Experience in fraud risk management and strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
The Wealth Management Fraud Strategy team is accountable for the design, oversight, and continuous enhancement of the firm's fraud risk management framework across Wealth Management businesses.
The Vice President, Fraud Strategy plays a senior role in shaping fraud risk strategy, strengthening preventative and detective controls, and providing subject‑matter expertise across account lifecycle and payment processes in support of Private Wealth Management and Marcus by Goldman Sachs.
Responsibilities
- Drive the development and ongoing optimization of fraud risk controls across Wealth Management.
- Define and maintain fraud prevention and detection requirements across account onboarding, account maintenance, and money movement processes.
- Design and enhance data‑driven fraud strategies to mitigate emerging and evolving fraud risks while supporting fair customer outcomes.
- Provide oversight of the fraud strategy roadmap, ensuring clear prioritization, risk‑based decision‑making, and effective execution.
- Partner with Product and Engineering teams to translate risk requirements into functional specifications and robust technology solutions.
- Lead and develop a high-performing fraud strategy team, fostering strong risk capability and technical expertise.
- Monitor fraud trends, typologies, and loss drivers through structured MI, dashboards, and control reporting, escalating material risks as appropriate.
- Work closely with Operations teams to identify control gaps, operational weaknesses, and opportunities for process and control enhancements.
- Maintain awareness of external fraud trends, regulatory developments, and industry practices, providing thought leadership and recommendations for change.
- Manage third‑party fraud solution providers in line with the firm's third‑party risk management and governance frameworks.
- Support senior management forums and stakeholder committees with clear, well‑reasoned risk assessments and recommendations.
Qualifications
- Significant experience in fraud risk management within financial services, ideally covering account lifecycle and payment‑related risks.
- Demonstrated experience leading or managing teams in a risk, fraud, or control‑focused environment.
- Strong understanding of fraud typologies, emerging threats, and industry best practice.
- Knowledge of UK and European payment regulations and regulatory environment.
- Experience working with established fraud prevention and detection technologies.
- Proven ability to analyse complex data sets and translate insights into proportionate risk controls.
- Strong analytical skills, with experience using tools such as SQL, Python, Tableau, or equivalent.
- Familiarity with modern data platforms and large‑scale data environments (e. g., Snowflake, Databricks).
- Experience defining functional, analytical, or risk requirements for technology‑enabled control solutions.
- Strong stakeholder management skills, with the ability to influence across Product, Technology, Operations, Compliance, and Governance functions.
Goldman Sachs is an equal‑opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
We are committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
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StudySmarter Expert Advice🤫
We think this is how you could land Asset & Wealth Management, Wealth Management Fraud Strategy, Vice President, Birmingham
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We think you need these skills to ace Asset & Wealth Management, Wealth Management Fraud Strategy, Vice President, Birmingham
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