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- Tasks: Shape fraud risk strategy and enhance fraud controls across Wealth Management.
- Company: Join Goldman Sachs, a leading global investment firm with a commitment to diversity.
- Benefits: Enjoy professional development, wellness programs, and a supportive work environment.
- Other info: Dynamic team culture with opportunities for career growth and innovation.
- Why this job: Make a real impact in fraud prevention while working with top industry experts.
- Qualifications: Experience in fraud risk management and strong analytical skills required.
The predicted salary is between 80000 - 100000 ÂŁ per year.
About
Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm's primary investment area, we provide investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success.
We are:
- Investors, spanning traditional and alternative markets offering products and services
- Advisors, understanding our clients' priorities and poised to help provide investment advice and strategies that make sense for their portfolios
- Thought Leaders, providing timely insights across macro and secular themes to help inform our clients' investment decisions
- Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals
Team & Role Overview
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. This includes ensuring that fraud controls are proportionate, effective, and aligned with regulatory expectations, industry best practice, and firmwide risk standards. The Vice President, Fraud Strategy will play a senior role in shaping fraud risk strategy, strengthening preventative and detective controls, and providing subjectâmatter expertise across account lifecycle and payment processes in support of Private Wealth Management and Marcus by Goldman Sachs.
Responsibilities
The role holder will be responsible for driving the development and ongoing optimization of fraud risk controls across Wealth Management, working closely with Product, Technology, Operations, Compliance, and Cybersecurity stakeholders. The position combines strategic ownership with delivery oversight, requiring strong judgement, analytical depth, and the ability to influence across functions.
Key Responsibilities Include:
- Define and maintain fraud prevention and detection requirements across account onboarding, account maintenance, and money movement processes, ensuring alignment to regulatory standards and internal risk frameworks.
- Design and enhance dataâdriven fraud strategies to mitigate emerging and evolving fraud risks while supporting fair customer outcomes.
- Provide oversight of the fraud strategy roadmap, ensuring clear prioritization, riskâbased decisionâmaking, and effective execution.
- Partner with Product and Engineering teams to translate risk requirements into functional specifications and robust technology solutions.
- Lead and develop a highâperforming 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 thirdâparty fraud solution providers in line with the firm's thirdâparty risk management and governance frameworks.
- Support senior management forums and stakeholder committees with clear, wellâreasoned risk assessments and recommendations.
Experience & Skills Required
Significant experience in fraud risk management within financial services, ideally covering account lifecycle and paymentârelated risks. Demonstrated experience leading or managing teams in a risk, fraud, or controlâfocused 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 largeâscale data environments (e.g., Snowflake, Databricks). Experience defining functional, analytical, or risk requirements for technologyâenabled control solutions. Strong stakeholder management skills, with the ability to influence across Product, Technology, Operations, Compliance, and Governance functions.
About Goldman Sachs
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.
Asset & Wealth Management, Wealth Management Fraud Strategy, Vice President, Birmingham in West Bromwich employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Asset & Wealth Management, Wealth Management Fraud Strategy, Vice President, Birmingham in West Bromwich
â¨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
â¨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions more confidently and show that you're genuinely interested in the role.
â¨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms to get comfortable with common interview questions. The more you practice, the more natural you'll feel during the real deal.
â¨Tip Number 4
Don't forget to follow up after interviews! A quick thank-you email can go a long way in leaving a positive impression. Plus, it shows your enthusiasm for the position and keeps you on their radar.
We think you need these skills to ace Asset & Wealth Management, Wealth Management Fraud Strategy, Vice President, Birmingham in West Bromwich
Some tips for your application đŤĄ
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in fraud risk management. We want to see how your skills align with the specific responsibilities of the Vice President role.
Showcase Your Analytical Skills: Since this role requires strong analytical depth, donât forget to mention any experience you have with data analysis tools like SQL or Python. We love seeing how you can turn complex data into actionable insights!
Highlight Team Leadership Experience: If you've led teams before, make it known! We value strong leadership in our culture, so share examples of how you've developed high-performing teams in a risk or fraud-focused environment.
Apply Through Our Website: We encourage you to apply directly through our website. Itâs the best way for us to receive your application and ensures youâre considered for the role. Plus, itâs super easy!
How to prepare for a job interview at Goldman Sachs
â¨Know Your Fraud Strategies
Make sure you brush up on the latest fraud prevention and detection strategies. Be ready to discuss how you've implemented these in past roles, especially in relation to account lifecycle and payment processes.
â¨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Bring examples of how you've used tools like SQL or Python to analyse complex data sets and translate those insights into effective risk controls.
â¨Understand Regulatory Standards
Familiarise yourself with UK and European payment regulations. Be prepared to discuss how these regulations impact fraud risk management and how you've navigated compliance in previous positions.
â¨Highlight Team Leadership Experience
If you've led teams in a risk or fraud environment, be ready to share your experiences. Discuss how you fostered strong risk capabilities and technical expertise within your team, as this will resonate well with the role's requirements.