The Fraud Risk Manager within the Control and Oversight Group in Personal Wealth is responsible for developing and executing a forward-looking fraud roadmap that protects clients, safeguards business operations, and supports strong risk-informed decision-making across the Personal Wealth Division.
Responsibilities:
Develop and execute the fraud risk roadmap in alignment with business priorities, regulatory expectations, and enterprise objectives.
Design, develop, and oversee the fraud monitoring program, including evaluation of controls and strategies to improve risk reduction, client experience, catastrophic loss protection, and false positive reduction.
Partner with Enterprise Fraud, Product, Privacy, Operations, and other business stakeholders to implement effective fraud and privacy risk mitigation solutions with an emphasis on client experience.
Serve as the fraud subject matter expert for the Personal Wealth business, advising on significant fraud events, escalations, and emerging risk matters.
Conduct fraud risk assessments to identify, evaluate, and communicate control gaps, vulnerabilities, and areas for process improvement.
Support the development of policies, procedures, and governance practices related to fraud and privacy risk management.
Prepare clear risk insights, assessment findings, and recommendations for leadership and cross-functional partners.
Contribute to strategic initiatives and special projects related to fraud prevention.
Qualifications:
Bachelor’s degree or equivalent combination of training and experience; advanced degree preferred.
Experience in fraud risk management, privacy risk, operational risk, compliance, or financial services risk oversight.
Strong understanding of fraud monitoring, control design, risk assessments, and incident response.
Ability to balance risk mitigation with client experience and operational efficiency.
Demonstrated experience working cross-functionally with enterprise partners and influencing decision-making.
Strong analytical, problem-solving, and communication skills.
Knowledge of fraud typologies, privacy considerations, and risk management practices within financial services is preferred.
Professional certifications in fraud (CFE) a plus.
Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.About Vanguard
At Vanguard, we don't just have a mission—we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
Skills Required
- Bachelor's degree or equivalent combination of training and experience
- Experience in fraud risk management, privacy risk, operational risk, compliance, or financial services risk oversight
- Strong understanding of fraud monitoring, control design, risk assessments, and incident response
- Ability to balance risk mitigation with client experience and operational efficiency
- Experience working cross-functionally with enterprise partners and influencing decision-making
- Strong analytical, problem-solving, and communication skills
- Knowledge of fraud typologies, privacy considerations, and financial services risk management practices
- Advanced degree
- Certified Fraud Examiner (CFE) or other professional fraud certification
Vanguard Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Vanguard and has not been reviewed or approved by Vanguard.
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Retirement Support — Retirement support appears unusually strong through a 401(k) design that includes a match plus an additional employer contribution, which can materially lift long-term total rewards. HSA seeding and an enhanced employer match further strengthen the savings-and-benefits value of the package.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle support is reinforced by a sizable annual FlexFund stipend that can be applied across many day-to-day categories such as fitness, childcare, and other personal expenses. On-site or virtual clinics and fitness options add practical health and wellness convenience.
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Affordable Benefits — Healthcare and related benefits are positioned as comparatively affordable via heavily subsidized medical plans and broad coverage options. This affordability can offset moderate base pay for employees who place higher value on out-of-pocket cost reductions.
Vanguard Insights
What We Do
We are a community of 30 million who think – and feel – differently about investing. Together, we’re changing the way the world invests. Since our founding in 1975, helping our investors achieve their goals is our sole reason for existence. With no other parties to answer to and therefore no conflicting loyalties, we make every decision—like keeping investing costs as low as possible—with only your needs in mind. Vanguard is one of the world's largest investment companies, offering a large selection of high-quality low-cost mutual funds, ETFs, advice, and related services. Individual and institutional investors, financial professionals, and plan sponsors can benefit from the size, stability, and experience Vanguard offers. As of April 30, 2019, we managed more than $5.6 trillion in global assets. In addition, we have 189 funds in the United States and 225 funds in global markets. For Commenting Guidelines & Important information, visit here: http://vanguard.com/linkedin Vanguard Marketing Corporation, Distributor.
