Fraud Risk Advisor

As a Fraud Risk Advisor, you will play a pivotal role in Technology Risk focused on enhancing line 2 oversight of Vanguard’s Enterprise Security & Fraud services. In this role you will act as an independent challenger and advisor to Fraud and will influence critical initiatives, execute risk assessments, manage top risks, and ensure comprehensive controls exist while collaborating with other risk partners and business units across the global organization. This is a dynamic and highly visible position that will allow you to deliver tangible value in enhancing our ability to protect clients as well as shape our new team’s strategy and vision. An ideal candidate is well versed in current fraud attack patterns, with experience in cash risk management, and the ability to effectively analyze on-the-horizon threats to drive agile risk management. Strong communication and written skills are required to influence senior decision makers. Candidates should have experience working in fraud prevention (including deployment of AI/ML models), detection, response, and risk management.

Global Risk and Security (GR&S) at Vanguard enables business strategy, protects client and Vanguard interests (e.g., assets and data), and stewards a strong risk culture. Our teams leverage enterprise-wide insights, deep expertise, and trusted advice so that across Vanguard leaders and crew drive faster, stronger, risk-informed decisions.

Within GR&S, the Enterprise Security and Fraud (ES&F) sub-division is responsible for the global protection of Vanguard crew, property, data, and client assets. We are the trusted advisors that protect the pride of Vanguard with state-of-the-art security and fraud capabilities. We are a world-class destination of highly engaged, passionate, and diverse talent expected to continuously learn and develop in an ever-changing security landscape.

Our crew are our greatest resource – by joining our team you will build collaborative long-term relationships and enjoy a suite of benefits that includes comprehensive health and wellness care, work-life balance, and an investment in your future at its core.

Fraud Risk Advisor:

• Provide risk guidance, oversight, and assurance services to enterprise and divisional partners based on the Vanguard's operational and strategic risk framework. Ensures the development and implementation of effective divisional risk controls. Provides technical risk advice and direction across fraud capabilities . 

• Leads and manages the efficiency and effectiveness of technical risk management within Fraud. Sets measurable goals and examines ways to raise standards, to increase quality and to improve overall technical risk management efforts of the team. Measures departmental success in identifying and managing technical risk exposure, and identifies and prioritizes existing and emerging risks and advises on appropriate control design and testing. 

• Provides technical risk leadership and expertise, particularly in money movement activities and controls. Leads and assists Fraud in the development, implementation and management of short- and long-term technical risk management strategies in accordance with department goals and objectives, standard risk management policies and procedures, and the overall risk strategy. 

• Works with Fraud to mitigate risks and optimize process efficiency. Uses expert IT industry best practice knowledge to design effective controls, and makes recommendations for developing new technical risk management strategies for the business. Provides consultation, facilitation and analytical support to the divisional management team as new products, services, processes and procedures are developed to ensure risk is properly mitigated. Identifies potential solutions and recommends development options. 

• Develops and maintains strong relationships with enterprise and divisional clients to understand their ongoing risk needs. Acts as a thought partner to the business, and effectively persuades and influences others. 

• Assesses the design of existing controls and make recommendations, leverages industry best practice for improvement as needed.  Understands the risk management framework and utilizes the core concepts when discussing risk exposures with the business.  Identifies and advises on opportunities for continuous quality improvement of technical standards, methodologies, and technologies. 

• Participates in special projects and performs other duties as assigned. 

Qualifications

• Minimum of five years experience in Fraud Operations, Risk Management, Cybersecurity, or IT 

• ACFE certification preferred 

• Familiarity with fraud rules engines and workflow management systems 

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.