Manager, Wealth Management Fraud Prevention
Job Location:
Chicago, IL - USA
Yearly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
About Northern Trust
As a global leader in innovative wealth management asset servicing asset management and banking services Northern Trust (Nasdaq: NTRS) is proud to guide the worlds most successful individuals families corporations and institutions.
Since 1889 we have aligned our efforts with our three guiding Principles That Endure: Service Expertise and Integrity. Together they reflect the three cornerstones of business conduct which we strive to instill in our employees whom we call partners and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Position Summary
The Wealth Management (WM) Fraud Prevention Manager leads the WM Fraud Prevention Program within WM Business Unit Control with responsibility for program strategy governance control effectiveness fraud risk oversight education metrics issue remediation and emerging risk identification.
The role partners with Global Fraud Operations Compliance Risk Management Technology Audit Legal and WM business leaders to strengthen the fraud control environment implement fraud prevention capabilities and protect clients and the organization from fraud-related risks.
The manager will lead a team of fraud specialists setting priorities and driving execution across WM.
Major Duties
Program Leadership and Strategy
Lead the WM Fraud Prevention Program including strategic priorities roadmap development and alignment with enterprise fraud-risk objectives
Strengthen fraud risk management capabilities controls governance routines reporting and partner awareness across WM
Serve as the primary WM Control representative for fraud-related initiatives working groups and emerging risk discussions
People Leadership
Manage develop and coach fraud prevention team and supporting control professionals
Set team priorities performance goals development plans and resource allocation across program needs
Promote accountability collaboration succession planning and continuous improvement
Fraud Risk Management
Oversee fraud risk assessments for products services processes client interactions and technology initiatives
Ensure fraud risk considerations are incorporated into business changes new-product reviews technology enhancements and strategic initiatives
Provide challenge and guidance on fraud-control design effectiveness escalation and remediation of material risks or gaps
Fraud Prevention and Control Oversight
Lead initiatives to prevent detect and mitigate fraud across WM
Partner with Global Fraud Technology Operations and business teams to implement and enhance fraud-control capabilities
Evaluate control effectiveness and support improvements in monitoring authentication analytics and client-protection capabilities
Governance Metrics and Reporting
Establish and maintain fraud-related KRIs metrics dashboards and reporting routines
Analyze internal losses fraud events emerging threats and industry trends to assess risk exposure and program effectiveness
Deliver executive reporting and governance materials for senior leadership and committees
Training and Awareness
Oversee fraud-prevention training awareness and communications for WM partners and clients
Promote timely awareness of emerging threats industry trends and fraud prevention responsibilities
Partner with business leadership to reinforce a strong fraud-risk culture across WM
Issue Management and Regulatory Engagement
Oversee remediation of fraud-related audit findings control gaps risk issues loss events and significant fraud matters
Ensure corrective actions are sustainable effective and completed within required timelines
Support regulatory examinations internal audits independent reviews and related investigations
Stakeholder Management
Develop partnerships with senior leaders across WM and enterprise functions
Influence decision-making through risk-based recommendations data-driven insights and stakeholder alignment
Represent WM within enterprise fraud governance structures
Required Qualifications
Bachelors degree or equivalent experience
8-12 years of experience in Fraud Prevention Fraud Risk Management Financial Crimes Operational Risk Compliance Audit or related financial-services disciplines
Demonstrated experience leading enterprise programs and strategic initiatives
Experience managing people and developing high-performing teams
Experience interacting with senior leaders and executive governance committees
Strong analytical presentation communication and leadership skills
Ability to influence partners across business and functional boundaries
Preferred Qualifications
Experience within Wealth Management Private Banking Trust Asset Management or Financial Services
Certified Fraud Examiner (CFE) CAMS CRISC CIA CRCM or similar professional certification
Experience implementing fraud technologies fraud analytics behavioral monitoring authentication solutions or fraud operations programs
Experience supporting regulatory examinations and audit activities
Salary Range:
$137400 - 240400 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B L-1 TN O-1 E-3 H-1B1 F-1 J-1 OPT CPT or any other employment-based visa).
Working with Us
As a Northern Trust partner you will be part of a flexible and collaborative work culture which has a strong history of financial strength and stability. Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trusts history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at or alternatively you can discuss your individual requirements with the recruiter you are working with.
Required Experience:
Manager
About Company
Guided by founding principles of service, expertise and integrity, our experts help the world’s most successful individuals, families and institutions achieve their goals.
