Vice President, Fraud Detection
Job Description
Job Description:
VP, Fraud Detection
Fraud Risk & Control
Job Description
The Fraud Detection Analytics Team is responsible for ensuring that fraudulent events such as account log-in, account opening, payment attempts, etc. occurring on Fidelity's platform are detected and mitigated on a timely manner. Fraud Detection Team leverages a combination of vendor and internally developed tools and models which enable real-time detection and interdiction at various stages of the customer lifecycle. As the VP, Fraud Detection, your role is to build strategies that make use of the various models/AI solutions and data sources available to enable timely and accurate detection of fraud events, to ensure customer interactions are risk-assessed in a contextualized and holistic manner, minimizing false positive and contributing to a remarkable customer experience. You will collaborate with product, technology and data science teams to build solutions that accurately detect and interdict fraud, while satisfying strict SLA's and seamlessly integrating with customer experience. Specifically, you will:
- Leverage cutting-edge AI/Machine Learning Solutions to define Fraud Detection strategies across Fidelity's products and business lines.
- Use anomaly detection and linking/graph solutions to enable discovery of fraud rings and coordinated events.
- Design profiling and trust solutions to offer intuitive and customized experiences to Fidelity's customers.
- Collaborate with partner teams to respond to fraud events, mitigate risk and customer impact.
The Expertise We're Looking For
- Bachelor's or master's degree in quantitative fields with 12 years of experience in Fraud Risk management in financial institutions.
- Experience in leveraging AI/Machine Learning solutions to optimize fraud detection
- Hands-on experience in generating analytical insights from large-scale data using python, SQL or similar programming languages
- Experience in project management and problem solving in a complex environment.
- Excellent communication skills and ability to collaborate with a diverse set of key stakeholders
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
Certifications:
Category:
Information TechnologyJob Description:
VP, Fraud Detection
Fraud Risk & Control
Job Description
The Fraud Detection Analytics Team is responsible for ensuring that fraudulent events such as account log-in, account opening, payment attempts, etc. occurring on Fidelity's platform are detected and mitigated on a timely manner. Fraud Detection Team leverages a combination of vendor and internally developed tools and models which enable real-time detection and interdiction at various stages of the customer lifecycle. As the VP, Fraud Detection, your role is to build strategies that make use of the various models/AI solutions and data sources available to enable timely and accurate detection of fraud events, to ensure customer interactions are risk-assessed in a contextualized and holistic manner, minimizing false positive and contributing to a remarkable customer experience. You will collaborate with product, technology and data science teams to build solutions that accurately detect and interdict fraud, while satisfying strict SLA's and seamlessly integrating with customer experience. Specifically, you will:
- Leverage cutting-edge AI/Machine Learning Solutions to define Fraud Detection strategies across Fidelity's products and business lines.
- Use anomaly detection and linking/graph solutions to enable discovery of fraud rings and coordinated events.
- Design profiling and trust solutions to offer intuitive and customized experiences to Fidelity's customers.
- Collaborate with partner teams to respond to fraud events, mitigate risk and customer impact.
The Expertise We're Looking For
- Bachelor's or master's degree in quantitative fields with 12 years of experience in Fraud Risk management in financial institutions.
- Experience in leveraging AI/Machine Learning solutions to optimize fraud detection
- Hands-on experience in generating analytical insights from large-scale data using python, SQL or similar programming languages
- Experience in project management and problem solving in a complex environment.
- Excellent communication skills and ability to collaborate with a diverse set of key stakeholders
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
Certifications:
Category:
Information TechnologyAbout Fidelity Investments
At Fidelity, since our founding in 1946, we have been dedicated to strengthening and security our clients’ financial well-being through exceptional service and innovative solutions. We empower over ~50 million people to achieve their most important financial goals, manage employee benefit programs for nearly 24,000 businesses, and support more than 16,000 wealth management firms and institutions with cutting-edge investments and technology. Our diverse business portfolio and independence provide us with a comprehensive view of the market and the stability to deliver long-term value for our customers. As the financial industry evolves and customer needs grow more complex, Fidelity continues to reinvent, innovate, and transform to meet the challenges of tomorrow’s financial landscape.
*Specifically serviced by our Clearing & Custody team within Fidelity Institutional
Fidelity TalentSource, is the in-house temporary staffing provider for Fidelity Investments. Unlike traditional staffing agencies, we are an internal business unit within Fidelity’s Talent Acquisition team, dedicated to recruiting talent from various backgrounds for roles in Fidelity’s regional and investor center locations. Our mission is to help you experience Fidelity’s diverse and inclusive workplace while expanding your skill set and professional network, with the ultimate goal of conversion to full-time employment as part of Fidelity’s long-term strategy. To learn more about temporary positions at Fidelity Investments, visit FidelityTalentSource.com.
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