Risk, Operational Risk, Vice President, New York

The Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm's appetite and strategic plan as well as the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.

Operational Risk Management is an independent risk management function within Risk, responsible for developing and implementing a standardized framework to identify, measure, monitor, and manage operational risk across the firm. The team works in close partnership with the lines of business and other control functions to ensure risks are well understood, appropriately controlled, and transparently escalated to senior management, Risk Committees, and the Board. Within Operational Risk, Fraud Risk is a priority discipline within the broader operational risk framework, covering both internal fraud and external fraud.

Responsibilities

• Develop, document, and implement the firmwide Fraud Risk Management Framework, including risk taxonomy, roles and responsibilities, policy and standards, and escalation protocols
• Define and operationalize fraud risk appetite statements, key risk indicators (KRIs), thresholds, and tolerance breach escalation procedures across divisions and legal entities
• Partner with the first line to embed fraud risk considerations into the Risk and Control Self-Assessment (RCSA) process, new product and new activity approvals, and change management governance
• Design and execute fraud scenario analysis, stress testing, and a consistent loss event data standard to inform capital, loss forecasting, and control investment decisions
• Provide independent oversight and effective challenge of first line fraud risk identification, control design and performance, and remediation plans
• Conduct thematic deep dives into emerging fraud typologies and challenge material loss events, near misses, and detection capabilities, ensuring root causes are addressed and lessons learned are applied firmwide
• Serve as a 2LoD representative in governance forums and produce clear fraud risk reporting for senior management, Risk Committees, the Board, and regulators
• Act as a point of contact for regulatory examinations, internal audit reviews, and supervisory requests relating to fraud risk
• Coordinate across Operational Risk, Financial Crime Compliance, Conduct Risk, Technology Risk, Legal, and the businesses, and translate external fraud trends and regulatory developments into actionable recommendations

Required Qualifications and Skills

• Bachelor’s degree required
• 8+ years of relevant experience in fraud risk management, financial crime compliance (FCC), conduct risk, operational risk, or a closely related control discipline within financial services, consulting, or a financial regulator
• Demonstrated experience designing, implementing, or materially enhancing a risk management framework, policy, or standard — not solely executing an existing process
• Strong working knowledge of fraud typologies, fraud controls, and the regulatory environment applicable to large, complex financial institutions
• Exceptional written and verbal communication skills, with proven ability to distill complex analysis into clear messaging for senior and Board-level audiences
• Demonstrated ability to influence without authority and to build durable relationships with stakeholders across divisions, functions, and regions
• Strong judgment, intellectual curiosity, and comfort operating with ambiguity in a build-out environment
• Ability to manage multiple priorities under deadline pressure with a high degree of accuracy and ownership
• 1st or 2nd Line risk management experience at a Large Financial Institution (LFI), G-SIB, or Category II/III banking organization
• Prior exposure to consumer and/or transaction banking, payments, digital platforms, or wealth management fraud risk
• Experience with fraud analytics, detection model oversight, or data-driven control testing

PREFERRED QUALIFICATIONS

• Experience engaging directly with US regulators (Federal Reserve, OCC, FDIC, FinCEN, CFPB) or international equivalents