Manager, Wealth Management Fraud Prevention

Northern Trust
Chicago
Full timeUSD 137,400 - 240,400 annuallyFunction: Administration & Executive AssistanceExperience: 8+ yearsEducation: bachelorsSkills: ["Leadership","Communication","Presentation","Analytical skills","Team coaching"]

Lead the Wealth Management Fraud Prevention Program, setting strategy, governance, and control effectiveness across the WM business unit. Partner with Global Fraud, Operations, Compliance, Risk, Technology, Audit, Legal, and WM leaders to strengthen fraud controls, oversee fraud risk assessments, and drive remediation of material gaps. Manage and develop a fraud prevention team, establish KRIs and executive reporting, and ensure training and partner awareness for emerging threats and fraud responsibilities.

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FursaFursa
Northern Trust
Northern Trust
1 day ago

Manager, Wealth Management Fraud Prevention

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Job Summary

Lead the Wealth Management Fraud Prevention Program, setting strategy, governance, and control effectiveness across the WM business unit. Partner with Global Fraud, Operations, Compliance, Risk, Technology, Audit, Legal, and WM leaders to strengthen fraud controls, oversee fraud risk assessments, and drive remediation of material gaps. Manage and develop a fraud prevention team, establish KRIs and executive reporting, and ensure training and partner awareness for emerging threats and fraud responsibilities.
Location: Chicago
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Manager level

Key Responsibilities

  • •Lead the Wealth Management Fraud Prevention Program, including strategic priorities, roadmap development, and alignment with enterprise fraud-risk objectives.
  • •Oversee fraud risk assessments and ensure fraud risk considerations are incorporated into business changes, new-product reviews, technology enhancements, and strategic initiatives.
  • •Prevent, detect, and mitigate fraud across Wealth Management by partnering with Global Fraud, Technology, Operations, and business teams to implement and enhance fraud-control capabilities.
  • •Establish fraud-related KRIs, metrics, dashboards, and executive reporting routines; analyze fraud events, emerging threats, and industry trends to assess risk exposure.
  • •Manage, develop, and coach the fraud prevention team; oversee fraud-prevention training and remediation of audit findings and control gaps.

Pay and Benefits

Salary: USD 137,400 - 240,400 annually
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveLife InsuranceDisability

Key Requirements

  • •Bachelor’s 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.
Experience:8+ yearsWealth managementFinancial servicesFraud preventionOperational risk
Education:Bachelor's
Skills:LeadershipCommunicationPresentationAnalytical skillsTeam coaching
Certifications:CFECAMSCRISCCIACRCM
Tech Stack:Fraud analyticsAuthentication

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
Glassdoor
Glassdoor: 3.9
WebsiteLinkedIn