What are the responsibilities and job description for the Fraud Transaction Risk Oversight position at The Charles Schwab Corporation?
Job Opportunity
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Group Overview
The Transaction Risk Oversight and Monitoring (TROM) department is part of the Financial Crimes Risk Management Enterprise. Our charter is to protect clients' and the firm's assets by assisting in the prevention and mitigation of fraud losses. TROM oversees 1LOD strategies that interdict fraud perpetrated by criminals in our Move-Money products and accounts – Wires, ACH, New Accounts, Visa transactions, Bank Bill Pay, Journals, and other Schwab products.
TROM performs risk policy gap and risk strategy gap analysis and focuses on firmwide scam impacts. The team is responsible for effectively challenging new strategies developed by our internal 1LOD partners, analyzing current fraud trends, and assuring that overall strategies are working as intended.
The team works closely with model product owners, Schwab Model Risk Oversight organization, Internal Audit teams, and business stakeholders and Banking and Brokerage operations to assess risk in areas impacting fraud losses and adverse client experience.
Responsibilities
The ideal candidate will help drive the success of the 2LOD Risk Oversight Program. As a Senior Manager, an individual contributor role, you will work closely with peers and business partners to identify risks and target illicit behaviors, use data to quantify fraud trends, losses, behaviors, gaps in policies and procedures, and support effective and efficient management of fraud scenarios in the Wires, Journal, ACH, Visa, Check, and New Account product spaces.
This position requires a self-starter with strong analytical, technical, and communication skills, as well as someone who is highly reciprocal.
