Director, Fraud Prevention in Chicago, IL at TradeStation

Date Posted: 11/22/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Chicago, IL
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/22/2020

Job Description

Director, Fraud Prevention
Chicago, IL or Remote
#WeAreTradeStation
TradeStation is an on-line brokerage firm seeking to level the playing field for self-directed investors and traders, empowering them to claim their individual financial edge.  We have built a team of amazing people who work together in a high-performance culture to provide our clients with exceptional products and services.  We offer a collaborative and flexible work environment, competitive salaries, comprehensive benefits and an unlimited PTO policy.
The Director of Fraud Prevention manages and drives the Company’s fraud prevention teams.  The role structures policies/standards, processes and tools needed to ensure the prevention, detection and investigation of fraud and recovery in a complex and highly regulated environment. This role leads the development, implementation and execution of a multi-year strategic vision for the Fraud Prevention group.

This leader is expected to leverage a data-driven approach in decision-making and managing fraud risk while championing a culture of process excellence and disciplined utilization of key performance indicators and key risk indicators for continuous enhancement of the anti-fraud practices.
Additionally, this leader is responsible for the formation of high-performing teams, with the knowledge, skills, and abilities to effectively manage risk and drive agile delivery practices across the enterprise.
ESSENTIAL JOB FUNCTIONS:
  • Lead the design, execution and implementation of company-wide fraud organization and strategy
  • Supervise and contribute to the performance of day-to-day functions of the Fraud Prevention group
  • Develop strategies to support the consistent and effective identification, assessment, and mitigation of fraud risk
  • Develop systems and processes to identify new initiatives, new products, and process modifications that may affect the Company’s fraud prevention operations or fraud risk
  • Advise the business and product teams on strategies and product enhancements/attributes to prevent, detect, and/or respond to fraud events, address fraud risks associated with new initiatives, or improve the effectiveness of existing tradeoffs between fraud prevention and customer experience
  • Select, implement, and operate fraud prevention systems, models, and tools, including real time scoring and decisioning engines
  • Partner, collaborate, and influence effectively across the business to ensure business lines, product development, and technology partners are considering fraud implications
  • Perform other related duties as requested and special projects as assigned
KNOWLEDGE, SKILLS & ABILITIES:  
  • Knowledge of fraud detection methodologies in a high-risk transactional environment, and the ability to analyze data through multiple systems with strong collaborative relationships across the organization
  • Experience developing robust fraud prevention strategies and implementing supporting tactical roadmap items
  • Experience with third-party fraud prevention tools, including case management / alert systems to aid in the prevention and detection of fraud preferred
  • Ability to measure, monitor and understand fraud losses across the company and employ tools, solutions and metrics that appropriately quantify and assess losses and exposure
  • Experience developing controls to mitigate fraud related to card payments, ACH, cryptocurrency, and other money movements
  • Strong written and verbal communication skills, including the ability to communicate technical analyses to a non-technical audience
EDUCATION & EXPERIENCE:
  • Bachelor's degree required or equivalent work experience.
  • 10+ years of experience developing strategies and managing major initiatives associated with complex fraud mitigation to include
    • prevention, detection and/or investigative aspects of fraud and/or broker-dealer/futures commission merchant operational risk
    • regulatory adherence, funds availability, and/or model development
  • 5+ years of relevant experience in a mid to large financial institution in a supervisory role within a financial crimes or fraud operations department
CERTIFICATIONS:
  • Series 7, 3 and 24 licenses preferred
  • Certified Fraud Examiner license preferred