Develop and implement comprehensive fraud prevention strategies, policies, and procedures to mitigate risks and safeguard the company's assets and reputation Oversee the implementation and maintenance of fraud detection mechanisms, including monitoring systems, analytics tools, and transaction monitoring processes Conduct thorough investigations into suspected cases of fraud, including analyzing financial transactions, reviewing documentation, and gathering evidence to determine the extent and n... more details
Mutual of America Financial Group
Job Title: Senior Fraud Lead
Location: New York, NY (Hybrid)
Who We Are:
At Mutual of America Financial Group, we help people build the assets they need to achieve greater financial security. Our Company is built upon a solid foundation of integrity, excellence, and social responsibility. We were founded in 1945 to provide small and mid-sized nonprofit organizations with pension and retirement-related services, along with leading customer support. Today, we provide these services also to for-profit companies, as well as to governmental entities, Tribal enterprises, institutional investors, and individuals. We work diligently to understand the needs of our customers so we can help them achieve their financial savings goals.
We are committed to bringing talented and motivated people together to help our customers achieve a financially secure future.
Role Summary: As the Senior Fraud Lead, you will lead our efforts to prevent, detect, and investigate fraudulent activities across our organization. You will develop and implement robust fraud prevention strategies, oversee fraud detection mechanisms, and lead investigations into suspected cases of fraud. The ideal candidate will possess strong leadership skills, extensive experience in fraud prevention and investigation, and a commitment to upholding the highest standards of ethical conduct.
Responsibilities:
- Develop and implement comprehensive fraud prevention strategies, policies, and procedures to mitigate risks and safeguard the company's assets and reputation
- Oversee the implementation and maintenance of fraud detection mechanisms, including monitoring systems, analytics tools, and transaction monitoring processes
- Conduct thorough investigations into suspected cases of fraud, including analyzing financial transactions, reviewing documentation, and gathering evidence to determine the extent and nature of fraudulent activities
- Collaborate with internal stakeholders, including legal, compliance, risk management, and IT teams, to assess fraud risks, develop mitigation strategies, and implement controls to prevent future occurrences
- Establish and maintain relationships with law enforcement agencies, regulatory bodies, and industry partners to exchange information, report incidents, and coordinate efforts to combat fraud effectively
- Stay informed about emerging fraud trends, techniques, and technologies, and leverage this knowledge to enhance fraud prevention measures and adapt strategies accordingly
- Prepare and present regular reports on fraud prevention and investigation activities, including trends, findings, and recommendations for management and stakeholders
- Ensure compliance with regulatory requirements, industry standards, and internal policies related to fraud prevention and investigation, and implement corrective actions as needed to address deficiencies
Required Qualifications:
- Bachelor’s degree in accounting, finance, criminal Justice, or related field; Certified Fraud Examiner (CFE) or equivalent certification preferred
- Minimum of 10 years of experience in fraud prevention, investigation, or related fields, with a focus on financial services or insurance industries
- Strong knowledge of fraud detection and prevention techniques, including data analysis, forensic accounting, and internal controls
- Experience leading investigations into complex fraud cases, with a proven track record of identifying and prosecuting perpetrators
- Effective communication and interpersonal skills, with the ability to interact confidently with stakeholders at all levels of the organization
- Strong analytical and problem-solving abilities, with a keen attention to detail and the ability to think critically and strategically
- Proficiency in fraud detection software and tools, as well as Microsoft Office Suite and data analysis techniques
- Commitment to upholding the highest ethical standards and promoting a culture of integrity and accountability
What we offer you:
- Competitive base salary
- Annual Bonus
- Comprehensive Benefits Package (medical, dental, and vision) that starts day one of employment
- 401(k) Match: You will be eligible to receive up to 9% of your pay (salary and incentive compensation) in company contributions. A non-elective employer contribution of 3%, plus a 100% employer match on employee contributions of up to 6% of pay
- Parental Leave: 8 weeks fully paid
- Paid time off: 20 days plus two floating personal holidays
The salary range below describes the minimum to maximum base salary range for this role. The role is also eligible for an annual bonus, whereby total compensation may exceed this range depending on individual and / or company performance.
Base Salary Range:
Director: $140,800 - $211,200
Visit www.mutualofamerica.com/careers for additional details about life at Mutual of America. You can also follow us on Twitter: @mutualofamerica | Facebook: @mutualofamerica
Mutual of America Financial Group provides equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, or any other classification prohibited by applicable law.
