Director - Fraud
Welcome to Discover Financial Services, where we are dedicated to providing our customers with the best financial services and products. We are currently seeking a highly skilled and experienced Director of Fraud to join our team. In this role, you will play a crucial part in leading our efforts to prevent and detect fraudulent activities, ensuring the safety and security of our customers' financial information. If you are a dynamic leader with a strong background in fraud detection and prevention, we want to hear from you. Join us in our mission to protect our customers and their financial well-being.
- Develop and implement fraud detection and prevention strategies to safeguard customer financial information.
- Lead a team of fraud analysts and investigators, providing guidance and support to ensure a high level of performance.
- Stay up-to-date on industry trends and best practices in fraud prevention, and make recommendations for improvement.
- Collaborate with cross-functional teams, such as IT and Risk Management, to continuously enhance fraud prevention measures and processes.
- Conduct regular audits and reviews of fraud detection systems and processes to identify any potential gaps or weaknesses.
- Analyze data and trends to identify potential fraudulent activities and proactively implement measures to mitigate risk.
- Monitor and investigate suspicious activities, working closely with law enforcement and other agencies as needed.
- Develop and maintain relationships with external partners and vendors to stay informed on emerging fraud trends and technology.
- Oversee the development and delivery of fraud prevention training to employees at all levels of the organization.
- Prepare and present reports to senior management on fraud trends, activities, and mitigation strategies.
- Ensure compliance with all applicable regulations and laws related to fraud detection and prevention.
- Act as a subject matter expert and provide guidance and support to other departments on fraud-related matters.
- Participate in industry conferences and events to stay informed on the latest fraud prevention techniques and technologies.
- Foster a culture of fraud awareness and prevention within the organization.
- Continuously evaluate and update fraud prevention policies and procedures to adapt to changing threats and risks.
Extensive Experience In Fraud Prevention And Detection: The Ideal Candidate For A Director - Fraud Position At Discover Financial Services Should Have At Least 8-10 Years Of Experience In Fraud Prevention And Detection, Preferably In The Financial Services Industry. This Experience Should Include A Strong Understanding Of Fraud Schemes, Trends, And Best Practices.
Strong Leadership And Management Skills: As A Director, This Individual Will Be Responsible For Overseeing A Team Of Fraud Analysts And Investigators. Therefore, They Should Possess Strong Leadership And Management Skills, Including The Ability To Motivate And Develop Team Members, Set Clear Goals And Expectations, And Make Strategic Decisions.
Analytical And Critical Thinking Skills: The Director - Fraud Role At Discover Financial Services Requires A Candidate Who Can Analyze Large Amounts Of Data, Identify Patterns And Trends, And Make Sound Decisions Based On This Information. The Ability To Think Critically And Make Data-Driven Decisions Is Essential To Effectively Manage Fraud Risks.
Knowledge Of Industry Regulations And Compliance: The Financial Services Industry Is Highly Regulated, And Fraud Prevention Is No Exception. A Qualified Candidate For This Role Should Have A Strong Understanding Of Relevant Regulations And Compliance Requirements, Such As The Bank Secrecy Act And The Payment Card Industry Data Security Standard.
Excellent Communication And Collaboration Skills: The Director - Fraud Will Need To Communicate With Various Stakeholders, Including Senior Management, Law Enforcement Agencies, And External Vendors. Therefore, Strong Communication And Collaboration Skills Are Crucial For Success In This Role. The Ability To Clearly Convey Complex Information And Build Strong Relationships Is Essential.
Risk Management
Data Analysis
Compliance
Strategy development
Team Leadership
Fraud prevention
Fraud detection
Investigation
Fraud Mitigation
Fraud Awareness
Fraud Trends
Fraud Operations
Communication
Interpersonal
Leadership
Time management
creativity
flexibility
Teamwork
Adaptability
Problem-Solving
Organizational
According to JobzMall, the average salary range for a Director - Fraud in Riverwoods, IL 60015, USA is $148,000 - $190,000 per year. However, this can vary depending on the specific company, experience level, and other factors. It is best to research the specific company and job listing for a more accurate salary estimate.
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Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
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