Director Fraud Strategy

About the role

The Director of Fraud Strategy leads the Fraud Strategy function of Account Protection, being responsible for the analysis of fraud trends, the development of mitigation strategies and deployment of creative solutions to effectively manage fraud losses, maximize revenue, and support business growth.

Responsibilities

• Develop and communicate vision for the team, define success and how it will be measured.
• Demonstrates the ability to work independently, remain organized, and prioritize work to work on multiple projects over the same time period with accuracy and attention to detail.
• Utilize critical thinking skills to help analyze business issues, collaborate with stakeholders to resolve problems, is strategic, and gains consensus on the best solution.
• Hire, develop, supervise, and retain key talent. Ensure individuals have the skills and tools needed to support the development and execution of fraud mitigation.
• Research and understand industry best practices for fraud mitigation strategies, techniques and risk.
• Build relationships by establishing trust, confidence and credibility with senior leaders, executives, and regulatory bodies.
• Build and maintain productive partnerships with key areas of the business (e.g., Operations, Credit Management, Client Partnership) to ensure strategies are comprehensive, fit for purpose and executed as designed.
• Research and understand relevant regulations and work with Compliance and Operations partners to ensure strategies comply. Ensure controls are in place to mitigate any potential liability.

Requirements

Minimum Qualifications:

• Bachelor’s Degree or equivalent education in Business Management, Statistics, Mathematics
• Seven years’ work experience directly related to the role and five years minimum of supervisory experience
• Seven years or more experience demonstrated understanding of risk management disciplines, varying analytic practices and fraud risk concepts
• Proven success in analyzing large amounts of data which foster actionable business decisions
• Experience managing data analysts or statisticians with a proven capacity to lend guidance, insight and comprehension of in-depth, detailed analysis they produce
• Solid understanding of operational execution is necessary to contextualize, and support recommended strategic deployments.

Preferred Experience:

• Master’s in Business Management, Statistics, Mathematics
• Ten years or more in Fraud Risk and/or Credit Risk

Qualifications

Minimum Qualifications:

• Bachelor’s Degree or equivalent education in Business Management, Statistics, Mathematics
• Seven years’ work experience directly related to the role and five years minimum of supervisory experience
• Seven years or more experience demonstrated understanding of risk management disciplines, varying analytic practices and fraud risk concepts
• Proven success in analyzing large amounts of data which foster actionable business decisions
• Experience managing data analysts or statisticians with a proven capacity to lend guidance, insight and comprehension of in-depth, detailed analysis they produce
• Solid understanding of operational execution is necessary to contextualize, and support recommended strategic deployments.

Preferred Experience:

• Master’s in Business Management, Statistics, Mathematics
• Ten years or more in Fraud Risk and/or Credit Risk

Skills

Essential Skills:

• Ability to work independently, remain organized, and prioritize work to work on multiple projects over the same time period with accuracy and attention to detail.
• Utilize critical thinking skills to help analyze business issues, collaborate with stakeholders to resolve problems, is strategic, and gains consensus on the best solution.
• Research and understand industry best practices for fraud mitigation strategies, techniques and risk.
• Build relationships by establishing trust, confidence and credibility with senior leaders, executives, and regulatory bodies.
• Build and maintain productive partnerships with key areas of the business (e.g., Operations, Credit Management, Client Partnership) to ensure strategies are comprehensive, fit for purpose and executed as designed.
• Research and understand relevant regulations and work with Compliance and Operations partners to ensure strategies comply. Ensure controls are in place to mitigate any potential liability.

Desirable Skills:

• Master’s in Business Management, Statistics, Mathematics
• Ten years or more in Fraud Risk and/or Credit Risk

Benefits

Full Salary Range For Position:

• California: $154,500.00 - $347,700.00
• Colorado: $134,400.00 - $292,100.00
• New York: $147,800.00 - $347,700.00
• Washington: $141,100.00 - $319,900.00
• Maryland: $141,100.00 - $306,000.00
• Washington DC: $154,500.00 - $319,900.00
• Illinois: $134,400.00 - $306,000.00
• New Jersey: $154,500.00 - $319,900.00
• Vermont: $134,400.00 - $278,200.00
• Ohio: $134,400.00 - $278,200.00
• Maine: $134,400.00 - $278,200.00
• Connecticut: $147,800.00 - $306,000.00
• Virginia: $134,400.00 - $278,200.00

Additional Benefits:

• Medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability)
• Flexible Time Off (FTO) program
• Disability coverage
• Parental leave
• 401(k) plan
• 11 paid holidays
• Discretionary vacation time
• Paid sick and safe time (“PSST”)
• Stock purchase program
• Annual incentive bonus

Pay

$134,400.00 - $278,200.00

Schedule

Normal office environment. As a senior leader, must work at a Bread Financial office a minimum of 6 days per month. Ability to travel 6 days a month if not located near a Bread Financial office. Ability to travel 25% of time if not located near Bread Financial office.

Direct Reports

This role will have two to four direct reports and eight to twelve direct reports in function.