Fraud Strategy Senior Analyst

Global Risk and Security (GR&S) at Vanguard enables business strategy, protects client and Vanguard interests (e.g., assets and data), and stewards a strong risk culture. Our teams leverage enterprise-wide insights, deep expertise, and trusted advice so that across Vanguard leaders and crew drive faster, stronger, risk-informed decisions.

Within GR&S, the Enterprise Security and Fraud (ES&F) sub-division is responsible for the global protection of Vanguard crew, property, data, and client assets. We are the trusted advisors that protect the pride of Vanguard with state-of-the-art security and fraud capabilities. We are a world-class destination of highly engaged, passionate, and diverse talent expected to continuously learn and develop in an ever-changing security landscape.

Our crew are our greatest resource - by joining our team you will build collaborative long-term relationships and enjoy a suite of benefits that includes comprehensive health and wellness care, work-life balance, and an investment in your future at its core.

Key Responsibilities

• Own Fraud Strategy & Rule Coverage:

Define and maintain fraud rule strategies across debit and real-time payment channels, including control coverage, decision logic, risk appetite alignment, and strategy documentation.

• Manage Real-Time Decisioning Rules:

Build, test, deploy, and maintain fraud rules, thresholds, queues, and decision logic within real-time decisioning platforms.

• Enhance Rules Engine Capabilities:

Translate fraud strategy requirements into rules engine enhancements, decisioning capabilities, data inputs, and operational workflows in partnership with engineering.

• Optimize Performance Outcomes:

Continuously monitor rule performance and optimize detection effectiveness, fraud loss prevention, false positives, manual review volume, and client friction through disciplined tuning.

• Analyze Performance & Identify Rule Opportunities:

Use transaction data, model outputs, case outcomes, and fraud trends to identify strategy gaps, refine segmentation, and recommend rule changes.

• Partner on Strategy Execution:

Work with Product, Engineering, Risk, and Operations to implement fraud rules, validate control impacts, and ensure strategies operate effectively within customer journeys and new product launches.

• Communicate Strategy Performance:

Summarize fraud trends, rule performance, optimization results, and customer experience trade-offs in clear, data-driven narratives.

• Ensure Strong Governance:

Maintain disciplined rule governance, change controls, testing evidence, performance monitoring, and adherence to risk and regulatory standards.

Qualifications

Required Experience

• 5-8+ years in fraud risk, payments risk, or financial crimes
• Deep expertise in: Card fraud strategy (CNP and CP) for card issuers or merchants, as well as knowledge of Real-time payments (Zelle, RTP, P2P, Bill Pay and other emerging payments)

• Proven experience owning and optimizing real-time fraud decisioning rules, thresholds, and strategies
• Experience translating fraud strategy requirements into rules engine changes in partnership with Product, Engineering, Risk, and Operations

• Bachelor’s degree in Statistics, Mathematics, Data Science, Finance, Computer Science, or a related field. Graduate degree preferred.

Technical & Analytical Skills

• Expertise in fraud rules engines / decisioning platforms

• Strong analytical capabilities in segmentation, rule performance measurement, A/B or champion/challenger testing, and optimization

• Working knowledge of fraud models / machine learning concepts and model governance

• Ability to translate data into actionable fraud rule changes, strategy recommendations, and measurable performance improvements

• Strong experience with analytical tools such as Python, R, SAS, SQL, and platforms such as Tableau or Power BI.

Strategy Communication & Collaboration

• Ability to explain rule strategy, optimization rationale, performance results, and risk trade-offs to business and technical partners
• Excellent written and verbal communication skills for documenting strategy changes, testing outcomes, and performance insights
• Collaborative approach to aligning rule changes with operational readiness, product requirements, and risk governance expectations

Special Factors

Sponsorship

About Vanguard

At Vanguard, we don't just have a mission-we're on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.