Corporate Vice President, Fraud Risk Management

 

Location Designation: Hybrid - 3 days per week 

 

 

This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.

 

Anti-Fraud Strategy – CVP, PF5 Risk Management

Role Overview:
The Anti-Fraud Strategy CVP plays a critical role in advancing New York Life’s enterprise-wide fraud risk management strategy and governance framework. Reporting to the Head of Fraud Risk Management, this position serves as a senior advisor and strategic partner in shaping and operationalizing the company’s fraud risk management capabilities.

The incumbent will lead and coordinate enterprise efforts to mature the anti-fraud program, ensuring alignment across functions and integration of fraud risk principles into business processes, technology solutions, and governance activities. This role requires deep expertise, strong business acumen, and the ability to communicate with executive-level audiences through high-quality, professional documentation and presentations.

What You'll Do:
• Support the development and implementation of the enterprise anti-fraud strategy, governance framework, and roadmap.
• Drive and coordinate cross-functional execution of strategic initiatives that advance the company’s fraud risk management maturity across the enterprise.
• Track and report on progress of fraud strategy initiatives, highlighting milestones, challenges, and outcomes for leadership visibility.
• Oversee the development, documentation, and maintenance of enterprise fraud risk policies, standards, and procedures to ensure consistency, alignment, and regulatory compliance.
• Produce high-quality, executive-level reporting and presentations for senior leadership and governance committees.
• Monitor emerging fraud risks and industry developments to inform strategic priorities and partner with the Special Investigations Unit and business teams on control and prevention enhancements.
• Collaborate with fraud risk, technology, and business teams to align people, processes, and technology to fraud strategy objectives.
• Lead communication and change management efforts to promote awareness, engagement, and adoption of anti-fraud initiatives, incorporating insights from industry trends and best practices to enhance program effectiveness.
• Provide subject matter expertise and guidance to project teams, risk partners, and senior stakeholders to strengthen enterprise fraud risk management and drive continuous improvement.
 
What You'll Bring:
• Bachelor’s degree or equivalent work experience.
• 10+ years of relevant experience in fraud risk management, fraud operations, financial crimes, compliance, or related areas within financial services.
• Strong understanding of fraud risk frameworks, control design, and the three lines of defense model.
• Exceptional communication skills, with the ability to develop executive-ready materials and present complex concepts to senior audiences.
• Proven project leadership and organizational skills; able to manage multiple priorities and drive initiatives to completion with minimal oversight.
• Demonstrated influence and organizational effectiveness, fostering alignment and engagement across diverse business areas.
• Preferred: Familiarity with insurance products and distribution channels, enabling nuanced insight into fraud risk exposure and prevention opportunities.

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Pay Transparency

Salary Range: $116,000-$165,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

 

Company Overview 

At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounde