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Turnkey Risk Solutions (TRS) is a Risk Management company led by recognized subject-matter-experts with extensive Analytical, Investigative, and Operational experience. We specialize in developing tools and services that protect organizations from the vast array of First Party Fraud Risks businesses face every day. Our primary focus includes Synthetic Identity, Credit Abuse, Credit Bust Out, as well as, Anti-Money Laundering (AML) and Know Your Customer (KYC). |
First Party Fraud Risk issues present significant challenges in identification and resolution. The risks are complex and current solutions provide insufficient detection. Operational costs are high due to increased false positives rates and lack of appropriate prioritization.
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TRS provides precise targeting, next generation solutions, operational integration and training to effectively identify and combat these emerging threats. |
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TRS has developed a unique approach leveraging innovative methods for detecting risk for our Customers and their clients. Our solutions were built from first-hand experience performing forensic analytics on case evidence from a number of high profile investigations of Organized Syndicated Fraud activity. This combined with our Acquisitions, Authorizations, Credit, Fraud, Payments, and Investigations experience across multiple Consumer and Business products has created unique insights into solving this complex puzzle. TRS will leverage your existing framework to facilitate speed-to-market solutions that are tailored specifically to satisfy the diverse needs of clients’ individual Customer segments. |
The Turnkey Risk Solutions team is widely acknowledged throughout the Financial Services Industry, as well as Federal and Local Law Enforcement agencies across the country, as subject-matter experts for First Party Fraud.
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President |
Amy Walraven is the President, Chief Strategy Officer and Founder of Turnkey Risk Solutions. With more than twenty years of expertise identifying, assessing, targeting, and resolving fraud and credit risk issues, Amy has pioneered advancements in the detection of first party fraud schemes including credit bust outs and organized syndicated fraud activity. Her forensic analytics on several major criminal synthetic identity cases makes her an industry leader in understanding the characteristics and transactional patterns associated with first party fraud schemes. A career risk manager, Amy has developed and implemented scoring models and clustering algorithms to detect organized fraudulent activity at every point of customer engagement. Her cutting-edge solutions have helped mitigate identity risk throughout the customer lifecycle and are leveraged to enhance Know-Your-Customer (KYC) and Anti-Money Laundering (AML) controls. Prior to founding TRS, Amy was the Vice President of Identity Risk Management for Consumer and Business Banking at JP Morgan Chase. Previous to her work at JP Morgan Chase, she was the Senior Personal Bank Officer at MBNA America. Amy is a recognized subject matter expert regarding first party fraud and is a regular panelist and presenter at industry conferences and webinars, sharing her expertise with prominent risk associations as well as government agencies such as the Federal Reserve and Government Accountability Office (GAO). Amy earned a bachelor’s degree in Business Management and Resource Economics, and a Master of Science in Business Management and Human Resources. |
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Director of Education & |
Barbara Simcox is the Director of Education and Law Enforcement Liaison at Turnkey Risk Solutions. Barbara educates clients about fraud and provides first party fraud education and guidance to law enforcement agencies. A former Fraud Investigator and leading industry expert, Barbara has contributed to nearly every major synthetic identity and bust out investigation in the United States over the past decade. In her twenty years of experience, she has participated in early industry testing to identify credit bust out and formalized the first credit bust out program at MBNA. In addition, she was a project group leader for the Bank Policy Institute’s (Formally known as BITS -Financial Services Roundtable) industry whitepaper, “Bust Out and Credit Abuse Activities.” Barbara is a well-respected teacher in the field. She has facilitated financial crime training events for the Federal Bureau of Investigations (FBI), United States Postal Investigation Service (USPIS), United States Secret Services (USSS) and many other federal and state agencies, as well as industries spanning credit card, mortgages, auto lenders, merchant processors, and more. Before joining TRS, Barbara held various positions in collections, lending, credit risk and fraud investigations at Beneficial National Bank, First Card, MBNA America, Bank of America and JP Morgan Chase. Barb is a long-standing member if the International Association of Financial Crimes Investigators (IAFCI). She is a co-founder and co-chair of the IAFCI Bust Out and Synthetic Identity Fraud Working Group, established in 2012. |
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Executive Vice President of Global Insurance Solutions |
Ryan O’Rear is the Executive Vice President of Global Insurance Solutions at Turnkey Risk solutions. He oversees the development and integration of TRS’s top-tier fraud risk management solutions, specializing in solution design and expanding the analytical portfolio. Prior to TRS, Ryan was the Global Counter Fraud Business Transformation and Implementation Leader at IBM, where he developed cutting-edge analytics for fraud detection and prevention, consulting on implementation for industry leaders throughout the financial services industry. Before consulting, Ryan was the National Director of Investigations and Intelligence for a US property and casualty insurance carrier. There he established a Special Investigations Unit that mitigated fraud and pursued civil and criminal actions against organized fraud rings. Ryan has also developed advanced analytics programs, technologies, and detection techniques for clients. He currently teaches several classes on organized fraud in the financial industry, global fraud trends, and counter fraud analytical methodologies. Ryan is a Certified Fraud Examiner (CFE), Senior Claims Law Associate (SCLA), Certified Insurance Fraud Investigator (CIFI), Certified Insurance Fraud Analyst (CIFA), and a Criminal Intelligence Certified Analyst (CICA). He is a former member of the Board of Directors of the International Association of Special Investigation Units (IASIU) and former President and founding member of the IASIU’s Tennessee Chapter. |
