Scotiabank

Senior Manager, Fraud Analytics

Scotiabank$100K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • University degree in statistics, mathematics, or computer science
  • 10+ years of analytical experience, preferably in Fraud Analytics or Risk Management
  • Strong knowledge of Equifax FraudIQ Manager and PRM platforms
  • Proficiency in statistical software such as SQL, SAS, and Python
  • Excellent communication skills with clients, vendors, and management
  • Strong skills in prioritization, planning, analysis, presentation, project management, and relationship building
  • Self-motivated, energetic, and results-oriented

Responsibilities

  • Lead the development and execution of application fraud strategies across multiple banking products
  • Leverage data mining tools to minimize fraud losses and enhance customer experience
  • Analyze and report on the performance of existing fraud strategies
  • Identify new data sources and techniques to enhance fraud strategies
  • Proactively pinpoint improvement opportunities aligning with risk/return considerations
  • Escalate fraud risks that exceed the Bank's Risk Appetite
  • Manage and prioritize various projects and ad-hoc analyses within the Fraud Management Group

Benefits

  • Opportunities to evolve the function and take on more responsibility based on emerging risks
  • Lead strategic projects impacting business line growth
  • Collaborative and inclusive workplace culture valuing diversity
  • Hybrid work environment for better work/life balance
  • Engaging in rapid response to unpredictable fraud events
Full Job Description
Requisition ID: 250407

The Senior Manager, Fraud Analytics contributes to the overall success of the Fraud Management Group in Canada ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team's business strategies and objectives. The Senior Manager ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures. The incumbent proactively contributes to the Fraud strategy by applying advanced analytics techniques to enhance fraud mitigation capabilities in support of our Corporate, Commercial and Business Banking clients for multiple products including Wires, EFT's, e-transfers, etc. on our ScotiaConnect platform.

Is this role right for you? In this role you will:
  • Lead the development, execution and monitoring of fraud strategies and product lines for Canadian Banking, leveraging best in class analytics
  • Ensure data analytics tools are effectively leveraged to formulate fraud strategies that minimize fraud losses while maintaining a positive customer experience and controlling operating costs
  • Analyze and report on performance of existing application fraud strategies by Products and Channels
  • Identify and leverage new data, adopt new techniques and technology to improve fraud strategy performance
  • Proactively identify opportunities for improvement with focus on risk/return while ensuring alignment with Fraud Operations teams
  • Identify and escalate fraud risks that are or will become in excess of the Risk Appetite
  • Lead / participate in the identification, development and implementation of new initiatives
  • Contribute to and support a variety of projects and initiatives across the Fraud Management Group; effectively manage and prioritize initiatives, projects and ad-hoc analysis with stakeholders
  • Participate in discussions with IT partners and vendors on requirements and solution design
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • A University degree in statistics, mathematics or computer science
  • 10+ years analytical experience including advanced statistical analysis, ideally related to Fraud Analytics or Risk Management; ability to draw and communicate key insights from data
  • Strong knowledge of PRM platform or other system is required
  • Experience with statistical software such as SQL, Python
  • Strong communication skills essential with clients, vendors and management
  • Strong prioritizing, planning, analytical, presentation, project management, and relationship building skills
  • Must be self-motivated, energetic and results-oriented and be committed to adding value to the organization


What's in it for you?
  • Perfect for individuals who are both interested in business analysis and preparedness, but who also welcome responding to unpredictable events quickly.
  • Potential to further evolve the function and take on more responsibility based on emerging risks.
  • Lead strategic projects with a significant impact on business line growth.
  • A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience
  • Hybrid working environment allowing for work/life balance


Location(s): Canada : Ontario : Toronto

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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