Royal Bank of Canada

Senior Manager, Fraud Detection & Optimization

Royal Bank of Canada$110K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in data science, machine learning, data mining or statistics
  • Degree in Mathematics, Statistics, Computer Science or related field
  • Ability to analyze large datasets and present findings to stakeholders
  • Proven experience with analytical software and programming languages such as SAS, R, SQL, Python
  • Experience with big data technologies like Hadoop, Hive, Apache Spark
  • Exceptional communication skills for both technical and non-technical audiences
  • Demonstrated leadership in analytics teams

Responsibilities

  • Lead a team in creating fraud prevention and detection programs using advanced analytical models
  • Develop standards to enhance team efficiency and effectiveness
  • Explore and implement innovative analytical solutions and technologies
  • Collaborate with Fraud IT to improve the fraud decisioning ecosystem
  • Maintain collaborative relationships with Fraud Strategy and Operations
  • Ensure compliance with audit controls and information security within team functions
  • Support strategic priorities and analytics exercises in Fraud Management

Benefits

  • Comprehensive Total Rewards Program
  • Leadership support for development and career opportunities
  • Opportunities to make a positive impact and lasting influence in communities
Full Job Description
Job Description

What's the opportunity?

You will help lead a team of Data Scientists and Fraud Analysts in applying advanced methodologies to develop effective and balanced fraud detection and client treatment strategies across products and channels. You will work with Fraud Data Science & Analytics (DSA), Fraud Strategy, Operations and IT teams, to optimize and balance performance across the fraud pillars - fraud loss, operating cost, client experience and risk framework. You will improve our ability to leverage technologies and data streams to enhance real-time decisioning capabilities. You will ensure effective fraud prevention and detection rules across several decision engines, and appropriate resourcing across product squads.

What will you do?
  • Lead Data Scientists and Fraud Analysts in developing an effective and balanced fraud prevention and detection program through a best-in-class suite of fraud rules and predictive models
  • Develop and implement standards, routines and monitoring to improve overall efficiency and effectiveness of the team,
  • Explore new analytic solutions, technologies and methodologies to enhance the bank's position as a global leader in the fraud industry
  • Collaborate effectively with partners in Fraud IT on the continuous improvement of the fraud decisioning ecosystem
  • Maintain a strong/collaborative relationship with Fraud Strategy and Operations in product squads, focused on highlighting emerging fraud risks and developing cross-discipline approaches to mitigate fraud
  • Ensure all functions (applications and procedures) within the team are carried out in a risk conscious manner, and key audit controls and information security controls are consistently satisfied
  • As an expert in data and fraud detection, support Fraud Management's strategic priorities and various analytic exercises and data extractions


What you need to succeed

Must have:
  • 5+ years of experience in data science, machine learning, data mining or statistics
  • Degree in Mathematics, Statistics, Computer Science or other related field
  • Ability to perform complex data analysis on large volumes of data and present findings to stakeholders
  • Strong practical knowledge of, and proven experience with, analytical software packages and various programming languages (eg: SAS, R, SQL, Python etc.)
  • Demonstrated experience working with big data technologies (Hadoop, Hive, Apache Spark etc)
  • Exceptional communication and presentation skills, including the ability to effectively communicate analytical recommendations to both technical and non-technical audiences
  • Demonstrated leadership capabilities and proven ability to lead data analytics teams
  • Strong critical thinking and analytical skills with the ability to solve complex problems and develop data-driven solutions


Nice to have:
  • Graduate degree in Mathematics, Statistics, Computer Science or other related areas
  • Knowledge of Canadian banking and payment industry payments transaction data and financial fraud


What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • A comprehensive Total Rewards Program
  • Leaders who support your development and opportunities
  • Ability to make a difference and lasting impact.


Job Skills
Artificial Intelligence (AI), Big Data Management, Data Mining, Data Science, Decision Making, Machine Learning (ML), Natural Language Processing (NLP), Predictive Analytics, Python (Programming Language), Statistical Analysis

Additional Job Details

Address:

YORK MILLS CENTRE, 36 YORK MILLS RD:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-14

Application Deadline:

2026-08-28
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
5 Year Trend
+8.7%
NASDAQ

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