Senior Manager, Fraud Strategy and Prevention
1 month ago
Job Summary
Job Description
What is the opportunity?
As a Fraud strategist, you will be responsible for managing the business of fraud on the Commercial credit card and Retail debit card portfolios. This involves identifying ways to mitigate fraud while ensuring an effective balance between Risk management, the client experience, and operational costs. You will define the short and long-term fraud strategy of the portfolios, working closely with Business partners and stakeholders to bring this vision to life. This includes performing root cause analysis on large fraud cases and monitoring trends while researching and understanding third-party solutions in the market designed to identify and reduce fraud.
What will you do?
- Discovery, Regression, and Planning: Understand internal and external fraud schemes, business partner objectives, and technology capabilities and develop strategic plans for addressing new and existing fraud risks.
- Design and Prototype: Partner with Fraud Data Analytics & Insights, Operational Excellence, Fraud Operations, IT, and LOB owners to design anti-fraud tools and processes.
- Support the operationalization of Fraud Management Processes: Ensure Fraud Management processes are always relevant, efficient, effective, and scalable, and leveraged wherever possible.
- Review and approve project documentation by Agile/Waterfall Project Management Framework (PMF) for project delivery. Identification of key controls needed to mitigate fraud loss.
- Diminish roadblocks for assigned Projects Managers, defining points of agreement/compromise with fact-based solutions for consideration.
- Present updates to LOB SMT quarterly on Fraud Metrics, Strategy, and Fraud Risk Appetite.
- Collaborate with CIS, Cyber, and Operations Excellence to surface existing and emerging internal fraud trends, risks, and detection mechanisms to maximize the impact of fraud strategies.
- In this role, you will communicate and interact frequently with RBC partners and/or employees located across Canada and/or worldwide.
What do you need to succeed?
Must-have
- 10+ years' Financial services industry experience and knowledge of banking products, operational processes, transactions, internal procedures, and general ledger activities.
- Ability to work on problems of complex and diverse scope and identify creative alternatives.
- Demonstrated skill in developing processes, using creative analytical and problem-solving skills.
- Strong analytical and critical thinking skills, with a proven ability to source, analyze, and summarize transactional and financial data.
- Strong written and oral communication and presentation skills.
- Highly organized with the ability to multitask and shift priorities efficiently.
- University degree or equivalent work experience.
Nice-to-have
- Fraud Management or risk-related experience.
- Credit and Debit Cards experience.
- MBA or other professional-related qualifications.
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.
- Challenging work in a fast-paced timeline-driven work environment.
- Ability to make a difference and lasting impact.
- Work in a safe, secure, and positive work environment.
- Work with a great and supportive team.
Job Skills
Decision Making, Fraud Management, Fraud Risk Management, Long Term Planning, Quality Orientation, Waterfall Project ManagementAdditional Job Details
Address:
RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOCity:
TORONTOCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
PERSONAL & COMMERCIAL BANKINGJob Type:
RegularPay Type:
SalariedPosted Date:
2024-10-24Application Deadline:
2024-11-08Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients, and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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