Manager, Fraud Analytics

Scotiabank•Toronto, ON

1d•Onsite

About The Position

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. Ensures all activities conducted follow governing regulations, internal policies and procedures. Proactively contributes to the Fraud strategy by applying advanced analytics techniques to enhance fraud mitigation capabilities for multiple products across the Canadian Retail portfolio, including Day to Day Banking, Credit Cards, Unsecured Lending Products, Mortgages and Global Payments.

Requirements

A University degree in statistics, mathematics or computer science
3-5 years analytical experience preferred including statistical analysis, ideally related to Fraud Analytics or Risk Management
Strong coding, organizing and manipulating large amounts of data (SAS, R, Python, SQL)
Strong prioritizing, planning, analytical, presentation, project management, and relationship building skills
Strong communication skills essential with clients, vendors and management
Must be self-motivated, energetic and results-oriented and be committed to adding value to the organization

Nice To Haves

Experience with PRM or similar fraud platform strongly desired

Responsibilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Develop, execute, and monitor fraud strategies for payment cards (credit and debit) including fraud types such as Card Present, Card Not Present (including 3D Secure), Account Takeover, etc.
Report regularly on performance of existing fraud strategies deployed in Canadian Banking
Identify improvements of existing fraud strategies, procedures and policies
Maintain performance reporting and liaise with business partners to assess trends that may impact the business
Drive strong partnership with Fraud Operations to identify opportunities for improvement with focus on risk/return while ensuring alignment.
Identify and escalate fraud risks that are or will become in excess of the Risk Appetite
Leverage data mining tools (SAS, Python, R, SQL) to formulate fraud strategies that minimize fraud losses while maintaining a positive customer experience and controlling operating costs
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
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.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.