Senior Manager, Fraud Risk Management
Senior Manager, Fraud Risk Management
Posted on :
24-07-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Senior Manager Fraud Risk Management supports the development and ongoing execution of a strong fraud risk management program across Equitable Bank and provides independent oversight and effective challenge as the second line of defense to ensure the Bank operates within its established risk appetite.
The Core Responsibilities!
- As a member of the Operational Risk Management team the Senior Manager Fraud Risk Management role supports the advancement of fraud risk management practices across the Bank. A subject matter expert (SME) for fraud risk this individual will collaborate with business units and senior stakeholders to mitigate fraud risk and align with the Banks risk appetite and regulatory expectations.
- Lead the Banks second line of defence fraud risk monitoring and testing activities to ensure controls are effective and aligned with the Banks risk management framework.
- Develop and maintain policies procedures and methodologies for robust fraud risk management.
- Provide oversight to the business through fraud risk assessments and ensuring remediation / action plans are appropriately addressed monitored reported and escalated as necessary.
- Collaborate with business units to strengthen controls and proactively address identified fraud risks.
- Evaluate and challenge Key Risk Indicator (KRI) reporting to validate accuracy and identify trends.
- Conduct investigations and prepare reports for operational risk events.
- Prepare and deliver comprehensive reports on fraud monitoring and testing results to senior management and stakeholders.
- Communicate findings recommendations and action plans to ensure resolution of identified issues.
- Maintain detailed documentation and work papers to support testing activities and findings.
- Serve as a trusted advisor to the business on fraud risk controls and emerging threats.
- Assist with operational risk training programs and program awareness delivery.
- Support regularly scheduled and ad-hoc risk reporting and analytics to inform senior management reporting.
Fraud Risk Management and Oversight
Business Advisory
Risk Reporting
Lets About Talk You!
- Undergraduate degree in finance economics business administration or commerce.
- 5-7 years of experience in a fraud risk and/or operational risk oversight role in a financial institution.
- Ability to lead and motivate as this role includes one direct report.
- Certified Fraud Examiner (CFE) designation and/or Risk Management certification such as Canadian Risk Management designation (CRM) would be considered an asset.
- Basic knowledge of risk management compliance matters and corporate governance.
- Strong analytical and quantitative skills and problem-solving abilities. Strong attention to detail.
- Strong written and verbal communication skills coupled with meeting facilitation abilities and good presentation skills.
- Good organizational project and time management skills to efficiently deliver concurrent projects with competing priorities.
- Experienced in audit or sampling techniques and regulatory/legal requirements of financial institutions.
- Developing knowledge and awareness of the financial industry risk management practices and regulatory and/or policy changes.
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Senior Manager
Employment Type
Full-Time
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