Senior Manager, Fraud & Risk Management

Requisition ID: 231450

Join a purpose driven winning team committed to results in an inclusive and high-performing culture.

Leads and oversees a First Party Fraud Risk mandates in Retail Unsecured Lending Products Canada ensuring business strategies plans and initiatives are executed / delivered in compliance with governing regulations internal policies and procedures.

Is this role right for you In this role you will:

• Accountable for developing executing and monitoring First Party Fraud Risk related strategies for Canadian Banking across all lifecycles multiple platforms and products primarily focusing on Unsecured Retail Products (Credit Cards Unsecured Line of Credit Personal Loans and Overdraft) leveraging best in class analytics.
• Monitor and analyze first party fraud this includes identifying escalating and investigating emerging trends and exploits as well as existing and potential risks and mitigation opportunities. The applicant must be able proactively identify opportunities and provide recommendations to prevent and mitigate against first party fraud and will be responsible resolving issues and implementing controls with a sense of urgency.
• Develop and automate first party fraud loss reporting and MIS monitor and forecast the reportable losses against established risk appetite escalate breaches and recommend action plans
• Identify new First Party Fraud mitigation opportunities across all lifecycles and assist and/or lead the development and implementation of the initiatives working with stakeholders across IT Fraud Operations and other business partners to ensure projects are executed successfully and on time
• Assist in the development of First Party Fraud models (e.g. application frauds credit card transactions) using data sciences and statistical mining tools (Python SAS R) to create high risk alerts for actions
• Liaise with industry experts and partners (including Credit Bureaus Fraud Consortium external vendors) to drive opportunities to leverage new data and technology to improve First Party Fraud strategy
• Collaborate with operational partners (sales unit mid office collections and credit loss provisions) to improve First Party Fraud review process and loss allocation.
• Participate in fraud incident management investigate suspicious transactions and control breaks escalate and recommend quick response -- maintaining a log of issues gaps and resolutions
• Builds a high-performance environment and implements a people strategy that attracts retains develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:

Whats in it for you

• An inclusive & collaborative working environment that encourages creativity curiosity and celebrates success!
• We offer a competitive rewards package: Performance bonus Employee Share Ownership Program and Pension Plan Matching Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future we help our customers their families and their communities achieve success through a broad range of advice products and services including personal and commercial banking wealth management and private banking corporate and investment banking and capital markets.

At Scotiabank we value the unique skills and experiences each individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including but not limited to an accessible interview site alternate format documents ASL Interpreter or Assistive Technology) during the recruitment and selection process please let our Recruitment team know. If you require technical assistance please click here. 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.