Director, Fraud Operations

Requisition ID: 273679 

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

Reporting to the Vice President, Canada Fraud Management, this role has overall accountability for the leadership and oversight of Fraud Operations at Tangerine, ensuring business strategies, plans, and day-to-day activities comply with governing regulations, internal policies,and procedures. The incumbent is accountable for developing Tangerine’s fraud prevention and detection strategies, policies, and programs across its broad range of products and delivery channels, as well as leading initiatives to safeguard Tangerine’s reputation, maintain customer confidence, and minimize losses to the Bank. Strategically, this role must continue to evolve the Fraud Operations strategy to mitigate fraud risk and reduce fraud losses.

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

• Lead and drive a customer-focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Leads the transformation, design, development, and sustainment of fraud operations strategies, processes and policies intended to reduce the Bank's exposure and minimize losses resulting from criminal activity across a broad range of complex products and delivery channels.
• In conjunction with the Fraud senior leadership team, contribute to the long-term strategic direction of Fraud Management and provide input into the design and implementation of the overall fraud management strategic roadmap and future initiatives, including the Automation and AI program.
• Leverages and continually monitors fraud prevention best practices to ensure ongoing effectiveness in detecting fraudulent activity. Ensures reporting and key metrics are established, reviewed, and leveraged as part of the management of the function. Works with Fraud Analytics resources in Global Fraud Management.
• Leads the monitoring and reporting of fraudulent activities and the communication with customers, partners and stakeholders.
• Lead incidents, as appropriate, by leveraging support from the Cyber Fraud Incident team within Global Fraud Management.
• Keep abreast of emerging issues, trends, and evolving regulatory requirements, and assess their potential impact on customers, the Bank, and appropriate actions.
• Employs a best-in-class operating model to mitigate fraud losses, improve efficiencies and increase productivity, thus enhancing the customer experience, reducing the Bank’s exposure to fraud and delivering a best-practice control environment.
• Collaborate with business leaders to proactively identify threats, vulnerabilities, and operational gaps, and address emerging trends.
• Provide overall management of Tangerine Fraud Relationship Management and governance over fraud key metrics, including KPIs and KRIs, to measure fraud exposure and the effectiveness of fraud mitigation strategies.
• Provide advice and counsel to the Bank's Senior Management and Business Line Management in the assessment and management of fraud issues to ensure business decisions balance business growth and fraud risk management; and partner with other key stakeholders in Tangerine to ensure adherence to policies and procedures.
• Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.
• Creates an environment in which his/her team 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.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates the team by fostering an inclusive work environment, communicating the vision, values, and business strategy, and managing succession and development planning.
• Create a high-performance environment where employees invest wisely, take accountability, and focus on the right priorities. Ensure timely, high-quality, efficient, and effective processes and procedures that enable business partners’ success and deliver a superior customer experience.

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:

• Post-Secondary Education with a minimum of 10 years of relevant experience (or equivalent business-related experience) at the executive level.
• In-depth knowledge of laws and regulations associated with fraud management, with a demonstrated ability to stay abreast of criminal trends, identify current and potential risks to the Bank and its assets, and take appropriate action.
• Excellent written and verbal communication skills, with the ability to interact effectively with the Bank’s Executive Management team, industry and regulatory bodies, and peers at other financial institutions.

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities — for you and our customers.
• A competitive rewards program that includes an annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship — We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow, and participate through our various Employee Resource Groups (ERGs), which span diverse gender identities, ethnicities, races, ages, abilities, and veteran statuses.
• Accessibility and Workplace Accommodations — We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove, and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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.