Product Owner Enterprise Fraud

Definity Financial; Toronto; On-site; CAD 106,000 - 196,000; Full time

Job summary

A financial services company in Toronto is seeking a Product Owner to lead fraud detection solutions. This role involves developing models, collaborating with data scientists, and ensuring compliance with industry regulations. Ideal candidates have a Bachelor's degree, deep experience in the insurance industry, and strong communication skills. Salary range is competitive, reflecting experience and expertise.

Qualifications

• Deep experience in the Property and Casualty Insurance industry, focusing on fraud prevention/investigation.
• 5 years of project management experience, with 3 years as a Product Owner.
• Creative and innovative problem-solver.

Responsibilities

• Develop and implement fraud detection models and rules.
• Collaborate with data scientists and developers to enhance fraud prevention software.
• Drive user story prioritization based on business value.

Skills

Communication skills

Product development support

Stakeholder negotiation

Agile/Scrum expertise

Problem-solving

Education

Bachelor's degree in a related field

Tools

JIRA

Confluence

MS Project

Job description

Enterprise Fraud is looking to hire a Product Owner to lead the development and management of post-bind fraud detection solutions. You will be part of this exciting team collaborating with multiple stakeholders, Underwriting, Advance Analytics, Technology Solutions and Business Intelligence. You will play a critical role in helping drive innovative fraud prevention strategies and position Definity Insurance as a leader amongst our competitors and customers.

What can you expect from this role?

• Develop and implement sophisticated fraud detection models and rules that enable monitoring and analysis of suspicious activities across insurance products and services.
• Collaborate with data scientists, software developers, and other stakeholders to enhance existing insurance fraud prevention software and develop new AI-driven solutions.
• Stay up-to-date with the latest advancements in fraud detection technologies, coding languages, and AI algorithms specific to the insurance industry, and proactively recommend innovative approaches to mitigate emerging fraud risks.
• Ensure compliance with industry regulations, company policies, and data protection standards in all insurance fraud detection and prevention activities.
• Drive sprint and release plans together with the Enterprise Fraud and analytics team, and own the Product backlog
• Drive user story prioritization based on business value and customer needs
• Interpret internal/external business challenges and the industry environment to recommend course of action and best practices to improve products, processes, or services
• Exercise strong decision making, owning product from discovery through market implementation and beyond
• Communicate difficult concepts; convert information into compelling business context and advice to influence and gain alignment among increasingly senior stakeholders
• Promote the product during key moments (e.g., internal events,) and supports enterprise fraud leadership
• Embody a non-hierarchical culture of collaboration, transparency, safety, and trust in the squad

What do you bring to this role?

• Bachelor's degree in a related field
• Deep experience in the Property and Casualty Insurance industry, its related practices, and processes specifically Fraud prevention / investigation
• Experience in product development support based on deep product expertise in Agile/Scrum processes, roles, and practices
• Knowledge of project management and agile lifecycle management tools (e.g., JIRA, Confluence, MS project)
• Ability to drive the 'big picture' strategies while keeping an eye on details
• Strong written and verbal communication skills
• Ability to influence and effectively negotiate with stakeholders; strong facilitation and conflict resolution skills
• Creative, innovative, and critical thinkerwith a genuine excitement for solving problems within the business

Nice to have:

• Previous Full cycle project leadership experience with direct accountability for executing projects in large and complex environments
• 5 years of project management with 3 years as a Product Owner
• Certified Scrum Product Owner Designation an asset
• Project Management or Agile Certification an asset

Salary range is $77,100 - $142,000