Vice President, Business Risk Management - Fraud Risk

Royal Bank of Canada; Toronto; On-site; CAD 110,000 - 150,000; Full time

Job summary

A leading bank is seeking a Fraud Risk Management Expert in Toronto to enhance their fraud risk mitigation strategies. The role involves evaluating risks, overseeing fraud investigations, and developing operational reporting while working closely with various teams to support continued growth.

Benefits

Comprehensive Total Rewards Program

Opportunities for professional development

Dynamic, high-performing team environment

Qualifications

• 7+ years' experience in Fraud Risk Management.
• 5+ years' experience in Fraud Investigations.
• Ability to influence diverse stakeholders.

Responsibilities

• Evaluate fraud risks and implement strategies.
• Oversee effectiveness of fraud monitoring.
• Perform data analysis to enhance detection strategies.

Skills

Leadership

Communication

Problem Solving

Interpersonal Relationship Management

Job description

Reporting to the Director, Business Risk - Fraud, Operational and Cyber Risk, the employee will play a key role in the continued build out of the RBC Clear Fraud Risk Management program including enhancements to Fraud Risk Mitigation strategies and Fraud Investigations processes. Working closely with partners in the RBC Clear Products / Channels team and BCS, this role will support the Director, in identifying fraud risks and developing / implementing mitigating strategy to support the continued growth of the RBC Clear business and lead the RBC Clear Fraud Operations team.

What will you do?

• As a subject matter expert (together with the Director), evaluates fraud risks associated with new RBC Clear processes and products and recommends / implements mitigating strategies.
• Uses in-depth fraud and investigations knowledge to oversee the effectiveness of fraud monitoring and the investigation of fraud alerts. Ensures all alerts are worked within benchmarks and follow established procedures.
• Perform data analysis to aid in the development of enhanced fraud detection strategies.
• Constantly seeks new and innovative ways to optimize people, processes and systems to detect and prevent fraud.
• Maintain the RBC Clear Fraud Operations Framework and Procedures that will detail the structure, roles & responsibilities and key processes.
• Responsible for supporting the implementation and integration of all projects, initiatives and system enhancements impacting RBC Clear Fraud Operations.
• Responsible for developing Operational reporting requirements to manage the Operations team and provide visibility into the effectiveness and efficiency of the RBC Clear Fraud Management program.

What do you need to succeed?

• 7+ years' experience in Fraud Risk Management
• 5+ years' experience in Fraud Investigations
• Strong leadership and communication skills
• Ability to both grasp big picture concepts and demonstrate rigorous attention to detail
• Ability to influence a diverse group of stakeholders and demonstrate strong collaboration skills across the organization
• Strong problem-solving skills with a results-oriented mindset

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

Job Skills

Business Oriented, Business Performance Management, Business Process Modeling, Communication, Decision Making, Interpersonal Relationship Management, Process Management

Additional Job Details

Address :

RBC CENTRE, 155 WELLINGTON ST W : TORONTO

City : TORONTO

Country : Canada

Work hours / week : 37.5

Employment Type : Full time

Job Type : Regular

Posted Date : 2025-05-06

Application Deadline :

Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above

I nclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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