Director, Internal Fraud Detection

Requisition ID: 222484

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

The Director, Internal Fraud Detection builds and manages the internal fraud detection program ensuring the team is equipped with the expertise, procedures, data, technology, and relationships they need to be successful in detecting unauthorized employee activity which contribute to financial transactional losses for the Bank. Leads a key component of the Bank's control strategy for Insider Threat Management, and actively and continuously drives enhancements to ensure comprehensive detection efficacy. Contributes to the overall success of the Global Fraud Management function ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

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

• Lead the development, and execution of an internal fraud monitoring program focused on the detection of unauthorized financial and non-financial transactions by employees.
• Innovate and expand detection methodologies and data sources to identify new potential indicators of risk activity and fraud.
• Monitor and assess the effectiveness of internal fraud monitoring rules and controls, including system generated alerts handling process, scoring and models, and manual fraud controls for possible enhancement.
• Implement mechanisms for early detection of fraud patterns and trends.
• Establish metrics and reporting framework to comprehensively measure and monitor performance and demonstrate insights.
• Support internal fraud control activities across broader Employee Monitoring and Insider Threat Management functional groups.
• Participate in fraud risk assessments to proactively identify, assess, and mitigate fraud risk across the organization, identifying areas for improvement and vulnerabilities.
• Understand and apply the Bank's risk appetite and risk culture for day-to-day activities and decisions.
• Contribute to the overall success of the Global Fraud Management function, ensuring specific individual goals, plans and initiatives are delivered in support of the team's business strategies and objectives.
• Ensures all activities conducted in accordance with Scotiabank's values and Code of Conduct and are in compliance with governing regulation and internal policies, procedures, and standards.
• Build and maintain a high-performance environment with a people strategy that attracts, retains, develops and motivates the team by fostering curiosity and an inclusive work environment and using a coaching mindset and behaviours; communicating vision, values, and 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? We'd love to work with you if you have:

• Minimum of 5+ years experience in internal fraud risk management and/or related fraud detection management function.
• Demonstrated subject matter expert in fraud.
• Relevant qualifications which may include: Certified Fraud Examiner (CFE), Certificate in Fraud Risk Management (CFRM), ICA Diploma in Fraud Risk Management/Financial Crime Prevention, Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA).
• Strong analytical and problem resolution skills.
• Passion for fraud management and building the right culture and strong knowledge of detection solutions and methodologies.
• Strong stakeholder management and collaboration skills.
• Excellent communication and presentation skills with the ability to present to senior-level executives as well as technical staff.
• Experience in analyzing and interpreting data from multiple sources, documenting the results, and providing meaningful analysis reports and briefings.
• Post-secondary education in a related field.
• Bilingual in Spanish is an asset.

What's in it for you?

• A rewarding career path with diverse opportunities for professional development.
• We are part of a Global Fraud Management team that supports various business lines globally. As a team we have the opportunity to work on various applications and complex projects.
• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience.
• An organization committed to making a difference in our communities - for you and our customers.
• Perfect for problem solvers who love to scenario plan and work with a wide-ranging number of business partners and geographies.
• Potential to further evolve the function and take on more responsibility based on emerging risks.
• Hybrid working environment allowing for work/life balance.

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.