Director, Payments Modernization Fraud Strategy

Requisition ID: 191358
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose
Contributes to the overall success of the Enterprise Fraud Management team globally 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.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Aligns with overall Scotiabank Payments Modernization program goals, requirements and timelines; translates the program vision for Fraud Risk into high level scope, design and deliverables; facilitates and/or manages Fraud's strategy development and execution in support of the Payments Modernization program

• Oversees the execution of key business initiatives identified as dependencies for fraud monitoring capabilities required for Payments Modernization; Collaborates with all associated technology partners to ensure Fraud technology requirements and dependencies are delivered.

• Ensures fraud monitoring capabilities and Fraud Operations readiness by establishing a process for program/project issues; resolves complex issues and escalates to executive/ steering committee as required.

• Assumes responsibility for the development of Fraud project metrics, KPI's including status reporting on benefit realization for tracking value and performance against Fraud deliverables

• Manages program level communications to all stakeholders; provides senior management with timely updates on Fraud issues related to Payments Modernization.

• Acts as product owner for payment fraud monitoring project to ensure it delivered successfully which is foundation for Payments Modernization.

• Acts as Fraud representative for Scotiabank in all industry committees, working groups, or activities related to Fraud Payments Modernization; strategically inform and influence, Fraud Management, IT, Product and channel partners.

• Maintains constant awareness of current and emerging industry trends and legal and regulatory requirements relating to fraud risk for Payments Modernization in Canada and globally ensuring the Bank's adherence to applicable legislation and regulations. Develop and maintain an extensive network of external contacts to keep up to date on industry best practices and performance standards. Monitor and assess evolving methods and trends worldwide and develop programs and systems to reduce the Bank's exposure.

• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively 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.

• Champions 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.

Education / Experience / Other Information
• Post-secondary education in Business, or equivalent business experience
• Understanding Banking system/processes and general payments ecosystem
• Prior experience (at least 5 years) in fraud/risk related fields would be an asset.
• Previous experience working as a people manager is preferred
• Must be self-motivated, energetic and results-oriented and be committed to adding value to the organization
• In addition, the idea candidate would possess:
• Creative, out-of-the-box thinker, strong relationship management and problem-solving skills
• Excellent verbal, written and presentation skills
• Excellent organizational and leadership skills
• Highly flexible and able to adapt quickly to changing priorities
• Ability to impact and influence, achieve consensus with various internal and external business partners
• Experience with Fraud prevention and strategies is an asset

Location(s): Canada : Ontario : North York || 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.