Job Summary
Job Description
What is the opportunity?
Fraud Data Science & Analytics (DSA) consists of five collaborating functions that leverage data science to optimize across our strategic pillars of Fraud Loss, Operating Cost & Client Experience, and empowering our partners with analytic expertise. As part of DSA, the Value Assurance and Insights (VAI) team represents Fraud Management on data science collaborations with internal and external analytic teams. The VAI team works with partners to develop, validate and maintain fraud risk models and features that contribute to DSA’s efforts to optimize performance across our strategic pillars.
What will you do?
- Represent Fraud Management in collaboration with various Data Science teams on analytic Proofs of Value (POV)s, validate the resulting models to assess feasibility and potential Fraud benefits
- Lead the design and execution of a variety of analytic Proof of Value experiments on Vendor Data Products to ensure they will provide real Fraud benefits
- Work with Fraud IT to ensure implementability for prospective data products
- Liaise with Vendor Data Product suppliers to optimize performance of data products, performing necessary tuning and leveraging changes in data technology when available
- Design and build model performance reporting with metrics for evaluating data products and fraud risk models built by DSA and establish appropriate thresholds for automated alerts on model performance
- Identify, research and escalate performance issues, ensuring management awareness and appropriate action is taken
- Work with Enterprise Model Risk Management to validate vendor models by completing model documentation
What do you need to succeed?
Must-have
- 3+ years’ experience in advanced analytics or data science related roles, working with large, real-world datasets
- Strong knowledge of big data and cloud platforms, data architectures and tools, and proven experience with analytical software packages and programming languages
- Ability to quickly develop an understanding of the technical architecture that underpins the Fraud Decisioning Ecosystem and how it supports day-to-day detection requirements of DSA
- Degree in a Quantitative Discipline and strong problem solving, research and quantitative skills
- Solid data analytics expertise, with an understanding of common enterprise technologies and approaches
- Professional oral and written communication and presentation skills, and ability to effectively communicate analytical concepts and recommendations to technical and non-technical audiences
- Strong collaboration and partnership skills with the ability to navigate through ambiguity
- Strong data management skills, and an understanding of data lifecycle, including data governance
Nice-to-have
- Graduate Degree in a Quantitative Discipline
- Fraud Management experience
- Knowledge of Canadian banking and payment industry, payments and digital transaction data and financial fraud
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
- Leaders who support your development
- Ability to make a difference and lasting impact
- Opportunity to take on progressively greater accountabilities
Job Skills
Actionable Insights, Analytical Statistics, Analytics Insights, Critical Thinking, Data Administration, Database Structures, Data Mining, Data Modeling, Data Movement, Detail-Oriented, Group Problem Solving, Quantitative Research, Research Documents, Storytelling, Strategic Objectives, Teamwork
Additional Job Details
Address:
YORK MILLS CENTRE, 36 YORK MILLS RD:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
PERSONAL & COMMERCIAL BANKING
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-08-13
Application Deadline:
2024-12-06
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Top Skills
What We Do
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.
