Senior Data Scientist, Fraud Detection & Optimization

Job Description
What is the opportunity?
As a Senior Data Scientist, Fraud Detection & Optimization, you will be responsible for the development and execution of fraud detection strategies using advanced analytical methodologies and techniques. These fraud detection strategies will be applied with the goal of reducing RBC’s Fraud Risk and losses, while maintaining a positive client experience and controlling operating costs. You will innovate and implement novel methodologies to improve detection and efficiency across the team, further automating and streamlining processes.

You will contribute to and support a variety of projects and initiatives across Fraud Management and collaborate with multiple stakeholders at varying levels of seniority.

What will you do?

Implement advanced analytical methodologies and proactively identify opportunities to innovate new techniques for fraud detection strategy creation and process and technology improvements

Collaborate with Data Science & Innovation on machine learning and artificial intelligence projects that impact fraud detection, document methodology and standardize process to ensure repeatability

Develop, maintain and optimize fraud detection strategies for non-traditional channels & products, and explore multiple data sources to proactively identify emerging fraud trends and patterns

Leverage reporting to monitor the performance of existing fraud detection strategies, optimize these strategies and use analytical tools to improve detection strategies, enhancing the tools & techniques

Prioritize fraud detection alerts across detection platforms, verify that all rule deployments are accurate and ensure a balance between fraud losses, client experience and operational costs

Contribute to Fraud Management projects and initiatives, provide detection recommendations and implement detection strategies by project deadlines

Develop Fraud Detection analytics best practices, contribute to the development and implementation of the rule strategy framework and create programming code standards for fraud detection

Collaborate across the team to ensure best practices are applied, act as a technical resource for other team members and respond to inquiries regarding fraud data and detection strategies

What do you need to succeed?
Must-have

3+ years’ experience in analytics or data science related roles, working with large, real-world datasets

Strong practical knowledge of, and proven experience with, analytical software packages and various programming languages (eg: R, SQL, Python etc.)

Strong critical thinking and analytical skills with the ability to solve complex problems and develop data-driven solutions

Exceptional communication and presentation skills, including the ability to effectively communicate analytical recommendations to technical and non-technical audiences

Thought leadership capability to lead complex initiatives and discussions driven by analytical and business insights

Ability to see the big picture and guide groups with strategic thinking

Excellent time management skills and demonstrated ability to prioritize workload effectively

Degree in mathematics, statistics, computer science or related quantitative discipline

Nice-to-have

Experience with Hadoop, Hive, Spark, Scala or other big-data platform technology/tools

Knowledge of Canadian banking and payment industry payments 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.

Continued career advancement opportunities

Exposure to strong mentorship and leadership examples

A comprehensive Total Rewards Program including bonuses and flexible benefits

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, and high-performing team

Job Skills
Critical Thinking, Data Administration, Data Mining, Data Modeling, Data Movement, Detail-Oriented, Group Problem Solving, Quantitative Research, Research…