What is the Opportunity?

We are seeking a highly motivated fraud leader to help build and operationalize modern fraud controls for commercial banking focused on cheque transactions (deposits/issuance) and throughout the client’s relationship lifecycle with the bank. You will own the strategy and support the design, execution, and optimization of fraud controls across two major fraud‑prone commercial banking core activities.

Job Description
Commercial clients’ deposit‑taking & cheque processes across various channels (ie Branch, Armoured Car, Night Deposit, Remote Deposit Capture, Mobile capture etc…) Commercial Clients’ lifecycle – onboarding/account opening, and on‑going changes to client’s risk profile throughout their relationship with RBC CB. This is an prospect to work on high‑impact fraud transformation initiatives involving digital trust, behavioural analytics, authentication modernization, and cross‑channel fraud detection. You will balance fraud loss, client experience, operational cost, and risk appetite while serving as a trusted advisor on large‑scale transformation initiatives.

What will you do?

Lead the fraud strategy execution across commercial onboarding, deposits, cheque ecosystems, and client lifecycle activities.

Champion to develop/ optimize fraud controls related to onboarding abuse, shell entities, cheque fraud, deposit anomalies, and client misuse scenarios.

Analyze fraud events, onboarding trends, client behaviors, and operational metrics to identify emerging threats and optimisation opportunities.

Support fraud mitigation initiatives involving first‑party fraud, mule businesses, synthetic entities, and lifecycle abuse.

Partner with Commercial Channels Fraud and Payments Fraud teams to support integrated enterprise fraud intelligence and cross‑domain detection capabilities.

Support implementation of fraud technologies, telemetry integrations, analytics platforms, and control modernization initiatives.

Prepare fraud reporting, analytics, executive updates, and control performance insights.

Coordinate with onboarding, operations, trade, product, risk, fraud, cybersecurity, and technology teams on fraud mitigation initiatives.

Provide senior management with timely updates on fraud loss savings and risk performance.





Conduct data analysis to support business cases for technology or FTE investment.

Work collaboratively in cross‑functional squads to optimise the risk balance while managing prioritised backlogs.

Research and assess best‑in‑class fraud mitigation strategies and technologies.

Lead day‑to‑day engagement with fraud technology vendors and partners, supporting proof‑of‑concepts, capability assessments, implementation activities, and ongoing performance management.

Must-haves:

10+ years’ experience in fraud, cybersecurity or risk management, with at least 5 years in a fraud‑specific role; demonstrated success leading fraud modernization or enterprise‑scale implementations (not advisory)

Product or Operational experitise in cheques, onboarding/KYC, deposits, financial crimes, commercial banking risk, or operational risk environments.

Direct understanding of commercial banking payment flows and how unauthorised channel access enables payment fraud (ACH, wires, trade finance)

Direct experience with at least four commercial channels: internet banking, mobile banking, APIs, host‑to‑host connectivity, call centres, or branch servicing

Familiarity with commercial client administration models and fraud monitoring tools, analytics platforms, and real‑time decisioning systems

Proven track record managing multiple concurrent initiatives and delivering results within fast‑paced transformation environments.

Track record building fraud risk governance structures, defining KPIs, and establishing frameworks spanning operations, compliance, and technology

Executive‑level communication skills; advanced data analysis with proficiency in Excel (pivot tables, statistical functions) and PowerPoint for presenting findings to senior leadership

Demonstrated understanding of regulatory expectations for fraud risk management and how commercial fraud threats evolve with technology adoption





Ability to drive strategic initiatives to completion within 12–24 month timeframes across resistant stakeholder environments

Track record in managing medium to large size vendors specialising banking technologies

Nice‑to‑have:

Experience with behavioural analytics, authentication technologies, or fraud monitoring platforms

Knowledge of commercial payment ecosystems and payment fraud typologies

Knowledge of commercial banking payment rails and emerging payment ecosystems

Familiarity with fraud AI/ML models, graph analytics, or real‑time decisioning platforms

Red‑team exercises, fraud simulations, or cyber‑fraud fusion experience

Exposure to AI/ML fraud detection or fraud intelligence programmes

Professional certifications (CFE, CAMS, CISSP, or equivalent)

Project management or consulting experience

Vendor Management Experience

What’s in it for you?

A comprehensive Total Rewards Programme

Ability to make a difference and lasting impact

Opportunity to take on progressively greater accountabilities

A comprehensive Total Rewards Programme

Leaders who support your development

Job Skills
Cybersecurity, Fraud Management, Fraud Risk Management, Risk Management

Additional Job Details
Address: RBC WATERPARK PLACE, 88 QUEENS QUAY W: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: 2026-08-07

Application Deadline: 2026-08-21

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

Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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📌 Director, Commercial Deposits and Client (Lifecycle) Fraud Strategy (Ontario)
🏢 RBC
📍 Ontario