Senior Data Scientist, Fraud Data Science and Innovation

Job title:

Senior Data Scientist, Fraud Data Science and Innovation

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat’s the opportunity?You will apply machine learning, artificial intelligence and advanced analytical methodologies to support Fraud Management’s key priorities, including developing predictive models for improving fraud detection capabilities, optimizing existing productivity tools, creating automated workflows to replace manual processes, designing forward thinking and innovative solutions to complex problems, etc. You will represent the Data Science & Innovation team as a Subject Matter Expert (SME) on projects and initiatives across Fraud Management (FM) and collaborate with multiple stakeholders at varying levels of seniority. You will also assist in developing best practices for analytical processes and training junior team members.What will you do?

• Develop machine learning (ML) models for real-time fraud detection and explore opportunities for applying ML solutions to other challenges within FM, while following all the standards set for model development
• Contribute to developing ML strategy for FM, collaborate with peers to integrate the model into the detection ecosystem and monitor, evaluate and optimize tools and technologies developed to improve FM efficiency
• Collaborate with Detection Analytics partners to incorporate feedback and ensure any changes resulting in an impact to the detection ecosystem are communicated
• Identify opportunities and develop automated pipelines to replace or enhance existing processes, utilizing the full suite of available technology and tools to build the most effective solution
• Provide thought leadership to support FM’s key priorities where there is a dependence on data analytics or machine learning and deliver on all initiatives that support strategic imperatives in line with project timelines
• Develop predictive data models, quantitative analyses and visualization of targeted, big data sources and oversee acquisition of data while ensuring data quality and comprehensiveness
• Lead data exploration and analytic projects, provide on-going coaching of big data topics and explore semantic data capabilities through NLP, text mining and machine learning techniques

What you need to succeedMust have:

• 2+ years’ experience in Machine Learning, data mining and statistics
• Ability to perform complex data analysis on large volumes of data and present findings to stakeholders
• Knowledge of Canadian banking and payment industry, payments transaction data and financial fraud
• Strong practical knowledge of, and proven experience with, analytical software packages and various programming languages (Python, SQL, etc.)
• Working knowledge of Big Data Framework (Hadoop, Spark, etc.)
• Exceptional communication and presentation skills, including ability to effectively communicate analytical
• recommendations to both technical and non-technical audiences
• Excellent time management skills and demonstrated ability to prioritize workload and manage multiple projects simultaneously
• Degree in a quantitative discipline and strong problem solving, research and quantitative skills

Nice to have:

• Post-graduate degree in a quantitative discipline
• Experience with Docker and Kubernetes
• Prior experience in fraud detection or data analytics

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 Actuarial Modeling, Big Data Management, Commercial Acumen, Data Mining, Data Science, Decision Making, Machine Learning, Natural Language Processing (NLP), Predictive Analytics, Python (Programming Language)Additional Job DetailsAddress: YORK MILLS CENTRE, 36 YORK MILLS RD:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: PERSONAL & COMMERCIAL BANKINGJob Type: RegularPay Type: SalariedPosted Date: 2025-03-13Application Deadline: 2025-03-28Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Sat, 15 Mar 2025 03:43:15 GMT

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