City National Bank · 10 hours ago
Fraud Product Lead
Newark, DE
Full-time
Onsite
Senior Level, Lead/Staff
$111K/yr - $190K/yr
8+ years expCity National Bank is a subsidiary of Royal Bank of Canada, focused on providing exceptional client relationships and community support. They are seeking a Fraud Product Lead to oversee enterprise-level fraud risk management, develop strategies, and implement solutions to combat fraud effectively.
BankingFinanceFinancial Services
Responsibilities
Develop, implement, and manage first line fraud product strategy and practice to ensure comprehensive coverage of internal and external fraud. Ensure adequacy of coverage for end-to-end processes that span multiple businesses
Understand upcoming threats and formulate fraud risk strategies and design and develop solution in partnership with technology organization to mitigate the risk
Actively engage assigned units, subsidiary and affiliates to ensure that the fraud risk practice is balanced, comprehensive and a transparent reflection of CNB compared to risk appetite
Work directly with the leadership team to embed an understanding of the fraud risk profile and risk appetite into strategic decision making; challenge decision making that contradicts profile and risk appetite
Requirement Gathering and Analysis: Collaborate with stakeholders, including fraud analysists, risk managers and technology teams to gather requirements for fraud detection and prevention systems. Analyze and prioritize requirements based on business impact and feasibility
Translate requirements into detailed specifications and design fraud prevention and detection solutions. Create a roadmap for system enhancements and new features considering both short term goals and long term vision
Design the solution and build requirement for tool to support the reporting of fraud risk profiles, analysis and exposures to the Executives, Senior Management and RBC on a regular basis. Reporting should include existing and emerging areas of risk, implications for operational risk appetite, and the ability of the risk management and control infrastructure to support business activities
Quality Assurance and Testing: Collaborate with the quality assurance teams to define test plans and ensure the effectiveness of fraud detection algorithms and systems. Conduct user acceptance testing to validate the functionality and performance of the developed solutions
Identify requirements for deep dive, initiate or lead deep dive assessments in the bank, as required
Participate in committees or associated governance/review activities on key business initiatives ensuring that existing and emerging fraud risks for new products, processes and transformational initiatives are identified
Qualification
Required
Bachelor's Degree or equivalent
Minimum 8 years in a combination of fraud risk management and designing fraud strategy to mitigate the risk
Minimum 6 years banking/financial services and/or technology industry experience
Minimum 5 years of experience in designing the fraud prevention products with Financial institutes or tech industry
Preferred
Expert knowledge of Fraud Risk Management frameworks, policies and practices
Strong leadership skills
Proven business knowledge within the assigned Platform
Strategic mindset, with excellent knowledge and understanding of banking/financial services
Highly developed ability for conceptual thinking
Excellent communication and presentation skills
Well developed impact and influence skills
Proven track record of building strong relationships across business functions
Law enforcement or investigative background
Experience in cybercrimes, financial fraud investigations, trading or sales fraud investigations
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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