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Fraud Risk Manager Jobs in Ontario (NOW HIRING)

Experienced in collaborating with engineers and product managers to successfully deploy fraud prevention solutions that balance growth with risk control. * Act as a liaison between the company and ...

Maintain and create documentation of risk-management frameworks, controls, systems, models, and ... Support the Fraud Management & Corporate Security team leadership on: * the development of ...

As a Fraud Prevention Analyst you will play a crucial role in ensuring Tipalti mitigates and proactively manages any risk related to Fraud. Your responsibilities are to monitor Tipalti accounts ...

Fraud Specialist

Ottawa, ON · On-site

CA$50K - CA$55K/yr

This is a existing position Scope of Position Under the direction of the Manager, Fraud, the Fraud ... mitigate risk and fraud. * Make time sensitive decisions relating to account restrictions ...

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Fraud Risk Manager information

See Ontario salary details

$13

$45

$82

How much do fraud risk manager jobs pay per hour?

As of Jun 22, 2026, the average hourly pay for fraud risk manager in Ontario is $45.01, according to ZipRecruiter salary data. Most workers in this role earn between $25.72 and $59.38 per hour, depending on experience, location, and employer.

What is the highest salary for a Risk Manager?

The highest salaries for Fraud Risk Managers can exceed $130,000 annually, especially for those with extensive experience, advanced certifications, or working in high-cost regions. Senior risk managers or those in leadership roles may earn even higher compensation, including bonuses and incentives.

Is fraud risk a good career?

A career as a Fraud Risk Manager involves identifying and preventing financial crimes, requiring skills in data analysis, investigation, and knowledge of compliance standards. It is a growing field with opportunities across various industries, often requiring certifications such as Certified Fraud Examiner (CFE). The role offers stability and advancement potential for those with strong analytical and problem-solving abilities.

How does a Fraud Risk Manager typically collaborate with other departments to mitigate risks?

Fraud Risk Managers work closely with multiple departments such as compliance, IT, internal audit, and customer service to identify, assess, and address potential fraud risks. They frequently coordinate with data analysts to monitor transactions for suspicious activity and partner with legal teams to ensure regulatory compliance. Regular cross-functional meetings and training sessions are common, allowing them to share insights, update protocols, and respond quickly to emerging threats. Effective communication and teamwork are essential, as fraud prevention is a collaborative effort across the organization.

What are the key skills and qualifications needed to thrive as a Fraud Risk Manager, and why are they important?

To excel as a Fraud Risk Manager, you need expertise in fraud detection, risk assessment, and knowledge of financial regulations, often supported by a degree in finance, accounting, or a related field. Familiarity with data analytics tools, fraud management platforms, and certifications like CFE (Certified Fraud Examiner) are highly valuable. Strong analytical thinking, problem-solving, and effective communication skills help you collaborate across departments and respond swiftly to emerging threats. These skills and qualifications are vital for proactively identifying, mitigating, and preventing fraudulent activities that could harm an organization’s reputation and finances.

What is the difference between Fraud Risk Manager vs Fraud Analyst?

AspectFraud Risk ManagerFraud Analyst
CredentialsCertifications like CFE, CRCM; Bachelor's degree in finance, accounting, or related fieldSimilar certifications; Bachelor's degree often required
Work EnvironmentOversees fraud prevention strategies, manages teams, develops policiesConducts investigations, analyzes data, detects fraud patterns
Industry UsageUsed in banking, finance, insurance, and retail sectorsCommonly employed in similar industries for fraud detection

The Fraud Risk Manager focuses on developing and overseeing fraud prevention strategies, managing teams, and implementing policies. In contrast, the Fraud Analyst primarily conducts investigations, analyzes data, and detects fraudulent activities. Both roles require similar credentials and are vital in fraud prevention within financial and retail sectors, but they differ in scope and responsibilities.

What does a fraud Risk Manager do?

A Fraud Risk Manager is responsible for identifying, assessing, and mitigating potential fraud risks within an organization. They develop and implement fraud prevention strategies, monitor transactions for suspicious activity, and ensure compliance with relevant regulations, often using data analysis tools and risk assessment techniques. This role requires strong analytical skills and knowledge of fraud detection methods.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills in financial or corporate environments.
What cities in Ontario are hiring for Fraud Risk Manager jobs? Cities in Ontario with the most Fraud Risk Manager job openings:
Senior Manager, Global CIAM Fraud Strategy & Solutions

Senior Manager, Global CIAM Fraud Strategy & Solutions

Scotiabank

Toronto, ON • On-site

Other

PTO

Posted 7 days ago


Job description

Requisition ID: 257905 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

In the role of Senior Manager, Global CIAM Fraud Strategy & Solutions you are a Customer Identity and Access Management (CIAM) subject matter expert that provides ongoing guidance to control owners to improve fraud and client experience outcomes and help Keep the Bank Safe. You are accountable for CIAM capabilities and strategies owned by Fraud and support CIAM related projects and initiatives globally representing Global Fraud Management. You will work with Fraud, Business and Technology Partners across all business lines, channels and products globally to ensure business strategies, plans and initiatives are executed in a manner that will prevent Fraud attacks, minimize fraud risk exposure and downstream impacts to Clients, Business Teams and Operations. 

Is this role right for you? In this role you will:

  • Defines Global CIAM Fraud standards and requirements for client onboarding and authentication
  • Provides guidance and supports development of strategy in partnership with Business Partners and control owners to prioritize and onboard new solutions, controls and processes to strengthen client onboarding and authentication journeys globally and minimize fraud risk and fraud related risk factors
  • Responsible and supports the design and development of the Bank's Global CIAM Fraud Strategy & Solutions assessment process to identify and detect risk attributed to strength/weakness and overall effectiveness of solutions and controls at client onboarding and authentication
  • Assesses efficacy of CIAM solutions and Fraud controls across all channels globally using approaches including Attack Surface Mapping and use of interactive dashboards and control reporting tools to identify vulnerabilities and supports efforts to quantify fraud impact to clients and organization
  • Maintains deep understanding and knowledge of onboarding and authentication solutions and controls internal to the organization, at peer Banks and in markets where the Bank operates globally including emerging technology and solutions to meet future fraud risks and threats
  • Works with Procurement and supports activities as required for RFPs to minimize time to market for fraud reducing onboarding and authentication tools and strategies that reduce risk and support a positive client experience
  • Establishes close working relationships with Partner teams globally (Business and Engineering) to advance Global Fraud Management and Global CIAM Fraud Strategy & Solutions priorities, projects and strategies

                                                     

Do you have the skills that will enable you to succeed in this role?  We'd love to work with you if you have:   

  • Strong knowledge and experience in Fraud and CIAM is required
  • Knowledge and/or experience with Cybersecurity is an asset
  • 5+ years banking experience is preferred with experience in the Client Onboarding and Authentication domain
  • Working knowledge of the Bank's products (including payments and cards), risk areas as well as a basic understanding of Finance is an asset
  • Experience in a global Financial Institution or large scale global is an asset
  • Strong presentation and communication skills (oral and written)
  • Spanish Fluency is preferred
  • Bachelor's degree required; MBA (or equivalent) is an asset
  • Knowledge of transformation / project management methodologies and tools
  • Expert knowledge of MS applications (Work, Excel, Project, PowerPoint & Power BI)

 

What's in it for you?

  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

Location(s):  Canada : Ontario : Toronto 
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.