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Fraud Risk Manager Jobs in Toronto, ON (NOW HIRING)

Lyft

Fraud & Risk Analyst

Toronto, ON · On-site

... risk. The Senior Analyst will take ownership over multiple discrete fraud segments to develop and ... This person will work closely with Product Managers, Data Scientists and Engineers to mitigate and ...

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Fraud Risk Manager information

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$42

$78

How much do fraud risk manager jobs pay per hour?

As of Sep 13, 2026, the average hourly pay for fraud risk manager in Toronto, ON is $42.96, according to ZipRecruiter salary data. Most workers in this role earn between $24.55 and $56.66 per hour, depending on experience, location, and employer.

What does a fraud risk manager do?

A Fraud Risk Manager is responsible for identifying, assessing, and mitigating the risk of fraud within an organization. They develop and implement policies, procedures, and controls to prevent and detect fraudulent activities. Their work often involves analyzing data for suspicious patterns, investigating incidents of fraud, and providing training to staff on fraud prevention. Ultimately, they help safeguard the organization's assets and reputation by minimizing the impact of fraudulent activities.

What are the key skills and qualifications needed to thrive as a fraud risk manager?

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.

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 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.

How much do fraud risk managers make in the US?

Fraud risk managers in the US typically earn between $80,000 and $130,000 annually, with median salaries around $100,000. Compensation varies based on experience, industry, and location, and professionals often hold certifications like Certified Fraud Examiner (CFE).

What cities near Toronto, ON are hiring for Fraud Risk Manager jobs?

Cities near Toronto, ON with the most Fraud Risk Manager job openings:

Fraud Risk Manager jobs near you
Infographic showing various Fraud Risk Manager job openings in Toronto, ON as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 4% Hybrid, and 15% Remote job distribution, with an average salary of $89,348 per year, or $43 per hour.

Senior Risk Manager, Insider, Fraud & Conduct Risk (4237)

Toronto, ON • On-site

Td
See more jobs at Tdexternal

CA$115K - CA$163K/yr

Full-time

Posted 14 days ago

Key responsibilities

  • Provide independent second-line oversight and challenge of Insider, Internal and External Fraud, and Conduct Risk activities across TD Securities.

  • Review and challenge risk assessments, control effectiveness, incidents, and investigations related to Insider Risk, Internal Fraud, External Fraud, and Conduct Risk.

  • Identify emerging risk themes, communicate insights to stakeholders, and support risk reporting and governance activities.

Job description

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

$115,600 - $163,200 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Job Summary

The Senior Risk Manager provides second-line oversight and effective challenge of Insider, Internal and External Fraud, and Conduct Risk across TD Securities. The role applies strong risk management expertise and an understanding of Capital Markets products to assess these risks across end-to-end processes, products and supporting infrastructure. It also provides second-line review and challenge of E2E RCSAs and broader ORM program activities, including risk assessments, governance, thematic analysis, reporting and escalation.

Key Responsibilities

  • Provide independent 2A oversight and effective challenge of Insider Risk, Internal Fraud, External Fraud, and Conduct Risk identification, assessment, control design, and control effectiveness across TD Securities.

  • Challenge end-to-end assessments across Insider Risk, Internal Fraud, External Fraud, and Conduct Risk, including inherent and residual risk ratings, control sufficiency, root cause analysis, and remediation plans.

  • Monitor and challenge risk metrics, KRIs, issues, events, and risk appetite measures across the mandate; escalate breaches, emerging risks, and material issues to senior management and governance committees.

  • Review and challenge incidents, events, and investigations related to Insider Risk, Internal Fraud, External Fraud, and Conduct Risk, including detection quality, containment actions, root cause, and remediation effectiveness.

  • Identify systemic and emerging risk themes through analysis of incidents, fraud events, conduct matters, control gaps, and monitoring results, and communicate insights to stakeholders.

  • Provide independent challenge on issues related to Insider Risk, Internal Fraud, External Fraud, and Conduct Risk, ensuring appropriate severity ratings, robust action plans, and timely closure in accordance with the Issue Management Framework.

  • Review Insider Risk, Internal Fraud, External Fraud, and Conduct Risk impacts as part of Change Risk Assessments, challenging inherent risk assessments and proposed controls.

  • Serve as a trusted subject-matter expert and advisor to Segment leaders, 1A/1B partners, and oversight functions across Insider Risk, Internal Fraud, External Fraud, and Conduct Risk.

  • Interpret and translate enterprise policies, standards, and regulatory expectations into actionable Segment requirements.

  • Prepare clear, concise, and compelling risk reporting and commentary for Segment and enterprise governance forums.

  • Support enterprise initiatives, regulatory examinations, audits, and thematic reviews related to Insider Risk, Internal Fraud, External Fraud, and Conduct Risk.

  • Promote a strong conduct, fraud, insider risk, and operational risk culture through guidance, training, and awareness activities.

  • Assist with second-line review and effective challenge of E2E RCSAs, including process inventories, process maps, risk and control identification, risk ratings, and control effectiveness assessments.

  • Support program oversight by assessing Insider Risk and broader operational risk themes across TD Securities, including jurisdictional, business process and supporting infrastructure considerations.

  • Assist with portfolio risk reporting, deep dives, business walkthroughs, and the escalation and tracking of material control gaps, quality issues, and overdue deliverables.

Qualifications & Experience

  • Strong experience in Financial Services risk management or oversight, with an understanding of financial products, business processes and supporting infrastructure. Capital Markets or Wholesale Banking experience is an asset.
  • 10+ years of relevant Financial Services experience, including Operational Risk Management, Internal Audit, Compliance, Technology & Control, Fraud Risk, Conduct Risk, or related oversight functions.
  • Strong experience across Insider Risk, Internal Fraud, External Fraud, and/or Conduct Risk frameworks, controls, investigations, and governance.
  • Demonstrated ability to provide credible second-line challenge to complex Financial Services businesses and influence senior stakeholders without formal authority.
  • Strong analytical skills, including risk analysis, data analysis, and thematic assessments.
  • Understanding of regulatory and control requirements relevant to the role is an asset.
  • Bachelor's degree from a recognized university or equivalent experience required.

Additional Information

  • Completion of TD Operational Risk Management certification is required within 12 months of role start (if not already completed).
  • Professional certifications such as CFE, CISSP, CISM, CRISC, or similar are considered an asset.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.


Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.


Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet

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