Job Description What is the opportunity? As a Senior Data Scientist, Fraud Detection & Optimization, you will be responsible for the development and execution of commercial payment fraud detection strategies using advanced analytical methodologies and techniques. These fraud detection strategies will be applied with the goal of reducing RBC’s Fraud Risk and losses, while maintaining a positive client experience and controlling operating costs. You will innovate and implement novel methodologies to improve detection and efficiency across the team, further automating and streamlining processes. You will contribute to and support a variety of projects and initiatives across Fraud Management and collaborate with multiple stakeholders at varying levels of seniority. What will you do? Implement advanced analytical methodologies and proactively identify opportunities to innovate new techniques for fraud detection strategy creation and process and technology improvements Collaborate with Data Science & Innovation on machine learning and artificial intelligence projects that impact fraud detection, document methodology and standardize process to ensure repeatability Develop, maintain and optimize fraud detection strategies for non-traditional channels & products, and explore multiple data sources to proactively identify emerging fraud trends and patterns Leverage reporting to monitor the performance of existing fraud detection strategies, optimize these strategies and use analytical tools to improve detection strategies, enhancing the tools & techniques Prioritize fraud detection alerts across detection platforms, verify that all rule deployments are accurate and ensure a balance between fraud losses, client experience and operational costs Contribute to Fraud Management projects and initiatives, provide detection recommendations and implement detection strategies by project deadlines Develop Fraud Detection analytics best practices, contribute to the development and implementation of the rule strategy framework and create programming code standards for fraud detection Collaborate across the team to ensure best practices are applied, act as a technical resource for other team members and respond to inquiries regarding fraud data and detection strategies What do you need to succeed? Must-have 3+ years’ experience in analytics or data science related roles, working with large, real-world datasets Strong practical knowledge of, and proven experience with, analytical software packages and various programming languages (eg: R, SQL, Python etc.) Strong critical thinking and analytical skills with the ability to solve complex problems and develop data-driven solutions Exceptional communication and presentation skills, including the ability to effectively communicate analytical recommendations to technical and non-technical audiences Thought leadership capability to lead complex initiatives and discussions driven by analytical and business insights Ability to see the big picture and guide groups with strategic thinking Excellent time management skills and demonstrated ability to prioritize workload effectively Degree in mathematics, statistics, computer science or related quantitative discipline Nice-to-have Experience with Hadoop, Hive, Spark, Scala or other big-data platform technology/tools Knowledge of Canadian banking and payment industry payments transaction data and financial fraud 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. Continued career advancement opportunities Exposure to strong mentorship and leadership examples A comprehensive Total Rewards Program including bonuses and flexible benefits Ability to make a difference and lasting impact Work in a dynamic, collaborative, and high-performing team Job Skills Critical Thinking, Data Administration, Data Mining, Data Modeling, Data Movement, Detail-Oriented, Group Problem Solving, Quantitative Research, Research Documents Additional Job Details Address: YORK MILLS CENTRE, 36 YORK MILLS RD: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: 2026-07-06 Application Deadline: 2026-07-24 Note: 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. Join our Talent Community Stay 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 jobs.rbc.com. RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎ We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.