BMO · 1 day ago
Senior Manager, Deposit Fraud Strategy
Chicago, IL, USA
Full-time
Hybrid
Mid, Senior Level
$102K/yr - $190K/yr
7+ years expBMO Bank N.A. is seeking a Senior Manager for Deposit Fraud Strategy to lead fraud-related initiatives within their deposit products. The role involves managing fraud parameters, defining strategic roadmaps for fraud mitigation, and collaborating with various enterprise partners to enhance product performance and customer experience.
BankingCrowdfundingFinanceFinancial Services
Responsibilities
Own and manage fraud‑related parameters for deposit products (transfer limits, payment limits, hold periods) throughout the product lifecycle
Define and implement business cases and strategic roadmaps for fraud mitigation within Deposits, including project and budget approvals
Monitor product performance and risk metrics, identify issues, and implement solutions to optimize financial performance and customer experience
Manage product risks in compliance with legal, regulatory, and risk frameworks; set risk parameters and tolerance for losses
Collaborate across enterprise partners (EFM, Risk, Operations, Digital) to take product-impacting fraud‑related changes to market
Lead semi‑annual/annual reviews of fraud controls (limits, holds); document rationale and secure approvals
Analyze deposit fraud losses; identify root causes and recommend product/process mitigations
Own Identity Verification (IDV) and QualiFile strategies; manage cutoffs, monitor performance, and ensure compliance with model risk standards
Review all customer‑impacting fraud policies; recommend changes to reduce friction while maintaining control strength
Drive delivery of fraud‑related product initiatives across ownership boundaries; lead change management programs
Qualification
Required
Typically 7+ years in Product Management, Deposits, or Fraud/Risk Strategy with a post‑secondary degree in Business or related field
In‑depth knowledge of deposit product fundamentals, risk management, and regulatory requirements
Strong experience building business cases, researching market trends, and managing product lifecycle
Advanced analytics and reporting; ability to define requirements and interpret insights
Verbal & written communication – Expert
Collaboration & influence – Expert
Able to manage ambiguity - Expert
Data‑driven decision making – Expert
Preferred
Hands‑on experience with deposit fraud patterns and controls (e.g., check kiting, account takeover)
Familiarity with IDV solutions and decisioning models (QualiFile or similar)
Understanding of model risk governance and compliance standards
Proficiency in analytics tools (SQL, BI platforms)
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO
We’re a bank, but there’s more to it than that. When you join BMO, it opens a world of opportunities.
10001+ employees
H1B Sponsorship
BMO 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 (7)
2024 (2)
2023 (6)
2022 (4)
2021 (2)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$7.54B2025-10-23Post Ipo Debt· $142.91M
2025-02-26Post Ipo Debt· $871.76M
2024-07-09Post Ipo Debt· $750M
Leadership Team
David Casper
U.S. Chief Executive Officer
Azam Dawood
Head Of Sourcing
Recent News
MarketScreener
2026-01-06
2025-12-24
2025-12-18
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