Product Owner, Enterprise Fraud

Posted Yesterday
Be an Early Applicant
8 Locations
Remote or Hybrid
88K-138K Annually
Senior level
Insurance • Financial Services
The Role
Leads development and management of enterprise insurance fraud detection products, including fraud models, rules, AI-driven solutions, product backlog, user story prioritization, sprint and release planning, and product delivery. Collaborates with analytics, technology, underwriting, business intelligence, and software teams while ensuring regulatory and data protection compliance. Influences stakeholders, communicates complex concepts, supports fraud leadership, and drives products from discovery through implementation.
Summary Generated by Built In

Enterprise Fraud is looking to hire a Product Owner to lead the development and management of innovative fraud detection solutions. You will be part of this exciting team collaborating with multiple stakeholders, Underwriting, Advance Analytics, Technology Solutions and Business Intelligence. You will play a critical role in helping drive innovative fraud prevention strategies and position Definity Insurance as a leader amongst our competitors and customers.

What to Expect 

  • Develop and implement sophisticated fraud detection models and rules that enable monitoring and analysis of suspicious activities across insurance products and services.
  • Collaborate with data scientists, software developers, and other stakeholders to enhance existing insurance fraud prevention software and develop new AI-driven solutions.
  • Stay up-to-date with the latest advancements in fraud detection technologies, coding languages, and AI algorithms specific to the insurance industry, and proactively recommend innovative approaches to mitigate emerging fraud risks.
  • Ensure compliance with industry regulations, company policies, and data protection standards in all insurance fraud detection and prevention activities.
  • Drive sprint and release plans together with the Enterprise Fraud and analytics team, and own the Product backlog
  • Drive user story prioritization based on business value and customer needs
  • Interpret internal/external business challenges and the industry environment to recommend course of action and best practices to improve products, processes, or services
  • Exercise strong decision making, owning product from discovery through market implementation and beyond
  • Communicate difficult concepts; convert information into compelling business context and advice to influence and gain alignment among increasingly senior stakeholders
  • Promote the product during key moments (e.g., internal events,) and supports enterprise fraud leadership 
  • Embody a non-hierarchical culture of collaboration, transparency, safety, and trust in the squad

What You Bring

  • Bachelor's degree in a related field 
  • Experience in the Property and Casualty Insurance industry, its related practices, and processes specifically Fraud prevention / investigation
  • Experience in product development support based on expertise in Agile/Scrum processes, roles, and practices
  • Knowledge of project management and agile lifecycle management tools (e.g., JIRA, Confluence, MS project)
  • Ability to drive the 'big picture' strategies while keeping an eye on details
  • Strong written and verbal communication skills
  • Ability to influence and effectively negotiate with stakeholders; strong facilitation and conflict resolution skills
  • Creative, innovative, and critical thinker with a genuine excitement for solving problems within the business

Nice to have:

  • Previous Full cycle project leadership experience with direct accountability for executing projects in large and complex environments
  • 5 years of project management with 3 years as a Product Owner
  • Certified Scrum Product Owner Designation an asset
  • Project Management or Agile Certification an asset
     

Salary range is $88,000 - $138,000

About Us

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.

This position is being posted to fill an existing vacancy.

Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success. 

What’s in it for you?

  • Hybrid work schedule for most roles
  • Company share ownership program
  • Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
  • Pension and savings programs, with company-matched RRSP contributions
  • Paid volunteer days and company matching on charitable donations
  • Educational resources, tuition assistance, and paid time off to study for exams
  • Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents 
  • Wellness and recognition programs 
  • Discounts on products and services

Go ahead and expect a lot — you deserve it.

It’s better here — but don’t take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].

As part of Definity’s commitment to reconciliation, we acknowledge that our work, meetings, and travel take place on the lands now known as Canada, and recognize the enduring presence, wisdom, and stewardship of the First Nations, Métis, and Inuit peoples who have long cared for these lands.

Background checks

This role requires successful clearance of background checks (including criminal checks and leadership references).

#LI-Hybrid

About the Team
Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering. 

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here. 

Skills Required

  • Bachelor's degree in a related field
  • Experience in the property and casualty insurance industry
  • Experience with insurance fraud prevention or investigation
  • Experience supporting product development using Agile and Scrum processes, roles, and practices
  • Knowledge of project management and Agile lifecycle management tools, such as JIRA, Confluence, or Microsoft Project
  • Ability to develop big-picture strategies while maintaining attention to detail
  • Strong written and verbal communication skills
  • Ability to influence and negotiate effectively with stakeholders
  • Strong facilitation and conflict resolution skills
  • Creative, innovative, and critical thinking skills
  • Previous full-cycle project leadership experience with direct accountability in large and complex environments
  • Five years of project management experience, including three years as a Product Owner
  • Certified Scrum Product Owner designation
  • Project Management or Agile certification
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The Company
HQ: Waterloo, ON
4,356 Employees

What We Do

Definity Financial Corporation is the parent company to some of Canada’s most long-standing and innovative property and casualty insurance brands and companies, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. We focus on making insurance better for our customers, our employees, our broker partners, and our communities. Our promise to employees is to provide a workplace that’s collaborative, ambitious, rewarding, and empowering. Our inclusive environment provides the space to innovate with colleagues and implement even better ways of doing things. We invest in our employees’ growth and development and help them thrive. With our flexible, hybrid work arrangements, total rewards packages, company share ownership program, and emphasis on work-life balance, it’s better here. If you’re looking for a career where your perspective and expertise are valued, you’ll find it here at Definity.

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