Fraud Analyst, Background screening

IFG International Financial Group Ltd; Ontario; Hybrid; CAD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Fraud Analyst to join their dynamic team in Toronto. This role focuses on investigating account activities to assess risks and determine fraud, all while ensuring customer account security. You will collaborate with various departments to address fraud incidents and contribute to compliance with regulatory guidelines. If you have a passion for fraud prevention and a knack for analytical reviews, this is an exciting opportunity to enhance operational efficiency and make a significant impact in the financial sector.

Qualifications

• 2-4 years of fraud investigation experience required.
• Proficient in MS Office applications and analytical reviews.

Responsibilities

• Monitor and analyze transactions to identify potential fraud patterns.
• Conduct investigations of suspected fraudulent activities and document findings.

Skills

Fraud Investigation

Analytical Reviews

Team Collaboration

Fraud Controls Understanding

Tools

MS Word

MS Excel

MS Outlook

Actimize

Oasis

SharePoint

Job description

Our client, a top banking client in Canada, is looking to hire a Fraud Analyst, Background Screening for their team with a contract of 6 months, which is renewable. This role requires working 1-2 days a week in the office for their Toronto location. You will be responsible for completing moderate to complex research and analysis of account activity to assess levels of risk and fraud type, making a fraud determination, completing all required investigative reports, and taking appropriate action to resolve fraud-related inquiries in a multi-faceted, fast-paced, and dynamic environment while ensuring the security of the customer's accounts.

Key Responsibilities:

• Monitor and Analyze Transactions: Regularly review and analyze account activity and transactions to identify patterns indicative of potential fraud, utilizing automated alert systems and manual evaluations.
• Investigative Reporting: Conduct thorough investigations of suspected fraudulent activities, document findings in detailed investigative reports, and communicate results to relevant stakeholders.
• Collaboration with Operations Teams: Work closely with various departmental teams, such as Risk Management and Customer Service, to ensure that all escalated fraud incidents are properly addressed and reported, including any situations that may require regulatory filings.
• Trend Identification and Reporting: Identify and analyze trends related to fraudulent activities and collaborate with business lines to develop strategies for mitigating risks and preventing future losses.
• Compliance and Process Adherence: Follow established processes, procedures, and regulatory guidelines during all investigative activities to ensure compliance with legal requirements and uphold the integrity of the bank's operations.
• Continuous Improvement: Stay informed about emerging fraud trends, new technologies, and regulatory changes, and contribute to process improvements within the fraud detection and prevention framework to enhance operational efficiency.

Must Have Skills:

• 2-4 years of fraud investigation experience.
• Proficient in MS Word, Excel, and Outlook.
• Proficient with analytical reviews.
• General understanding of fraud controls.
• Experience within a team environment.

Nice to Have Skills:

• Check fraud experience (strongly preferred).
• Recovery experience.
• Actimize or Oasis experience.
• SharePoint experience.

If you are qualified and interested in discussing this role in more detail, please submit your resume to [e-mail]