Fraud Analyst

Foresters Financial; Toronto; Hybrid; CAD 50,000 - 70,000; Full time

Job summary

A financial services organization in Toronto is seeking a Fraud Analyst to support the management of SIU activities. The role involves triaging referrals for investigations, analyzing data to track fraud trends, and producing reports. Ideal candidates will have a degree in a relevant field, 2-3 years of experience in fraud analysis, and strong analytical skills. This hybrid position requires two days per week in the office, offering a salary range of $50,000 to $70,000, depending on experience.

Qualifications

• 2 – 3 years of fraud related work or data analytics experience.
• Life insurance knowledge is preferred.
• CFE, CAMS, CFI certification is an asset.

Responsibilities

• Triage the SIU inbox, identifying referrals for investigations.
• Analyze data to track fraud trends and suspicious activities.
• Produce ad hoc reports and regular reporting of SIU activities.

Skills

Analytical skills

Data mining

Interpersonal skills

Communication skills

Problem-solving

Time management

Education

Degree in Criminology, Business, Math or related discipline

Job description

Career Opportunity

Role Title

Fraud Analyst

Purpose of role

Reporting to the Team Leader, SIU, this position is responsible for supporting the management of SIU activities for Foresters Financial. This role will be responsible for triaging referrals to the SIU and for analyzing and synthesizing data from various sources to identify possible instances of fraud and associated patterns/trends. The position will also identify and communicate trends via ad hoc reporting and regular monthly/quarterly reporting of SIU activities. In addition, this position will be responsible for production of information as requested by external third parties. This is a hybrid position requiring a minimum of two (2) days/week working from the office.

Key Responsibilities

• Triage the SIU inbox, identifying referrals that meet the criteria for opening an investigation, and assigning and logging the case to an Investigator
• Responsible for file set-up, including archiving all relevant documents
• Analyze and synthesize data from a variety of sources to track and monitor fraud trends or suspicious business activity to facilitate early detection
• Participate in the creation of ad hoc reports and written communication as well as regular monthly/quarterly reporting of SIU activities and trends/issues identified
• Coordinate the production of documents requested from regulatory bodies, law enforcement or outside counsel

Key Qualifications

• Degree in Criminology, Business, Math or related discipline
• 2 – 3 years of fraud related work or data analytics, preferably in a life insurance/financial services organization. Life insurance knowledge is preferred
• Strong analytical and technical data mining skills
• Excellent organizational and interpersonal skills, displaying a high degree of independence and initiative
• Life insurance/ annuity product knowledge an asset
• Effective verbal and written communication skills
• Demonstrated strong problem solving and analytical skills
• Time management and ability to prioritize as required
• CFE, CAMS, CFI

# LI-Hybrid

Salary Range

$50,000.00 - $70,000.00

The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.

Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [e-mail] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.