Fraud Analyst, Background screening

IFG International Financial Group Ltd; South Frontenac; On-site; CAD 60,000 - 80,000; Full time

Job summary

A top banking client in Canada is seeking a Fraud Analyst for a 6-month renewable contract. The role involves analyzing transactions for potential fraud, conducting investigations, and ensuring compliance with regulations. Candidates should have 2-4 years of fraud investigation experience and be proficient in analytical reviews and MS Office tools.

Qualifications

• 2-4 years of fraud investigation experience required.
• Proficient in MS Word, Excel & Outlook.
• Strong analytical skills and general understanding of fraud controls.

Responsibilities

• Monitor and analyze account activity to identify potential fraud.
• Conduct thorough investigations of suspected fraudulent activities.
• Collaborate with operations teams to address escalated fraud incidents.

Skills

Fraud Investigation

Analytical Reviews

Team Collaboration

Tools

MS Word

Excel

Outlook

Actimize

Oasis

SharePoint

Job description

Our client, a top banking client in Canada is looking to hire a Fraud Analyst, Background screening role for their team with a contract of 6 months which is renewable. This role 1-2 days a week in the office for their Toronto office. 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 & Outlook
• Proficient with analytical reviews

• Assist in identifying and reporting suspicious activity trends to the Lines of Business in order to mitigate future Bank or client losses.
• Review and monitor account activity for potential fraud.
• Monitor alert-based systems for potentially fraudulent activity.

• General understanding of fraud controls.
• Experience within a team environment

Nice to have skills:

• Check fraud experience *Strong Nice to have
• 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]