Risk Analyst

Socket.dev; Sault Ste. Marie; On-site; CAD 51,000 - 64,000; Full time

Benefits offered by this job

Comprehensive benefits package

Pension plan

Annual variable compensation

Professional development and learning

Volunteer program

Job summary

Northern Credit Union is seeking a Risk Analyst to join the Operational Risk team to support fraud and risk management programs, safeguard assets and promote a risk-aware culture.

The role involves monitoring fraud detection systems, investigating activity, analyzing patterns, refining rules and scoring, and contributing to risk reporting and internal control improvements across the organization.

Qualifications

• Post secondary education in accounting, audit or business-related discipline.
• 3-5 years’ experience in risk management, internal audit.
• Strong organizational and communication skills.
• Analytical mindset with attention to detail and problem‑solving ability.
• Fraud, internal controls and risk understanding in financial industry is an asset.

Responsibilities

• Monitor fraud detection systems and investigate suspicious activity.
• Analyze transaction patterns and enhance fraud rules and scoring models.
• Conduct root-cause analysis and recommend internal control improvements.
• Support business resilience, insurance and risk-based reviews.

Skills

Risk management

Organizational skills

Communication skills

Analytical mindset

Fraud awareness

Education

Accounting, Audit or Business-related discipline

Job description

Northern Credit Union is a full-service, locally operated financial institution offering personal and commercial banking services along with financial planning expertise to members across our footprint. Northern is committed to making a difference in members lives by providing them tools to achieve their financial goals. As a key player in the financial services marketplace of Northern Ontario, we are excited to announce that we are currently seeking a Risk Analyst.

As a key member of the Operational Risk team, the Risk Analyst supports the development, implementation, and continuous improvement of the Credit Union’s fraud and operational risk management programs. The role helps safeguard the Credit Union’s assets and members by supporting proactive fraud prevention, detection, investigation, recovery, and risk mitigation activities in alignment with established policies, risk appetite, and regulatory standards.

The Risk Analyst monitors fraud detection systems, investigates suspicious activity, analyzes complex transaction patterns, and identifies opportunities to enhance fraud rules and scoring models while reducing false positives. The role conducts root-cause analysis, recommends internal control improvements, documents investigative findings, and prepares fraud trend and risk reporting. The Analyst also supports the administration of business resilience, insurance, and other operational risk programs, as well as the planning and execution of quality assurance and risk-based reviews.

Working collaboratively across business units and with external partners, the Risk Analyst provides timely risk management support and helps foster a strong risk-aware culture. The role also promotes fraud awareness by educating members and employees on fraud risks, prevention practices, and effective controls, contributing to the protection of members and a positive member experience.

Preferred candidates will possess the following qualifications:

• Post secondary education in accounting, audit or business-related discipline 3-5 years’ experience in risk management, internal audit
• Strong organizational and communication skills.
• Analytical mindset with attention to detail, strong critical thinking and problem‑solving ability
• An understanding of fraud, internal controls and risk in the financial industry would be considered an asset.

Employee Perks & Benefits:

We offer a comprehensive total rewards package designed to support our employees’ well‑being, growth, and connection to the community, including:

• Comprehensive benefits package
• Pension plan
• Annual variable compensation program tied to individual and company performance
• Exclusive staff rates on a variety of products and services
• Professional development and learning opportunities
• Opportunities to give back through our Do Some Good Employee Volunteer Program
• Employee Win/Win Program supporting local charitable organizations

Salary Range: $50,800.00 to $63,500.00

Deadline for Applications: September 29, 2026

We thank all applicants - however only those selected for an interview will be contacted.

Northern Credit Union is an equal opportunity employer and committed to providing an accessible recruitment process for all candidates. We welcome and encourage applications from people with disabilities. Accommodation is available on request for candidates taking part in all aspects of the selection process. If you require accommodations at any stage of the application or interview process, please contact the Human Resources Department.