Senior Detection Analyst (Contract)

Socket.dev; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

Scotiabank is seeking a Senior Fraud Detection Analyst in Ontario to prevent losses from fraudulent activity on payment cards and deposit accounts. You will analyze alerts, determine actions, and collaborate with branches and other financial institutions to safeguard customer assets.

The role requires bilingual English/French communication, ability to handle high workloads, and proficiency with standard PC tools. This is a 24/7 operation with training and onboarding in Scarborough.

Qualifications

• Customer service experience; demonstrated commitment to quality service
• Ability to confidently take on high workload and alert volume, while prioritizing and multitasking
• Working knowledge of basic PC applications (e.g. Microsoft Word, Microsoft Excel, Lotus Notes)
• Fluency in both English and French language skills (reading, writing, and spoken) is an asset
• Previous Retail Banking and / or Advice/Call Centre experience is an asset
• Post-secondary education in business or other related disciplines is in an asset

Responsibilities

• Detect and prevent fraudulent activity across cards, online transfers and deposits.
• Analyze alerts and determine actions: block, limit reduction, hold, or contact the cardholder/branch.
• Engage with branches and other financial institutions to determine legitimacy of activity.
• Monitor alerts and queues to ensure timely action per SLA.
• Identify patterns and trends to evolve controls with business lines.

Skills

Bilingual EN/FR

Active listening

Customer service

Analytical thinking

Communication skills

Multitasking

Decision making

Attention to detail

Windows applications

Education

Post-secondary education in business or related field

Tools

Microsoft Word

Microsoft Excel

Lotus Notes

Job description

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

The Senior Fraud Detection Analyst is responsible for preventing and minimizing losses to the Bank resulting from fraudulent activity on Payment cards and deposit accounts. This is achieved by working alerts generated by fraud monitoring systems and/or batch reports, analyzing activity/trends, reviewing previous activity and contacting customers, Branches and other FI’s to determine if the account has been compromised and if proactive measures are necessary to block the account from further use.

Is this role right for you? In this role, you will:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Detect and prevent fraudulent activity with respect to the Bank’s credit cards, debit cards, ScotiaOnline, Email Money Transfers, Western Union, and deposit fraud by:
• Analyzing alerts generated by various fraud detection tools and assessing the probability that fraud is occurring.
• Making a decision, based on the analysis completed, to block the account, reduce the limit on the card, place a hold on the account or contact the cardholder and/or branch to discuss the activity.
• Engaging with the branches and other FI’s in determining the legitimacy of suspicious activity.
• Working closely and effectively with the rest of the Fraud Detection Team in sharing information and trends to ensure large scale fraud trends are identified and actioned quickly.
• In the event of a large-scale fraud attack, working effectively with the team to identify the potential points of compromise as quickly as possible and getting other Scotiabank cards at risk identified and action taken before fraudulent activity occurs.
• Monitor Service Level Agreements and Alert queues for timely actioning of alerts as per the queue priority matrix.
• Identify patterns and trends, then engage with appropriate business line partner to evolve if necessary.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have/can:

• Strong communication skills in both English and French
• Flexibility required with business hours
• Utilization of active listening skills and appropriate acknowledgment statements
• Capability to build customer loyalty through listening, relationship building, and professional and persuasive communication skills
• Ability to work in a fast-paced, changing environment
  Ability to navigate between multiple Windows-based application system
• Critical thinking and sound decisions are required to maintain an acceptable balance between fraud control and customer service
• Maintain exceptional knowledge and understanding of all procedures, products and services related to role.
• Strong attention to detail with the ability to recognize risk and take appropriate steps to minimize the impact on both the customer and the Bank
• Capability to build customer loyalty through listening, relationship building, professional and persuasive communication skills
  Achieve/exceed daily/weekly individual and team KPIs
• Ability to navigate between multiple Windows-based application systems
• Good analytical, verbal, and written communication skills

Education / Experience / Other Information

• Customer service experience; demonstrated commitment to providing quality customer service
• Ability to confidently take on high workload and alert volume, while prioritizing and multitasking
• Working knowledge of basic PC applications (e.g. Microsoft Word, Microsoft Excel, Lotus Notes, etc.)
• Fluency in both English and French language skills (reading, writing, and spoken) is an asset
• Previous Retail Banking and / or Advice/Call Centre experience is an asset
• Post-secondary education in business or other related disciplines is in an asset

Working Conditions

• This unit runs on a 24-hour operation.
• The location for this position is in Scarborough
• Work in a standard office-based environment; non-standard hours are a common occurrence.
• Work is subject to frequent interruptions contributing to a lack of control over the pace of work. Cardholder issues tend to be very sensitive and emotional therefore stressful in nature.
• The position requires the use of a headsets
• The incumbent’s desk is located close to co-workers and is subject to constant noise.
• He/she is expected to work occasional overtime due to peak season, periods of increased volume, fraud trends and/or absences. Working outside of standard hours and Statutory/General holidays is required to ensure the department has adequate coverage on a 24/7-hour basis

Shifts available:

Sunday to Thursday 10am-6pm

Need to be available for a 4-week full-time training, Monday to Friday, from 8:00 a.m. to 4:00 p.m.

Location(s): Canada : Ontario : Scarborough
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.