Sr Analyst, Fraud Risk, Governance and Controls

Definity; Golden Horseshoe; On-site; CAD 69,000 - 127,000; Full time

Job summary

A leading company in the insurance industry is seeking a Sr Analyst for Fraud Risk, Governance and Controls. This role involves managing compliance activities, developing policies, and assessing internal controls. The ideal candidate will have significant experience in fraud risk management and compliance, along with strong analytical and communication skills.

Qualifications

• 5-7 years of experience in compliance or fraud risk management.
• Knowledge of risk and control standards, COSO framework.

Responsibilities

• Maintain Risk Control Matrices and conduct audits.
• Develop and update policies for fraud risk mitigation.
• Design control testing and prepare reports for management.

Skills

Analytical

Organizational

Communication

Education

University degree

CPA

CMA

CIA

CISA

Tools

Microsoft Office

Job description

Sr Analyst, Fraud Risk, Governance and Controls

Join to apply for the Sr Analyst, Fraud Risk, Governance and Controls role at Definity .

The Sr Analyst, Fraud Risk, Governance and Controls plays a key role in executing the compliance function by assessing and supporting various compliance activities including Regulatory Compliance Management, Policy Management, and Internal Controls Over Financial Reporting (ICFR). The role also involves contributing to risk reporting for management and the board.

This position collaborates with the Director, ERM Compliance, ERM team, and Business Units to ensure internal controls, compliance activities, and policy development are robust and consistent. The responsibilities include designing, implementing, and managing programs related to regulatory compliance, policy governance, and ICFR to assess effectiveness and ensure adherence to laws and regulations.

Responsibilities

• ICFR Program : Maintain Risk Control Matrices, advise on documentation, design test plans, conduct audits, identify weaknesses, and recommend improvements. Support management reporting and provide training.
• Policy Management and Governance : Develop and update policies, promote awareness, and oversee policy compliance and implementation of fraud risk mitigation strategies.
• Regulatory Compliance Management : Design and execute control testing, assess compliance, identify deficiencies, and prepare reports for management and the board.
• Risk Management : Act as a subject matter expert on fraud risk, develop and manage fraud risk frameworks, facilitate workshops, and stay updated on industry trends.

Requirements

• University degree and professional certifications such as CPA, CMA, CIA, CISA, etc., preferred.
• 5-7 years of experience in compliance, fraud risk management, internal auditing, or related fields, preferably within financial services.
• Knowledge of risk and control standards, COSO framework, and fraud management guides.
• Excellent relationship-building, organizational, analytical, and communication skills.
• Proficiency in Microsoft Office.

Salary Range : $69,000 - $127,000

• Senior level : Mid-Senior
• Employment type : Full-time
• Job function : Business Development and Sales
• Industry : Insurance

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