Sr Analyst, Fraud Risk, Governance and Controls

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

Job summary

An established industry player is looking for a Senior Analyst to enhance their Fraud Risk, Governance, and Controls. This pivotal role involves executing compliance functions, assessing internal controls, and contributing to risk reporting. You will collaborate with various teams to ensure robust compliance activities and policy governance. If you have a strong background in fraud risk and compliance, along with excellent analytical and communication skills, this is a fantastic opportunity to make a significant impact in a dynamic environment. Join a forward-thinking company that values integrity and innovation.

Qualifications

• 5-7 years of experience in compliance, fraud risk, or internal audit.
• Knowledge of COSO and fraud frameworks is essential.

Responsibilities

• Maintain Risk Control Matrices and advise on internal control documentation.
• Design ICFR test plans and conduct audits to assess control effectiveness.

Skills

Compliance Management

Fraud Risk Assessment

Internal Controls

Risk Reporting

Policy Management

Analytical Skills

Communication Skills

Education

University Degree

CPA Certification

CIA Certification

CISA Certification

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 the development of 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.

The analyst will work with the Director of ERM Compliance, ERM team, and Business Units to ensure internal controls, compliance activities, and policies are robust and consistent. Responsibilities include designing, implementing, and managing ICFR, policy governance, and compliance programs, evaluating effectiveness, and ensuring adherence to relevant laws and standards.

Responsibilities

• Maintain Risk Control Matrices (RCMs) reflecting current controls and workflows.
• Advise on internal control documentation and workflows.
• Design ICFR test plans and oversee remediation testing.
• Conduct audits to assess control design and effectiveness.
• Identify and escalate control weaknesses and fraud risks.
• Recommend improvements for controls and fraud risk mitigation.
• Assist in preparing risk reports for management and the board.
• Support investigations and resolution of control issues and fraud exposures.
• Develop and deliver training on controls and compliance.

Policy Management and Governance

• Support policy development, validation, and compliance monitoring.
• Promote awareness of risk management policies and procedures.
• Develop strategies for fraud risk mitigation and policy recommendations.

Regulatory Compliance Management

• Design and execute compliance testing and remediation activities.
• Assess controls for legislative and regulatory compliance, including fraud controls.
• Identify deficiencies and recommend mitigation actions.
• Prepare reports for management and committees.

Risk Management

• Serve as a subject matter expert on enterprise fraud risk.
• Support development and management of fraud risk frameworks.
• Facilitate fraud risk workshops and maintain risk registers.
• Stay updated on fraud trends and regulatory changes.

Requirements

• University degree with professional certifications (e.g., CPA, CIA, CISA) preferred.
• 5-7 years of experience in compliance, fraud risk, internal audit, or related fields, preferably in financial services.
• Knowledge of risk and control standards, COSO, and fraud frameworks.
• Experience with insurance is a plus.
• Strong relationship-building, organizational, analytical, and communication skills.
• Proficiency in Microsoft Office.

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

Additional Details

• Senior level: Mid-Senior level
• Employment type: Full-time
• Industry: Insurance