Fraud Risk Analyst

Peoples Group•Toronto, ON

1d•CA$65,000 - CA$75,000•Hybrid

About The Position

The Fraud Analyst is responsible for conducting comprehensive reviews and investigations of account holders, merchants, and transactions across multiple systems to detect and mitigate fraud risk. This role involves analyzing client and merchant transaction activity to identify emerging fraud trends, providing clear and actionable insights, and monitoring card programs and partner activities including EFT, Interac eTransfer, and Bill Pay to ensure exposure remains within defined risk appetite thresholds. The Fraud Analyst actively manages network and transaction monitoring alerts, investigates fraud indicators within prepaid card portfolios, and recommends effective mitigation strategies. Additionally, the role supports client engagement by addressing material increases in fraud KRIs, collaborates on the development and enhancement of fraud risk policies and procedures, and stays current with industry trends and best practices to continuously strengthen fraud prevention and detection capabilities.

Requirements

3-5 years of experience in fraud analysis and investigations.
Bachelor’s degree or similar in a relevant field.
Strong analytical and investigative skills.
Familiar with onboarding fraud risks both at a merchant and consumer level.
Strong Knowledge of fraud prevention measures, fraud trends and typologies.
Strong knowledge of payments, including but not limited to MC/Visa/Amex, Interac E-transfer, Electronic Funds Transfer and Bill Pay.
Knowledge of fraud claims and recovery processes.
Experience with regulatory compliance related to fraud.
Moderate to advanced excel skills.

Responsibilities

Complete reviews and investigations of account holders, merchants and transactions across multiple systems for fraud.
Perform reviews of client and merchants’ transaction processing, reviewing data to identify fraud trends and providing analysis and remediation recommendations in a clear and concise format.
Monitor and provide fraud risk analysis of card programs to ensure fraud risk is managed within Peoples Group’s fraud and chargeback/fraud risk appetite tolerance thresholds.
Monitor partner activity for products like Electronic Funds Transfer (EFT), Interac e-transfer (Send Money, Receive Money, Auto-deposit), Bill Pay, to ensure fraud risk is managed within Peoples Group’s fraud risk appetite tolerance thresholds.
Manage network alerts providing partners with fraud mitigation steps.
Monitor alerts via transaction monitoring systems for fraud indicators in our prepaid card portfolio, conducting investigations and making recommendations on mitigation strategies.
Facilitate client communications to investigate material increases in fraud KRIs and working with clients towards successful fraud mitigation.
Assist in the creation and updating of relevant fraud risk policies, standard operating procedures, and make recommendations for improvement.
Keep informed of industry changes, trends, and best practices, and help assess the potential impact on processes and procedures.