Our client, a top banking client in Canada is looking to hire a Fraud Analyst, Background screening role for their team with a contract of 6 months which is renewable. This role 1-2 days a week in the office for their Toronto office. You will be responsible for completing moderate to complex research and analysis of account activity to assess levels of risk and fraud type, making a fraud determination, completing all required investigative reports, and taking appropriate action to resolve fraud related inquiries in a multi-faceted, fast paced and dynamic environment, while ensuring the security of the customer's accounts.
Key Responsibilities Monitor and Analyze Transactions: Regularly review and analyze account activity and transactions to identify patterns indicative of potential fraud, utilizing automated alert systems and manual evaluations.
Investigative Reporting: Conduct thorough investigations of suspected fraudulent activities, document findings in detailed investigative reports, and communicate results to relevant stakeholders.
Collaboration with Operations Teams: Work closely with various departmental teams, such as Risk Management and Customer Service, to ensure that all escalated fraud incidents are properly addressed and reported, including any situations that may require regulatory filings.
Trend Identification and Reporting:



Identify and analyze trends related to fraudulent activities and collaborate with business lines to develop strategies for mitigating risks and preventing future losses.
Compliance and Process Adherence: Follow established processes, procedures, and regulatory guidelines during all investigative activities to ensure compliance with legal requirements and uphold the integrity of the bank's operations.
Continuous Improvement: Stay informed about emerging fraud trends, new technologies, and regulatory changes, and contribute to process improvements within the fraud detection and prevention framework to enhance operational efficiency.
Must have skills 2-4 years of fraud Investigation experience
Proficient in MS word, excel & Outlook
Proficient with analytical reviews
Assist in identifying and reporting suspicious activity trends to the Lines of Business in order to mitigate future Bank or client losses.
Review and monitor account activity for potential fraud.
Monitor alert-based systems for potentially fraudulent activity.
General understanding of fraud controls.
Experience within a team environment
Nice to have skills Check fraud experience *Robust Nice to have
Recovery experience
Actimize or Oasis experience

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📌 Director, Worker Screening and Onboarding Governance (Ontario)
🏢 Royal Bank of Canada
📍 Ontario