Fraud Analyst

By its name, the Bank of Montreal offers a wide range of personal banking services, including mortgages, credit cards, loans, and insurance.

A Fraud Analyst creates a track and monitors a bank’s transactions and activity through individual accounts.

To understand more perspectives concerning Fraud Analysts, including the requirements and duties, you must digest the following information below this post.

Job Details

• Job Category: Fraud Analyst
• Name of company:  Bank of Montreal company
• Location: Toronto, ON, Canada
• Salary: CA$54,012
• Schedule: Full-Time
• Relocation: No
• Position Type: Management.

Company Description

The Financial Crimes Unit (FCU) combines our Cybersecurity, Fraud, Physical Security, and Resilience Planning capabilities to address the ever-growing and increasingly complex global security environment.

It is a highly collaborative effort that greatly enhances BMO’s ability to rapidly prevent, detect, respond to, and recover from all security & crisis threats.

At BMO, they are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, communities, and people.

By working together, innovating, and pushing boundaries, we transform lives and businesses and power economic growth worldwide.

As a member of the BMO team, you are valued, respected, and heard, and you have more ways to grow and make an impact.

They strive to help you make an impact from day one – for yourself and their customers, and they’ll support you with the tools and resources you need to reach new milestones as you help our customers get theirs.

From in-depth training and coaching to manager support and network-building opportunities, they will help you gain valuable experience and broaden your skillset.

This position offers a unique experience to learn from experienced leaders in the industry, join a team building the 21st century model for security, and help grow the good by protecting our customers and communities.

The fraud analyst provides input, develops recommendations for process and customer service improvements, and stays abreast of financial crime risk trends.

Ensures potential threats and investigations are evaluated, documented, managed, and escalated by following standard operating procedures.

Provides subject matter expertise and oversight of criminal risk by following a disciplined and intelligence-based approach to detection.

They research activities and events in alignment with criminal risk frameworks and standards to ensure compliance and support trending, analysis, and insights generation.

Responsibilties

• Monitors and analyzes various information provided through detection systems, tools, reports, or manually to evaluate, investigate and determine required actions.
• Supports the collection of evidence and information for multiple purposes, including incident reports/filings, loss prevention, and litigation.
• They deal in criminal prosecution, management information and statistics, and process improvements.
• Documents, actions, and information found throughout the investigation to develop and maintain account/case files.
• Develops and maintains an understanding of the financial crime management processes, frameworks, and techniques.
• Gathers and formats data into regular and ad-hoc reports and dashboards.
• Analyzes data and information to provide insights and recommendations.
• Conduct routine tasks within relevant service level agreements such as service requests, transactions, queries, etc.
• Provides notification, information, and instructions to internal/external stakeholders related to incidents as necessary.
• Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees.
• Analyzes issues and determines next steps; broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically, between 2-3 years of relevant experience and a post-secondary degree in a related field of study or an equivalent combination of education and experience.
• Knowledge of risk and regulatory requirements apply to financial crimes is an asset.
• Knowledge of banking products, services, processes, and organization is an asset.
• Specialized knowledge.
• Verbal & written communication skills – Good.
• Organization skills – Good.
• Collaboration & team skills – Good.
• Analytical and problem-solving skills – Good.

BMO is committed to an inclusive, equitable, and accessible workplace, and by learning from each other’s differences, they gain strength through our people and perspectives.

Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please get in touch with your recruiter.

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