Senior Analyst, Fraud Strategy

Momentum Financial Services Group • $95K — $105K *

Toronto, ON M3C 0E3In-Person

Finance & Insurance

Less than 5 years of experience

Today

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Job Overview by Ladders

Qualifications

Bachelor's or Master's degree in Decision Science, Data Science, Mathematics, Statistics, Computer Science, Engineering, Finance, or Economics
3+ years of experience in fraud risk management specializing in Fintech or Banking
Familiarity with 3rd-party fraud prevention solutions in financial services
Proven track record in acquisition/origination fraud and credit management
Strong strategic thinking abilities with a focus on continuous improvement
Experience working in consumer lending companies in the U.S. is a plus

Responsibilities

Develop and monitor fraud-related dashboards to detect risky signals
Optimize existing strategies to control fraud risks, including identity theft
Identify automation opportunities for data extraction and analysis
Innovate by testing new data and analytics approaches
Partner with various departments and vendors to implement fraud solutions
Assess and implement fraud mitigation strategies to minimize losses

Benefits

Support for continuous learning and professional development
Collaborative team environment fostering innovation
Opportunity to influence the future of fraud prevention strategies
Engagement with diverse teams across multiple functions and vendors
Work that directly impacts customer experience and company margin preservation

Full Job Description

The Job: Senior Analyst, Fraud Strategy

As a Senior Analyst, Fraud Strategy you will be accountable for the daily fraud prevention activities at Momentum that ensure applicable fraud rules, processes and reporting are in place to fend off fraudulent loans. This involves assessing different types of fraud-related risks for all our consumer lending products across North America, adopting industry-leading solutions, developing/deploying fraud prevention strategies and tracking strategy performance for continuous improvement on loan and credit card origination fraud avoidance.

How You'll Make an Impact:

Develop and monitor fraud-related dashboards, detect risky signals and conduct analysis to uncover underlying drivers. Develop and implement fraud strategies leveraging data, advanced analytics tools and business acumen to mitigate fraud losses and maintain optimal customer experience
Optimize existing strategies effectively to control fraud risks including stolen/forged identity and first-party malicious intent. Design A/B tests and understand the risk and customer experience trade-offs.
Identify automation opportunities in day-to-day data extraction, performance tracking and analysis, and execute on them to improve productivity.
Continue to innovate by testing new data, analytics approaches and models. Communicate findings and recommendations effectively to all levels of management
Partner with Credit, Product, Ops, IT, and external vendors to implement solutions/strategies and monitor their performance
Assess and implement fraud mitigation strategies that effectively minimize losses.

Education + Experience

Bachelor's or Master's degree in a relevant field such as Decision Science, Data Science, Mathematics, Statistics, Computer Science, Engineering, Finance, or Economics.
Required; 3+ years of experience in fraud risk management focusing on strategy, implementation and launching fraud prevention and detection solutions for Fintech, Banking, or other e-commerce.
Familiarity with 3rd-party Fraud prevention solutions, preferably within the financial services industry. Proven track record in acquisition/origination fraud and credit management space.
Understand the organizational and financial impact of decisions, ensuring actions are aligned with business objectives.
Strong strategic thinking with ability to provide insights and provide recommendations to drive continuous improvements to strategies and mitigate risk.
Ability to work independently, while seeking guidance when needed.
Collaborate effectively with colleagues, providing coaching and problem-solving support to enhance team performance.
Shares information effectively with peers and stakeholders. Listens actively and resolves basic misunderstandings.
Handles moderately complex problems by analyzing data and applying judgment within defined methods.
Experience working at consumer lending companies in the U.S. is a plus.

Please note: The salary range for this position is between C$ 95,000 - C$ 105,000.

Ready to apply your fraud strategy expertise to make a real impact? Join us and help shape the future of risk at MFSG. Apply today and let's build the future of MFSG, together.

About Momentum Financial Services Group

Momentum Financial Services Group Careers

There has never been a better time to join the global team at Momentum Financial Services Group—the leading force in innovative financial solutions.

Work You’ll Do

Join Momentum Financial Services Group's market-leading team to assist some of the most prestigious companies in mastering their financial strategies and operations. Transform financial management and industry standards with the brightest minds at Momentum Financial Services Group. This is where technology, industry expertise, and digital innovation converge. Lead from a unique position in the marketplace, harnessing the power of technology to drive financial innovation and leadership. Work with a global team of business and financial advisors to help clients navigate through complex financial landscapes. Collaborate with a dedicated group of professionals, fostering an environment where innovation and leadership thrive.

Introducing the Momentum Financial Services Group Professional Pathways

The team is building a market-leading pathway to help professionals master their career growth with comprehensive training and development opportunities.

Do Innovative Work

Be part of the largest group of financial experts, where professional growth and innovation meet at the intersection of technology and financial services.

Drive Innovative Solutions

Deliver targeted financial solutions through a depth and breadth of consulting experience and innovation that’s second to none.

Be Part of a Great Team

Engage with a wide-ranging technology stack and harness the capabilities of a team known for its global scale and solution development.

Future-Proof Your Career

Advance your career with limitless opportunities supported by unmatched training, development, and certification support.

Explore

Discover how Momentum Financial Services Group leads clients like Global Retail Corp towards transformative financial management solutions, enabling predictive analytics and data-driven decision-making.

The Momentum Financial Services Group Difference

The combined service capabilities, global scale, and joint solution development help clients overcome challenges and lead transformation in their industries. Clients worldwide turn to Momentum Financial Services Group for new strategies and solutions to drive innovation and growth.

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Learn more about Momentum Financial Services Group

Size

1,001 employees

Industry