Fraud and Financial Crime Analyst

4 weeks ago

Toronto, Ontario, Canada OFX Full time
Role Overview

As a Financial Crimes Investigator, your primary responsibility will be to assist in the detection and oversight of financial misconduct, including fraud, money laundering, and financing of terrorism. You will support investigative efforts and report your findings to the appropriate regulatory bodies, playing a vital role in safeguarding OFX and its clientele while ensuring compliance with regulatory standards.

Key Responsibilities

  • Perform initial and secondary assessments based on alerts generated by OFX's monitoring systems and those raised by operational teams.
  • Contribute to the ongoing enhancement of financial crime detection systems through rule assessments, trend analysis, and profiling of customers and threats.
  • Track and report on metrics related to volume and quality.
  • Critically analyze customer activities in relation to their profiles.
  • Collaborate with external partners, consortiums, and other financial institutions to deepen your understanding of financial crime trends.
  • Assist in comprehensive investigations leading to reports for relevant governing authorities.
  • Maintain detailed records of investigations.
  • Work alongside various departments to design and implement process improvements.
  • Update and provide training on internal documentation regarding operational processes.
  • Deliver high-quality service to all internal and external stakeholders.

Qualifications

  • A minimum of 2 years of experience in transaction monitoring or investigations related to financial crimes, preferably in the financial services sector.
  • Familiarity with current risk management, anti-fraud, and anti-money laundering regulations and frameworks.
  • Understanding of indicators of suspicious activity, criminal patterns, and emerging trends.
  • Proven ability to investigate, draw logical conclusions, and communicate findings effectively.
  • Strong prioritization skills to manage workload and resources, aligning with business objectives.
  • Excellent stakeholder management and problem-solving capabilities.
  • Effective communication skills, both written and verbal, with the ability to explain complex technical concepts clearly.
  • High attention to detail and the ability to work under pressure to meet deadlines.
  • Demonstrated initiative and the ability to work independently.
  • Commitment to maintaining confidentiality and integrity.
  • Experience collaborating closely with operational functions and frontline personnel.
  • Proficient in MS Office Suite (Intermediate level).

The compensation for this position ranges from $60,000 to $65,000 CAD, with the final salary determined by various factors, including experience and job-related skills. This role may also qualify for a variable bonus and/or commission, along with benefits for full-time and part-time employees working a minimum of 24 hours per week.

Working Environment at OFX
At OFX, we strive to make a meaningful impact. We view challenges as opportunities and are dedicated to simplifying processes for our clients. Our collaborative approach enables us to achieve excellence for our customers while fostering a culture of curiosity and continuous learning.

We prioritize professional development through various learning opportunities, including leadership training and access to a comprehensive online learning library. Our commitment to social responsibility is reflected in our Make a Difference program, which encourages employees to contribute to causes they care about.

We recognize and celebrate achievements through various awards and recognition programs. Our employee-led committees organize events to promote engagement and well-being, ensuring a supportive work environment.

We offer a flexible hybrid work model that promotes work-life balance within an inclusive and diverse culture.

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