Senior Fraud Detection Specialist

3 weeks ago

Toronto, Ontario, Canada Scotiabank Full time

Job Summary

The Senior Fraud Detection Analyst is responsible for preventing and minimizing losses to Scotiabank resulting from fraudulent activity on Payment cards and deposit accounts. This is achieved by working alerts generated by fraud monitoring systems and/or batch reports, analyzing activity/trends, reviewing previous activity and contacting customers, Branches and other FI's to determine if the account has been compromised and if proactive measures are necessary to block the account from further use.

Key Responsibilities

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Detect and prevent fraudulent activity with respect to the Bank's credit cards, debit cards, ScotiaOnline, Email Money Transfers, Western Union, and deposit fraud by:
  • Analyzing alerts generated by various fraud detection tools and assessing the probability that fraud is occurring.
  • Making a decision, based on the analysis completed, to block the account, reduce the limit on the card, place a hold on the account or contact the cardholder and/or branch to discuss the activity.
  • Engaging with the branches and other FI's in determining the legitimacy of suspicious activity.
  • Working closely and effectively with the rest of the Fraud Detection Team in sharing information and trends to ensure large scale fraud trends are identified and actioned quickly.
  • In the event of a large-scale fraud attack, working effectively with the team to identify the potential points of compromise as quickly as possible and getting other Scotiabank cards at risk identified and action taken before fraudulent activity occurs.
  • Monitor Service Level Agreements and Alert queues for timely actioning of alerts as per the queue priority matrix.
  • Identify patterns and trends, then engage with appropriate business line partner to escalate if necessary.

Requirements

  • Strong communication skills in both English and French is an asset.
  • Flexibility required with business hours.
  • Utilization of active listening skills and appropriate acknowledgment statements.
  • Capability to build customer loyalty through listening, relationship building, and professional and persuasive communication skills.
  • Ability to work in a fast-paced, changing environment.
  • Ability to navigate between multiple Windows-based application systems.
  • Critical thinking and sound decisions are required to maintain an acceptable balance between fraud control and customer service.
  • Maintain exceptional knowledge and understanding of all procedures, products and services related to role.
  • Strong attention to detail with the ability to recognize risk and take appropriate steps to minimize the impact on both the customer and the Bank.
  • Capability to build customer loyalty through listening, relationship building, professional and persuasive communication skills.
  • Achieve/exceed daily/weekly individual and team KPIs.

Working Conditions

This unit runs on a 24-hour operation. The location for this position is in Scarborough: 888 Birchmount Rd. Work in a standard office-based environment; non-standard hours are a common occurrence. Work is subject to frequent interruptions contributing to a lack of control over the pace of work. Cardholder issues tend to be very sensitive and emotional therefore stressful in nature. The position requires the use of a headset. The incumbent's desk is located close to co-workers and is subject to constant noise. He/she is expected to work occasional overtime due to peak season, periods of increased volume, fraud trends and/or absences. Working outside of standard hours and Statutory/General holidays is required to ensure the department has adequate coverage on a 24/7-hour basis

The available shift times are as follows: Saturday to Sunday, 4:00pm to 12:00am; Sunday to Thursday, 10:00am to 6:00pm.

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