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Fraud Prevention Analyst - Term

Job in Toronto, Ontario, M5A, Canada
Listing for: Central 1
Full Time, Seasonal/Temporary, Contract position
Listed on 2026-02-14
Job specializations:
  • Finance & Banking
    Banking & Finance, Financial Consultant, Risk Manager/Analyst, Banking Operations
Job Description & How to Apply Below
Position: Fraud Prevention Analyst - 6-Month Term

What we offer:

  • Work-life flexibility

  • Hybrid work environment

  • Variable annual incentive plan

  • Generous annual vacation allotment

  • Top-notch flexible benefits plan including family building and gender affirmation

  • Retirement Plan, matched contributions at 6%

  • Access to a learning platform and educational assistance support

  • Access to a virtual wellness platform

  • Career development opportunities

  • Wellness Flex Fund to support personal interest and activities

  • Day off to volunteer in your community and other paid time off options

  • Corporate discounts

  • * subject to employment agreement

    Job Summary:

    As a Fraud Prevention Analyst,you'llcoordinate analysis of debit card and online banking fraud data to respond effectively to new situations and trends.

    You'llmanage data from various sources including Interac alerts and Suspicious Activity Reports, andfacilitateinformation sharing between Central 1, Interac, and member credit unions toidentifyand prevent fraudulent activity.


    * This role will be three days a week and potential that the shifts may fall on holidays* 

    Schedule Example: (actual schedule may be different depending on business operations)

  • Sunday 6:20AM - 6:30PM

  • Monday 6:20AM - 6:30PM

  • Tuesday 6:20AM - 6:30PM

  • Whatyou'llbe doing:

  • Perform analysis of transaction data from the PRM Fraud Detection System

  • Responsible foridentifyingnew ‘skim’ locations through Central 1 CPP Analytics Application with fraud data reported by credit unions and/or the PRM Fraud Detection System

  • Send out PRM Fraud Alerts (FA)’s to credit unions and follow-up with the response to update PRM

  • Provide assistance tothe FAS group as to when to send PRM Fraud Alerts (FA)’s to credit unions

  • Monitor fraud transaction trends and recommend modifications to the rules in PRM that would result in reduced loss prevention

  • Issue Common Point of Purchase Alerts to credit unions throughout the country to adviseofsuspected or confirmed skimming incidents as reported by the Interac Association. 

  • Complete analysis of transaction data related to Common Point of Purchase Alerts (CPPs) and send Suspicious Activity Alerts (SAAs) to credit unions. Follow up with credit unionsforresponse to alerts to ensure compliance with Interac requirements. Provide ongoing updates to active SAA investigations

  • Issue Interac e-Transfer alerts and communicate to credit unions, Interac

  • Issue Interac Online Payment alerts and communicate to credit unions and Interac

  • Provide assistance tothe credit union staff to ensure the most expedient methods of reporting suspected or confirmed skimming activities is followed

  • Expert knowledge of PRM, the CPP system and Interac regulations

  • Maintain database of authorized users and user passwords for the CPP system

  • Maintain database of skimming information and update records asrequired. Review data to analyze fraudulent activity and todetermineif Member Cards have been used at a suspected skimming location

  • Respond to credit unions’ requests forassistancein resolving outstanding ‘orphan’ cards where a credit union has reported fraudulent activity and no common point of purchase has beendetermined

  • Provide information to the law enforcement department and financial institutions regardingsuspected and confirmed skimming locations

  • Maintain reports of fraud alert volumes and locations to analyze trends anddeterminefuture requirements

  • Research,reviseandmaintaineducational materials for credit unionsregardingthe FAS system

  • Provide technical support to the FAS group (on-call 24 hours/7 days a week)

  • Act as the technical backup when the FAS, Manager Operations is not available

  • ​Whatyou'llhave:

  • Bilingual (French/English) considered a strong asset, while not required

  • 2+ years post-secondary education in a related field

  • 2+ years’ experience in accounting, finance, auditing, criminology, loss prevention, law, or fraud investigation, with some exposure to fraud prevention

  • Exceptional command of
    French
    and
    English
    language, and proven customer service skills arerequired.

  • Experience with processor operations, card association rules and technology associated with payment systems is an asset

  • Proficiencyin computer skills and automated office systems is essential.

  • Strong analytical and problem-solving skills

  • Note that applications are not being accepted from your jurisdiction for this job currently via this jobsite. Candidate preferences are the decision of the Employer or Recruiting Agent, and are controlled by them alone.
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