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Fraud Analyst Jobs in Toronto, ON (NOW HIRING)

SearchLabs

Senior Fraud Analyst

Markham, ON · Hybrid

CA$90K - CA$110K/yr

We're looking for a Financial Fraud Analyst to lead the development and execution of our fraud prevention strategy. In this role, you will leverage data, technology, and cross-functional ...

Royal Bank of Canada

Fraud Officer

Toronto, ON · On-site

Strong analytical, investigative, and problem solving skills * Strong risk and operational mindset ... FRAUD UI, INTERAC, EIM, Siebel, etc.) * Bilingual French/English What's in it for you? We thrive on ...

Transunion

Principal, Fraud Analytics

Burlington, ON · On-site

Define and execute the vision for fraud analytics, aligning with business goals and client needs. Lead cross-functional initiatives to enhance fraud detection, prevention, and mitigation strategies.

TransUnion

Principal, Fraud Analytics

Burlington, ON · On-site

Define and execute the vision for fraud analytics, aligning with business goals and client needs. Lead cross-functional initiatives to enhance fraud detection, prevention, and mitigation strategies.

Zurich Insurance Group

Claims Data Analyst

Toronto, ON · On-site

CA$65K - CA$85K/yr

Zurich Canada is currently looking for a Claims Fraud Analyst to join the Data, Analytics & Artificial Intelligence team, supporting Claims and Fraud partners. This role will help strengthen Zurich ...

Royal Bank of Canada

Fraud Investigator

Mississauga, ON · Hybrid

In this role as Fraud Investigator, you will gather, prepare and analyze documents and information ... Gather and analyze documents in Insurance with a particular focus on loss prevention as well as ...

CIBC US

Consultant, Fraud Analytics

Toronto, ON · Hybrid

You will also conduct ongoing data analysis associated with rules management within CIBC's fraud mitigation systems. Thereby, implementing new strategies and continuous improvement to existing ...

Lyft

Fraud & Risk Analyst

Toronto, ON · On-site

The Senior Analyst will define fraud prevention measures that are mindful of the impact on good user experience while inhibiting fraud actors' ability to reach our platform. This person is ...

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Fraud Analyst information

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How much do fraud analyst jobs pay per hour?

As of Aug 28, 2026, the average hourly pay for fraud analyst in Toronto, ON is $23.06, according to ZipRecruiter salary data. Most workers in this role earn between $17.43 and $27.30 per hour, depending on experience, location, and employer.

What does a fraud analyst do?

As a fraud analyst, your responsibilities are to monitor bank accounts, financial transactions, accounting paperwork, and other financial documents and analyze the data to identify any potential fraudulent activity. Fraud analysts work in several fields, including insurance, municipal, state, and federal law enforcement, finance, and banking, and your duties differ depending on the type of institution or agency for which you work. However, your tasks generally include using sophisticated software to pick up on patterns of behavior by a financial institution, business, or individual.

What does a fraud analyst do?

A Fraud Analyst is responsible for detecting, investigating, and preventing fraudulent activities within an organization, typically in the banking, finance, or retail sectors. They analyze transactions, monitor accounts for suspicious behavior, and use specialized software to identify patterns that may indicate fraud. Fraud Analysts work closely with other departments and law enforcement agencies to resolve cases and help develop strategies to minimize future risks.

What are the key skills and qualifications needed to thrive as a fraud analyst, and why are they important?

To thrive as a Fraud Analyst, you need strong analytical skills, attention to detail, and a background in finance, accounting, or a related field, often supported by a bachelor's degree. Familiarity with fraud detection software, data analysis tools like SQL or Excel, and relevant certifications such as CFE (Certified Fraud Examiner) are commonly required. Strong problem-solving, critical thinking, and effective communication skills help Fraud Analysts investigate suspicious activities and collaborate with other departments. These skills and qualifications are essential for accurately identifying fraudulent behavior, minimizing financial losses, and upholding organizational integrity.

What are some typical challenges faced by fraud analysts, and how can they be addressed?

Fraud Analysts often deal with the challenge of distinguishing between legitimate and suspicious activities in large volumes of data, which requires keen attention to detail and strong analytical skills. Another common challenge is keeping up with evolving fraud tactics and technologies. To overcome these, analysts regularly participate in ongoing training, leverage advanced detection tools, and collaborate closely with IT and compliance teams. Open communication and knowledge sharing within the team also play key roles in staying ahead of potential threats.

What is the difference between Fraud Analyst vs Compliance Analyst?

AspectFraud AnalystCompliance Analyst
Required CredentialsCertifications like CFE, ACFE, or fraud-specific trainingCertifications such as CRCM, CAMS, or compliance-specific courses
Work EnvironmentFinancial institutions, e-commerce, insurance companiesBanking, finance, healthcare, and regulatory agencies
Employer & Industry UsageFocus on detecting and preventing fraud activitiesFocus on ensuring adherence to laws and regulations

While both Fraud Analysts and Compliance Analysts work within financial and regulated industries, Fraud Analysts primarily focus on identifying and preventing fraudulent activities, whereas Compliance Analysts ensure organizations follow legal and regulatory standards. Both roles require similar certifications and often operate in overlapping environments, but their core responsibilities differ significantly.

How much do fraud analysts get paid?

Fraud analysts typically earn a median annual salary between $50,000 and $70,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries, especially in financial services or technology sectors.

Is fraud analysis a good career?

Fraud analysis is a growing field that involves detecting and preventing financial crimes using data analysis and investigative skills. It offers opportunities for advancement, requires attention to detail, and often involves working with specialized software and industry regulations. Many professionals find it a stable and rewarding career path in finance and security sectors.

What qualifications do you need to be a fraud analyst?

A fraud analyst typically needs a bachelor's degree in finance, accounting, or a related field. Strong analytical skills, attention to detail, and experience with data analysis tools or fraud detection software are important. Certifications such as Certified Fraud Examiner (CFE) can enhance job prospects.
More about Fraud Analyst jobs

What are the most commonly searched types of Fraud Analyst jobs in Toronto, ON?

The most popular types of Fraud Analyst jobs in Toronto, ON are:

What are popular job titles related to Fraud Analyst jobs in Toronto, ON?

For Fraud Analyst jobs in Toronto, ON, the most frequently searched job titles are:

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The top searched job categories for Fraud Analyst jobs in Toronto, ON are:

Fraud Analyst jobs near you
Infographic showing various Fraud Analyst job openings in Toronto, ON as of August 2026, with employment types broken down into 100% Full Time. Highlights an 50% Hybrid, and 50% Remote job distribution, with an average salary of $47,965 per year, or $23.1 per hour.

Senior Fraud Analyst

Markham, ON • Hybrid

SearchLabs
See more jobs at SearchLabsexternal

CA$90K - CA$110K/yr

Full-time

Retirement

Re-posted 18 days ago

Job description

We're looking for a Financial Fraud Analyst to lead the development and execution of our fraud prevention strategy. In this role, you will leverage data, technology, and cross-functional collaboration to detect, investigate, and prevent fraud while strengthening enterprise fraud risk controls. If you enjoy turning data into actionable insights, leading fraud investigations, and building stronger prevention frameworks, this role offers the opportunity to make a real impact.

Your Mandate Strengthen Fraud Prevention Identify emerging fraud risks through data analysis, trend monitoring, and pattern detection. Evaluate and improve controls, processes, and monitoring capabilities to reduce fraud exposure. Partner with Risk, Operations, and Credit teams to ensure a coordinated approach to fraud management.

Investigate & Analyze Lead fraud investigations, identifying root causes and recommending corrective actions. Deliver insightful reporting and analysis on fraud trends, risks, and mitigation strategies. Provide data-driven recommendations that strengthen fraud monitoring and prevention.

Build Awareness Develop fraud policies, procedures, and training materials. Support staff through training and guidance on fraud detection and prevention practices. Promote a culture of fraud awareness and risk management across the organization.

Background Expectations Bachelor's degree with Risk Management, Data Analytics, Criminology, or a related field. Experience in fraud prevention, fraud analysis, or credit risk management. Certifications such as Certified Fraud Examiner (CFE) are preferred.

Strong knowledge of fraud risk frameworks, regulatory requirements, and investigation practices. Experience with data analytics and reporting tools. Ability to analyze complex data, identify patterns, and translate insights into action.

The salary band for this role is $90,000 - $110,000. Our client works on a hybrid work model. Artificial intelligence (AI) is not used to screen, assess, or make hiring decisions for this role.

All applications are reviewed and evaluated by our recruitment team. This posting represents a current vacancy. Compensation details, discussions and negotiation guidance will be provided during the hiring process as appropriate.

This role also includes additional compensation elements such as a performance bonus and retirement savings plan. Connecting great people with great companies for great results. SearchLabs is a leading specialist recruitment firm established to meet the recruitment needs of the Design, Construction & Property, and Information Technology industries.

Established in 2010, we work with the leading companies within our disciplines across North America. At SearchLabs, we make hiring and job hunting as easy and simple as possible so you can focus on what you do best. When you partner with us, your personal career goals and objectives are dealt with and represented by experienced consultants within your field of specialty.

We then match you to the best opportunities that are aligned with your goals and aspirations to result in a positive and rewarding outcome. We recognize the importance of ethics and are committed to confidentiality in every step of the process. Whether you are looking for a permanent or contractual arrangement, we appreciate the responsibility and opportunity to represent and inform you about the marketplace and the career opportunities within.

We thank all applicants for their kind interest, however only those with relevant experience will be contacted at this time. All resumes will be considered for all other current relevant roles as well as be kept on file for future consideration. #LI-PS1.

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