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Fraud Strategy Analyst Jobs in Toronto, ON (NOW HIRING)

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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 ...

Stripe

Data Scientist, Fraud

Toronto, ON · On-site

We're looking for data scientists with a passion for analyzing data, building machine learning and ... shape fraud strategy across the business. Data scientists on this team apply supervised and ...

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All JobsFraud Strategy Analyst JobsFraud Strategy Analyst Jobs in Toronto, ON

Fraud Strategy Analyst information

What does a fraud strategy analyst do?

A Fraud Strategy Analyst is responsible for developing and implementing strategies to detect, prevent, and mitigate fraudulent activities within an organization. They analyze transactional data, identify patterns, and use analytical tools to assess risks and recommend improvements to existing fraud prevention systems. Their role often involves collaborating with different departments, monitoring fraud trends, and ensuring compliance with relevant regulations. By proactively addressing vulnerabilities, Fraud Strategy Analysts help protect both the company and its customers from financial losses.

What are some common challenges a fraud strategy analyst faces in developing effective fraud prevention methods?

Fraud Strategy Analysts often face the challenge of staying ahead of constantly evolving fraud tactics while balancing customer experience and minimizing false positives. This requires ongoing analysis of large volumes of transaction data, collaboration with data scientists and IT teams, and frequent adaptation of detection models. Analysts must also ensure compliance with regulations and communicate findings effectively to stakeholders, making adaptability and strong communication skills essential for success in this role.

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

To thrive as a Fraud Strategy Analyst, you need strong analytical skills, knowledge of financial regulations, and a background in data analysis or statistics, often supported by a relevant degree. Familiarity with fraud detection platforms, SQL, data visualization tools, and certifications like CFE (Certified Fraud Examiner) are commonly required. Exceptional problem-solving, attention to detail, and effective communication skills help you collaborate and present findings clearly. These skills are crucial to effectively identify, prevent, and mitigate fraudulent activities, safeguarding organizational assets and reputation.

What is the difference between Fraud Strategy Analyst vs Fraud Investigator?

AspectFraud Strategy AnalystFraud Investigator
Required CredentialsBachelor's degree in finance, accounting, or related field; certifications like CFE or ACFE often preferredBachelor's degree; certifications like CFE or ACFE common but not mandatory
Work EnvironmentAnalytical, strategic roles within finance, banking, or e-commerce companiesInvestigative, field or office-based roles focusing on case resolution
Employer & Industry UsageUsed in financial institutions, e-commerce, and insurance sectors for proactive fraud preventionCommon in law enforcement, banking, and insurance for case investigation

The main difference is that Fraud Strategy Analysts focus on developing and implementing fraud prevention strategies, while Fraud Investigators focus on examining and resolving specific fraud cases. Both roles require similar credentials and often work within the same industries, but their core responsibilities differ in approach and focus.

Fraud Strategy Analyst jobs near you
Infographic showing various Fraud Strategy Analyst job openings in Toronto, ON as of July 2026, with employment types broken down into 100% Full Time. Highlights an 43% In-person, and 57% Hybrid job distribution.

Senior Analyst, Fraud Strategy

Momentum Financial Services Group

Toronto, ON • Hybrid

Full-time

Medical, Dental

Posted 22 days ago

Job description

Who We Are

At Momentum Financial Services Group, we help people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we're the team behind Money Mart-Canada's largest non-bank branch network and a leader in financial solutions for underserved communities.

From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that connect over a million customers a year to the money they need, when they need it.

At MFSG, we come together across teams and departments to create something bigger than ourselves: solutions that remove barriers and give people access to money they might not get anywhere else. Whether you're solving problems, building systems, or shaping strategy, your work fuels real support for real people.

We've Got You Covered

  • Compensation Philosophy: Our strategy is simple-we aim to match the market. We regularly review industry standards to ensure our total rewards package is competitive and fair. This commitment helps us attract and retain talented individuals who share our purpose.
  • Discretionary Annual Bonus: Enjoy the opportunity for a discretionary bonus based on individual performance and company success.
  • Comprehensive Benefits: Our benefits include health and dental plans with 100% of the premiums covered. We also offer an Employee Assistance Program to support your mental well-being and provide resources for personal challenges.
  • Retirement Plans: Plan for your future with our robust retirement savings options, ensuring you're set for the long haul.
  • Hybrid Work Environment: Experience the best of both worlds with our hybrid work model, allowing you to balance remote work with in-office. When you're at our corporate head office, enjoy a relaxed and collaborative environment featuring breakout rooms for brainstorming and unwinding, plus a variety of snacks to keep you energized throughout the day.
  • Perks and Rewards: Enjoy reimbursement for tuition assistance and professional development, discounts through Perkopolis and participate in our rewards and recognition programs to celebrate your contributions.

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.

Committed to Equal Opportunity: 
MFSG is committed to accommodating applicants up to the point of undue hardship during the recruitment, assessment and selection process. If you are selected for an interview, please notify MFSG if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, MFSG will work with you to determine how to meet your needs. 

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

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