Position Summary
The Fraud Analyst protects Vault Credit from fraud losses by verifying that customers, documents, equipment and premises are genuine. The role combines remote and third-party inspections, document and identity forensics, and day-to-day support of the company's AML/KYC compliance program.
Key Responsibilities
Inspections
- Initiate and review equipment and premises inspections, completed remotely or by third-party providers, to confirm that assets exist, match the documentation and are located where the customer states.
- Coordinate with third-party inspection providers, review their reports, and document and escalate discrepancies.
- Maintain inspection records and photographic evidence to audit standards.
Higher-risk file review
- Review documentation for opportunities assessed as higher risk of fraud, such as unusual transaction structures, unverifiable suppliers or inconsistent business information.
- Identify red flags, recommend additional verification steps and report conclusions to underwriting and management.
Document and identity verification
- Review government-issued IDs, bank statements and other customer-provided information for signs of tampering, alteration or fabrication.
- Cross-check customer data against independent and third-party sources.
- Record outcomes and escalate suspected fraud according to company procedures.
AML/KYC compliance support
- Assist in the oversight and implementation of the company's AML/KYC compliance program.
- Review and verify identification requirements and screening results (sanctions, politically exposed persons, adverse media), and resolve or escalate matches.
- Support record-keeping, internal testing and updates to AML/KYC procedures.
Investigations, reporting and training
- Investigate suspected fraud cases, document the findings and record key takeaways, including root causes and control gaps.
- Prepare reports required by FINTRAC, such as suspicious transaction reports, within regulatory timelines.
- Track and report metrics on fraud attempts, confirmed fraud losses and fraud prevented.
- Monitor fraud trends and emerging schemes, and update red-flag guidance and procedures accordingly.
- Train other staff on fraud and AML/KYC best practices.
Audit and compliance
- Assist the Director, Credit in completing monthly reviews and audits for compliance to guidelines.
- Review defaulted files to identify trends and recommend improvements to underwriting guidelines.
- Maintain the company's external rate cards and help ensure deals comply with them.
Additional duties
- Support the syndications team in securing approvals and funding transactions with partner lenders.
- Perform other related duties as assigned.
Qualifications
Required
- Post-secondary education in business, finance, criminology, law or a related field, or equivalent experience.
- Strong analytical skills and curiosity about how fraud schemes work.
- Familiarity with Canadian AML/KYC requirements, including the PCMLTFA and FINTRAC guidance.
- Demonstrated ability to detect altered or forged documents and inconsistent data.
- Strong written communication; able to document findings clearly and defensibly.
- Sound judgment, attention to detail and discretion with confidential information.
- Ability to work independently and coordinate with external providers remotely.
Preferred
- Equipment finance or leasing experience.
- Experience in fraud prevention, credit risk, compliance, investigations or financial services, including co-op or internship placements.
- Experience with sanctions and PEP screening tools and identity verification platforms.
- Proficiency with Microsoft Office and case-management systems.
Working Conditions and Equal Opportunity
This is a full-time, salaried position that can be performed remotely, or hybrid for candidates based in the GTA. Inspections are conducted remotely or through third-party providers; no site travel is required.
Vault Credit is committed to an inclusive workplace and provides accommodation during the hiring process on request.
