Fraud Strategy Analyst
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Key skills for this role
About the Role
BMO seeks a Fraud Strategy Analyst to conduct investigations into financial crimes, assess threats, and ensure compliance with risk frameworks. The role involves analyzing data, preparing reports, and collaborating with stakeholders to mitigate risk.
Key Skills for This Role
Responsibilities
- Conduct investigations to identify and assess financial crime exposure
- Develop solutions and recommendations based on business strategy
- Provide advice and guidance on implementation of solutions
- Support execution of strategic initiatives with stakeholders
- Analyze and assess complex incidents across multiple product lines
- Prepare reports and activity filings per guidelines
- Monitor detection systems and determine required actions
- Document investigation findings and maintain case files
- Gather and format data into reports and dashboards
- Stay abreast of financial crimes risk trends and regulations
Requirements
- 3 5 years of relevant experience
- Post secondary degree in related field or equivalent
- Knowledge of risk and regulatory requirements for financial crimes
- Knowledge of banking products and services
- Verbal and written communication skills
- Collaboration and team skills
- Analytical and problem solving skills
- Influence skills
Full Job Posting
Overview
- Conducts investigations to identify, assess, decision and report on activity that indicates an exposure to financial crimes.
- Ensures potential threats and investigations are evaluated, documented, managed and escalated by following standard operating procedures.
- Provides subject matter expertise and oversight of criminal risk by following a disciplined and intelligence based approach.
Responsibilities
- Develops solutions and makes recommendations based on business strategy and stakeholder needs.
- Provides advice and guidance to assigned business/group on implementation of solutions.
- Helps determine business priorities and best sequence for execution of business/group strategy.
- Conducts independent analysis and assessment to resolve strategic issues.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Builds effective relationships with internal/external stakeholders (e.g. law enforcement agencies).
- Ensures alignment between stakeholders.
- Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
- Identifies business needs, provides content/develops tools and training programs; may include delivery of training.
- Analyzes and assesses incidents or cases that may be complex and require knowledge on several different product lines.
- Prepares reports, notifications and activity/case filings per guidelines and standards.
- Supports the planning and implementation of programs designed to minimize risk exposures.
Qualifications
- Typically between 3 5 years of relevant experience and a post secondary degree in related field or equivalent.
- Knowledge of risk and regulatory requirements as they apply to financial crimes is an asset.
- Knowledge of banking products, services, processes, and organization is an asset.
- Specialized knowledge from education and/or business experience.
- Verbal & written communication skills In depth.
- Collaboration & team skills In depth.
- Analytical and problem solving skills In depth.
- Influence skills In depth.
Compensation
- Salary range: CAD 45,500.00 CAD 84,500.00 per year.
- Pay type: Salaried.
- May include performance based incentives, discretionary bonuses, and other perks.
- Benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
About BMO
- BMO is driven by a shared Purpose: Boldly Grow the Good in business and life.
- Committed to an inclusive, equitable and accessible workplace.
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