Fraud Analyst

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.