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.