Title:  Sr. Fraud Deterrence Analyst

Requisition ID: 213835

Join a purpose driven winning team, committed to results, in an inclusive and high-performing environment.

SCHEDULE:

• Wednesday to Friday 1:00pm - 10:00pm | Saturdays and Sundays 11:00 AM - 8:00 PM | Monday and Tuesday OFF (with daylight savings)

Purpose

Contributes to the overall success of Fraud Deterrence (FD) by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The Senior Fraud Deterrence Analyst is responsible for detection and prevention of suspected fraud incidents through review of case/alerts created by Fraud Deterrence alert system(s). Senior Fraud Deterrence Analyst will review case/alerts which include unusual and/or fraudulent activity, with time sensitivity and exposure to financial and/or reputational and/or legal and/or regulatory risk. The Analyst will ensure complex investigations are referred to their Supervisor for further action. 

Accountabilities 

• Champions a customer focused culture to deepen customer relationships and leverage broader Bank relationships, systems and knowledge. Ensure that the customer service provided is of the highest quality by:
- Prioritizing all requests for information, establishing response times and escalating requests to your Manager for resolution as necessary, based on workload;
- Review each case/alert and make a decision including any instances that may involve some uncertainty or with less than perfect information. All the facts that will support the reason for the decision must be clearly documented and saved within applicable systems;

• Analyzing each case/alert and investigating as required, by; 
- Reviewing customer account information in respect to the case/alert, summarizing the referential information using the case management tool(s) and determining if/how to investigate the account(s) activity;
- Investigating item(s) by reviewing available documents and/or account history, supporting documentation (e.g. bank statements, cheques), and/or reviewing for related previous incident/alerts and/or by contacting the Customer, Branch or relevant Business Line;
- Assisting the Department in identifying potential fraud trends to reduce losses and costs to the customer and/or Bank;
- Ensuring concerns and/or notifications of unusual/fraudulent incidents are referred to applicable stakeholders for the appropriate measures to be taken in order to address the activity;
- Keeping either the customer, relevant Business Line/Stakeholder and/or other External Partners informed of decisions and confirm the outcome of case/alerts where required.  

• Act on case/alerts effectively and efficiently to ensure risk to the Bank is minimized by:
- Identifying Fraud through completions of thorough review of the case/alerts through completion of thorough review of the case/alerts information and account history which includes up to a 90-day review of all cheques for customers with known fraud concerns; 
- Ensuring all recommended actions have been recorded, appropriate systems have been updated, and required documentation is logged within the case management system(s)
- Communicating findings to the appropriate stakeholders or outcomes to the customer;
- Taking the necessary measures to terminate problematic customer relationships and ensuring that all administrative activities surrounding the termination are completed by the appropriate partners. Where necessary, filing Unusual Transaction Reports to ensure compliance with AML regulatory requirements.

• Contribute to the overall effectiveness and efficiency of the Department by:
- Maintaining ownership of work received through case/alert system and identifying, investigating and escalating new fraud patterns that are identified using various systems;
- Assisting when required specifically when volumes exceed the standard work day;
- Assisting the department in identifying potential fraud trends to reduce losses and cost to the Bank;
- Recommending changes to existing detection rules to adjust to newly identified fraud patterns as well as developing communications to advise Stakeholders of new and emerging fraud trends;
- Escalating to Management any incidents/alerts that cannot be completed on a timely basis or within the department’s defined SLA;
- Identifying, analyzing and recommending changes to current departmental processes that may increase Customer Satisfaction and/or efficiencies within the department;
- Identifying common traits with case/alerts to assist the Department in reducing the risk to the Bank;
- Escalating and communicating concerns and required next actions to applicable stakeholders or customers.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the code of Business Conduct. 

Education / Experience

• Post-secondary education and/or a minimum of 2 years of relevant experience in Banking. 
• Existing banking experience with previous Fraud or Commercial experience is a plus.
• Advanced English Proficiency.
• Sound understanding of Retail, Small Business and Commercial Banking activity and practices.
• Superior communication skills; verbal, written and electronic.
• Thorough knowledge of all approved operating procedures in relation to all the accounting support systems.
• Working knowledge of industry and common trends and information regarding fraud detection/prevention. 
• Strong analytical skills to make rational and logical deductions at times with limited information;
•Ability to gather, analyze, organize, document and present large volumes of information in a succinct and organized manner. 
• Working knowledge of basic PC applications (e.g., Microsoft Office (MS Word, Excel & Power Point, Outlook, etc.).
• Standard business hours however subject to change to meet the demand of our customers located across Canada.

Location(s):  Dominican Republic : Distrito Nacional : Santo Domingo || Dominican Republic : Santo Domingo : Santo Domingo East || Dominican Republic : Santo Domingo : Santo Domingo North || Dominican Republic : Santo Domingo : Santo Domingo West

Business Address: Zona Franca Las Americas 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.