BMO Financial Group Senior Analyst, Fraud Analytics in Ontario, Canada

Description:

The Senior Fraud Analytics Analyst is accountable to identify and understand new and emerging patterns of fraud both external and internal and apply statistical, data mining and pattern analysis techniques to determine the relationships between banking transactions and known/predicted fraudulent behaviours. This role will use the identified behaviours to develop scenarios and profiles that intercept and interrupt fraud/ balancing the projected impact on customer services and Bank resources against the expected returns from improved fraud detection abilities.

Key Accountabilities

Apply sophisticated modeling techniques and an understanding of the latest advances in fraud analytics and predictive/analytical models, to a wide range of products and services across the P&C North America /BMO Financial Group customer base to identify and understand new and emerging patterns and create scenarios used to intercept and interrupt fraud.

Develop and maintain models and metrics in particular the scenarios, profiles and parameters used to improve the efficiency of P&C fraud detection systems. This includes:

  • Identifying and understanding new and emerging patterns, both external and internal and applying statistical, data mining and pattern analysis techniques to determine the relationships between banking transactions and known/predicted transactions.

  • Developing scenarios and profiles that intercept and interrupt fraudulent transactions balancing the projected impact on customer services and Bank resources against the expected returns from improved fraud detection abilities.

  • Regularly evaluating the effectiveness of the scenarios, profiles, and parameters to identify, adjust and mitigate deterioration in their predictive power.

Authorities

-This role has the authority to block and re-issue cards . This role has the authority to restrict portfolio usage i.e. merchant code or a country code.

-This role has the authority to make authorization parameter changes in real-time online or during Off Hours using Off Site access within predefined authority limits.

-Access Authority to use and access confidential information related to employee information, customer information, product and financial information.

-Managerial Authority to deploy resources (physical, financial and human) as appropriate to meet business goals and objectives.

Scope & Impact

-This role will impact the bottom line of P&C North America, minimizing losses and protecting BMO Financial Group’s reputation. This role will contribute indirectly to the bottom line through the improvement of fraud/AML detection and containment processes to minimize losses and protect the reputation of BMO Financial Group.

-Financial Impact: Personal & Commercial Fraud and AML Electronic Monitoring is accountable for the management and oversight of $100MM in fraud losses booked ($40MM Credit Card Fraud and $60MM other) and $300MM in fraud losses avoided. The Inference Analytics group is accountable for the analytics required to enhance the effectiveness of the fraud processes.

Desired Behaviours

-Provide on-going feedback to F&EM group with input for best practices.

-Ability to manage multi-task in a fast paced environment.

-Ability to effectively communicate to address inquiries, gaps, and escalations to Senior leaders in the Bank

-Foster a team culture that is open, transparent, positive, future-focused and able to deliver success

Qualifications:

Knowledge & Skills

Skills

-Analytic Thinking In-depth

-Data Mining & Modeling Expert

-Problem Solving in-depth

-Information Management In-depth

-Applied Innovation Working

-Risk Management Working

-Project Management Working

-Managerial Leadership Basic

Knowledge

  • Masters preferred

  • In-depth technical development skill and sound knowledge of advanced technology concepts

  • Deep understanding of specialized technical/business processes within P&C

  • Good knowledge of Bank products, services, organization and interrelationships

  • In-depth knowledge of Financial Crimes, including current fraud modalities, techniques/AML behaviors

  • Expert knowledge of Statistical Analysis and Human Behavior Modeling

Knowledge of Data Mining Tools

At our company, we have been helping our customers and communities for over 195 years. Working with us means being part of a team of talented and passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.

To find out more visit our website at www.bmo.com/careers .

BMO Financial Group is committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives. We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Job Field:

Analytics & Reporting

Job Schedule:

full-time

Primary Location:

Canada-Ontario-Toronto