About Company
Scotiabank is a leading bank in the Americas. With a legacy spanning over 190 years, we are a team of more than 90,000 employees and an asset base of over $1.3 trillion. Our core purpose is to help our 25 million customers around the world improve their financial situation, by providing a comprehensive range of advice, products and services. These offerings include personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets solutions. We are deeply committed to fostering strong communities and driving innovation, always striving to build a better future for everyone. While our primary operations are globally recognized, our strategic presence in the U.S. supports our broader objectives, focusing on specialized services and key market segments. At Scotiabank, we are dedicated to cultivating a diverse and inclusive environment where every employee feels valued, respected, and empowered to contribute to our collective success. We believe that a variety of perspectives strengthens our decision-making and enhances our ability to serve our diverse customer base effectively. Join us and discover your potential with a world-class financial institution that champions growth, integrity, and customer-centricity.
Job Description
As a Fraud Analyst at Scotiabank, you will play a critical and immediate role in protecting our customers and the bank from the ever-evolving landscape of financial crime. Based in our new Selbyville, DE operation, you will be on the front lines, utilizing advanced analytical tools and your keen investigative skills to detect, prevent, and mitigate fraudulent activities across various banking products and channels. This is an immediate start position, requiring a proactive, highly analytical, and detail-oriented individual eager to make a significant impact within a dynamic and fast-paced environment. Your primary responsibility will be to analyze complex transaction patterns, identify suspicious behaviors, and meticulously investigate and escalate potential fraud cases. Your expertise and vigilance will directly contribute to maintaining the integrity of our financial systems, safeguarding our assets, and upholding the trust our customers place in us. This role involves working closely with a variety of internal teams, including customer service, compliance, risk management, and security, to ensure a coordinated and effective response to emerging fraud threats. We are looking for someone who thrives under pressure, possesses a strong ethical compass, and is committed to continuous learning and adaptation in the rapidly changing world of financial fraud. Join a team dedicated to innovation, operational excellence, and protecting our stakeholders, where your contributions are recognized and your professional growth is actively supported. This position offers a unique opportunity to shape our fraud prevention strategies in a growing market.
Key Responsibilities
- Conduct real-time monitoring and in-depth analysis of transactions across various banking systems to proactively detect and prevent fraudulent activities.
- Investigate and thoroughly resolve suspicious account activity, collaborating effectively with internal departments and external contacts, including law enforcement, as necessary.
- Identify and analyze emerging fraud trends, patterns, and schemes, recommending and implementing enhanced detection rules and prevention strategies.
- Prepare comprehensive and detailed reports on fraud incidents, including meticulous analysis of root causes, financial impact, and recommended countermeasures.
- Communicate effectively and professionally with customers, internal stakeholders, and external agencies regarding fraud cases, strictly maintaining confidentiality and adherence to privacy regulations.
- Stay current with industry best practices, regulatory requirements (e.g., FinCEN, BSA/AML), and technological advancements in fraud prevention and detection.
- Actively contribute to the development, testing, and enhancement of fraud detection systems, tools, and operational procedures.
- Provide training, guidance, and mentorship to junior analysts and team members as needed, fostering a culture of continuous learning and excellence.
Required Skills
- Minimum of 2 years of progressive experience in fraud detection, risk management, or financial crime investigation within a banking or financial services environment.
- Strong analytical and problem-solving skills with a proven ability to interpret complex data, identify anomalies, and draw actionable conclusions.
- Proficiency with fraud detection software, case management systems, and transaction monitoring platforms.
- Excellent written and verbal communication skills, capable of articulating complex issues clearly and concisely.
- High level of integrity, ethical conduct, and discretion when handling sensitive information.
- Ability to work both independently and collaboratively as part of a high-performing team in a dynamic and fast-paced environment.
- Advanced proficiency in Microsoft Office Suite, particularly Excel for data analysis and reporting.
Preferred Qualifications
- Bachelor's degree in Finance, Criminal Justice, Business Administration, or a closely related field.
- Relevant professional certifications such as Certified Fraud Examiner (CFE), ACAMS (Association of Certified Anti-Money Laundering Specialists), or similar.
- Experience with advanced analytics tools and techniques (e.g., SQL, Python, R) for complex data analysis.
- Familiarity with U.S. financial regulations pertaining to fraud, anti-money laundering (AML), and sanctions.
- Bilingual proficiency (e.g., Spanish/English) is considered a valuable asset.
Perks & Benefits
- Highly competitive salary package coupled with a comprehensive health and wellness benefits program.
- Generous paid time off, including vacation, sick leave, and an attractive holiday schedule.
- Robust 401(k) retirement savings plan with a substantial company match.
- Flexible health, dental, and vision insurance options to suit individual and family needs.
- Company-paid life and disability insurance, providing financial security.
- Extensive opportunities for professional development, continuous learning, and clear career advancement pathways.
- Access to an employee assistance program and a variety of wellness initiatives.
- A dynamic, inclusive, and collaborative work environment that values diversity.
- Modern, state-of-the-art office facilities located in Selbyville, DE, designed for comfort and productivity.
How to Apply
Interested candidates are strongly encouraged to submit their detailed resume and a compelling cover letter through our dedicated career portal by clicking the application link below. In your application, please highlight your specific experience in fraud analysis, your understanding of financial crime, and explain why you are an ideal fit for this immediate start position at Scotiabank. We appreciate the time and effort invested by all applicants, but please note that only those candidates selected for an interview will be contacted for further steps in the recruitment process.