Job Overview
Location
Toronto, ON
Job Type
Full-time
Category
Data Science
Date Posted
June 4, 2026
Full Job Description
đź“‹ Description
- • Review millions of daily transactions including deposits, checks, wire transfers, and card payments to identify and intercept fraudulent activity in real time.
- • Make critical hold/release or approve/decline decisions on transactions up to $20K, balancing fraud prevention with the need for legitimate small business owners to access funds promptly.
- • Investigate suspicious activity across multiple payment channels, identifying patterns such as velocity abuse, shell companies, altered checks, and business email compromise.
- • Evaluate onboarding applications to distinguish legitimate businesses from synthetic identities, fabricated entities, or coordinated fraud rings using vendor signals like device intelligence, document verification, and business verification tools.
- • Document investigations to SAR-referral quality standards, ensuring case narratives are clear, precise, and acceptable to bank partners and federal examiners.
- • Apply Bank Secrecy Act (BSA) compliance requirements alongside fraud detection, recognizing that regulatory obligations and fraud indicators are not always aligned.
- • Identify and flag emerging fraud typologies such as structuring, funnel accounts, trade-based money laundering, and bust-out schemes.
- • Collaborate with team members to review edge-case decisions, refine judgment, and maintain calibration across the risk team.
- • Utilize vendor systems for device fingerprinting, synthetic identity scoring, and document fraud detection to make rapid, confident decisions without waiting for analytics support.
- • Own the daily deposit review queue, independently assessing risk and determining appropriate action based on transaction behavior, sender verification, and business profile alignment.
- • Produce high-quality investigation narratives that require no revision when submitted to bank partners, demonstrating clarity, analytical rigor, and attention to detail.
- • Actively embed AI-assisted tools into daily workflows to enhance detection accuracy and investigative efficiency.
- • Maintain awareness of evolving fraud tactics and adapt detection strategies proactively to protect 321,000+ small business customers.
- • Ensure all decisions are defensible, documented, and made with full understanding of the real-world impact on small business owners waiting on payroll or supplies.
🎯 Requirements
- • 2+ years in fraud investigation, AML/BSA, or financial crime at a bank, fintech, or payments company with hands-on experience making hold/release or approve/decline decisions
- • Proven ability to develop pattern recognition and investigate anomalies beyond surface-level flags
- • Strong written communication skills to produce clear, compliant, and SAR-referral quality investigation narratives under pressure
- • Comfort making high-stakes decisions with real consequences for both fraud prevention and legitimate business operations
🏖️ Benefits
- • Annual salary range of $72,900 CAD to $89,100 CAD, with typical starting salary at $81,000 CAD for candidates ready for full scope
- • Compensation tied to impact, with adjustments possible outside of annual review cycles
- • Opportunity to work with AI-assisted investigation tools and actively shape their use in daily workflows
- • Autonomy to solve complex problems with minimal oversight and freedom to innovate in risk detection methods
Skills & Technologies
About Relayfi Inc.
Relayfi is a fintech company that provides a platform for managing and optimizing financial workflows for businesses. Their solution focuses on automating accounts payable and receivable processes, offering features such as invoice processing, payment execution, and reconciliation. By integrating with existing accounting systems, Relayfi aims to reduce manual effort, minimize errors, and improve cash flow management for its clients. The company operates within the business process automation and financial technology sectors, serving a range of industries that require efficient financial operations.
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