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Senior Associate/Manager, Fraud Analytics - Financial Engineering & Modeling



Accounting & Finance, Data Science
Toronto, ON, Canada
Posted on Tuesday, June 11, 2024

Job Type: Permanent
Reference code: 126335
Primary Location: Toronto, ON
All Available Locations: Toronto, ON

Our Purpose

At Deloitte, we are driven to inspire and help our people, organization, communities, and country to thrive. Our Purpose is to build a better future by accelerating and expanding access to knowledge. Purpose defines who we are and gives us reason to exist as an organization.

By living our Purpose, we will make an impact that matters.

  • Learn from deep subject matter experts through mentoring and on the job coaching
  • Be encouraged to deepen your technical skills…whatever those may be.
  • Have many careers in one Firm.


Would you like to further develop your career with our exponentially expanding Strategy, Risk & Transaction group? Are you up for the challenge to help the most sophisticated Canadian and international clients to solve their quantitative and modelling issues?

What will your typical day look like?

In this role you will help financial services industry (FSI) clients face quantitative issues with informed confidence. Using your deep technical skills and leveraging our global network of experts, you’ll provide professional advice to our FSI clients in a wide range of situations. The result? Our clients will be better placed to take control and receive the best solutions to their complex challenges.

As a senior associate providing fraud analytics service to our clients, you will lead in the development and validation of kiting fraud detection models for large financial institutions, which includes providing expertise in guiding and analyzing detection capabilities in terms of models, rules, alert management, etc. You will also lead to assess and evaluate the end-to-end kiting detection process, ensuring its production readiness and providing timely support.

You will also be able to learn and work in other quantitative and analytical areas such as forecasting and stress testing, customer behavior modeling, and new innovations such as machine learning, natural language processing, large language models and artificial intelligence.

About the team

Deloitte’s Strategy, Risk & Transaction practice delivers highly specialized advisory solutions for companies facing critical business events where significant value is at stake, in every phase of the economic cycle.

Our work is often high profile, high impact, and highly rewarding. If you’re looking for a challenge and an opportunity to grow your career alongside the best and brightest in the industry, you’ll find it in Financial Advisory at Deloitte. Broaden your skills. Broaden your reach. Broaden your career. It’s all possible at Deloitte.

Enough about us, let’s talk about you

You are someone with:

  • Minimum 5 years of relevant experience in capacity of development and validation of fraud detection models.
  • Experience working with leading the development and validation of kiting fraud detection capabilities for financial institutions, including analyzing the detection capabilities in terms of models, rules, etc.
  • Experience working with developing and tuning under natural language processing (NLP) and large language models (LLM) framework.
  • Experience working on traditional regulatory (e.g. IFRS9, CCAR) credit and fraud risk models from machine learning and artificial intelligence modeling perspective.
  • Ability to program in pertinent languages, such as Python, SAS, R, Excel VBA, SQL, etc.
  • Proven ability in strong analytical and problem-solving skills, and comfortable meeting intensive deadlines.
  • Proven ability in excellent written and verbal business communication skills.
  • Solid academic background with a PhD or Master’s Degree in Mathematical Finance, Financial Engineering or other relevant post graduate degree.
  • Having or working towards Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) is an asset.
  • Canadian travel required and occasional international travel. Candidates must be able to enter the USA to work on client assignments.

Total Rewards

The salary range for the Senior Associate position is $75,000 - $113,000 and $95,000 - $159,000 for the Manager position, and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.

Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth. Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. Some representative examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, 38+ days off (including 10 firm-wide closures known as "Deloitte Days"), flexible work arrangements and a hybrid work structure.

Our promise to our people: Deloitte is where potential comes to life.

Be yourself, and more.

We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.

You shape how we make impact.

Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute. Be the leader you want to be.

Be the leader you want to be

Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.

Have as many careers as you want.

We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors. Our TVP is about relationships – between leaders and their people, the firm and its people, peers, and within in our communities.

The next step is yours

At Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our AccessAbility Action Plan, Reconciliation Action Plan and the BlackNorth Initiative.

We encourage you to connect with us at if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations) or for any questions relating to careers for Indigenous peoples at Deloitte (First Nations, Inuit, Métis).

By applying to this job you will be assessed against the Deloitte Global Talent Standards. We’ve designed these standards to provide our clients with a consistent and exceptional Deloitte experience globally.
Deloitte Canada has 30 offices with representation across most of the country. We acknowledge our offices reside on traditional, treaty and unceded territories as part of Turtle Island and is still home to many First Nations, Métis, and Inuit peoples. We are all Treaty people.