Fraud Technology Specialist

Address:

Join BMOs Financial Crimes Technology team and become a driving force in safeguarding our customers and communities. We lead the development of a dynamic ecosystem that spans Cybersecurity Fraud Prevention and Physical Security delivering enterprise-grade solutions that protect what matters most. You will shape the future of financial crime defense by integrating cutting-edge technologies into scalable platforms that evolve with emerging threats. Thrive in a fast-paced environment where bold thinking and rapid decision-making are not just encouragedtheyre essential. Be part of a culture that champions innovation and transformation redefining how financial crimes are detected and prevented. Your work will have real impact helping us stay ahead of the curve and build a safer financial world.

***This is a HYBRID role***

CORE Responsibilities :

• Technical implementation and customization of transaction monitor systems such as IBM Safer Payments or BAE Netreveal or Actimize solutions.

• System Implementation & Configuration: Setting up and configuring the IBM Safer Payments environment to meet business requirement.

• Develop Model strategy develop model strategy to meet the business requirement.

• Rule & Model Development: Creating and tuning custom fraud detection rules and scenarios. This involves using the systems built-in tools as well as integrating external models built with Python or other data science tools.

• System Integration: Ensuring the Safer Payments system integrates seamlessly with the clients existing payment systems and data flows including messaging and APIs.

• Data Analysis: Analyzing large volumes of payment transaction data to identify patterns of both normal and fraudulent behavior.

• Performance Tuning: Optimizing the system for high performance ensuring it can process thousands of payments per second with minimal latency and a low false-positive rate. Monitor system performance and message flow to ensure timely fraud detection.

• Troubleshooting & Maintenance: Diagnosing and resolving issues and providing ongoing support and maintenance for the system and its rules. Troubleshoot issues related to data ingestion model execution and alert generation

• Work closely with fraud analysts quality assurance data scientists and operations teams to align technical configurations with business rules.

• Document configuration changes integration points and operational procedures.

Required Skills and Qualifications:

• 2 years of Data Science specifically in the following areas:

• Gathered and processed large datasets from transactional systems CRM platforms and third-party APIs.

• Identified key behavioral patterns and anomalies in customer transactions using Machine Learning techniques

• 5 years of programming & Scripting: Strong knowledge of scripting languages like Java Python and query languages like SQL and PL/SQL.

• 5 years of Database Knowledge: Experience with databases and the ability to work with large data sets. Applies advanced data analytics to enhance the quality and efficiency of fraud detection systems.

• 2 years Payment Systems: A solid understanding of banking payment systems and financial fraud prevention.

• 2 years System Administration: Familiarity with Unix command-line navigation and configuration actions.

Nice-to-have Skills:

• Fraud Prevention & AI: Experience with fraud prevention or other related financial crime solutions is highly beneficial. Knowledge of machine learning concepts and how to apply them to fraud detection is also a plus.

• Upholds the independence and integrity of the development practice.

• Maintains a strong understanding of the financial industry and internal operations to support the design and implementation of fraud monitoring solutions.

• Builds and sustains effective working relationships with key stakeholders across business and technology teams.

• Operates independently and demonstrates sound judgment in handling complex and non-routine situations.

• Integration & API Work: Experience on implementing and maintaining integrations using theIBM Safer Payments API or any other Fraud detection systems ( i.e. etc) connecting external systems (e.g. payment processors fraud alert systems) and ensuring secure and reliable data exchange between systems in the Bank.

Additional Information:

The Financial Crimes Unit (FCU) brings together our Cybersecurity Fraud and Physical Security capabilities to address the ever-growing and increasingly complex global security environment. It is a highly collaborative effort that greatly enhances BMOs ability to rapidly prevent detect respond to and recover from all security threats. This position offers a unique experience to learn from experienced leaders in the industry join a team building the 21st century model for security and helping grow the good by protecting our customers and communities.

***This is a HYBRID role***

Drives the overall software development lifecycle including working across functional teams to transform requirements into features managing development teams and processes and conducting software testing and maintenance. Specific project areas of focus includes translating user requirements into technical specifications writing code and managing the preparation of design specifications. Supports system design provides advice on security requirements and debugs business systems and service applications. Applies deep knowledge of algorithms data structures and programming languages to develop high quality technology applications and services - including tools standards and relevant software platforms based on business requirements.

• Experience with financial Fraud solutions mostly with banking customers in order to defend and enhance business
• Expert programmer with languages such as Python Java
• Configure implement and tune technical aspects of the IBM Safer-Payment product to meet business requirements.
• Knowledge of the functionality of the IBM Safer payment so that they can be customized extended.
• Strong knowledge of Linux OS including BSH scripting
• Understanding of Big Data technologies Spark Knowledge would be an asset
• Knowledge of application servers such as Jboss Websphere Weblogic Apache Tomcat
• Good understanding of Kafka and other MQ type technologies.
• Strong knowledge of SQL PL/SQL and databases mainly Oracle
• Strong understanding of ETL and data processing and cleansing for accurate data analysis.
• Prior experience with AI and machine learning techniques considered an asset
• Analyze customer data to produce data quality reports understand the importance of various data points and analyze the risk associated to data quality issues.
• Good communication and interpersonal skills with a determined approach to own work.
• Excellent Technical troubleshooting skills
• Demonstrate flexibility and ability to take the initiative on issues.
• Effective and efficient decision making ability - prioritizing time management etc.
• Flexibility to work with offshore teams
• Translates user needs into technical specifications by understanding conceptualizing and facilitating technical requirements from user.
• Performs preventative and corrective maintenance troubleshooting and fault rectification of system and core software components.
• Ensures that code/configurations adhere to the security logging error handling and performance standards and non-functional requirements.
• Evaluates new technologies for fit with the program/system/eco-system and the associated upstream and downstream impacts on process data and risk.
• Follows release management processes and standards and applies version controls.

Qualifications:

• Quality Assurance and Testing.
• Cloud computing.
• Microservices.
• Technology Business Requirements Definition Analysis and Mapping.
• Programming.
• Applications Integration.
• System Development Lifecycle.
• Troubleshooting.
• System and Technology Integration.
• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Deep knowledge and technical proficiency gained through extensive education and business experience.

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performance-based incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting positive change for our customers our communities and our people. By working together innovating and pushing boundaries we transform lives and businesses and power economic growth around the world.

As a member of the BMO team you are valued respected and heard and you have more ways to grow and make an impact. We strive to help you make an impact from day one for yourself and our customers. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From in-depth training and coaching to manager support and network-building opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others differences we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.