Wealthsimple

Associate, Fraud Strategy & Analytics

Remote

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Financial ServicesIndustries

Job Description

Employment Type: Permanent Full Time

Position Overview

Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining how they manage their money. We leverage smart technology to make financial services transparent and low-cost. As Canada's largest fintech company, we serve over 4 million users with more than $70 billion in assets. Our teams are focused on innovation, collaboration, and creating inclusive, high-performing environments.

About the Team

The Fraud team is dedicated to enabling Wealthsimple's safe growth by balancing fraud risk and client experience. Our mission is to minimize losses while creating seamless client interactions. We utilize data and analytics to drive rational decision-making.

In this role, you will tackle ambiguous problems in a fast-paced environment, shipping and iterating new features. You will collaborate with seasoned engineers, product managers, and data scientists. Your contributions will be crucial in delivering business cases, real-time fraud defenses, financial modeling, data visualization, and ML decision thresholds. You will work at the forefront of new feature launches, collaborating with product, technology, and risk teams to mitigate millions of dollars in attempted fraud annually and protect the financial security of over 4 million clients.

Responsibilities

In this role, you'll have the opportunity to:

  • Build data-driven business cases around fraud strategies to manage risk on new and existing products.
  • Partner with data science, product, and engineering teams to bring your ideas to market.
  • Create metrics and visualizations to monitor account activity, using judgment skills to uncover anomalous patterns.
  • Share fraud trends and performance with leadership.
  • Apply financial modeling to estimate the fraud loss impact of new feature launches.
  • Develop grounded decision thresholds using ML-based risk scores.

Requirements

What you'll bring:

  • Strong data skills, with applied experience and demonstrated success in academic and/or professional settings.
  • Experience in structuring ambiguous problems, using data for quantitative and qualitative analysis, and synthesizing results into actionable proposals.
  • Ability to develop and communicate stories to both technical and non-technical stakeholders.
  • Capacity to internalize and weigh information to make balanced decisions.
  • Intellectual curiosity and passion for your work.

Preferred Qualifications

  • Experience working with large datasets and languages like SQL, R, or Python.
  • Experience working with data visualization software such as Tableau, Looker, PowerBI, etc.
  • Experience working with databases like Snowflake, Redshift, MySQL.

Why Wealthsimple?

  • 💰 Competitive salary with top-tier health benefits and life insurance.
  • 📈 Retirement savings matching plan using Wealthsimple for Business.
  • 🌴 20 vacation days per year and unlimited sick and mental health days.
  • 📚 Up to $1,500 per year towards wellness and professional development budgets respectively.
  • 🛫 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year.
  • 🌎 A wide variety of peer and company-led Employee Resource Groups (e.g., Rainbow, Women of Wealthsimple, Black @ WS).
  • 💖 Company-wide wellness days off scheduled throughout the year.

We’re a remote-first team with over 1,000 employees across North America. Join us to be part of our Canadian success story and help shape the financial future of millions!

Read our Culture.

Skills

Fraud Strategy
Data Analytics
Financial Modeling
Data Visualization
Machine Learning
Risk Management
Business Cases

Wealthsimple

Digital platform for investing and financial management

About Wealthsimple

Wealthsimple provides a range of financial tools that help individuals manage their money effectively. Their services include automated investing, where users can set up investment accounts that automatically adjust based on market conditions, and commission-free stock trading, allowing users to buy and sell stocks without paying fees. They also offer cryptocurrency investments for those interested in digital currencies and a straightforward tax filing service that is designed to be quick and user-friendly. Wealthsimple stands out from its competitors by focusing on young professionals and tech-savvy individuals, providing a digital platform that is easy to navigate and understand. The company's goal is to simplify financial management, making it accessible to everyone by using technology to create a more personal and approachable experience in finance.

Toronto, CanadaHeadquarters
2014Year Founded
$826.6MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Life Insurance
401(k) Company Match
401(k) Retirement Plan
Paid Vacation
Unlimited Paid Time Off
Professional Development Budget
Wellness Program
Remote Work Options
Paid Holidays

Risks

Increased competition from zero-commission brokers could erode Wealthsimple's market share.
Invite-only rollout of Wealthsimple Cash may limit user adoption and growth.
Rapid cryptocurrency adoption pressures Wealthsimple to innovate its offerings continuously.

Differentiation

Wealthsimple offers a human-centric approach to finance with user-friendly digital tools.
The company provides a seamless platform for investing, trading, saving, and tax filing.
Wealthsimple targets young, tech-savvy professionals seeking accessible financial management solutions.

Upsides

Wealthsimple's AUA reached $50 billion, indicating strong market presence and growth potential.
The rise of AI-driven advisory services can enhance Wealthsimple's personalized investment offerings.
Fractional shares' popularity aligns with Wealthsimple's target demographic, boosting user acquisition.

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