---
title: 'Senior Analyst, Fraud Strategy at Momentum Financial Services Group'
canonical: 'https://feeny.ai/job/senior-analyst-fraud-strategy-momentum-financial-services-group-toronto-wp4dg1rqmn0b'
type: 'job'
last_seen: '2026-09-11'
---

# Senior Analyst, Fraud Strategy at Momentum Financial Services Group

- **Company:** Momentum Financial Services Group
- **Location:** Toronto, Canada
- **Posted:** 2026-07-30
- **Last confirmed live:** 2026-09-11
- **Apply:** https://job-boards.greenhouse.io/momentumfinancialservicesgroup/jobs/5374320008

## Job description

## Who We Are

At Momentum Financial Services Group, we help people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we’re the team behind Money Mart—Canada’s largest non-bank branch network and a leader in financial solutions for underserved communities.

From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that connect over a million customers a year to the money they need, when they need it.

At MFSG, we come together across teams and departments to create something bigger than ourselves: solutions that remove barriers and give people access to money they might not get anywhere else. Whether you're solving problems, building systems, or shaping strategy, your work fuels real support for real people.

We’ve Got You Covered

- Compensation Philosophy: Our strategy is simple—we aim to match the market. We regularly review industry standards to ensure our total rewards package is competitive and fair. This commitment helps us attract and retain talented individuals who share our purpose.
- Discretionary Annual Bonus: Enjoy the opportunity for a discretionary bonus based on individual performance and company success.
- Comprehensive Benefits: Our benefits include health and dental plans with 100% of the premiums covered. We also offer an Employee Assistance Program to support your mental well-being and provide resources for personal challenges.
- Retirement Plans: Plan for your future with our robust retirement savings options, ensuring you’re set for the long haul.
- Hybrid Work Environment: Experience the best of both worlds with our hybrid work model, allowing you to balance remote work with in-office. When you're at our corporate head office, enjoy a relaxed and collaborative environment featuring breakout rooms for brainstorming and unwinding, plus a variety of snacks to keep you energized throughout the day.
- Perks and Rewards: Enjoy reimbursement for tuition assistance and professional development, discounts through Perkopolis and participate in our rewards and recognition programs to celebrate your contributions.

The Job: Senior Analyst, Fraud Strategy

As a Senior Analyst, Fraud Strategy you will be accountable for the daily fraud prevention activities at Momentum that ensure applicable fraud rules, processes and reporting are in place to fend off fraudulent loans. This involves assessing different types of fraud-related risks for all our consumer lending products across North America, adopting industry-leading solutions, developing/deploying fraud prevention strategies and tracking strategy performance for continuous improvement on loan and credit card origination fraud avoidance.

How You’ll Make an Impact:

- Develop and monitor fraud-related dashboards, detect risky signals and conduct analysis to uncover underlying drivers.  Develop and implement fraud strategies leveraging data, advanced analytics tools and business acumen to mitigate fraud losses and maintain optimal customer experience

- Optimize existing strategies effectively to control fraud risks including stolen/forged identity and first-party malicious intent. Design A/B tests and understand the risk and customer experience trade-offs.

- Identify automation opportunities in day-to-day data extraction, performance tracking and analysis, and execute on them to improve productivity.

- Continue to innovate by testing new data, analytics approaches and models. Communicate findings and recommendations effectively to all levels of management

- Partner with Credit, Product, Ops, IT, and external vendors to implement solutions/strategies and monitor their performance

- Assess and implement fraud mitigation strategies that effectively minimize losses.

Education + Experience

- Bachelor's or Master's degree in a relevant field such as Decision Science, Data Science, Mathematics, Statistics, Computer Science, Engineering, Finance, or Economics.

- Required; 3+ years of experience in fraud risk management focusing on strategy, implementation and launching fraud prevention and detection solutions for Fintech, Banking, or other e-commerce.

- Familiarity with 3rd-party Fraud prevention solutions, preferably within the financial services industry. Proven track record in acquisition/origination fraud and credit management space.

- Understand the organizational and financial impact of decisions, ensuring actions are aligned with business objectives.

- Strong strategic thinking with ability to provide insights and provide recommendations to drive continuous improvements to strategies and mitigate risk.

- Ability to work independently, while seeking guidance when needed.

- Collaborate effectively with colleagues, providing coaching and problem-solving support to enhance team performance.

- Shares information effectively with peers and stakeholders. Listens actively and resolves basic misunderstandings.

- Handles moderately complex problems by analyzing data and applying judgment within defined methods.

- Experience working at consumer lending companies in the U.S. is a plus.

Please note: The salary range for this position is between C$ 95,000 - C$ 105,000.

Ready to apply your fraud strategy expertise to make a real impact? Join us and help shape the future of risk at MFSG. Apply today and let’s build the future of MFSG, together.

Committed to Equal Opportunity:

MFSG is committed to accommodating applicants up to the point of undue hardship during the recruitment, assessment and selection process. If you are selected for an interview, please notify MFSG if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, MFSG will work with you to determine how to meet your needs.

Please note: The salary range for this position is between C$ 95,000 - C$ 105,000.

About MFSG – Our Commitment to Responsible Innovation

At MFSG, we are committed to building innovative solutions grounded in ethical, transparent, and responsible use of data and technology. Aligned with the principles outlined in Canada’s Artificial Intelligence and Data Act (AIDA), we take a proactive approach to ensuring that any AI or data-driven systems we use are safe, fair, and accountable.

This posting is for a current position within our organization, offering the opportunity to contribute to meaningful, responsible innovation that supports our employees, clients, and communities.

We prioritize strong data governance, clear communication around how systems work, and safeguards that reduce risks and protect individuals. Our focus is on developing tools and processes that promote equity, reliability, and trust, supported by ongoing monitoring and continuous improvement.

Joining MFSG means contributing to a future-focused organization that values both innovation and integrity, where your work helps shape solutions that responsibly support our employees, clients, and communities.

## About Momentum Financial Services Group

## Company Overview
- **One-liner**: Momentum Financial Services Group is one of North America’s largest providers of alternative financial solutions, operating the Money Mart® brand that delivers immediate, accessible lending and money‑services to underbanked consumers.
- **Entity Type**: Private (owned by private‑equity firm Lone Star Funds)
- **Headquarters**: Toronto, Ontario, Canada
- **Founded**: 1982 (as Money Mart in Alberta, Canada)
- **Founders**: Not publicly available

## Core Business
- **Primary industry**: Alternative financial services / consumer lending
- **Target customers**: B2C – underbanked and underserved individuals who need fast access to cash, short‑term loans, cheque cashing, and money transfers
- **Mission/purpose**: “To connect people with money when they need it the most.”

## Products & Services
- **[Money Mart (Store & Digital)]**: Multi‑channel platform offering cash advances, installment loans, cheque cashing, prepaid Visa cards, and MoneyGram money transfers. Available in‑store, online, and via mobile app.

## Market Standing
- **Valuation/Market Cap**: Not disclosed (private company)
- **Key Metrics** (from corporate website):
  - ~1 million customers served per year
  - 1,500+ branches across North America
  - 420+ employees
  - 40+ years of lending experience
  - #1 brand awareness in money services in Canada (Money Mart)
- **Notable Investors/Partners**:
  - **Owner**: Lone Star Funds (acquired in 2014)
  - **Partners**: MoneyGram (money transfer), Dollar Financial Corp (historical acquisition)
- **Growth Signals**:
  - New CEO Peter Kalen joined in 2023 and moved headquarters to Toronto, signalling a strategic refresh.
  - Aggressive hiring across technology roles (Cloud Security Engineer, Full‑Stack Developer, Data Scientist, Site Reliability Engineer) as seen on their Greenhouse careers page.
  - Emphasis on building a digital platform alongside the physical branch network.

## Competitive Advantages
- **Omnichannel network**: Largest non‑bank branch network in Canada (450+ locations) plus 200+ U.S. stores, combined with a growing online/mobile app.
- **Strong brand recognition**: Money Mart enjoys top‑of‑mind awareness in Canada for alternative money services.
- **Decades of underbanked expertise**: 40+ years of serving customers who are often ignored by traditional banks, with products designed for quick, responsible liquidity.
- **Regulatory compliance**: Focus on transparency and integrity, distinguishing from less‑regulated competitors.

## Strategic Focus
- **Digital transformation**: Investing in technology to unify in‑store and digital experiences, enabling customers to “move up the credit spectrum” over time.
- **Product innovation**: Expanding into credit cards and other products that help customers build credit history.
- **Operational efficiency**: Streamlining processes through data analytics, fraud strategy, and automation (evident from hiring for data science and business process roles).

## Why Work Here
- **Culture & values**: Emphasizes teamwork (“We Win As A Team”), customer compassion, integrity, and inclusion. DEIB is a stated priority.
- **Work policy**: Flexible hybrid environment; roles in Toronto, Hyderabad (India), and remote for some U.S. positions.
- **Benefits**: Competitive compensation, discretionary bonuses, excellent medical/dental/vision, 24/7 employee assistance program, robust retirement savings, professional development reimbursement.
- **Growth opportunities**: Many leaders started in store roles and advanced; the company promotes from within. Employees work on products that directly improve financial access for real people.

## Sources
1. [mfsg.com](https://www.mfsg.com/about-us) – About Us, Leadership, History
2. [mfsg.com](https://www.mfsg.com/) – Corporate Information (metrics, mission)
3. [mfsg.com](https://www.mfsg.com/careers) – Careers page (values, benefits, brand details)
4. [job‑boards.greenhouse.io](http://job-boards.greenhouse.io/momentumfinancialservicesgroup) – Current job openings (tech roles, locations)
5. [linkedin.com](https://ca.linkedin.com/company/momentum-financial-services-group) – LinkedIn company page (active jobs, industry)

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