Fraud Strategy Intern

Who We Are:

Every transaction matters. Every Canadian matters. At Interac, we protect both - driving trust, security, and inclusion, so our digital economy thrives.

Founded in 1984, Interac connects Canadians through secure digital payments, advanced identity verification and industry-leading fraud protection. Connecting banks, businesses, and individuals, Interac enables millions to send, receive, and manage money safely and effortlessly every day - across both digital and physical environments.

As the backbone of Canada’s financial ecosystem, Interac facilitates over 20 million transactions daily, supported by trusted partnerships with government and financial institutions. Consistently ranked as Canada’s most reputable financial technology brand, Interac is deeply embedded in the daily lives of Canadians.

Who You Will Work With:

Reporting to the Leader, Fraud Strategy, you will work alongside professionals responsible for helping shape Interac's approach to fraud risk management across the Canadian payments ecosystem.

Throughout the internship, you will gain exposure to a broad range of fraud management activities, including fraud intelligence, emerging risk assessment, strategic planning, governance, industry engagement, and fraud reporting. You will collaborate with partners across Fraud Management, Product, Analytics, Operations, Risk, Legal, and Compliance while contributing to initiatives that support fraud prevention, detection, response, and ecosystem resilience.

In addition to supporting ongoing team initiatives, you will have the opportunity to lead a defined project focused on fraud knowledge management, fraud intelligence, or another strategic priority, allowing you to take ownership of a meaningful deliverable from planning through completion.

What You Will Do:

• Conduct research on fraud trends, scam typologies, emerging risks, and developments impacting the Canadian payments ecosystem.
• Support the development of fraud intelligence reports, executive briefings, presentations, and strategic materials for internal stakeholders.
• Assist with the organization, maintenance, and enhancement of fraud-related knowledge repositories, documentation, and SharePoint resources.
• Assess how fraud-related information is organized and accessed across the organization and identify opportunities to improve knowledge sharing and collaboration.
• Engage with various stakeholders across Interac including, Product, Fraud Analytics and Countermeasures, Fraud Operations, Enterprise Risk, Legal, and Compliance teams to gather information, requirements, and feedback.
• Compile, analyze, and present findings, trends, and key insights to support fraud strategy initiatives and decision-making.
• Contribute to the planning, coordination, and documentation of fraud governance activities, including meeting materials, action tracking, and communication support.
• Lead a defined term project and present recommendations, key findings, and outcomes to the Fraud Strategy team at the end of the internship.

What You Bring:

• Currently enrolled in a Canadian post-secondary program in Commerce, Business Administration, Criminology/Criminal Justice, Economics/Policies, Political Science, Data Analytics, or related focus.
• Strong research and critical thinking skills, with the ability to gather information, identify key insights, and synthesize findings from multiple sources.
• Excellent written and verbal communication skills, including the ability to present information clearly and tailor messages for different audiences.
• Ability to evaluate opportunities and recommendations through a practical lens, considering trade-offs, effort, cost, resource requirements, and potential impact to support sound decision-making.
• Strong organizational skills and attention to detail, with the ability to manage multiple priorities and maintain documentation.
• Curiosity and a desire to understand complex problems, challenge assumptions, and identify opportunities for improvement.
• Demonstrated initiative, accountability, and ability to work independently while collaborating effectively with team members.
• Proficiency in Microsoft Office Suite (PowerPoint, Word, Excel, Outlook, and Teams).

Although not required, you have some familiarity or previous experience with the following:

• Experience developing presentations, reports, dashboards, or communication materials.
• Familiarity with fraud, scams, financial crime, risk management, cybersecurity, or the Canadian payments ecosystem.
• Experience working with data visualization or reporting tools such as Excel, Tableau, or similar platforms.

What We’re Offering:

The hourly pay rate for this position is $25, and the internship term runs from January to April 2027. The exact amount will depend on factors such as skills, experience, and job-related knowledge. An internship opportunity at Interac also features:

• Flexible hybrid work model with monthly intern socials for better work-life balance
• Convenient downtown Toronto office located minutes away from Union Station
• Interac learning bootcamp designed to help you hit the ground running

Why Join Us?

At Interac, the impact we make, and the people who drive it, is profound. When you become part of our team, you’re joining a purpose-driven organization that’s shaping the future of digital finance in Canada. Here’s what you can expect:

• Investing in the Future - Help us unlock digital prosperity for all Canadians.

• Innovative Thinking - Collaborate on products, practices, and platforms that redefine what’s possible.

• Inclusive Culture - Be empowered to bring your whole self to work and realize your full potential.

• Inspiring Community - Work in an ecosystem where we lift each other up and rise together.

• Intentional Support - Enjoy flexible, supportive offerings that prioritize your total wellness.

Additional Pre-Employment Requirements:

To ensure the integrity of our organization, successful candidates will be required to complete background checks, which may include, Canadian Criminal Credit Check, Canadian ID Cross-Check, Public Safety Verification, 5-year Employment Verification, Education Verification, Credit Check, and Social Media Check.

Equal Opportunity Employer

Interac is also an equal opportunity employer committed to fostering a diverse and inclusive workplace. We believe that innovation thrives when people from different backgrounds, experiences, and perspectives come together. That’s why we are committed to providing fair and equitable employment opportunities for all individuals, without discrimination based on race, color, ancestry, ethnic origin, place of origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, marital or family status, disability, or any other characteristic protected by applicable law.

If you require accommodation during any stage of the application or recruitment process, please contact us at [email protected]. We will work with you to meet your needs.

Please be aware that certain individuals are misusing Interac Corp.’s name and logo to promote fictitious employment opportunities. Interac Corp. never requests, solicits, or accepts any form of payment in exchange for employment. Any such offers are fraudulent and should be disregarded. Interac Corp. assumes no liability for any claims, losses, damages, expenses, or inconveniences arising from or related to these fraudulent activities. Such communications do not constitute an offer or representation by Interac Corp. or its subsidiaries and affiliates.