As a Payments Risk Analyst, you’ll play a key role in protecting the Bank’s payments operations by identifying and mitigating risks related to fraud, AML, and internal processes. You’ll monitor transactions, manage alerts and cases, and collaborate with internal teams and external partners to ensure compliance with regulatory requirements and alignment with the Bank’s risk appetite. You’ll also support Kotapay’s Third Party Risk Management (TPRM) program through due diligence, ongoing monitoring, and periodic risk assessments of external vendors.

This is an in-office position.

Compensation: $32.39/hr to $45.35/hr

Key Responsibilities:

Payments Risk (Fraud/AML):

• Complies with and stay current on all relevant policies, procedures, and regulatory requirements.
• Monitor and analyze payment activity to identify unusual or suspicious transactions, decisions alerts and cases within established SLAs.
• Escalate suspicious activity per Kotapay procedures and regulatory guidelines.
• Support optimization of the automated AML platform by testing, making suggestions for refining rules, and improving workflows.
• Use data analytics to identify emerging fraud and AML risks; recommend new rules and mitigation strategies.
• Assist in developing and maintaining desktop procedures for Payments Risk processes.
• Conduct post-launch regression testing on new products to validate program parameters, transaction limits and risk controls.
• Interview customers to understand account behavior and support investigations.
• Contribute to special projects, critical casework, and other assigned duties.

Third Party Risk Management (TPRM):

• Review due diligence materials from third parties related to payments partners, platforms, and products.
• Monitor third-party relationships and conduct periodic risk assessments.
• Interpret and apply regulatory guidance (e.g., FFIEC, FDIC, OCC) to third-party oversight.
• Support tracking, reporting, and documentation for TPRM activities.

Qualifications:

• Associate’s degree in finance, business administration, or related field; or 3+ years of experience in payments risk, fraud prevention, or BSA/AML compliance; or equivalent combination of education and experience.
• Strong knowledge of BSA/AML regulations (e.g., USA PATRIOT Act, OFAC, CIP/CDD).
• Familiarity with consumer protection regulations (e.g., UDAAP, Regulation E, GLBA).
• Understanding of NACHA rules, card network requirements, and payments industry standards.
• Experience with AML and fraud detection systems (e.g., Actimize, Verafin, Unit21).
• Proficiency in Microsoft Office (Word, Excel).

Competencies:

• Ability to interpret and apply regulatory guidance related to Third Party Risk
• Strong understanding of payment products (ACH, wallet, RTP, payment cards)
• Analytical mindset with data-driven decision-making skills
• Excellent organizational and time management abilities

If you are interested in learning more, you can apply or if you have questions before applying you can reach out directly at TalentAcquisition@FIBT.com.

Equal Opportunity Employer