Payments Risk Analyst

First International Bank & Trust

Job Location:

Sioux Falls, SD - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

First International Bank and Trust is a family-owned community bank and one of Prairie Business Magazines 50 best places to work.

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

This is an in-office position.

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:

Associates 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

First International Bank and Trust is a family-owned full-service Community Bank with locations in ND MN SD and AZ.

We show our employees we care by providing competitive benefits and training and growth opportunities. Here are the things we offer within our full-time benefits package:

Health Dental & Vision
401K Retirement Plan with Employer Match
Paid Parental Leave
Life and Disability Insurance
Generous PTO and Holiday pay

If you are interested in learning more you can apply or if you have questions before applying you can reach out directly at

Equal Opportunity Employer

Required Experience:

First International Bank and Trust is a family-owned community bank and one of Prairie Business Magazines 50 best places to work.As a Payments Risk Analyst youll play a key role in protecting the Banks payments operations by identifying and mitigating risks related to fraud AML and internal processe...