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Bridgewater Bank · 1 month ago

Payment Risk Analyst

St Louis Park, MN

Full-time

Hybrid

Mid Level

$64K/yr - $75K/yr

3+ years exp

Bridgewater Bank is seeking a Payment Risk Analyst to join their Operations team in St. Louis Park. The role involves conducting comprehensive risk reviews for clients utilizing Treasury Management products, with a focus on identifying and mitigating risks while ensuring regulatory compliance.

BankingFinanceFinancial ServicesReal Estate

Growth Opportunities

Responsibilities

Conduct probationary and annual risk reviews for Treasury Management clients, ensuring thorough due diligence and documentation of findings

Maintain knowledge of ACH payment systems, including origination, returns, risk controls, and regulatory compliance requirements

Evaluate and document client-specific risk factors and emerging trends; communicate insights and recommendations to relevant stakeholders

Identify and document high-risk clients, recommending additional controls or mitigation strategies as needed

Collaborate with the Treasury Management team to develop and implement corrective action plans for clients not adhering to bank protocols

Educate clients on Treasury Management product risks, industry best practices, and current fraud trends to promote secure usage

Analyze transaction alerts and investigate anomalies in client activity; escalate concerns to management when appropriate

Perform periodic limit reviews for clients utilizing ACH Origination, Remote Deposit Capture (RDC), and Business Mobile Capture

Assist in the completion of the annual ACH Risk Assessment and ACH Audit, ensuring compliance with NACHA and internal standards

Track ACH return ratios and communicate findings to internal departments to support client education and risk reduction

Perform additional duties, special projects and Ad Hoc reporting as assigned to support department goals and regulatory compliance

Qualification

Payment systems knowledgeRegulatory compliancePIQS softwareACH servicesCash Management productsCustomer service skillsMicrosoft Office proficiencyFiserv softwareOrganizational skillsInterpersonal communicationTime-management skillsAttention to detailProblem-solving ability