BankIn Minnesota · 1 day ago
Payments Analyst
Roseville, MN
Full-time
Hybrid
Mid Level
$70K/yr - $120K/yr
3+ years expNorth American Banking Company is seeking a Payments Analyst to provide administrative and technical support for the Enhanced Risk Payments Program. The role involves monitoring customer activity, conducting investigations on suspicious transactions, and assisting with compliance reporting.
BankingCustomer ServiceFinancial ServicesNon Profit
Responsibilities
Monitors daily statistical information for Enhance Risk Payments (ERP) customers and investigates any abnormalities, suspicious activity, or large variances in activity
Performs public searches and use various tools employed by the bank to ensure transactions conducted by ERP customers are not suspicious from a BSA/AML perspective or unfair, deceptive, or abusive from a UDAAP perspective
Conducts in-depth and detailed investigations on the high risk customer when suspicious activity is detected and assists the compliance department in filing suspicious activity reports with FinCEN
Reviews existing high risk customers and prospective high risk customer documentation to determine if the customer and the customers’ occupation or type of business meets bank standards from a BSA/AML perspective
Researches and resolves bank/customer specific problems and questions relating to the ERP program and its requirements/standards
Responsible for development and production of reporting for senior management and Board of Directors
Assists with annual risk assessments for ERP customers, including onsite review preparation, documentation, and follow-up on findings
Assists with implementation of operational changes/enhancements, including reporting tools, processing routines, etc
Completes verification of ERP customer new account set up on bank systems and ensures documentation complies with bank’s policies and procedures
Develops and maintains procedures for ERP processing functions
Performs other projects and tasks as assigned
Qualification
Required
Bachelor's degree from a four-year college or university; or three to five years related experience and/or training; or equivalent combination of education and experience
Strong working knowledge of ACH and BSA/AML
Strong working knowledge of bank operational processes
Working knowledge of MS Office Suite of products
Working knowledge of the investigative methods, procedures and documentation standards
Ability to use analytical skills to solve practical and technical problems and work with a variety of concrete and unknown variables in situations where only limited standardization exists
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
Ability to write reports, business correspondence and procedure manuals
Ability to effectively present information and respond to questions from individual and groups of managers, clients, customers, and the general public
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume
Ability to apply concepts of basic algebra and geometry
Benefits
An outstanding package of employer paid benefits
Company
BankIn Minnesota
BankIn Minnesota provides members with the resources and advocacy they need to remain independent, effectively compete in the financial industry, grow their banks, and positively impact the economy in their local communities.
2-10 employees
Funding
Current Stage
Early StageLeadership Team
Jim Amundson
President & CEO
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