Risk Systems Analyst
About The Position
The Risk Systems Analyst supports the design, monitoring, optimization, and governance of anti-money laundering (AML) and fraud detection systems used to identify, investigate, and prevent suspicious activity across banking channels. The role is part of the Risk Management team and reports through the Deputy Compliance Officer. It works closely with Fraud Operations, AML/CFT, Compliance, Information Technology, Application Support, Deposit Services, Money Desk, Contact Center, business leaders, and the Business Transformation Office to strengthen fraud controls, improve detection accuracy, streamline detection and recovery processes, reduce financial losses, and protect customers. The analyst monitors fraud and AML/CFT detection systems, analyzes transaction patterns and alert activity, and identifies opportunities to improve risk detection and response. Work includes reviewing debit card, ACH, wire, and online banking activity; troubleshooting system issues with Technology and Application Support; refining detection rules; validating system enhancements; developing reports and dashboards; documenting system changes; and providing analysis for audits, regulatory reviews, and risk management. The role tracks emerging fraud schemes, payment-channel risks, and regulatory changes and uses this information to recommend improvements to detection strategies and system capabilities. It also works with vendors on system upgrades, release testing, access reviews, data quality validation, and business continuity planning. The analyst coordinates model validation activities, including documentation, data validation, control reviews, issue tracking, and remediation follow-up.
Requirements
- Bachelor’s degree in business, finance, accounting, information systems, data analytics, criminal justice, or a related field, or an equivalent combination of education and relevant experience.
- Two to four years of experience in banking, fraud operations, financial crimes, risk management, systems analysis, payment operations, or a related financial services function.
- Working knowledge of AML/CFT and fraud detection systems, transaction monitoring tools, case management platforms, digital banking systems, core banking systems, or related financial technology applications.
- Understanding of common banking fraud typologies, including card, ACH, wire, and check fraud; account takeover; identity theft; deposit fraud; and online/mobile banking fraud.
- Strong analytical skills and ability to interpret transaction data, system outputs, alert trends, operational metrics, and exception reporting to identify risks and recommend improvements.
- Experience supporting system configuration, business requirements, testing, issue resolution, process documentation, or vendor/application support activities.
- Proficiency with Microsoft Excel and reporting tools, including the ability to create, validate, and explain reports, dashboards, and trend analyses.
- Ability to communicate clearly with technical and non-technical stakeholders, including Fraud Operations, Information Technology, Compliance, Risk, Audit, vendors, and line-of-business partners.
- Knowledge of bank regulatory expectations, internal controls, audit standards, information security practices, and customer privacy and confidentiality requirements.
- Strong attention to detail, sound judgment, problem-solving ability, organizational skills, and ability to manage multiple priorities in a time-sensitive fraud prevention environment.
Responsibilities
- Monitor fraud and AML/CFT detection systems and analyze transaction patterns and alert activity.
- Review trends in debit card, ACH, wire, and online banking activity to identify risks and opportunities to improve detection and response.
- Partner with Technology and Application Support to troubleshoot system issues, refine detection rules, and validate system enhancements.
- Develop reports and dashboards, document system changes, and provide analysis for audits, regulatory reviews, and ongoing risk management.
- Monitor emerging fraud schemes, payment-channel risks, and regulatory changes and recommend improvements to detection strategies and system capabilities.
- Collaborate across bank teams to strengthen fraud prevention and improve detection and recovery processes.
- Work with vendors on system upgrades, release testing, access reviews, data quality validation, and business continuity planning.
- Coordinate model validation activities, including documentation, data validation, control reviews, issue tracking, and remediation follow-up.
Benefits
- Medical, dental, vision, short-term disability, long-term disability, and life insurance
- 17 days of paid time off, 11 paid holidays, and bereavement leave
- Educational assistance program
- Wellness benefits
- Life event coverage
- Paid parental bonding leave
- Service awards
- 401(k) match
- Stock purchase plan
- National and local discounts on computers, vacations, phones, and retail shopping
- Logo wear discounts
- Free checking account, checks, and discounted bank services
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
