Risk Systems Analyst

German American Bank•Owensboro, KY

57d

About The Position

As a Risk Systems Analyst on the Risk Management team, you will help design, monitor, optimize, and govern AML and fraud detection systems used to identify, investigate, and prevent suspicious activity across banking channels. The role reports through the Deputy Compliance Officer and works with teams across the bank to strengthen fraud controls, streamline detection and recovery processes, improve detection accuracy, reduce financial losses, and protect customers. The work includes monitoring fraud and AML/CFT systems; analyzing transaction patterns and alert activity; reviewing risk trends across debit card, ACH, wire, and online banking activity; and identifying opportunities to improve detection and response. You will collaborate with Technology and Application Support to troubleshoot issues, adjust detection rules, and validate system enhancements. You will develop reports and dashboards, document system changes, and provide analysis for audits, regulatory reviews, and ongoing risk management. You will monitor emerging fraud schemes, payment-channel risks, and regulatory changes and recommend improvements to fraud detection strategies and system capabilities. The role also involves working with vendors on system upgrades, release testing, access reviews, data quality validation, and business continuity planning. You will coordinate 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.
Minimum of 2–4 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 fraud, ACH fraud, wire fraud, 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 risk and opportunities to improve detection and response.
Partner with Technology and Application Support to troubleshoot system issues, fine-tune detection rules, and validate system enhancements.
Develop reports and dashboards, document system changes, and provide analysis for audits, regulatory reviews, and risk management.
Track emerging fraud schemes, payment-channel risks, and regulatory changes, and recommend improvements to fraud detection strategies and system capabilities.
Collaborate with teams across the bank to strengthen fraud prevention and improve fraud 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.
Financial benefits including a 401(k) match and 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.