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Payment Risk Manager Jobs in Wisconsin (NOW HIRING)

Risk Manager

Madison, WI

$118K - $143K/yr

Process invoices for payment. Monitor fund activity and recommend remedial action as required ... Various methods and systems of governmental insurance and risk management. Computer software ...

Risk Manager

Madison, WI · On-site

$118K - $143K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • PTO

Process invoices for payment. Monitor fund activity and recommend remedial action as required ... Associate's (or higher level) degree in insurance, risk management, economics, business ...

Property Manager

Kenosha, WI · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Manage daily site operations, resident relations, customer service, and issue resolution * Enforce ... payment Risk and Safety * Ensure all incidents, injuries, property damage, and emergencies are ...

Fraud Risk Analyst

Milwaukee, WI

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... payments, digital, authentication, and the end-to-end account lifecycle. This role combines ... Manage multiple assignments and priorities while meeting established deadlines. Basic ...

Electronic Payments Supervisor

Eau Claire, WI · Hybrid

$75K - $86K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Strong knowledge of payment operations and regulatory compliance, including electronic payments, ACH, wires, debit and credit cards, audit requirements, risk management practices, and safeguarding ...

Electronic Payments Supervisor

Eau Claire, WI · On-site

$75K - $86K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Strong knowledge of payment operations and regulatory compliance, including electronic payments, ACH, wires, debit and credit cards, audit requirements, risk management practices, and safeguarding ...

Electronic Payments Supervisor

Eau Claire, WI · Hybrid

$75K - $86K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Strong knowledge of payment operations and regulatory compliance, including electronic payments, ACH, wires, debit and credit cards, audit requirements, risk management practices, and safeguarding ...

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Payment Risk Manager information

What does a payment risk manager do?

A Payment Risk Manager is responsible for identifying, assessing, and mitigating risks related to payment transactions within a company. They develop strategies to detect and prevent fraud, monitor payment activities, ensure compliance with relevant regulations, and analyze transaction data to identify suspicious patterns. Their work helps protect both the organization and its customers from financial losses and ensures secure and efficient payment processes.

What are some common challenges a payment risk manager faces when implementing fraud prevention strategies?

Payment Risk Managers often encounter challenges balancing effective fraud prevention with a smooth customer experience. Implementing robust controls can sometimes result in false positives, inadvertently blocking legitimate transactions and frustrating customers. Additionally, staying ahead of constantly evolving fraud tactics requires continuous learning and adaptation, as well as close collaboration with IT, compliance, and customer support teams. Regularly updating risk models and fostering communication across departments are key to addressing these challenges effectively.

What are the key skills and qualifications needed to thrive as a payment risk manager, and why are they important?

To thrive as a Payment Risk Manager, you need a strong background in finance, risk assessment, data analysis, and a relevant degree in business, finance, or a related field. Familiarity with payment processing systems, fraud detection tools, and risk management software, as well as certifications like Certified Fraud Examiner (CFE), are typically required. Excellent problem-solving, critical thinking, and communication skills help professionals stand out in this role. These skills and qualifications are crucial for effectively identifying, mitigating, and preventing payment risks, ensuring financial security and compliance within organizations.

What is the difference between Payment Risk Manager vs Credit Analyst?

AspectPayment Risk ManagerCredit Analyst
Required CredentialsBachelor's degree, certifications like CRCM or RMA often preferredBachelor's degree in finance, economics, or related field; certifications like CFA or credit analysis courses
Work EnvironmentFinancial institutions, payment processing companies, e-commerce firmsBanks, lending institutions, credit bureaus
Employer & Industry UsageFocuses on managing payment fraud and risk in transaction environmentsEvaluates creditworthiness of individuals or businesses for lending decisions

The Payment Risk Manager primarily focuses on mitigating risks associated with payment transactions, while the Credit Analyst assesses creditworthiness for lending. Both roles require financial knowledge and analytical skills but serve different aspects of financial risk management.

Do payment risk managers make good money?

Payment risk managers typically earn a competitive salary that varies based on experience, location, and industry. They often receive additional benefits and may advance to higher roles such as risk director or compliance officer, increasing earning potential. Certification in risk management or related fields can also enhance salary prospects.

Is a Payment Risk Manager a stressful job?

A Payment Risk Manager role involves monitoring and analyzing financial transactions to detect fraud and mitigate risks, which can be stressful during high transaction volumes or when managing urgent issues. The job requires attention to detail, problem-solving skills, and often involves working under tight deadlines, but workload and stress levels vary by organization and individual experience.

What are popular job titles related to Payment Risk Manager jobs in Wisconsin?

For Payment Risk Manager jobs in Wisconsin, the most frequently searched job titles are:

What job categories do people searching Payment Risk Manager jobs in Wisconsin look for?

The top searched job categories for Payment Risk Manager jobs in Wisconsin are:

What cities in Wisconsin are hiring for Payment Risk Manager jobs?

Cities in Wisconsin with the most Payment Risk Manager job openings:

$118K - $143K/yr

Full-time

Posted 17 days ago


Job description

General Description UPDATE: THE COMPENSATION RANGE FOR THIS POSITION WAS CORRECTED ON 8/5/2026 The Risk Manager is a highly responsible managerial position that works in developing and administering the City's risk management program which includes, but is not limited to: the City's liability, property and workers' compensation programs; employee safety programs; and contract review. The position oversees the City's Safety Coordinator, Administrative Services Supervisor, and Risk Manager Assistant. Work is performed under the general supervision of the City Finance Director and is characterized by considerable independent judgment.

This position is regularly scheduled for 38.75 hours per week. IMPORTANT: A COMPLETE APPLICATION WILL INCLUDE A COVER LETTER (MAXIMUM OF TWO (2) PAGES) THAT ADDRESSES BOTH OF THE FOLLOWING POINTS: 1) Describe how your experience, knowledge, skills, and abilities have prepared you for this role; 2) Describe your approach to leadership. If your submission exceeds two pages, only the first two pages will be considered

**Applications received without the required cover letter will immediately be removed from consideration** For more information about the Finance Department, please visit https://www.cityofmadison.com/finance. Employees may be eligible for loan forgiveness through the Public Service Loan Forgiveness Program. Black, Indigenous, people of color, women, trans, nonbinary, and individuals with disabilities are encouraged to apply

We value the unique blend of lived experiences and diverse perspectives that comes from non-traditional education pathways and the variety of transferrable skills each candidate brings to the table. We value diversity, equity, inclusion, and belonging. Even if every item on the job posting doesn't match your experience perfectly, we encourage you to apply and share how your skills and experience can best serve our community.

Examples of Duties and Responsibilities Develop, Administer, and Oversee the City of Madison Risk Management Program Develop and oversee a risk management program which includes utilization of deductibles and large retentions, self-insurance, financial plans, and reinsurance. Prepare and/or contribute to strategic planning efforts in relationship to the insurance needs of the City. Administer the City's insurance program incorporating the purchase, renewal, claims oversight and policy detail for the City's and Community Development Authority (CDA)'s liability, property, worker's compensation, crime, and other miscellaneous coverages.

Represent the City and CDA in related negotiations. Provide necessary liaison between the City and Wisconsin Municipal Mutual Insurance Company (WMMIC) and Municipal Property Insurance Company (MPIC). Participate in related committee efforts, as assigned.

Review Claims and Represent City in Subrogation Claims Review liability and property claims against the City and CDA for referral to appropriate carrier. Adjust and pay prescribed property damage claims through the City's Insurance Fund. Prepare related information for City attorneys, outside counsel and insurance adjusters.

Represent/oversee City's subrogation efforts related to City vehicles and other property. Follow up to ensure claims are processed in an appropriate and timely manner. Manage the City's workers' compensation program, including managing the City's claim Third-Party Administrator (TPA).

Participate in settlement discussions, mediations, hearings and trials regarding liability, property and workers' compensation claims. Investigate liability and property claims and prepare claims for filing with carriers. Discuss claims with claimants and provide information on how to file a claim and the City's liability.

Review of City Contracts and Ordinances Review City contracts for relevant risk management provisions. Review, approve, and make changes to contracts with language affecting risk management. Review, approve, and make changes to draft contracts for insurance and indemnification language.

Review and offer changes to City ordinances in the area of insurance and indemnification. Review insurance certificates to determine compliance with contract and City permit requirements. Administer the City Insurance and Workers' Compensation Funds Establish premiums for departmental contributions.

Estimate necessary reserves for future claims handling. Process invoices for payment. Monitor fund activity and recommend remedial action as required.

Provide assistance in related budgeting efforts. Coordinate City Loss Prevention Efforts Manage the City's Safety Coordinator. Serve as the City's HIPAA Security Officer.

Coordinate loss prevention efforts within assigned program areas. Meet with agencies to share loss prevention data and recommend methods to reduce risk, both with managers and within appropriate committee structures. Review City loss control policies.

Serve in an advisory capacity on department safety committees. Provide training on City policies and claim reporting policies. Perform other related duties as required Minimum Qualifications Four (4) years of experience in applying the following: Theory, principles, practices, methods, and markets of liability property, casualty, and other types of commercial insurance.

State and federal laws and ordinances relating to insurance management including rules, rates, forms, policy coverage, and statutory regulations. Various methods and systems of governmental insurance and risk management. Computer software applicable to the duties of the position; AND Two (2) years of experience in applying the following: Insurance industry principles, practices, and methods relative to pricing, loss ratios, claims procedures, loss prevention, etc.; AND The full range of principles and practices related to supervision, labor relations, and personnel management

-OR- Four (4) years of responsible professional experience in the administration of a directly related insurance program; AND Associate's (or higher level) degree in insurance, risk management, economics, business administration, or a closely related field. Other equivalent combinations of training and/or experience which can be demonstrated to result in the possession of the knowledge, skills, and abilities necessary to perform the duties of this position will also be considered. The City of Madison strives to provide exceptional customer service to all its residents and visitors.

Therefore, successful candidates will have demonstrated ability to effectively work with multicultural communities. For a complete list of the Knowledge, Skills, and Abilities, please see the class specification. Please note that the class specification is in the process of being updated due to a reclassification of this position from Compensation Group 18/Range 15 to Compensation Group 18/Range 17.

Special Requirements Ability to meet the transportation requirements of the position. The employee may be expected to attend meetings and provide presentations outside the normal work schedule, including evenings and weekends. Physical Requirements: Work in this position is primarily sedentary, requiring the ability to sit/stand at a desk, work on a computer, and use a monitor for extended periods of time.

The employee will be expected to physically visit other City departments and worksites throughout the City in order to meet with staff, assist with safety studies, perform property inspections, take pictures, and perform other needs. This may involve walking over various terrains, including hilly, muddy, and snowy terrain. Work may be performed in all weather conditions and may involve dangerous chemicals, heavy machinery, and other hazardous conditions.