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Payments Risk Analyst Jobs in Ohio (NOW HIRING)

US Bank

Fraud Risk Analyst

Cincinnati, OH · On-site

We are hiring for an exciting opportunity as a Fraud Risk Analyst 4 within U.S. Bancorp ... Experience within fraud strategy related to online banking and digital payments preferred

Phillipsedison

Claims and Risk Analyst

Cincinnati, OH · Hybrid

Monitor claim status, reserves, payments, and key developments; escalate issues as appropriate ... risk management Core Competencies * Analytical mindset with an interest in understanding loss ...

Sutton Bank

Program Manager Analyst

Mansfield, OH · On-site

... analysis. * Reviews audit and/or examination reports to ensure compliance with policies and ... Attends and participates in Payments Risk Committee meetings. * Assists with the resolution and ...

Sutton Bank

Program Manager Analyst

Mansfield, OH · On-site

... analysis. * Reviews audit and/or examination reports to ensure compliance with policies and ... Attends and participates in Payments Risk Committee meetings. * Assists with the resolution and ...

Fifth Third Bank

ERM Analyst

Cincinnati, OH · On-site

Enterprise Risk Management Analyst This position provides direct support to the Director, Risk ... such payment based upon company, line of business and/or individual performance. Our extensive ...

Fifth Third

ERM Analyst

Cincinnati, OH · On-site

Enterprise Risk Management Analyst This position provides direct support to the Director, Risk ... such payment based upon company, line of business and/or individual performance. Our extensive ...

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Payments Risk Analyst information

What are the key skills and qualifications needed to thrive as a Payments Risk Analyst, and why are they important?

To thrive as a Payments Risk Analyst, you need strong analytical skills, knowledge of financial regulations, and experience in risk assessment, typically supported by a degree in finance, economics, or a related field. Familiarity with transaction monitoring systems, data analysis tools like SQL or Excel, and certifications such as CAMS or CFE are commonly required. Attention to detail, critical thinking, and effective communication are vital soft skills to excel in this role. These competencies are crucial for identifying and mitigating payment fraud, ensuring regulatory compliance, and maintaining the integrity of financial operations.

What are some common challenges faced by Payments Risk Analysts in monitoring and mitigating transaction fraud?

Payments Risk Analysts often encounter the challenge of quickly identifying and responding to evolving fraud patterns while maintaining a seamless customer experience. The role requires balancing proactive risk detection with minimizing false positives, which can inadvertently affect legitimate transactions. Analysts must collaborate closely with data scientists, compliance teams, and customer service to continuously refine fraud detection models and stay updated on emerging threats. Staying adaptable and leveraging advanced analytics tools are key to success in this fast-paced environment.

What are Payments Risk Analysts?

Payments Risk Analysts are professionals responsible for identifying, assessing, and mitigating risks associated with payment processing systems and transactions. They analyze transaction data to detect fraudulent activities, ensure compliance with regulations, and develop strategies to minimize financial losses for organizations. Their work often involves using advanced analytics and risk management tools to monitor trends, investigate suspicious activities, and recommend improvements to payment processes.
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What cities in Ohio are hiring for Payments Risk Analyst jobs? Cities in Ohio with the most Payments Risk Analyst job openings:
Payments Risk Analyst jobs near you
Payments Risk Management Senior Analyst

Payments Risk Management Senior Analyst

Sutton Bank

Columbus, OH • On-site

Full-time

Re-posted 14 days ago

Job description

Summary:

Responsible for the monitoring and testing of payments programs within the First Line of Defense. Works to minimize risk through the continuous monitoring, testing and analysis of programs risk-taking activities on an ongoing basis to ensure applicable regulatory requirements are met.

Qualifications:

Education: Bachelor's degree in Business Administration or related field.

Licenses/Certifications:

Experience: Five or more years of regulatory compliance or risk management experience supporting consumer financial products or services at a large or complex banking institution. Previous payments experience preferred. Or equivalent combination of education and experience.

Essential Functions:

A: Job Specific:

  • Performs both detail testing of various regulatory obligations, and high-level analysis to assess adequacy of the programs risk and control environment as well as compliance with applicable regulations.
  • Clearly documents testing through workpapers, and provides summary of analysis in clear and concise format.
  • Maintains working knowledge of federal regulations applicable to Payments including but not limited to: Reg E, UDAAP / UDAP, Reg DD, Reg CC, CAN-SPAM, TCPA, FCRA / Red Flag ID Theft etc.
  • Demonstrates strong risk management understanding, aiding in risk assessments and gap analysis as needed.
  • Identifies and analyzes trends / themes within large data sets.
  • Takes complex scenarios or processes and breaks them down to a clearer and more concise format.
  • Identifies and evaluates emerging risks and present findings to management.
  • Ensures identified issues are communicated and escalated with clear context to allow for appropriate decision making.
  • Partners effectively with peers and colleagues within 1LOD and across various functions of the Bank to drive consistent and effective practices.

  • Knowledge/Skills/Abilities:

    • The ability to communicate effectively and clearly, both in verbal and written communications.
    • Excellent interpersonal skills.
    • Strong knowledge of the business area that is being supported.
    • Self-directed and motivated.
    • The ability to manage multiple tasks.
    • Excellent problem-solving skills.
    • Ability to read, analyze and comprehend journals, audit reports, regulations and legal documents.
    • Ability to respond to common inquiries or complaints from employees, customers, regulatory agencies, or members of the business community.
    • Ability to effectively present information to top management and employee groups.
    • Strong analytical skills, able to dissect complex problems and synthesize large amounts of information.
  • Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability, pregnancy or protected veteran status.

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