Payments Risk Management Senior Analyst

suttonbank; Columbus (OH); On-site; USD 90,000 - 120,000; Full time

Job summary

Sutton Bank is seeking a risk and compliance professional to monitor and test payments programs as part of the First Line of Defense. The role minimizes risk through ongoing testing, analysis, and regulatory adherence.

The candidate will document testing, maintain knowledge of payments regulations, and collaborate with various Bank functions to drive consistent risk practices.

Qualifications

• Bachelor's degree required in Business Administration or related field.
• Five or more years of regulatory compliance or risk management experience preferred.
• Previous payments experience preferred or equivalent combination of education and experience.

Responsibilities

• Performs detail testing of regulatory obligations and high-level analysis of risk controls.
• Documents testing with workpapers and summarizes analyses clearly.
• Maintains knowledge of federal payments regulations (Reg E, UDAAP/UDAP, Reg DD, Reg CC, CAN-SPAM, TCPA, FCRA).
• Supports risk assessments and gap analyses; identifies emerging risks for management.
• Presents findings clearly to management and partners with 1LOD and other Bank functions.

Skills

Communication

Interpersonal skills

Regulatory knowledge

Analysis

multitasking

Problem solving

Reporting

Education

Bachelor's degree in Business Administration or related field

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.