Risk Systems Analyst: AML & Fraud Detection

German American; Owensboro (KY); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical benefits

Paid time off

Educational assistance

Wellness benefits

Life insurance

Parental leave

401(k) plan

Job summary

German American Bank is seeking a Risk Systems Analyst to monitor AML/CFT and fraud-detection systems, analyze transaction patterns, and enhance risk controls. You will collaborate with Fraud Operations, IT, Compliance, and business units to strengthen detection capabilities and support audits.

The role emphasizes developing reports, validating system changes, and staying ahead of evolving fraud schemes while ensuring regulatory alignment and data integrity across platforms.

Qualifications

• Bachelor's degree or equivalent in business, finance, information systems, or related field.
• 2–4 years in banking, fraud operations, or risk management.
• Experience with AML/CFT and fraud detection systems and transaction monitoring tools.
• Understanding of common banking fraud typologies (card, ACH, wire, online/mobile).
• Strong analytical skills to interpret data, alerts, and metrics for risk insights.
• Experience with system configuration, requirements, testing, and vendor support.
• Proficient in Excel and generating dashboards for management reviews.

Responsibilities

• Monitor fraud and AML/CFT detection systems and analyze transaction patterns.
• Improve detection rules and respond to system enhancements.
• Develop reports and dashboards; document changes for audits and regulatory reviews.
• Collaborate with IT, Compliance, and business teams; coordinate with vendors on upgrades.
• Support model validation activities, data quality reviews, and remediation tracking.
• Communicate complex risk findings to both technical and non-technical stakeholders.

Skills

Fraud detection systems

AML/CFT knowledge

Data analysis

Excel & reporting tools

Stakeholder communication

Risk management

Dashboard reporting

Education

Bachelor's degree in business/finance/information systems

Tools

Transaction monitoring tools

Case management platforms

Core banking systems

Reporting tools

Job description

German American Bank is seeking a Risk Systems Analyst to monitor AML/CFT and fraud-detection systems, analyze transaction patterns, and enhance risk controls. You will collaborate with Fraud Operations, IT, Compliance, and business units to strengthen detection capabilities and support audits.

The role emphasizes developing reports, validating system changes, and staying ahead of evolving fraud schemes while ensuring regulatory alignment and data integrity across platforms.