Third-Party Banking Risk Analyst

Stratacent; Johnston (RI); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Stratacent is seeking a Third-Party Banking Risk Analyst to oversee risk governance of Commercial Third-Party Deposit Partners (CTPDPs). The role supports the Embedded Banking team by performing monthly, quarterly, and ad hoc oversight activities to identify, assess, elevate, and document risks associated with third‑party partners and their customers.

The Analyst serves as a liaison between partners, relationship management, risk management, AML, and other stakeholders to ensure adherence to

Qualifications

• 2-5 years of experience in payment operations, risk management, compliance, AML, fraud, or third-party risk management.
• Experience analyzing operational, compliance, financial, and fraud-related risks.
• Strong investigative, analytical, and problem-solving skills.
• Ability to manage multiple priorities and meet recurring regulatory and operational deadlines.

Responsibilities

• Oversee ongoing partner oversight, including review of risk reports, AML/OFAC screening, and material changes.
• Perform risk-based testing of onboarding files and KYC documentation.
• Maintain records and prepare risk summaries and management reports.
• Support audits, examinations, and annual partner assessments; ensure compliance with AML and NACHA rules.

Skills

Risk management

AML

Investigation

Analytical skills

Regulatory deadlines

Education

Bachelor’s degree in Business

Tools

ACH

FedWire

RTP

Job description

Job Title: Third-Party Banking Risk Analyst

Experience: 5+ Years

Location: Hybrid - Boston MA (preferred)/ NYC/Johnston RI

Job Description

The Analyst is responsible for the ongoing monitoring, risk oversight, and governance of Commercial Third-Party Deposit Partners (CTPDPs). This role supports the Embedded Banking organization by executing monthly, quarterly, and ad hoc oversight activities designed to identify, assess, elevate, and document risks associated with third-party partners, and their customers. The Analyst serves as a key liaison between partners, relationship management, risk management, AML, and other stakeholders to ensure adherence to bank policies, regulatory requirements, and risk appetite.

Primary Responsibilities

Ongoing Partner Oversight

• Review monthly partner risk reports and conduct oversight reviews covering:
• AML and compliance issues
• OFAC screening results
• Material business changes
• Third & fourth-party payment activities
• Unusual activity referrals
• Participate in partner meetings and maintain documented meeting notes and evidence.
• Escalate identified risks, control deficiencies, or material issues to appropriate business, risk, AML, and executive stakeholders.
• Analyze Returned Deposit Item (RDI) reports and perform analysis to determine alignment with established risk thresholds, escalating excessive rates to relevant stakeholders.
• Review Sanctions and Adverse Media screening results, supporting escalation and remediation efforts.

KYC & Customer Due Diligence Oversight

• Perform risk-based testing of partner’s customer onboarding files and KYC documentation.
• Review onboarding packages for completeness and compliance with established standards.
• Document audit findings, communicate remediation requirements, and ***escalate*** unresolved issues.

Governance, Reporting & Documentation

• Maintain accurate records and evidence supporting all oversight activities.
• Prepare management reports, risk summaries, and tracking documentation.
• Support audits, examinations, internal reviews, and annual partner assessments.
• Ensure adherence to internal policies, AML programs, sanctions programs, NACHA requirements, and applicable operating rules.

Required Skills & Qualifications

• 2-5 years of experience in payment operations, risk management, compliance, AML, fraud, or third-party risk management.
• Experience analyzing operational, compliance, financial, and fraud-related risks.
• Strong investigative, analytical, and problem-solving skills.
• Ability to manage multiple priorities and meet recurring regulatory and operational deadlines.
• Bachelor’s degree in business, Finance, Risk Management, Compliance, Accounting, Criminal Justice, or equivalent experience.

Preferred Qualifications

• Experience supporting fintech partnerships and embedded payment programs.
• Knowledge of ACH, FedWire, RTP and other payment methods.
• Understanding of AML/BSA, OFAC, NACHA Operating Rules, third-party risk management, and vendor oversight frameworks.
• Experience working with regulatory examinations, audits, and issue management programs.

Company Profile:

Stratacent is a Global IT consulting and Services firm, headquartered in Jersey City, NJ, USA with offices in UK, Canada, and South Africa and global capability centers (GCC) in Pune and Gurugram in India. Our focus areas include Data and AI, Cloud Services, Automation, IT Operations, Application Development, and Information Security.

Global managed services firm assisting customers with digital transformation, including data and analytics, cloud services, automation, and IT service management.

stratacent.com

Employee Benefits:

Stratacent is an equal opportunity employer. As such, to the extent defined by federal, state, and municipal law, Stratacent will not discriminate against any employee or applicant for employment on the basis of race, color, creed, religion, age, sex, national origin, ancestry, handicap, or any other factor protected by law.