Cash Management and Business Payments Risk Analyst

This position is responsible for identifying, monitoring, and managing risk across the bank’s Cash Management and business payment services. This role conducts client onboarding and annual risk reviews, monitors transaction activity across payment channels, and ensures compliance with regulatory requirements, payment network rules, and internal policies. The role applies judgment, analyzes data, determines appropriate escalation, and supports risk mitigation efforts related to ACH, wires, real-time payments, and other business payment services. This position partners closely with Fraud, Operations, Sales, and Business Banking to support safe growth, strong controls, and consistent client experiences.

Qualifications: This individual should have a bachelor’s degree, plus five years of work-related experience or the equivalent. A strong understanding of payment rails—ACH, Fedwire Funds Service, RTP, and FedNOW—is required, along with familiarity of regulatory and rule frameworks such as NACHA, Regulation E, J, UCC4A, Operating Procedures, Operating Circulars, and OFAC requirements. The role requires strong analytical sound judgment, attention to detail, and the ability to interpret rules and policies and apply them to real-world scenarios.  Comfort working with reports, data, and dashboards is important. Strong communication skills and the ability to collaborate effectively across internal teams are essential. A professional certification such as AAP, APRP or CPP is required.

Principal Responsibilities:

• Monitor and analyze risk activity across all payment rails, including return rates, anomalies, and high‑risk patterns; determine follow-up actions.

• Conduct required ACH reviews and audits, including NOCs, high‑risk reviews, annual WEB/TPPP reviews, debit authorization compliance, and ODFI audit responsibilities.

• Perform onboarding and annual risk reviews for Cash Management clients, including underwriting, credit exposure considerations, and risk scoring for high‑risk services.

• Review user access, permissions, and entitlements to ensure appropriate controls, segregation of duties, and system cleanliness, including periodic cleanup.

• Evaluate internal processes for compliance with rules, regulatory requirements, and internal policies; identify gaps and recommend improvements.

• Partner with Fraud teams to monitor, investigate, and escalate suspicious activity, identify root causes, and support remediation efforts.

• Maintain required risk documentation, procedures, and audit evidence; support internal/external audit requests across products.

• Complete required annual assessments (RDC attestations, service‑level risk assessments, ACH contingency validation).

• Produce and maintain risk reporting and dashboards to track trends, return rates, control performance, and client risk indicators.

• Collaborate with Cash Management, Banking Operations, and Business Banking to ensure consistent client experience, smooth implementations, and ongoing education on payment risks and best practices.

• Act in accordance with FBT policies and procedures as set forth in the employee handbook.

• Adhere to compliance procedures and participate in required compliance training.