Operational Risk Analyst

Bin Sponsorship Group:

The BIN Sponsorship Group maintains oversight and audit functions on all credit, risk, compliance, and credit card transactions processed by our Third-Party Processors and Individual Sales Organizations. We ensure that our partners and their merchants are compliant with the Card Brands (MasterCard, Visa, Discover and AMEX) rules and regulations.

Position Summary:

This role is a dynamic position that will give you exposure to all areas of the Credit Card Acquiring business. The role is responsible for performing various forms of credit, risk, compliance, and auditing of financial transactions and reviews-based analysis of existing and prospective BIN Sponsored merchants. You will be responsible for assessing and monitoring segments of the BIN Sponsorship portfolios performance along with day-to-day merchant transactional performance by conducting historical transactional reviews and analysis. Develop relationships with our partners and work in unison to resolve potential financial loss exposure or brand exposure and protect our customers and Central Bank. Adhere to all Bank policies, procedures, and system access requirements along with maintaining customer confidentiality, corporate code of conduct, Bank Secrecy Act and all applicable State and Federal laws and regulations.

Essential Duties And Responsibilities:

• Monitoring and ensuring merchants are boarded in compliance with stated underwriting policies as referenced in the BIN Sponsorship Agreement.
• Perform daily audit functions of auto approved applications from BIN partners in a timely manner and approve or decline within assigned levels of authority.
• Assessing BIN portfolios and merchant level performance and provide alerts to unusual trending and or suspicious activity on transactions.
• Assist with daily banking and financial settlement transactions and monitoring.
• Ability to utilize Microsoft products to create and generate reporting.
• Acquire and maintain thorough knowledge and understanding of compliance and regulatory issues relating to all Card Brand requirements evidenced by appropriate application of these regulations in day-to-day operations.
• Adhere to all Bank policies, procedures, and system access requirements, along with maintaining customer confidentiality.

Qualifications

Position Requirements:

• College Degree or equivalent related experience may be considered a substitution.
• One to three years of retail or commercial Credit, Risk, Compliance, or Investigative experience and or specific knowledge in Merchant acquiring industry is desirable.
• Knowledge of Central Bank internal banking systems is considered desirable.
• Strong understanding of financial principles and practices.
• Previous banking experience preferred.
• Ability to work independently.
• Proficient with Microsoft Windows/ MS Office Applications.
• Willingness to assume additional responsibilities/duties/projects as they arise.
• Ability to operate office equipment including computers, calculators/adding machines, telephones, voice mail, electronic typewriters, copy machines, fax machines, and security devices.