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Operational Risk Analyst

Company: Central Bancompany
Location: Saint Louis
Posted on: June 25, 2022

Job Description:

BIN SPONSORSHIP GROUP:The BIN Sponsorship Group maintains oversight and audit functions on all credit, risk, compliance, and financial transactions processed by their Third-Party Processors and Individual Sales Organizations. We assure that our partners and their customers are compliant with Card Brand Network (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 financial transaction 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 review and analysis. Develop peer to peer relationships with our partners and work in unison to resolve potential financial or brand relationship exposure to the partner or Central Bank. Adhere to all Bank policies, procedures, and system access requirements along with maintaining customer confidentiality s, 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 portfolio and merchant level performance and provide alerts to unusual trending and or suspicious transactions.
  • Assist with daily banking and financial settlement transactions and monitoring.
  • 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.ADDITIONAL DUTIES AND RESPONSIBILITIES:
    • Will become a member of Merchant Acquiring Committee (MAC) and attend all required online training courses and seminars.
    • Assist others in the department as needed and/or directed.
    • May be assigned other duties and responsibilities.Requirements: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 considered desirable.
      • Strong understanding of financial principles and practices.
      • Previous banking experience preferred.
      • Ability to work independently
      • Proficient with Microsoft Windows/ MS Office Applications
      • PC and typing skills required.
      • 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.

Keywords: Central Bancompany, St. Louis , Operational Risk Analyst, Professions , Saint Louis, Missouri

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