Head of Payments Risk Management
Company: First International Bank & Trust
Location: Phoenix
Posted on: May 8, 2024
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Job Description:
First International Bank and Trust / Kotapay is a family-owned
community bank and one of Prairie Business Magazine's 50 best
places to work for 10 years running.The Head of Payments Risk
Management will build and lead all programs related to appropriate
governance and oversight of payments and banking as a service risk,
including compliance, enterprise risk, AML/BSA, and information
security, with specific emphasis on serving as liaison with
corporate leaders in each of these areas to ensure Kotapays
conformance to FIBT policies and procedures.Key
Responsibilities:Serve as a member of the payments leadership team,
which meets regularly to discuss financial and operational
performance, staffing, compliance, and overall governance.Lead the
newly formed payments governance committee, made up of executives
plus leaders from corporate risk groups.Interact regularly with
corporate risk leaders to ensure consistency in approach and policy
adherence, including presenting risk management-related information
at various governance-related committee meetings.Lead a staff of
approximately 4-5 professionals performing various payments-related
risk functions.Monitor and report on risks within the business
accordingly to company's enterprise risk management program.Consult
frequently with partners and vendors as SME for risk management,
methods for mitigating risk, and emerging trends.Author or
executive owner of all risk assessments related to payments-related
enterprise risk and compliance.Owner of a significant list of key
policies and procedures and ensure each remains current and
relevant to companys risk management functions.Provide risk insight
on new products and supporting operational strategies.Design and
administer automated submission and tracking tool for partner
marketing and program collateral submissions.Oversee all testing
activities for ensuring programs and partners adhere to regulatory
requirements and company policies and procedures.Assess the
effectiveness of alert criteria and artificial intelligence tools
used to monitor and report on portfolio transaction activity that
may be suspicious or potentially fraudulent.Work extensively with
key vendors performing services impactful to the risk management
posture, including customer service, dispute processing, KYC,
AML/suspicious activity case management.Oversee the consumer
complaint response process and submission to corporate risk
team.Contribute meaningful to cross departmental initiatives,
including incident monitoring, data management, new product
development, new program implementations/enhancements, budget
preparation, and training.Perform constructive and detailed
employee evaluations of direct reports and ensure other managers in
the risk group do the same for
subordinates.Qualifications:Bachelors degree in Business,
Technology, or related field; 7+ years of progressive leadership
experience in risk management, consumer compliance, and/or AML/BSA,
with specific payments experience; or equivalent combination of
education and experience is required.Advanced degree (MBA or Law
Degree) and industry certification (CRCM, CFCS, ACAMS, etc)
preferred but not required.3+ years of recent experience in
payments, fintech, prepaid cards, deposit-products, remittances,
ACH and other forms of electronic payments.Proven experience with
rules, regulations, and guidance documents issued by regulatory
agencies and applicable to the following products: prepaid cards,
debit cards, savings accounts, remittance products, gift cards, and
ACH.Familiarity with card network rules and NACHA rules.Proven
ability to assess all types of risk and implement controls that
sufficiently mitigate such risk without unduly jeopardizing
financial performance or operational efficiency.Proven experience
with concepts and general workings of technology, data file
exchanges, and payment platforms, particularly as it relates to
transaction processing, raw payment data elements, and API
connectivity between multiple unrelated systems.Experience working
in automated workflow and project management tools (specifically
Smartsheet.com) a plus.First International Bank and Trust is a
family-owned, full-service, community bank with locations in ND,
MN, SD, and AZ.We show our employees we care by providing
competitive benefits and training and growth opportunities. Here
are the things we offer within our full-time benefits
package:Health, Dental & Vision401K Retirement Plan with Employer
MatchPaid Parental LeaveLife and Disability InsuranceGenerous PTO
and Holiday payIf you are interested in learning more, you can
apply or if you have questions before applying you can reach out
directly at TalentAcquisition@FIBT.com.Equal Opportunity
EmployerDepartment: Kotapay Location: Phoenix, AZ PT/FT/Temporary :
Full Time
Keywords: First International Bank & Trust, Chandler , Head of Payments Risk Management, Executive , Phoenix, Arizona
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