Oversight Analyst
- Axelon Services Corporation
17 Hours Ago
NA
W2, C2C
Boston-MA, New York-NY, Johnston-RI
2-5 Years
Required Skills: AML, BSA, OFAC, NACHA Operating Rules, vendor risk frameworks
Job Description
Oversight Analyst – Embedded Banking Oversight
The Oversight Analyst will support the Embedded Banking organization by monitoring and assessing risk associated with Commercial Third-Party Deposit Partners (CTPDPs) and their customers. This role is responsible for ongoing partner oversight, risk-based testing, KYC/CDD reviews, governance, reporting, and escalation of compliance, AML, fraud, sanctions, and operational risks.
The Analyst will work closely with relationship management, risk management, AML, compliance, and third-party partners to ensure adherence to bank policies, regulatory requirements, and established risk appetite.
Key Responsibilities:
Partner Risk Oversight
- Conduct monthly, quarterly, and ad hoc oversight reviews of third-party partners.
- Review AML, OFAC, fraud, unusual activity, and material business change reports.
- Monitor third- and fourth-party payment activities and identify potential risks.
- Participate in partner meetings and maintain detailed documentation and supporting evidence.
- Identify, document, and escalate control deficiencies and material risks.
- Analyze Returned Deposit Item (RDI) reports and escalate activity exceeding established risk thresholds.
- Review sanctions and adverse-media screening results and support remediation activities.
KYC & Customer Due Diligence:
- Perform risk-based testing of partner customer onboarding files.
- Review KYC/CDD documentation for completeness and compliance.
- Document findings and communicate remediation requirements.
- Track and escalate unresolved KYC or compliance issues.
Governance, Reporting & Documentation:
- Maintain accurate records and evidence for all oversight activities.
- Prepare risk summaries, management reports, and tracking documentation.
- Support internal audits, regulatory examinations, annual partner assessments, and internal reviews.
- Ensure compliance with AML/BSA, OFAC, NACHA requirements, sanctions programs, and applicable operating rules.
Required Qualifications:
- 2–5 years of experience in one or more of the following:
- Payment Operations
- Risk Management
- AML/Compliance
- Fraud
- Third-Party Risk Management
- Experience analyzing operational, compliance, financial, and fraud risks.
- Strong investigative, analytical, and problem-solving skills.
- Excellent attention to detail and documentation skills.
- Ability to manage multiple priorities and recurring regulatory/operational deadlines.
- Bachelor's degree in Business, Finance, Risk Management, Compliance, Accounting, Criminal Justice, or equivalent experience.
Preferred Qualifications:
- Experience supporting fintech partnerships or embedded payment programs.
- Knowledge of ACH, FedWire, RTP, and other payment methods.
- Understanding of AML/BSA, OFAC, NACHA Operating Rules, and third-party/vendor risk frameworks.
- Experience with regulatory examinations, audits, issue management, and remediation programs
