Job Description

The Banking Risk Management Specialists primary function is to assess the fraud and compliance risk for new and existing clients. This includes completing OFAC reviews, credit monitoring, identifying prohibited businesses and conducting routine client health checks/audits. This position will be responsible for adhering to the risk policy set forth by the Paycom Board of Directors and executing decisions daily based upon procedures and expectations developed by management.

RESPONSIBILITIES:

• Perform initial risk assessment and establish approved funding methods for onboarding clients, including KYC (Know Your Customer)
• Monitoring & Reporting
  • Initiate regular OFAC reviews
  • Monitor credit for existing clients
  • Perform recurring audits of clients in high risk businesses or industries
  • Perform recurring audits to review established funding methods for clients
• Research & Recovery
  • Monitor fraud trends and recommend strategies to deter fraudulent activity and protect company assets
  • Investigate potential fraudulent activity and report findings to management and legal
  • Monitor and update Net Exposure Report
• Adhere to all controls set forth in the Paycom SOC 1 report (Service Organization Controls) and internal controls adopted by management that relate to SOX (Sarbanes Oxley Act of 2002) processes
• Handle and research complex issues while helping create and maintain a positive and customer service oriented environment; escalate issues with management team as needed
• Clearly communicate issues and expectations with other departments within the company
• Available, approachable and willing to advise, assist and train other team members and departments
• Performs other duties as assigned

QUALIFICATIONS

Education/Certification:

• High School graduate
• Bachelors degree in accounting or finance, experience considered in lieu of degree

Experience Required:

• Proficient with Dun & Bradstreet application
• Proficient with LexisNexis application

Skills and Abilities:

• Intermediate knowledge of accounting
• Advanced knowledge of bank operations
• Advanced reconciliation techniques
• Advanced knowledge of Outlook
• Advanced knowledge of Excel
• Intermediate knowledge of banking rules and regulations
• Ability to work in a fast paced environment and meet critical deadlines
• Excellent written and verbal communication skills
• Ability to maintain effective working relationships with others
• Able to work flexible hours (if needed)
• Eager to continue learning
• Ability to prioritize tasks in order of importance
• Very detail oriented
• Integrity of the highest level

Paycom is an equal opportunity employer and prohibits discrimination and harassment of any kind. Paycom makes employment decisions on the basis of business needs, job requirements, individual qualifications and merit. Paycom wants to have the best available people in every job. Therefore, Paycom does not permit its employees to harass, discriminate or retaliate against other employees or applicants because of race, color, religion, sex, sexual orientation, gender identity, pregnancy, national origin, military and veteran status, age, physical or mental disability, genetic characteristic, reproductive health decisions, family or parental status or any other consideration made unlawful by applicable laws. Equal employment opportunity will be extended to all persons in all aspects of the employer-employee relationship. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, training, promotion, discipline, compensation benefits, and separation of employment. The Human Resources Department has overall responsibility for this policy and maintains reporting and monitoring procedures. Any questions or concerns should be referred to the Human Resources Department.