Banking Risk Management Specialist

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The overall goal of a Banking Risk Management Specialist is to maintain a “best in class” risk management program by mitigating the risk profile of Paycom's clients from an onboarding, funding and maintenance perspective. This position is responsible for the daily execution of CDD (“Customer Due Diligence”) and oversight of client financial health, as well as any recovery activity required. Additionally, this position is responsible for anticipating downgrades in credit worthiness of our clients based upon research, notifications, and score history, as well as industry trends relating to macro-economic factors that may exist at any point in time. This position will be required to make recommendations and/or decisions based on Paycom's risk tolerance as outlined within Paycom's Risk Management Policy.

RESPONSIBILITIES

• Conduct thorough CDD (“Customer Due Diligence”) assessments on prospective and new clients as it relates to KYC (“Know-Your-Customer”) and AML (“Anti-Money Laundering”) practices and make determinations as to whether the customer poses a banking compliance or reputational risk and make decisions and/or recommendations regarding the B2B relationship and any ongoing monitoring needed.
• Conduct thorough credit analysis through the analysis financial statements, credit reports and other relevant financial data to determine the creditworthiness of new customers.
• Identify and assess potential risks associated with funding payroll for new and existing customers such as default, fraud, bankruptcy or other litigation, criminal activity or other funding and compliance concerns.
• Monitor existing customer activity to ensure they are in good standing and operating in accordance with Paycom's risk tolerance.
• Collaborate with other departments such as accounts receivable and legal for risk mitigation and recovery and to ensure that all CDD (“Customer Due Diligence”) and credit analysis practices remain aligned with organizational goals and objectives.
• Conduct quantitative and qualitative analysis for portfolio stress testing, risk concentration limits setting, and net exposure.
• Maintain awareness of the business environment, government events, regulatory changes and industry best practices.
• Investigate potentially fraudulent activity and report findings to management and legal.
• Execute the daily application of Paycom's Risk Management policy.
• Other duties and projects as assigned.

Education/Certification:

• High School Diploma or equivalent

Experience:

• 1+ years of bank operations or corporate treasury experience
• 1+ years of experience in Risk Management or Credit Analytics
• Knowledge of industry-standard credit and background-checking software

PREFERRED QUALIFICATIONS

Education/Certification:

• Bachelor's degree in Business or Finance

Experience:

• 3+ years of bank operations or corporate treasury experience
• 2+ years in Risk Management or Credit Analytics
• Experience with LexisNexis and/or Dun & Bradstreet
• AML (“Anti-Money Laundering”), Credit Risk Management, Certified Treasury Professional, and/or Lean Six Sigma certifications

Skills/Abilities:

• Ability to communicate effectively in both oral and written form
• Ability to think critically, problem solve, and have decision-making skills
• Advanced research skills
• Strong negotiation skills and ability to have difficult conversations
• Demonstrated proficiency with MS Office products
• Ability to work in a fast-paced environment and meet critical deadlines
• Strong relationship-building skills
• Quantitative analysis skills
• Ability to manage and prioritize multiple tasks while maintaining organization and timely completion of projects
• Detail oriented

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. ****To learn more about Paycom's affirmative action policy, equal employment opportunity, or to request an accommodation - Click on the link to find more information: paycom.com/careers/eeoc