First Line Risk Analyst Senior - Payments and Fraud

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

Role Summary

The Senior First Line Risk Analyst serves as a key risk program leader and subject matter expert supporting fraud risk management across payment channels and banking operations. This role drives complex risk reviews, fraud investigations, and control assessments that help protect customers and strengthen business performance. You’ll partner across teams, influence risk strategy, and gain exposure to enterprise-wide initiatives in a highly collaborative environment.

Key Accountabilities

• Develop and enhance fraud detection strategies across ACH, debit, Zelle, wire, and bill pay channels.

• Lead investigations into complex fraud events and document findings for internal, regulatory, and law enforcement purposes.

• Analyze fraud trends, operational risk events, and customer impacts to identify control improvement opportunities.

• Partner with business leaders, operations teams, and second line risk partners to strengthen risk management practices.

• Conduct risk assessments and support control design for new payment products, systems, and vendor integrations.

• Drive quality assurance reviews, control testing activities, and reporting initiatives aligned with OCC expectations.

• Coordinate responses and supporting documentation for internal audits and regulatory reviews.

• Deliver clear, actionable risk insights that support informed business decisions and operational improvements.

Education & Experience

Required

• Bachelor’s Degree in Risk Management, Business, Finance, Data Analytics, or a related field, or equivalent combination of education and experience.

• 4+ years of experience in financial services with responsibilities related to risk management programs and practices.

• Knowledge of enterprise or operational risk frameworks, banking products, and regulatory expectations.

• Experience supporting fraud risk management, control testing, investigations, or operational risk activities.

Preferred

• Experience supporting payments, fraud prevention, or banking operations risk programs.

• Familiarity with OCC heightened standards and regulatory review processes.

• Strong analytical, reporting, and cross-functional collaboration skills.

• Experience working with payment systems, fraud detection tools, or vendor risk assessments.

Why You’ll Love Working Here

Associated Bank offers opportunities to grow your career while making a meaningful impact across the organization. You’ll work alongside experienced professionals in a culture that values collaboration, continuous learning, and innovation. If you’re looking for a role where your expertise can help strengthen and protect the customer experience, apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life. 

• Retirement savings including both 401(k) and Pension plans. 

• Paid time off to volunteer in your community. 

• Opportunities to connect with others through our diversity-focused Colleague Resource Groups. 

• Competitive salaries with professional development and advancement opportunities. 

• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.  

• Personal banking, loan, investment and insurance benefits. 

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Mi