Bankwell Financial Group, Inc.

Senior Payment Operations Analyst

Bankwell Financial Group, Inc.$88K — $105K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required.
  • 5+ years experience in payment operations within banking or financial services.
  • Advanced knowledge of payment platforms (SWIFT, ACH, etc.) and regulatory frameworks (BSA/AML, OFAC).
  • Proficient in Microsoft Office with emphasis on Excel; experience with data analysis tools preferred.
  • Nacha AAP and/or APRP certification strongly preferred.
  • Exceptional attention to detail in high-risk processes.
  • Strong analytical skills for root cause analysis and problem-solving.

Responsibilities

  • Execute daily payment processing for wires, ACH, and foreign exchange, ensuring accuracy and timeliness.
  • Lead investigations into rejected transactions and unusual activity, delivering timely resolutions.
  • Conduct daily reconciliations and maintain operational records for payment activities.
  • Perform fraud and sanctions screening and escalate issues as needed.
  • Identify and mitigate operational risks in payment workflows.
  • Maintain audit-ready documentation for transactions and handle exceptions effectively.
  • Partner with support teams to address escalated client payment inquiries.

Benefits

  • Comprehensive health benefits including medical, dental, and vision coverage.
  • Retirement savings plan with employer matching.
  • Opportunities for professional certification support and continuing education.
  • Flexible work environment with possible remote arrangements.
  • Generous paid time off and holiday schedule.
Full Job Description
Summary of Position:

The Senior Payment Operations Analyst is a subject matter expert responsible for leading complex payment processing functions, ensuring operational integrity, and driving efficiencies within the bank's electronic payments environment. This role supports critical functions involving wire transfers, ACH, and other electronic payments while serving as an escalation point for complex issues, high risk transactions, and regulatory inquiries. The Senior Analyst plays a key role in strengthening control environments, executing advanced investigations, supporting audits and exams, and supporting cross functional initiatives that enhance payment systems, processes, and compliance with regulatory standards.

Responsibilities include:
  • Execute daily payment processing activities-including high value wires, ACH transactions, and foreign exchange payments-ensuring accuracy, timeliness, and effective risk controls.
  • Lead complex investigations into rejected transactions, processing errors, or unusual activity; provide timely resolutions and root cause analysis.
  • Perform daily processing of ACH, Wire and RDC files, ensuring timely submission and completeness and accuracy of related reports.
  • Conduct daily reconciliations to ensure payment activity aligns with internal ledgers and operational records.
  • Perform fraud and sanctions screening, escalating items as required.
  • Identify and mitigate operational, regulatory and fraud risks within payment workflows.
  • Maintain detailed audit-ready records documenting transaction activity, exception handling, and system or process changes.
  • Ensure compliance with banking regulations, such as AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements.
  • Ensure adherence to regulatory requirements across all payment workflows, serving as a key contributor in audit preparedness, responses, and remediation activities.
  • Identify control gaps and implement stronger risk mitigation practices across payment operations.
  • Partner with customer service and frontline teams to resolve escalated client payment inquiries and deliver high quality support.
  • Monitor payment systems and electronic services platforms, ensuring operational continuity and proactively addressing emerging issues.
  • Produce and analyze recurring and ad hoc reporting for management, audits, and operational performance reviews.
  • Lead user acceptance testing (UAT) for system enhancements, integrations, and platform upgrades to ensure alignment with operational and regulatory requirements.
  • Conduct quality assurance reviews to validate accuracy and compliance.
  • Collaborate with IT, Compliance, Finance, Retail, and other stakeholders to resolve systemic issues and improve payment related processes.
  • Lead efforts to streamline workflows, reduce risk, and implement process or system enhancements that elevate operational efficiency.
  • Assist with deposit operations and broader banking operational needs, when required.


Requirements

Qualifications & Skills:
  • Bachelor's degree required.
  • Minimum of 5 years of experience in payment operations within a banking or financial services environment, including complex domestic, international and FX wire processing.
  • Advanced knowledge of payment platforms and systems (e.g., SWIFT, ACH, FedLine, wire transfer systems) and regulatory frameworks such as BSA/AML, OFAC, KYC and broader consumer regulations.
  • Proficiency with Microsoft Office, with a focus on Excel; experience with data analysis tools preferred.
  • Nacha AAP and/or APRP certification strongly preferred.
  • Exceptional attention to detail and proven ability to maintain accuracy when handling high risk operational processes.
  • Strong analytical and problem-solving skills, with the ability to independently investigate issues, perform root-cause analysis, and recommend solutions.
  • Demonstrated ability to manage multiple priorities across systems and workflows.
  • Excellent time management and prioritization skills
  • Strong communications skills and the ability to work effectively both independently and within cross-functional teams.
  • Ability to identify and mitigate risks, with experience in risk management or compliance a plus.


FLSA Status: Non-Exempt

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform. All employees are expected to perform tasks assigned by supervisory personnel, regardless of job titles or routine job duties.

About Bankwell Financial Group, Inc.

Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. The company offers checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit. It also provides commercial lending products, including owner-occupied commercial real estate loans, commercial real estate investment loans, business term loans, equipment financing, and lines of credit to small and medium-sized businesses, as well as real estate construction and development loans. In addition, the company offers residential real estate loans, including conforming and non-conforming mortgage loans, home equity lines of credit, and residential construction and land loans; and consumer loans, such as loans secured by savings or certificate accounts, and unsecured personal loans. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.
Learn more about Bankwell Financial Group, Inc.
Size
124 employees
Market Cap
$222.9 million
Industry
Net Income
$5.9 million
5 Year Trend
+5.9%
NASDAQ

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