RISK ANALYST - BANKING (H/F)

Relay is a digital banking platform that gives self-made business owners the tools and know-how to be great with money—bringing clarity, confidence, and control to every dollar earned, so they can turn hard work into lasting success. We do this by replacing financial guesswork with real visibility, transforming cash flow from a constant source of stress into a clear signal owners can use to run stronger, more resilient businesses.
A cleaning company is waiting on a deposit so they can make payroll Friday. A contractor needs his funds cleared so he can buy lumber for a job that starts Monday. A salon owner just wants to know why her account was flagged. These are the people on the other side of every transaction you review, every hold you place, and every alert you investigate.
321,000+ small business owners trust Relay with their money. The Risk team is why that trust is warranted.

This role sits on either our Transaction Monitoring or Onboarding Risk team. Both are front-line teams where your decisions have immediate, visible impact.
Transaction Monitoring is where you intercept fraud attempts in real time. Shell companies trying to funnel money through business accounts. Wire requests that look clean until you notice the third soft signal. The team catches these every day, and the pattern recognition you develop here is something you can't learn from a textbook.
Onboarding Risk is the front gate. You're catching stolen identities, fabricated businesses, and coordinated fraud rings before they get through the door. You're also the reason a legitimate contractor gets approved in minutes. Every business day, Relay processes millions of dollars in deposits, wire transfers, and card transactions. You also satisfy a federal obligation. The Bank Secrecy Act requires continuous monitoring of all customer transactions for suspicious activity. You'll think in two frames simultaneously: fraud prevention and regulatory compliance. Write an investigation narrative that becomes a SAR referral to our bank partner, with quality good enough that it's accepted without revision
Build proficiency with our vendor signals (device intelligence, document verification, business verification) so you can read them cold and make fast, confident calls
Transaction Monitoring:
Hunt for fraud across every payment channel: deposits, checks, wires, card transactions. Check the signals, verify the story, make the call.
Catch velocity abuse: accounts moving money too fast, in patterns that don't match their profile.
Document investigations at SAR-referral quality. Your work product goes to our bank partner and potentially to federal examiners.
Onboarding Risk:
Is this a legitimate contractor or a shell company with a Registered Agent address and no web presence? Read the signals across multiple vendor systems: device intelligence, document fraud detection, business verification, synthetic identity scoring. Break up fraud rings. 2+ years in fraud investigation, AML/BSA, or financial crime at a bank, fintech, or payments company. Your case notes will be read by compliance officers, our bank partner, and potentially federal examiners. "Bonus Points:
BSA/AML typology experience: structuring, funnel accounts, trade-based money laundering, bust-out
SQL proficiency so you can pull your own data without waiting for the analytics team
CAMS, CFE, or equivalent certification
Experience at a company operating under a bank partnership
Stage 1: A 45-minute Google Meet video call with the Hiring Managers
Stage 2: Stage 3: A 45-minute Google Meet video call with a member of our leadership team

The annual salary range for this role is $72,900 CAD to $89,100 CAD.
For candidates who demonstrate full readiness for the defined scope of the role, the typical starting salary is $81,000 CAD. For more information on our compensation philosophy and perks and benefits, visit our Candidate Hub .

If you’re someone who takes initiative, is comfortable taking risks, and seeks input when needed, you’ll find the freedom here empowering.
You’re comfortable building from scratch, iterating as you go, and collaborating to shape the best path forward.
Relay exists to help them thrive -- and that mission has to resonate with you.

We welcome diverse backgrounds and people who think critically, challenge the status quo, and want to help small businesses thrive.
If you require accommodations at any stage of the hiring process, please reach out to your Talent Partner.
Disclaimer: For compliance reasons, all offers of employment at Relay are conditional upon a successful background check and employment verification through Certn.