We used synthetic aperture radar offset tracking to reconstruct a unique record of ice surface velocities for a 3.2 year period (15 January 2017–6 April 2020), for the Palcaraju glacier located above Laguna Palcacocha, Cordillera Blanca, Peru. Correlation and spatial cluster analysis of residuals of linear fits through cumulative velocity time series, revealed that velocity variations were controlled by the intra-annual outer tropical seasonality and inter-annual variation in Sea Surface Temperature Anomalies (SSTA), related to the El Niño Southern Oscillation (ENSO). The seasonal signal was dominant, where it was sensitive to altitude, aspect, and slope. The measured velocity variations are related to the spatial and temporal variability of the glacier’s surface energy and mass balance, meltwater production, and subglacial water pressures. Evaluation of potential ice avalanche initiation areas, using deviations from linear long-term velocity trends, which were not related to intra- or inter-annual velocities, showed no evidence of imminent avalanching ice instabilities for the observation period.