Risk Analyst

Who are we looking for?

We are seeking a skilled and detail-oriented Risk Analyst to join our dynamic team. The successful candidate will play a crucial role in assessing and managing risks associated with merchant underwriting and payment transactions. As a Risk Analyst, you will be responsible for analyzing various factors to ensure the financial stability and security of our organization.

What are some of the high-impact opportunities you’ll tackle?

Merchant Underwriting

• Conduct comprehensive risk assessments on potential merchants by evaluating application data, third-party findings, and financial statements, credit reports, and other relevant documentation as needed.
• Analyze and interpret data to assess the creditworthiness and risk profile of merchants.
• Manage and monitor automated tools and related rule sets for accuracy and effectiveness.
• Provide input to underwriting policies and procedures to ensure adherence to industry standards and regulations.

Transaction Monitoring

• Review flagged transactions for likelihood of fraud, compliance or regulatory violations, or other potential for loss.
• Analyze transaction data and patterns to detect anomalies and irregularities.
• Maintain systems for monitoring payment transactions to identify and mitigate potential fraudulent activities.
• Collaborate with internal teams to investigate and resolve flagged transactions promptly.

General Risk Management

• Identify, assess, and prioritize risks associated with merchant activities and payment transactions.
• Prepare and present detailed reports on risk assessments, transaction monitoring, and mitigation efforts.
• Develop and implement risk mitigation strategies to safeguard the organization against financial losses.
• Stay updated on industry trends and regulatory changes to adjust risk management strategies accordingly.
• Collaborate with cross-functional teams, including Sales, Legal, and Operations, to gather information and ensure a holistic approach to risk management.
• Provide guidance and support to internal stakeholders on risk-related matters.

This opportunity is for you if you have / are:

• Bachelor's degree in Finance, Business, or a related field. Advanced degree or relevant certifications are a plus.
• Proven experience in risk analysis, underwriting, or a related field, preferably in the financial services or payment industry.
• Strong analytical skills with the ability to interpret complex data and make informed decisions.
• Knowledge of industry regulations and compliance requirements related to risk management.
• Excellent communication and interpersonal skills.
• Detail-oriented with a focus on accuracy and thoroughness.