Merchant Specialty Risk Analyst

Merrick Bank • Woodbury, MN

5d • Onsite

About The Position

Join our team and build your career with momentum as we champion your growth, elevate your ideas and engage you in purpose-driven work that makes a real difference every day. Who we are Founded in 1997, Merrick Bank is an FDIC®-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of CardWorks Financial Group, Merrick Bank serves roughly five million cardmembers and more than 100,000 merchant customers nationwide. What we do We provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsorships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses. Merrick Bank ranks among the top 20 FDIC®-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume. Position Summary: Position is responsible for supporting Merrick Bank's Specialty Risk and Service Provider Sponsorship Program Oversight activities through ongoing monitoring of merchant portfolios for fraud, credit, and operational risk exposure across supported platforms and related tools. Responsibilities include developing a comprehensive understanding of merchant and partner activities, utilizing sound judgment to identify and assess risk, assisting with issue resolution, and supporting the execution of risk mitigation strategies. Reports directly to Specialty Risk leadership.

Requirements

• College degree (Accounting, Finance, Business, etc.) is required, four (4) years relevant experience accepted in lieu of education requirement.
• Two (2) years’ experience is required.
• Attention to detail, strong investigative and analytical skills, and exceptional communication skills.
• Able to demonstrate sound work ethics
• Experience communicating verbally and in writing in a business environment
• Able to demonstrate good common sense and sound judgment
• Able to make real-time decisions.
• Able to work independently, but also comfortable collaborating with others
• Strong investigative and analytical skills

Nice To Haves

• Prior credit card processing, investigative, or lending experience a plus

Responsibilities

• Responsible for daily, weekly, monthly and quarterly monitoring activities supporting Service Provider Sponsorship Program Oversight and Specialty Risk initiatives
• Support the oversight and ongoing monitoring of high risk and specialty merchant verticals to ensure adherence with Merrick Bank policies, card brand requirements, and program controls
• Assist in developing risk mitigation strategies and recommending controls designed to reduce portfolio exposure
• Work closely with Risk, Underwriting, Compliance, Operations, and partner teams to assess account activity, communicate findings, and facilitate resolutions
• Establish and maintain relationships with assigned partners and internal stakeholders supporting Specialty Risk programs
• Provide ongoing guidance regarding risk mitigation strategies, onboarding requirements, and monitoring expectations for specialty merchant categories
• Perform reviews and investigations related to unusual activity, MCC alignment, policy adherence, and other identified risk indicators
• Maintain weekly risk tracking logs, supporting documentation, and audit evidence
• Support ongoing portfolio reviews, escalations, and strategic Specialty Risk initiatives as needed
• Assist with ad hoc projects and strategic initiatives assigned by management
• Ability to work flexible hours and days, as deemed necessary by management
• Responsible for complying with all of the Bank’s internal control policies and procedures
• Responsible for understanding and complying with all laws and regulations to which the Bank is subject
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts

Benefits

• Competitive Pay
• Bonus Target or Variable Pay Incentive Program
• Medical, Dental, and Vision
• 401(k) Plan with Company Match
• Short- & Long-Term Disability
• Wellness Programs
• Group Life and AD&D Insurance
• Paid Vacation, Sick Days and bank Holidays
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level