Risk Analyst II
About The Position
Under the direction of the Associate Director of Risk & Underwriting, the Risk Analyst, II is responsible for the oversight of merchant accounts to identify, investigate and mitigate activity that represents financial risk to the Company based on Company guidelines. The Risk Analyst supports the Risk department’s function in protecting the Company against the risk of loss associated with providing products/services for customers. Conducting daily, weekly, monthly reviews of merchant activity and analyzing for increased credit risk, transactional variations, dispute activity, and fraud patterns. Proactively monitoring all merchant activities for compliance with applicable laws, rules, regulations, and policies. Investigating abnormal processing patterns and recommending appropriate actions. Reviewing and analyzing financial, credit and publicly available information to support actions and decisions. Assessing and evaluating business model risk and exposure by evaluating merchant industry type, processing volume, refunds volume, delivery time frames and disputes. Analyzing risk files of multiple high-risk verticals spreads, to evaluate, investigate and determine action. Answering internal and external inquiries specific to risk
Requirements
- Experience with high-risk payment processing preferred.
- Knowledge of Card Brand rules and regulations required
- Must have prior experience and use of Aperia risk monitoring tool, Vigilance
- High School Diploma required; bachelor’s degree preferred.
- 3-5 years of experience in Risk Management within the acquiring industry
- Proficiency with MS Office Suite products with an emphasis on Microsoft Excel.
- Familiarity with various tools used for underwriting and due diligence (i.e. Equifax, TIN Check, Aperia, Vigilance, MATCH, GIACT, Merlink, etc.).
- Familiar with systems/platform utilized by companies Fiserv and REPAY.
- Excellent written and verbal communication skills.
- Understanding of emerging technologies and trends in the payments space and their associated risks.
- Excellent time management.
- Ability to analyze, test, assess and / or interpret information or data to make recommendations to enhance business operations.
- Possesses strong analytical and research skills with strong attention to detail.
- Ability to work autonomously while producing a high output of quality work.
- This role may work an alternating schedule that will require some weekends, evenings and holidays.
Responsibilities
- Conducting daily, weekly, monthly reviews of merchant activity and analyzing for increased credit risk, transactional variations, dispute activity, and fraud patterns.
- Proactively monitoring all merchant activities for compliance with applicable laws, rules, regulations, and policies.
- Investigating abnormal processing patterns and recommending appropriate actions.
- Reviewing and analyzing financial, credit and publicly available information to support actions and decisions.
- Assessing and evaluating business model risk and exposure by evaluating merchant industry type, processing volume, refunds volume, delivery time frames and disputes.
- Analyzing risk files of multiple high-risk verticals spreads, to evaluate, investigate and determine action.
- Answering internal and external inquiries specific to risk
Benefits
- Competitive Salary, Bonuses and Incentives.
- Comprehensive employer sponsored health, vision, and dental insurance programs.
- Paid time off, Paid Sick and Paid Holidays.
- 401K plan with up to a 3% matching contribution .
- Commitment to Career Development and Advancement.
- Vibrant Office Culture, Team Building, Birthdays, Work Anniversaries, Snacks, and more!
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
