Risk Analyst

Payarc•Greenwich, CT

12h

About The Position

The Risk Analyst reviews and analyzes the financials and credit of merchant accounts, merchant financial and activity risk, compliance with laws and association rules, and other operational duties related to merchant acquiring. The role monitors Payarc’s merchant portfolio for fraud and credit risk exposure across supported platforms and tools, using sound judgment and risk mitigation strategies. The position also supports merchant account operations, client relationships, and the documentation and effectiveness of internal controls.

Requirements

At least 6 months of relevant experience.
Advanced computer skills and proficiency in Microsoft Office.
Knowledge of the acquiring business, including industry trends, business risk factors, merchant signing requirements, and operational procedures associated with booking merchants.
Detail-oriented, with the ability to prioritize tasks appropriately.
Strong ownership and pride in performance and its impact on company success.
Team-player mindset.
Strong technical aptitude and willingness to learn.
Strong interpersonal skills for effective interactions with key internal and external contacts.
Excellent analytical skills and strong attention to detail.
Judgment and resourcefulness to solve problems independently.
Ability to make real-time decisions.

Nice To Haves

Risk mitigation experience preferred.
Experience underwriting merchant services accounts preferred.
Bachelor’s degree preferred.

Responsibilities

Perform daily, weekly, and monthly exception monitoring of merchant acquiring accounts.
Conduct financial analysis of prospective merchant accounts in accordance with the Merchant Services Policy and Card Brand regulations.
Develop mitigation strategies and collateral structures to mitigate risk.
Periodically review existing merchants for compliance with financial guidelines and risk standards.
Work with risk staff, underwriters, and client liaisons to manage risk perceptions, communicate account activity information, and facilitate resolutions.
Communicate merchant account change decisions effectively in writing and verbally.
Establish and maintain relationships with assigned clients.
Provide clients with ongoing education and guidance on risk mitigation strategies.
Provide operational assistance with changes to customer limits, merchant accounts, and terminations.
Collaborate with departments across the organization to improve task and procedure quality.
Follow Payarc compliance procedures and internal and operational risk controls in accordance with applicable bank or card brand requirements, standards, and policies.
Ensure Payarc’s internal controls are documented appropriately and effectively.
Identify and trace suspicious activity or high-risk transactions.
Analyze credit and financial statements.
Exercise credit authority up to $75,000.
Perform other duties as assigned.