Sr. Risk Analyst

Payarc • Greenwich, Connecticut, United States • 2w ago

We are a technology-driven company. We built our business with the purpose of empowering people and improving their organizations, one payment at a time.

We started our journey by providing smart and simple payment processing tools and products but haven’t stopped there. We are backed by a team of world-class experts and the best technology talent, and we are committed to helping more new businesses get started, increase the revenues of our customers, and bridge the gap between online merchants and payment solutions.

Our mission is to give companies the tools they need to change the future of their business.

Requirements

Job Summary

Sr. Risk Analyst is responsible to review and analyze financials and credit of merchant accounts, merchant financial and activity risk, compliance with law and association rules and other operational duties in the normal course of merchant acquiring business. Daily tasks will include ongoing monitoring of Payarc’s merchant portfolio for fraud and credit risk exposure across all supported platforms and related tools by utilizing sound judgment and strong risk mitigation strategies.

Responsibilities & Duties

Responsible for the daily, weekly, and monthly exception monitoring of Merchant Acquiring Accounts.
Individual is responsible for financial analysis of prospective merchant accounts in accordance with the Merchant Services Policy and card brand regulations.
Develops mitigation strategies and collateral structures to mitigate risk.
Periodically reviews existing merchants to ensure compliance with financial guidelines and risk standards.
Works closely with risk staff, underwriters, and client liaisons to manage risk perceptions on accounts, communicate information obtained about activity and facilitate resolutions.
Communicate merchant account change decisions effectively in both verbal and written communication.
Responsible for establishing and maintaining relationships with assigned clients.
Providing ongoing education and guidance to clients regarding risk mitigation strategies
Provide operational assistance as needed with changes in customer’s limits, merchant accounts changes and terminations
Collaborate with various departments throughout the organization to improve the quality of tasks and procedures
Adhere to Payarc’s compliance procedures and internal/operational risk controls in accordance with any applicable bank or card brand regulatory standard, requirements, and policies.
Ensures Payarc’s internal controls are documented appropriately and effectively.
Identify and trace any suspicious activities or high-risk transactions.
Analyze credit and financial statements.
Credit authority of $100,000.
Educate internal stakeholders of business risks brought about by industry trends.
Ensure risk management policies and guidelines are followed and report possible fraud for corrupt practices.
Work closely with business partners, third-party companies, and sponsor banks to improve risk management policies and guidelines.
Contribute to key milestone activities in workplace technology projects.
Serves as a mentor for less experienced risk analysts.
Other duties as assigned.

Skills/Competencies

Excellent knowledge of underwriting and risk analysis.
Exceptional problem-solving skills and the ability to make sound decisions.
Strong customer service skills.
Detail oriented and must have the ability to prioritize all tasks appropriately.
Sense of ownership and pride in your performance and its impact on company’s success.
Team player.
Strong technical aptitude and willingness to learn.
Strong interpersonal skills for interacting effectively with key internal and external contacts.
Excellent analytical skills, strong attention to detail.
Judgement and resourcefulness to solve problems independently.
Able to make real-time decisions.
Demonstrated leadership qualities.
Ability to work on multiple projects while meeting deadlines.

Qualifications/Experience Required

2+ years of risk mitigation experience
2+ years of work experience related to electronic payment processing.
Experience underwriting merchant services accounts preferred.
Advanced computer skills and proficient in Microsoft Office
The ability to manage multiple projects at once.
Advanced Excel experience
Possess knowledge of the acquiring business with respect to industry trends, business risk factors, merchant signing requirements and other operational procedures associated with booking merchants.

Education Requirements