What are the responsibilities and job description for the Risk Analyst Position for Merchant Services position at Esquire Bank?
Job Title: Risk Analyst Position for Merchant Services
About the Role
This position is responsible for supporting the Bank's Merchant Services Risk department in monitoring the portfolio. By utilizing real-time risk systems and historic reporting activity, the analyst will function as a second line of defense to prevent financial loss to the Bank and its partners.
Main Responsibilities
- Daily review and tracking of Merchant activity by monitoring exceptions utilizing processor platforms and internal risk systems and related reports.
- Complete daily risk detections timely and accurately.
- Recommend processing concerns and anomalies to management for selection of further risk reviews.
- Conduct risk reviews and investigations for fraud, potential financial loss, and mitigation strategies to maintain accounts.
Key Skills and Qualifications
- Accounting, financing or business degrees preferred – will consider comparable educational and/or work experience.
- Advanced Excel skills with the ability to manipulate data and automate spreadsheets.
- Strong Analytical Skills, problem solving, critical thinking and attention to detail are critical for this role as the work must be accurate to be relied upon by senior leadership.
- Ability to recognize and research problems effectively and efficiently to meet the needs of the company and apply innovation and creativity to challenges.
