Sr. Risk Analyst

Description :

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

Qualifications / Experience Required

Education Requirements

PM22

PIa0fe13bf2045-31181-37043395

Salary : $100,000