Risk Analyst (Riga)

HHHub.eu (Taupai, UAB); Baltics Corners; On-site; CAD 45,000 - 63,000; Full time

Job summary

HHHub.eu is seeking a Risk Analyst to manage the risk lifecycle of e-commerce merchants, from onboarding due diligence through ongoing monitoring and offboarding. You will operate at the intersection of merchant risk, fraud prevention and card-scheme compliance.

Reporting to the Head of Risk, you will contribute to enterprise-wide risk assessments, risk reporting and projects, with a hybrid working arrangement based in Riga and a gross monthly salary of €2,500–€3,500.

Qualifications

• At least 1 year of experience in risk, underwriting, merchant onboarding or fraud within a card acquirer, payment institution or EMI.
• Practical knowledge of Visa and Mastercard rules, MCC classifications and merchant-risk monitoring.
• Working knowledge of AML/CTF principles and the ability to recognise and escalating financial crime red flags.

Responsibilities

• Conduct risk-based due diligence on prospective e-commerce merchants, reviewing their business models, websites, products and underwriting information;
• Assess merchant applications against Visa and Mastercard rules, MCC classifications, internal policies and the company’s risk appetite;
• Assign and periodically review merchant risk ratings, transaction limits, reserves and settlement conditions;
• Monitor transaction volumes, fraud and chargeback ratios, refund patterns and changes in merchant activity;
• Track exposure against card-scheme monitoring thresholds, including VAMP, ECP and EFM, and coordinate remediation or scheme communications;
• Screen merchants through relevant services and databases, including MATCH and VMSS, and maintain clear evidence of completed checks;
• Investigate transaction spikes, unusual activity and fraud indicators, recommending holds, limit changes, escalation or offboarding where appropriate;
• Identify merchant-level AML and financial crime red flags and elevate well-documented concerns to the AML team;
• Support the enterprise-wide risk assessment, risk register, control mapping and reporting to the Management Board;
• Contribute to new product, market and partnership assessments while tracking remediation actions and audit or regulatory findings.

Skills

Analytical thinking

Clear written communication

Professional confidence

Ownership

Collaboration

Job description

About the Company

The client operates in European payments, providing card-acquiring services to e-commerce merchants. Its work sits within the international Visa and Mastercard ecosystem and requires disciplined management of merchant, fraud, chargeback and regulatory risks. The company is strengthening its risk capabilities as its merchant portfolio and institutional responsibilities develop. This is an opportunity to gain broad exposure across both frontline merchant decisions and enterprise risk management.

About the Role

As Risk Analyst, you will manage the risk lifecycle of e-commerce merchants, from onboarding due diligence and underwriting through ongoing transaction monitoring and offboarding. You will work at the intersection of merchant risk, fraud prevention and card-scheme compliance while escalating potential financial crime concerns to the AML team. Reporting to and supporting the Head of Risk, you will also contribute to enterprise-wide risk assessments, management reporting and broader risk projects.

Responsibilities

• Conduct risk-based due diligence on prospective e-commerce merchants, reviewing their business models, websites, products and underwriting information;

• Assess merchant applications against Visa and Mastercard rules, MCC classifications, internal policies and the company’s risk appetite;

• Assign and periodically review merchant risk ratings, transaction limits, reserves and settlement conditions;

• Monitor transaction volumes, fraud and chargeback ratios, refund patterns and changes in merchant activity;

• Track exposure against card-scheme monitoring thresholds, including VAMP, ECP and EFM, and coordinate remediation or scheme communications;

• Screen merchants through relevant services and databases, including MATCH and VMSS, and maintain clear evidence of completed checks;

• Investigate transaction spikes, unusual activity and fraud indicators, recommending holds, limit changes, escalation or offboarding where appropriate;

• Identify merchant-level AML and financial crime red flags and elevate well-documented concerns to the AML team;

• Support the enterprise-wide risk assessment, risk register, control mapping and reporting to the Management Board;

• Contribute to new product, market and partnership assessments while tracking remediation actions and audit or regulatory findings.

Requirements

• At least 1 year of experience in risk, underwriting, merchant onboarding or fraud within a card acquirer, payment institution or EMI;

• Practical knowledge of Visa and Mastercard rules, MCC classifications and merchant-risk monitoring;

• Working knowledge of AML/CTF principles and the ability to recognise and escalating financial crime red flags;

• Confidence analysing merchant and transaction data to identify patterns, anomalies and emerging risks;

• Sound judgement when recommending merchant approval, restrictions, remediation or exit;

• Strong attention to detail and the ability to maintain audit-ready case notes and risk files;

• Good written and spoken Latvian and English;

• The ability to collaborate effectively with AML, compliance, operations and commercial stakeholders.

Nice to Have

• Familiarity with VIRP, VAMP, ECP, EFM, MATCH or VMSS processes;

• Experience supporting enterprise-wide risk assessments or maintaining a risk register;

• Exposure to chargeback and dispute-management processes;

• Experience in a FinTech, EMI or acquiring business supervised by Latvijas Banka;

• A relevant AML, fraud, payments or risk qualification.

Key Competencies

• Analytical thinking and the ability to turn data into proportionate risk decisions;

• Clear written communication and disciplined documentation;

• Professional confidence when challenging or escalating merchant-risk concerns;

• Ownership, sound judgement and effective prioritisation across competing cases;

• Collaborative working across risk, AML, compliance and operational teams.

The Employer Offers

• A hybrid working arrangement based in Riga;

• A gross monthly salary of €2,500–€3,500, aligned with relevant experience;

• Direct exposure to merchant acquiring, fraud prevention and enterprise risk;

• Close collaboration with the Head of Risk and visibility into management-level decision-making;

• Opportunities for career growth within payments, compliance and risk management;

• Flexible hours where operational responsibilities allow;

• Support for professional development through relevant training and a learning budget;

• Modern equipment and the tools required to work effectively.

Bring your merchant-risk experience into a role where your analysis will directly influence onboarding decisions, portfolio quality and the company’s wider risk framework.