Underwriting Risk Analyst

JR United Kingdom; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

A fast-growing FinTech company is seeking an experienced Underwriting Risk Analyst to join their dynamic team. In this role, you will assess merchant applications, identify potential risks, and ensure compliance with regulatory requirements. The ideal candidate will have a strong analytical mindset, experience in risk assessment, and a keen interest in the payments landscape. This position offers an exciting opportunity to contribute to a forward-thinking organization and make a significant impact in the evolving financial services industry.

Qualifications

• 2+ years of experience in underwriting or risk analysis in financial services.
• Strong understanding of card payment processing and merchant acquiring.

Responsibilities

• Conduct underwriting reviews for new and existing merchants.
• Analyse transaction patterns and fraud indicators.

Skills

Analytical mindset

Risk assessment

Problem-solving skills

Excellent communication

Stakeholder management

Tools

Risk assessment tools

Fraud detection software

Data analysis platforms

SQL

Python

Job description

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A fast-growing FinTech in the payments acquiring space is looking for an experienced Underwriting Risk Analyst to join their growing business.

As an Underwriting Risk Analyst, you'll assess merchant applications, identify potential risks, and ensure compliance with regulatory requirements. This role is ideal for someone with a strong analytical mindset, risk assessment experience, and an interest in the evolving payments landscape.

Key Responsibilities:

1. Conduct underwriting reviews for new and existing merchants
2. Analyse transaction patterns, chargeback ratios, and fraud indicators
3. Identify high-risk industries and merchants, applying enhanced due diligence
4. Collaborate with compliance and legal teams on regulatory adherence
5. Make data-driven recommendations on approvals, declines, or mitigation strategies
6. Monitor merchant activity to detect unusual transaction behaviour
7. Work cross-functionally with Sales, Compliance, and Operations teams

What We’re Looking For:

1. 2+ years of experience in underwriting, risk analysis, or fraud prevention (payments or financial services industry preferred)
2. Strong understanding of card payment processing and merchant acquiring
3. Proficiency in risk assessment tools, fraud detection software, and data analysis platforms
4. Analytical mindset with problem-solving skills
5. Excellent communication and stakeholder management skills
6. Knowledge of SQL, Python, or data analysis tools is a plus