Underwriter (EMI/Payments)

McLaughlin Young; Stockholms kommun; On-site; SEK 800,000 - 1,000,000; Full time

Benefits offered by this job

Performance bonuses

Hybrid work model

Pension plan

Healthcare allowance

Birthday day off

Career growth

Job summary

McLaughlin Young is seeking an experienced Risk Underwriter to serve as the primary gatekeeper for merchant onboarding and risk assessment. You will analyze acquiring and card merchant applications, ensuring compliance with KYC/CDD and card schemes rules.

Responsibilities include reviewing applications, managing the underwriting pipeline, and delivering reports to management while staying ahead of fraud trends. Hybrid work model available in Sweden.

Qualifications

• 3–5 years of hands-on underwriting experience in FinTech/Payments.
• Strong knowledge of KYC requirements, card schemes, and CDD.
• Ability to read and evaluate complex financial statements.

Responsibilities

• Review merchant applications promptly and manage underwriting queue.
• Analyze risk per company policy to mitigate fraud exposure.
• interpret KYC, CDD, and card scheme rules for onboarding.
• Read consumer credit reports and processing statements for risk.
• Produce underwriting reports and KPIs for management.
• Train new hires and support underwriting best practices.
• Monitor emerging fraud trends and collaborate with Risk.
• Communicate findings and recommendations to senior management.

Skills

Risk underwriting

KYC

Card schemes

Fraud risk

Financial statements

Credit risk

Communication skills

Education

Bachelor's degree in Finance/Business

FinTech/Payments knowledge

Job description

JOB OVERVIEW:

Our team is growing and we are looking to hire an experienced Risk Underwriter! The scope of the role is to serve as a primary gatekeeper for merchant onboarding and risk assessment. This role is responsible for analyzing acquiring and card merchant applications and assessing if applications meet the company’s risk policy requirements to mitigate exposure to application fraud and high-risk processing.

JOB DESCRIPTION:

• Review new merchant applications in a timely and efficient manner.
• Manage pending lists and process multiple accounts assigned to you in the Underwriting pipeline.
• Interact with both internal and external sales agents and merchants to resolve pending items required for merchant applications.
• Demonstrate a strong understanding of KYC (Know Your Customer) requirements, Card Schemes rules, FinCEN ruling on Beneficial Ownership and CDD (Customer Due Diligence).
• Understand and analyze Consumer Credit Reports and Mastercard (MATCH) and Visa (VMASS) card systems.
• Read and evaluate complex Financial Statements.
• Review and analyze business bank statements and merchant processing statements, identifying chargeback and refund exposure.
• Identify fraudulent merchant application submissions through thorough analysis and use of internal and external underwriting tools.
• Provide underwriting reports and KPIs for management.
• Assist in cross-departmental training and new hires with underwriting best practices and sound credit risk principles.
• Follow and assists in maintaining Underwriting departmental policies and procedures.
• Stay current with all new and emerging fraud and risk trends within the industry
• Partner with the Risk department to detect and prevent fraudulent activity post approval.
• Communicate findings and translate analytical results into meaningful business recommendations to senior Management team.

PERSON SPECIFICATION:

• At least 3-5 years of experience hands-on relevant experience as an Underwriter within the FinTech/Payments industry.
• Knowledge of various business models and associated risks, including high risk and card- not-present merchants.
• AbilitytoreadandevaluatecomplexFinancialStatements.
• StrongunderstandingofKYCrequirementswithintheindustry.
• BusinessfluencyinEnglishlanguage.
• Highattentiontodetail.
• Strongcommunicationskills,bothinwrittenandverbalform.
• BusinessacumenandstrongProblem-Solvingabilities.
• Abachelor'sdegreeinFinance,BusinessAdministrationand/oranyotherrelatedfield.

WHATWEOFFER:

• CompetitiveRemunerationPackage,includingdiscretionaryannualperformance-basedbonuses
• Work-LifeBalance;flexibleworkinghoursandhybridmodel(2-3daysremotework)
• PensionPlan
• Healthcare/Wellnessallowancefee
• Birthdaydayoff
• Dynamic career growth in an innovative and fast-growing Global company