Risk Analyst

Red Dot Payment Pte Ltd; Singapore; On-site; SGD 36,000 - 60,000; Full time

Job summary

A leading company in digital payment solutions is seeking a professional for a key role in merchant onboarding and compliance. You will ensure that onboarding processes meet regulatory standards and maintain merchant profiles effectively. The ideal candidate possesses strong analytical skills, knowledge of risk management, and the ability to multitask under tight timelines. This position offers an exciting opportunity to contribute to risk management strategies while collaborating with various stakeholders.

Qualifications

• Undergraduate in relevant fields or knowledge of AML/CDD/risk management.
• Prior experience in CDD/KYC/risk management/AML preferred.

Responsibilities

• Conduct customer due diligence (CDD) for onboarding new merchants.
• Prepare monthly report on risk portfolio and merchant performance.
• Research to ensure adherence to regulatory requirements.

Skills

Analytical skills

Communication skills

Multitasking

Quantitative problem-solving

Qualitative problem-solving

Education

Undergraduate degree

Knowledge of anti-money laundering (AML)

Knowledge of customer due diligence

Knowledge of risk management

Tools

Excel

Job description

Role summary:

- To ensure effective onboarding processes for merchants and maintaining existing merchant’s profile, including online and offline merchants.

• Conduct customer due diligence (CDD) to onboard new merchants and for profile maintenance

• Review application/ refresh document and ensure that they contain all relevant documents

• Follow company’s CDD policy to assign risk level to merchants and to ensure the application compliant with regulations

• Communicate with external partners such as send completed application packages and follow up for merchant account to be released

• To collaborate with internal stakeholder and merchants when necessary.

• Prepare monthly report on risk portfolio and merchant performance

• Conduct investigations on abnormalities of merchant accounts in risk and underwriting prospective

• Handle day-to day underwriting tasks

• Research and maintain current knowledge to ensure adherence with all applicable regulatory requirements (on Compliance, Risk and Fraud), Risk Management policy and procedures, and adhere to all such standards, both legal and regulatory, to avoid exposing the company to undue risk.

• Support other ad-hoc duties

Requirements:

• Undergraduate in all aspect or candidates with knowledge of anti-money laundering (AML), customer due diligence and risk management

• Ability to multitask and work under tight timelines

• Ability to approach problems in a quantitative and qualitative manner

• Good analytical skills to analyse complex data

• Sound communication skills

• Proficiency in Excel

Prior experience in CDD/ KYC/ risk management/ AML would be an advantage.