Risk Analyst

Payarc; Greenwich (CT); On-site; USD 68,000 - 83,000; Full time

Job summary

Payarc is seeking a Risk Analyst to review merchant financials and credit, monitor fraud risk, and ensure compliance with banking rules. The role involves daily risk evaluation and collaboration with underwriting and client teams in a fast-paced payments environment.

Ideal candidates will have at least 6 months of experience in risk or underwriting, strong analytical skills, and proficiency with Microsoft Office. Bachelor's degree preferred; credit authority up to $75,000.

Qualifications

• 6+ months of relevant experience in risk or underwriting.
• Experience underwriting merchant services accounts preferred.
• Risk mitigation experience preferred.
• Advanced computer skills and Microsoft Office proficiency.
• Knowledge of acquiring business and industry trends.
• Bachelor's degree preferred.

Responsibilities

• Monitor merchant accounts for fraud and credit risk.
• Analyze financials and credit of merchants.
• Maintain compliance with laws and card brand rules.
• Collaborate with risk staff, underwriters, and clients.
• Provide risk mitigation guidance to clients.
• Manage changes in merchant limits and terminations.
• Maintain internal controls and documentation.
• Identify and trace suspicious activities.

Skills

Detail oriented

Ownership mindset

Team player

Technical aptitude

Interpersonal skills

Analytical skills

Decision making

Real-time decisions

Education

Bachelor's degree

Tools

Microsoft Office

Job description

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.

Job Summary

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.

Requirements

Responsibilities and 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
• Developing mitigation strategies and collateral structures to mitigate risk
• Periodically review 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 changes 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 $75,000
• Other duties as assigned

Skills/Competencies

• Detail oriented and must have the ability to prioritize all tasks appropriately
• Sense of ownership and pride in your performance and its impact on company’s success
• Team player
• Strong technical aptitude and willingness to learn
• Strong interpersonal skills for interacting effectively with key internal and external contacts
• Excellent analytical skills, strong attention to detail
• Judgement and resourcefulness to solve problems independently
• Able to make real-time decisions

Qualifications/Experience Required

• 6+ months of relevant experience
• Risk mitigation experience preferred
• Experience underwriting merchant services accounts preferred
• Advanced computer skills and proficient in Microsoft Office
• Possess knowledge of the acquiring business with respect to industry trends, business risk factors, merchant signing requirements and other operational procedures associated with booking merchants
• Bachelor's degree preferred

Payarc LLC is an Equal Opportunity Employer