Risk Analyst

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 AccountsIndividual is responsible for financial analysis of prospective merchant accounts in accordance with the Merchant Services Policy and Card Brand regulationsDeveloping mitigation strategies and collateral structures to mitigate riskPeriodically review existing merchants to ensure compliance with Financial Guidelines and risk standardsWorks closely with risk staff, underwriters, and client liaisons to manage risk perceptions on accounts, communicate information obtained about activity and facilitate resolutionsCommunicate merchant account changes decisions effectively in both verbal and written communicationResponsible for establishing and maintaining relationships with assigned clientsProviding ongoing education and guidance to clients regarding risk mitigation strategiesProvide operational assistance as needed with changes in customer’s limits, merchant accounts changes and terminationsCollaborate with various departments throughout the organization to improve the quality of tasks and proceduresAdhere 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 transactionsAnalyze credit and financial statementsCredit authority of $75,000Other duties as assigned Skills/Competencies Detail oriented and must have the ability to prioritize all tasks appropriatelySense of ownership and pride in your performance and its impact on company’s successTeam playerStrong technical aptitude and willingness to learnStrong interpersonal skills for interacting effectively with key internal and external contactsExcellent analytical skills, strong attention to detailJudgement and resourcefulness to solve problems independentlyAble to make real-time decisions Qualifications/Experience Required 6+ months of relevant experienceRisk mitigation experience preferredExperience underwriting merchant services accounts preferredAdvanced computer skills and proficient in Microsoft OfficePossess knowledge of the acquiring business with respect to industry trends, business risk factors, merchant signing requirements and other operational procedures associated with booking merchantsBachelor's degree preferred Payarc LLC is an Equal Opportunity Employer