Risk Analyst
Risk Analyst
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Job Description
Are you ready to go uP
- We are named in Top Workplaces NYC for 2024
- We are one of the winners of USPAACCs Fast 100 Asian American Business awards
- We are recognized as one of the Top 5000 in Inc. Magazines Fastest Growing Private Companies
- We were a finalist for Best ISO of the Year by ETA in 2024
- We were awarded as a Growth Accelerator on the CO-100 an exclusive list that the U.S. Chamber of Commerce recognizes as Americas top 100 small and medium sized businesses
Want to learn more about our company events
Click here: Should You Join Universal Processing
- You want to work at a minority owned Fintech company that empowers small to medium-sized businesses
- You are passionate to serve and support our local community and their growth
- You are given one month on-the-job paid training
- You get medical vision and dental coverage generous PTO and 401k
- You earn uncapped commission and generous bonuses
Compensation: This is an exempt position with a monthly salary of $4500 during the probationary period. Upon successful completion of the probationary period the base rate will increase to $5000 per month.
Role Summary: The Risk Analyst role is a fully onsite position 5 days a week. The Risk Analyst will be responsible for identifying assessing and mitigating risks related to merchant accounts transactional behavior and potential fraud. Additionally the Risk Analyst will play a key role in supporting the underwriting team by evaluating new merchant applications and assisting with risk-based decision-making during the onboarding process.
Responsibilities:
- Monitor daily merchant processing activity for suspicious behavior anomalies and potential fraud indicators.
- Analyze transaction trends chargebacks reserves and credit exposure to assess and manage ongoing risk.
- Conduct reviews and investigations of high-risk merchants including those flagged in MATCH/TMF or associated with card brand violations.
- Assist the underwriting team in evaluating new merchant applications by assessing risk exposure based on business model financials processing volume and industry type.
- Help structure deals by recommending appropriate reserve levels rolling reserves or processing limits.
- Review supporting documentation including bank statements processing statements financials and business models to assess risk at onboarding and during merchant lifecycle reviews.
- Collaborate with Underwriting Compliance Legal and Account Management teams on complex merchant approvals or escalations.
- Recommend mitigation strategies such as account holds reserve changes or termination of high-risk merchants.
- Prepare reports and presentations for internal stakeholders and regulators on portfolio risk exposure and trends.
- Contribute to the enhancement of internal risk models monitoring tools and underwriting guidelines.
- Stay informed on card brand rules (Visa Mastercard) industry regulations and emerging fraud trends.
Qualifications:
- Must be authorized to work in the US at the time of hire. We are an E-Verify employer!
- Bachelors degree in Finance Economics Business Risk Management or a related field (or equivalent experience).
- 2 years of experience in risk analysis underwriting or compliance within payment processing or financial services.
- Strong analytical and problem-solving skills with exceptional attention to detail.
- Experience evaluating credit risk fraud and merchant business models.
- Familiarity with chargeback management MATCH lists BIN violations and reserve structures.
- Excellent written and verbal communication skills.
- Proficiency in Excel; experience with SQL or risk analytics platforms is a plus.
Preferred Skills:
- Prior experience supporting or working within an underwriting team.
- Familiarity with high-risk verticals and how to structure deals to mitigate exposure.
- Knowledge of compliance requirements including PCI-DSS KYC AML and card brand guidelines.
- Bilingual proficiency in Mandarin-Chinese
About uP:
Since 2003 Universal Processing has dedicated itself to growing the unique needs of small and medium-sized businesses by putting people before profits. Differentiated from the major credit card processing providers UPs consultants and support team speak the languages its clients speak and the business focuses on ingenious customer service care support and reasonable pricing. Today the Company successfully serves 22000 clients across the nation. Within 10 years of business the Company emerged as one of the fastest-growing payments processing companies in the U.S. Nominated as the best ISO of 2024 by ETA and awarded as a Growth Accelerator in CO-100 the Company is soon to become the second AAPI owned payment processor company in US history. In February 2024 Universal Processing changed its branding to Lets Go uP to commemorate its legacy and evolution.
At Lets Go uP we are an equal employment opportunity employer.
To learn more please visit us at: .
Lets Go uP Together!
Required Experience:
Manager
Employment Type
Full-Time
