Risk Analyst I
Risk Analyst I
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The Risk Analyst I is responsible for daily exception-based monitoring and review of incoming merchant account requests via a ticketing system. These duties ensure current and accurate merchant information is updated and assist in fraud and loss prevention. As part of a larger team the Risk Analyst I will be expected to communicate effectively with peers leadership and merchant/partner customers through verbal written email and other communication channels.
Key Responsibilities & Objectives
- Conduct transactional and behavioral analysis of merchant activity to identify trends variations patterns and insights relating to the identification of suspicious or anomalous activity.
- Monitor merchant activity through exception reporting for current transaction activity as well as historical behavioral monitoring for risk related to chargebacks fraud or settlement rejects.
- Analyze credit processing history bank statements and business model obtained during underwriting and/or periodic reviews to identify risks.
- Ongoing credit risk monitoring using third-party tools to mitigate risk.
- Update merchant parameters to reflect acceptable performance patterns and field inbound requests through direct support and/or partner/merchant communications.
- Maintain records of risk investigations actions and relevant communications related to risk inquires.
- Participate in process creation policy/procedure creation and maintenance and reporting to management.
- Participate in team meetings risk assessments and other development activities.
- Maintain responsibility for follow-up requests for post-underwriting review.
- Work closely with cross functional departments with risk related issues in day-to-day operations.
- Other duties as assigned
- Prior experience is not required but any experience in risk management financial services payment industry or related fields is a plus.
- Experience in basic risk management and risk assessment functions including creation and maintenance of controls supporting loss prevention or recovery.
- Knowledge of industry standards and regulations (PCI KYC KYB AML).
- Strong writing skills and the ability to communicate information about complex regulatory issues to stakeholders in a clear and easy to understand way.
- Proficiency in Microsoft Office Suite (especially Excel) for data analysis and reporting
- Ability to effectively thrive in a rapid-paced working environment with tight deadlines.
- Team-focused positive attitude and good sense of humor.
Required Experience:
IC
Employment Type
Full-Time
