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Payarc · 8 hours ago

Risk Analyst

Greenwich,CT,US

Full-time

Onsite

New Grad, Entry Level

0+ years exp

Payarc is a technology-driven company focused on empowering organizations through payment processing solutions. The Risk Analyst will review and analyze financials and credit of merchant accounts, monitor fraud and credit risk exposure, and ensure compliance with regulations.

Financial ExchangesFinancial ServicesOnline PortalsSoftwareTransaction Processing

Responsibilities

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

Qualification

Risk mitigationFinancial analysisUnderwriting merchant servicesMicrosoft OfficeAnalytical skillsInterpersonal skillsDetail orientedTeam player

Required

6+ months of relevant experience

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