Payments Risk Analyst

Job Type

Full-time

Description

Position Overview:

Evaluate, analyze and monitor the risk posed by continuing merchant services and payments business clients. Perform regular risk monitoring and collaborate with internal partners to mitigate and limit risk exposure within the payments business line.

Primary Responsibilities:

Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers:

• Utilize various monitoring tools to identify client activity within the payments business line which exposes the bank to risk. Escalate or resolve issues with internal or external partners to mitigate risk to the bank, minimize losses and maintain compliance. • Conduct periodic due diligence on existing clients and partners (MATCH, LexisNexis, PCI-DSS Certifications) to ensure stable risk profile of the client.
• Perform periodic financial review of existing merchant and payments processing relationships to minimize risk. Recommend reserve adjustments based on updated risk exposure calculation reviews. • Provide oversight of sponsor only relationships to maintain compliance. • Audit underwriting and risk of sponsored business generated through partner relationships with ISOs. • Assist department manager with completion of quarterly and annual reporting, as needed.
• Stay current with industry developments, regulations and all applicable regulations.
Other Responsibilities:

Perform related and unrelated duties as may be required.

Requirements

• Bachelor's degree in business, economics or related field • 1-3 years of work experience including underwriting, financial analysis or risk analysis, preferably in the payments or merchant acquisition space. • Experience with and an understanding of merchant acquisition, third-party payment processing and/or ACH. • Strong analytical, data analysis and communication skills. • Familiarity with various banking regulations and compliance, preferably in the payments space. • Demonstrated ability and desire to learn new concepts and adapt to a rapidly changing segment of banking. • Facility with technology including the MS Office suite, research tools like LexisNexis, and other enterprise level business software.
Avidia Bank is an Equal Opportunity Employer/Veterans/Disabled

Member FDIC/DIF

PM21

Avidia Bank

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