Senior Risk Underwriter

Key Responsibilities

• Design, document, and streamline policies, processes, and boarding procedures, ensuring efficiency and compliance.
• Act as a liaison between cross-functional teams including Product, Engineering, and Sales to facilitate seamless collaboration.
• Contribute significantly to both internal and external audits under the guidance of the Risk Director.
• Evaluate and underwrite new merchant account applications in adherence to company standards.
• Assess ongoing risk and due diligence requirements for newly onboarded customers, aligning with enterprise policies.
• Utilize transaction data analysis to detect fraud, credit, and compliance risks, and implement necessary risk-mitigating actions.
• Perform comprehensive due diligence on accounts flagged in transaction monitoring, chargeback activity, AML, fraud, and sanctions reports.
• Document risk decisions with supporting evidence and document risk mitigation actions taken.
• Complete Suspicious Activity Reports accurately and in a timely manner

Basic Qualifications

• 10+ years of experience on a risk team with a focus on merchant account underwriting, BSA/AML principles, fraud investigations, and suspicious activity reporting.
• Thorough understanding of merchant underwriting best practices, including KYC, KYB, AML, and OFAC requirements.
• Familiarity with card brands, NACHA, and compliance regulations applicable to sponsored direct merchant accounts and Payment Facilitators.
• Knowledge of compliance obligations for merchant acquiring platforms.

Bonus Qualifications

• CAMS, CFE, and/or CFCS certification.
• Experience working in risk at a merchant acquiring: direct to merchant or PayFac.

Salary: $120,000 - $170,000 depending on experience