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Senior Credit Risk Analyst/Underwriter - Payments

  • Location: Manchester
  • Salary: £50,000 - £60,000 per year

Posted 7 days ago

​Our Client is on the search for an experienced Senior Underwriter / Credit Risk Analyst to take on the responsibility for first line merchant on-boarding, associated escalations, underwriting and account monitoring within the organisations regulated portfolio.

 Assess and evaluate new merchant applications incorporating all aspects of the customer due diligence journey for all types of organisation

 Apply deep industry knowledge of merchant sectors, consumer credit reports, KYB, financial statement analysis, chargeback and dispute processes to evaluate merchant applications

 Critically assess merchant application risk scores and propose appropriate security terms

 Complete periodic and ad hoc account reviews for existing merchants

 Own and maintain the Merchant Risk Register

 Act as an escalation point for risk events related to merchant activity

 Investigate Suspicious Activity Reports, escalating findings to the MLRO as appropriate

 Report trends in credit risk, fraud and/or monitoring alerts and recommend remedial action

 Continually assess the effectiveness of the merchant due diligence and monitoring processes

 Liaise with third party solution providers to improve customer due diligence and transaction monitoring capability

 Co-ordinate and prepare periodic regulatory reporting

 Evolve the credit risk policies in line with industry best practice and changes in the regulatory environment

 Maintain comprehensive credit risk process and procedure documentation to support the smooth running of the department on a day-to-day basis

 Credit risk SME to Product, Technology and Sales teams

About you

 3+ years of experience in credit risk role, ideally in a payments organisation, acquirer or equivalent Fintech business

 Financial statement analysis

 Deep understanding of end-to-end customer due diligence processes

 Able to develop effective risk and underwriting policy, scorecards and risk matrices

 Ability to calculate relevant exposure calculations i.e. non-delivery and incorporate into overall decision on risk terms

 Strong analytical, decision-making, and financial evaluation skills

 Knowledge and understanding of the UK regulatory landscape, the FCA Handbook and JMLSG guidance

 Highly proficient with MS Office software, especially Excel

 Ability to balance issue resolution with escalation to senior leadership

 Able to manage a varied workload and demonstrate excellent attention to detail

 First class face-to-face and written communication skills

 Self-starter with demonstrable track record of initiative and attention to detail

 Ability to work autonomously

What’s in it for you:

• Great home working flexibility

• Competitive salary and additional benefits

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.

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