Risk Analyst evaluates the vulnerability of an organization's assets to determine the potential risk factors. Performs statistical analysis to quantify risk and forecast probable outcomes. Being a Risk Analyst prepares reports and presents findings to assist management with decision-making while offering solutions to minimize or eliminate risks. Monitors internal and external risk factors including economic, market, and regulatory risks to continuously maintain maximum protection of an organization's assets. Additionally, Risk Analyst supports managers in risk management or risk model construction. Requires a bachelor's degree. Typically reports to a supervisor. The Risk Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Risk Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Position Overview:
The Credit Risk Analyst is primarily responsible for reviewing all incoming merchant applications and for reviewing daily transaction activity of existing merchants. The Credit Risk Analyst is responsible for conducting risk investigations into activity outside of approved merchant parameters and resolving cases according to department policies. These responsibilities are satisfied through communication with internal and external partners. The Credit Risk Analyst is tasked with ensuring compliance with the goals, objectives, and standards of the organization to meet customer satisfaction and deadlines.
Key Responsibilities:
· Review new merchant applications and decision in accordance with policy.
· Monitor merchants’ credit card processing activities to identify potential concerns using different risk monitoring tools.
· Answer internal staff, management team, sales partner, and merchant inquiries regarding the onboarding or risk investigations of accounts.
· Contact merchants, partners, and others as necessary to verify information and/or transactions.
· Review and analyze financial statements and credit reports.
· Maintain records of all underwriting and risk investigations performed.
· Perform periodic reviews of existing merchants.
· Complete management reporting as required.
· Perform other underwriting and risk related duties as assigned.
Requirements:
· Good communication skills, both written and verbal.
· Solid organizational and time management skills.
· Sound judgment, strong problem solving and analytical skills.
· Resourceful person that can take ownership of actions and initiative.
· Ability to learn quickly and to work both independently and as part of a team toward the achievement of company and team goals.
· Microsoft office skills with a strong working knowledge of Word and Excel.
Preferred:
· One years of merchant and/or payment experience in Underwriting or Risk roles.
· Bachelor’s degree (B.A.)
Job Type: Full-time
Pay: $55,000.00 - $65,000.00 per year
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Work Location: Hybrid remote in Portland, ME 04101