Senior PayFac Risk Manager

FinTechPayments & Cards
Apply Now

Apply Now

Attach a resume file. Accepted file types are DOC, DOCX, PDF, HTML, and TXT.
Attach an additional file, if applicable. Accepted file types are DOC, DOCX, PDF, HTML, and TXT.

We are uploading your application. It may take a few moments to read your resume. Please wait!

  • Location: Brooklyn
  • Type: Permanent
  • Job #13451

Senior PayFac Risk Manager

 

For our US client, a top-notch merchant service provider based in New York, we are looking for a Senior PayFac Risk Manager. The client enables businesses to accept credit cards, provides a full suite of payment services options, ACH, and check services in the US, UK and Canada. 

 

The Job

 

As a Senior PayFac Risk Manager, you take a major part in the expansion of the client’s Payment Facilitator Program. You will closely collaborate with management to manage and maintain the Payment Facilitator Program, including the establishment of guidelines, policies, procedures and continuous monitoring/modifying. Furthermore, account and transaction monitoring, front-end maintenance and backend monitoring, and finally leading the underwriting and assessment of new partner applications will be a responsibility of yours.

Day-to-Day

 

  • Establish risk and compliance guidelines and policies in accordance with current regulations

  • Provide guidance to Risk Analysts and Specialists within the established Company policies

  • Determine strategic working objectives and recommend changes to policies and establishes procedures

  • Implement appropriate controls to mitigate risk

  • Investigate and validate unusual or high-risk transactions with the card issuing bank, consumer, merchant and all relevant parties

  • Create reports, summaries, presentations, and process documents to display results of account performance trends

  • Interface regularly with clients, merchants, and bank partners to effectively manage risk

  • Work closely with the Product and Development Teams to maintain, update and manage account onboarding and transaction monitoring systems

  • Serve as subject matter expert and key point of contact for all departments on issues and questions relating to risk and compliance policies and procedures

  • Develop, document, implement, and monitor key risk indicators, risk management standards, policies, procedures, and processes utilizing contemporary industry risk management standards and best practices

  • Ensure proper document and record retention policies are in place and followed, in accordance with various regulations and industry requirements

  • Review and investigate merchant account transactional activity in order to evaluate financial risk

  • Monitor merchant activities to identify fraud, violation of the merchant agreement, and potential exposure

 

Required Skills

 

  • Bachelor’s Degree in Business, Finance or related field

  • 7+ years of related industry experience

  • Experience in Aperia Risk Management and Transaction Monitoring and Reporting Tools

  • Hands-on experience in creating a new department/function and developing new policies, procedures, training, etc.

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

  • Proven track record in managing and analyzing financial instruments such as P&L, Balance Sheet, Income Statement and Banking Records

  • Ability to develop and execute business vision, strategies, and goals

  • Strong written and verbal communication skills with the ability to interact with partners and clients in high pressure situations.

  • Strong IT skills, especially Microsoft Suite applications

 

Interested?

Get in touch with

Ivan McConville

emailaddress

Similar Jobs

Business Development Manager

FinTech

Customer Success Manager

FinanceFinTech

Manager – Structured Finance

FinTech

Digital Sales Officer

FinancePayments & Cards

But first, cookies

We use cookies to improve your experience and deliver personalized content. By using this website, you agree to our Privacy Policy.
New podcast: An Interview with Tom van Wees and Roderick de Koning, CCO and CEO of Ginger Payments