Credit Risk Underwriter

The goal of the Risk and Underwriting Department is to mitigate financial loss to the company through proactive merchant review and analysis. This position reports to the Regional Director, Risk & Underwriting Operations.

The Credit Risk Underwriter will proactively review incoming merchant applications for Fraud and Credit Risk and analyze said referrals to qualify their credit worthiness.

The Candidate will utilize a host of tools to review and analyze merchant activity, business structure, and financial exposure. This information will be used to decision individual accounts.

Main Duties / Responsibilities

·       Review merchant applications and determine if main activity falls outside of approved parameters.

·       Identify, investigate and report potentially suspicious applications.

·       Perform all necessary KYC/KYB functions in accordance with scheme and regulatory rules.

·       Make decisions regarding the disposition of merchant processing activity to mitigate losses to the company.

·       Assist in the mitigation of losses by ensuring activities are an accurate representation of merchant’s business model.

·       Provide various reporting to management.

·       Ability to work evenings and weekends.

·       Conduct detailed credit & risk analysis of applying merchant accounts to determine creditworthiness as well as identifying potential risks.

·       Demonstrate strong methodical skills in analyzing data, drawing meaningful conclusions, preparing written summary of results in accordance with department procedures & making holistic business recommendations.

·       Maintain communication & collaboration with partners, merchants & co-workers.

·       Process applications efficiently & with analytical thinking to reduce & streamline the workload of the underwriting department within a reasonable time frame.

·       Answer internal and external inquiries regarding Underwriting issues.

Functional Proficiencies

·       Bachelors in finance or the equivalent in relevant experience and training.

·       2 years’ experience in risk management and/or underwriting.

·       Strong analytical skills.

·       Experience payments or bank card industry.

·       Knowledge of card scheme rules, regulations, and registration requirements

·       Good practical knowledge of Excel.

·       Good business sense.

·       Excellent verbal and written communications skills.

·       Ability to work in a fast-paced environment.

English, Mandarin (written and spoken)