Job Description
Job Description As a Risk Analyst in our Risk Management Function you’ll play a critical role in safeguarding our business while driving operational excellence. This is your opportunity to become a key player in our cross-functional risk efforts and contribute to our ongoing success. Key Areas of Focus: Collaborate on risk management initiatives across underwriting, fraud, and card scheme matters. Provide strategic risk advice to the business and operational teams, helping them navigate complex risk environments. Lead efforts to improve standards, frameworks, methodologies, and procedures for enhanced risk management. Support the development and management of risk registers and Risk Control Self-Assessments (RCSAs). What You'll Be Doing: Cross-Functional Risk Reporting: Regularly report on relevant risks both internally and externally, ensuring alignment with business objectives. Merchant Credit & Fraud Risk Assessments: Assess and approve credit and fraud risk for both new and existing merchants, handling high-exposure facilities within your authority or through escalation. Merchant Reviews: Conduct thorough financial and non-financial reviews of merchant facilities, collaborating with internal teams and merchants to gather necessary documentation. Distressed Merchant Strategies: Recommend risk mitigation strategies for distressed merchants and liaise with external bodies such as administrators to drive resolution. Sector Risk Escalation: Monitor emerging problem sectors, escalating concerns and suggesting enhanced controls or policy guidelines when necessary. Merchant Risk Improvement: Provide recommendations on merchant-related risk products, policies, and processes to boost operational efficiency and mitigate risks. Portfolio Risk Management: Track and report on portfolio risks related to card schemes and internal risk limits, while investigating anomalous merchant behaviours to improve internal processes. Support Growth Initiatives: Assist with new product launches and entry into new jurisdictions by identifying relevant risks and proposing mitigation strategies. Collaborative Communication: Build strong relationships with internal stakeholders, sharing insights and fostering a culture of risk awareness. Strategic Support: Work closely with the CRO and Risk teams on various ad-hoc projects and activities to enhance the risk function’s impact. Qualifications What We're Looking For: Several years of experience in payments risk management, with expertise in fraud, credit risk, and card scheme risk. A deep understanding of the card acquiring and acceptance space. Proven experience in credit risk management and merchant underwriting. Up-to-date knowledge of card scheme rules related to risk management, including fraud, chargebacks, delayed delivery exposure, high-risk programs, etc. Strong financial analysis skills with the ability to extract insights using SQL. Advanced Excel skills with a desire to continue leveraging this tool for data analysis. Excellent communication and teamwork skills. Highly organized and unafraid to challenge and motivate both yourself and others. Additional Information The Perks We trust you, so we offer flexible working hours, as long it suits both you and your team; Physical and mental health support through our partnership with GymPass giving free access to over 1,500 gyms in the UK, 1-1 therapy, meditation sessions, digital fitness and nutrition apps; Our company offers extended and improved maternity and paternity leave choices, giving employees more flexibility and support; Cycle-to-Work Scheme; Health and Life Insurance; Pension Scheme; 25 days of Annual Leave (+ Bank Holidays); Office snacks every day; Friendly, comfortable and informal office environment in Central London.