Merchant Risk and Underwriting Specialist
Job Summary
Job Description
As a Merchant Risk and Underwriting Specialist, you will assess and manage risks associated with merchant accounts. Your responsibilities include underwriting new merchant applications, conducting risk assessments, and implementing strategies to mitigate fraud and financial losses. This role involves analyzing transaction data, ensuring compliance with payment regulations, monitoring accounts, and communicating with stakeholders. You will also identify process improvements and assist in developing underwriting policies. Additionally, you will be required to perform shift duties and undertake other tasks assigned by the management.
Must have:
- Evaluate merchant applications and conduct comprehensive risk assessments.
- Analyze transaction data to assess merchant risk profiles.
- Ensure compliance with payment network rules and regulations.
- Strong understanding of KYC, KYB, AML, and fraud risk management frameworks.
- Familiarity with payment schemes (Visa, Mastercard, UnionPay) and compliance regulations.
- Analytical mindset with strong problem-solving and decision-making abilities.
6 skills required
Job Details
Joining Razer will place you on a global mission to revolutionize the way the world games. Razer is a place to do great work, offering you the opportunity to make an impact globally while working across a global team located across 5 continents. Razer is also a great place to work, providing you the unique, gamer-centric #LifeAtRazer experience that will put you in an accelerated growth, both personally and professionally.
Job Responsibilities :
As a Merchant Risk and Underwriting Specialist, you will play a crucial role in assessing and managing risks associated with merchant accounts. You will be responsible for underwriting new merchant applications, conducting risk assessments, and implementing strategies to mitigate potential fraud and financial losses. This role requires strong analytical skills, attention to detail, and a thorough understanding of payment processing regulations and industry best practices.- Evaluate merchant applications and conduct comprehensive risk assessments to determine eligibility for account approval.
- Analyze transaction data, financial statements, and other relevant information to assess merchant risk profiles and identify potential red flags.
- Ensure compliance with payment network rules, regulations, and internal policies governing merchant account management and underwriting procedures.
- Monitor merchant accounts for changes in risk profiles and implement appropriate risk management strategies, including account monitoring, limit adjustments, and account closures.
- Perform ODD and periodic reviews of existing merchants to detect suspicious activities.
- Communicate effectively with internal stakeholders, including sales, operations, and risk management teams, to provide insights and recommendations on merchant risk management strategies.
- Maintain accurate and detailed records of merchant underwriting decisions, risk assessments, and account monitoring activities.
- Identify opportunities for process improvement and optimization in merchant risk management practices, driving efficiency and effectiveness.
- Assist in developing and improving underwriting policies, workflows, and documentation.
- Perform shift duties and undertake any other tasks assigned by the management as required.
Pre-Requisites:
- Bachelor’s degree in Finance, Business, Risk Management, or a related field.
- 1-3 years of experience in merchant underwriting, risk assessment, or fraud prevention (eCommerce payments experience is a plus).
- Strong understanding of KYC, KYB, AML, and fraud risk management frameworks.
- Familiarity with payment schemes (Visa, Mastercard, UnionPay) and compliance regulations.
- Proficiency in using risk management tools, payment processing platforms, and CRM systems.
- Analytical mindset with strong problem-solving and decision-making abilities.
- Excellent communication and interpersonal skills.
- Ability to work in a fast-paced environment and handle multiple tasks efficiently.
- Must be willing to perform shift duties and accept any tasks assigned by management as required.
Pre-Requisites :
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About The Company
At Razer, you'll be at the forefront of the most exciting industry in the world — gaming. Evolving forms of gaming require evolving forms of hardware, software and services. That’s where Razer comes in, offering innovative top-of-the-line products and services to allow gamers to fully immerse in the ultimate gaming experience.Getting onboard Razer will place you on a global mission to bring gamers closer to the games they love. Razer is a place to do great work, offering you the opportunity to be a part of a global team across 11 countries. Whether you are a hardcore evangelist who breathe life to the latest and greatest gaming gear or a behind-the-scene hero who runs our global operations, you are assured of a career-changing quest that transcends time zones and culture with one single spell: For Gamers. By Gamers.The journey towards phenomenal-ness won’t come easy. However, we will excel because gamers rely on teamwork. We achieve greatness because we are wicked problem-solvers and tenacious in clinching victories in all that we do. It is the team that makes Razer where it is today and will continue to bring Razer to even greater heights.
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