ACH Risk Analyst

5 days ago

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Maverick Payments

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Point-of-Sale Equipment, Terminals & Software • Credit Card Acceptance • Check & ACH Processing • Merchant Services • Credit Card Processing

51 - 200

Description

• Working under the direction of the VP Risk and Underwriting, responsible for oversight of merchant accounts. • Identify, investigate and mitigate activity that represents financial risk to the Company based on guidelines. • Conduct daily, weekly, monthly reviews of merchant ACH activity return rates and analyze for increased credit risk, transactional variations, and fraud patterns. • Monitor originations, returns and approval limits for merchant portfolio(s) and examine for abnormalities specific to ACH. • Provide detailed analysis to management as needed for decisioning. • Proactively monitor all merchant activities for compliance with applicable laws, rules, regulations, and policies and recommend appropriate actions. • Review and analyze financial, credit and publicly available information to support actions and decisions. • Assess and evaluate business model risk and exposure by evaluating merchant industry type, volume, refunds, delivery time frames and return rates. • Answer internal and external inquiries specific to ACH risk. • Enhanced knowledge of higher risk verticals, how to mitigate risks associated and calculate potential exposure. • Ability to aid other staff in all the above-listed functions as needed. • Supporting specialized projects on an as-needed basis as directed by Department or Company leadership.

Requirements

• High School Diploma or equivalent, bachelor’s degree a plus. • MUST HAVE 2+ years of experience engaged in ACH Merchant Risk and ACH return monitoring tasks. • 2 + years of experience in Risk/UW/ Compliance Management within the ACH industry. • Experience with high-risk ACH payment processing preferred. • Familiarity with ACH/ Nacha Operating Rules and Guidelines and its applications to Originator Risk Management. • Knowledgeable with various tools used for underwriting and due diligence (i.e. Equifax, TIN Check, GIACT). • Understanding of all verticals, or ability to interpret business vertical to determine risks involved through risk exposure calculation. • Proficiency with Microsoft products specifically Microsoft Excel. • Excellent time management, written and verbal communication skills. • Understanding of emerging technologies and trends in the ACH payments space. • AAP, APRP certification a plus or willingness to get certified (sponsored).

Benefits

• Competitive Salary, Bonuses and Incentives. • Comprehensive employer sponsored health, vision, and dental insurance programs. • Paid time off, Paid Sick and Paid Holidays. • 401K plan with up to a 3% matching contribution. • Commitment to Career Development and Advancement. • Employee Recognition Programs. • Vibrant Office Culture, Team Building, Birthdays, Work Anniversaries, Snacks, and more!