Job Description

Are you ready to go uP? 

• We are named in Top Workplaces NYC for 2024
• We are one of the winners of USPAACC’s Fast 100 Asian American Business awards
• We are recognized as one of the Top 5000 in Inc. Magazine’s Fastest Growing Private Companies
• We were a finalist for Best ISO of the Year by ETA in 2024
• We were awarded as a Growth Accelerator on the CO-100, an exclusive list that the U.S. Chamber of Commerce recognizes as America's top 100 small and medium sized businesses

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• You want to work at a minority owned Fintech company that empowers small to medium-sized businesses
• You are passionate to serve and support our local community and their growth
• You are given one month on-the-job paid training
• You get medical, vision, and dental coverage, generous PTO, and 401k 

Compensation: This is an exempt position, with a monthly salary of $5,625  during the probationary period. Upon successful completion of the probationary period, the base rate will increase to $6,250  per month.

Role Summary: The Risk Analyst role is a fully onsite position, 5 days a week. The Risk Analyst will be responsible for identifying, assessing, and mitigating risks related to merchant accounts, transactional behavior, and potential fraud. Additionally, the Risk Analyst will play a key role in supporting the underwriting team by evaluating new merchant applications and assisting with risk-based decision-making during the onboarding process.

Responsibilities:

• Monitor daily merchant processing activity for suspicious behavior, anomalies, and potential fraud indicators.
• Analyze transaction trends, chargebacks, reserves, and credit exposure to assess and manage ongoing risk.
• Conduct reviews and investigations of high-risk merchants, including those flagged in MATCH/TMF or associated with card brand violations.
• Assist the underwriting team in evaluating new merchant applications by assessing risk exposure based on business model, financials, processing volume, and industry type.
• Help structure deals by recommending appropriate reserve levels, rolling reserves, or processing limits.
• Review supporting documentation including bank statements, processing statements, financials, and business models to assess risk at onboarding and during merchant lifecycle reviews.
• Collaborate with Underwriting, Compliance, Legal, and Account Management teams on complex merchant approvals or escalations.
• Recommend mitigation strategies such as account holds, reserve changes, or termination of high-risk merchants.
• Prepare reports and presentations for internal stakeholders and regulators on portfolio risk exposure and trends.
• Contribute to the enhancement of internal risk models, monitoring tools, and underwriting guidelines.
• Stay informed on card brand rules (Visa, Mastercard), industry regulations, and emerging fraud trends.

Qualifications:

• Must be authorized to work in the US at the time of hire. We are an E-Verify employer!
• Bachelor’s degree in Finance, Economics, Business, Risk Management, or a related field (or equivalent experience).
• 3-5 years of experience in risk analysis, underwriting, or compliance within payment processing or financial services .
• Strong analytical and problem-solving skills with exceptional attention to detail.
• Experience evaluating credit risk, fraud, and merchant business models.
• Familiarity with chargeback management, MATCH lists, BIN violations, and reserve structures.
• Excellent written and verbal communication skills.
• Proficiency in Excel; experience with SQL or risk analytics platforms is a plus.

Preferred Skills:

• Prior experience supporting or working within an underwriting team.
• Familiarity with high-risk verticals and how to structure deals to mitigate exposure.
• Knowledge of compliance requirements including PCI-DSS, KYC, AML, and card brand guidelines.
• Bilingual proficiency in Mandarin-Chinese

About uP:
Since 2003, Universal Processing has dedicated itself to growing the unique needs of small and medium-sized businesses by putting people before profits. Differentiated from the major credit card processing providers, UP’s consultants and support team speak the languages its clients speak, and the business focuses on ingenious customer service, care, support, and reasonable pricing. Today, the Company successfully serves 22,000 clients across the nation. Within 10 years of business, the Company emerged as one of the fastest-growing payments processing companies in the U.S. Nominated as the best ISO of 2024 by ETA and awarded as a Growth Accelerator in CO-100, the Company is soon to become the second AAPI owned payment processor company in US history. In February 2024, Universal Processing changed its branding to Let’s Go uP, to commemorate its legacy and evolution.

To learn more, please visit us at: . 

Let's Go uP Together!

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