Job Description
About the role:Risk officer should be in the process of identifying, measuring and mitigating the risks, that may cause financial or reputational loss to the organization. The intention of the personal should be contributing to the organization/product for the successful continuation of its operations.
About the team:Tasks: Payouts- Pre and Post-onboarding Risk monitoring, Merchant Credit Risk – Merchant financial & business surveillance reporting.
Team: The team deals with Pre-Onboarding & post-Onboarding risk of Payouts and Manages Merchant Credit risk portfolio.
What you'll be doing:
- Task before Merchant onboarding:
- The risk officer is expected to validate all the details, business use case/requirement placed by the Merchant/Business as per the Pre-Onboarding checklist and perform the due diligence before sending the recommendation to L2.
- Analyzing and highlighting any AML risk which may be associated while offering our services to the Merchants;
- Sharing anomalies and findings on weekly basis to make changes in onboarding and from monitoring perspective;
- Engaging with the business to know the Merchant and gather relevant information as may be available in relation to business of the Merchant; will be expected to check inputs received from the Merchants/Business team and do further verification
- To understand the Merchant’s business and use of the product as applied by the Merchant.
- Tasks for Active accounts:
- Risk Monitoring, Risk Identification, Risk assessment, Risk mitigation and Risk reporting
- Tracking productivity, cascading process updates, allocation of work, completion of allocated work
- Coordinating with stakeholders for risk related queries (Calls, emails)
- Tracking of workflow, working with projects team for simplification of processes.
- Merchant Credit Risk:
- Weekly business surveillance reporting to Head of Risk
- Monthly financial and adverse media reporting of the top merchants
- Coordinating with the Credit risk underwriter to prepare the assessment report.
- Highlighting cases having negative surveillance/adverse media to the internal team.
What are we looking for?
- Banking/Payments experience of 3 to 5 years or more.
- Excellent communications skills, an eye for detail
- Knowledge of Microsoft excel, PowerPoint and Word are necessary
