Pay.com

Senior Underwriting Specialist

Pay.com

full-time

Posted on:

Location Type: Hybrid

Location: Limassol • Cyprus

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Job Level

Senior

About the role

  • Collaborate with the onboarding and sales teams to collect, review and provide feedback on Merchants Onboarding documentation and requirements according to the AML and Risk requirements.
  • Communicate with Merchants in case needed to resolve pending onboarding tasks
  • Perform merchants’ renewals according to the AML and Risk requirements
  • Resolve screening results from screening, website crawling and ID verification vendors.
  • Review AML, Risk Fraud and onboarding Flags and proceed to solving them based on the department’s manual or escalate to the Head of UW as needed.
  • Communicate with Merchants and the sales/onboarding teams for the onboarding requirements and the on-going review of the account
  • Communicate with the AML and Risk teams for escalations, clarifications and approvals as needed.
  • Perform reporting on a regular and ad hoc basis
  • Perform partners Due Diligence according to the department’s manuals
  • Review Risk and AML scoring results and assign the relevant categorization to the clients following the Onboarding and AML procedures
  • Perform Fraud, Chargeback and Rolling Reserve Analysis to assess the Risk Level of a prospective merchant
  • Perform website reviews according to the Card Schemes, AML and Risk requirements
  • Perform website traffic review and plausibility checks to assess the level of Risk of a Merchant and suggest rejection/approval to the Head of UW and/or the Risk/AML Departments.
  • Collect and review the financial statements or management accounts of the prospective merchants to identify critical ratios and items as instructed on the UW manual.
  • Access the Registrar of companies of several countries to obtain documentation for the prospective or existing Merchants
  • Work closely with the RnD and Product teams for system feature requests, improvements, QA and requirements
  • Follow the existing procedures and suggest improvements based on merchants’ and interdepartmental feedback
  • Fill ISR reports where relevant
  • Keep clients records up to date
  • Assist with departments projects as needed.

Requirements

  • At least 3 years of experience in a similar role in a regulated financial institution
  • Experience in the Payments Industry will be considered a big advantage
  • Prior experience of underwriting corporate legal entities is a must either from the Risk or the AML perspective
  • AML or Risk Certifications will be considered an advantage
  • Team player
  • English at a fluent or native level
  • Excellent Communication skills
  • Attention to Detail
Benefits
  • Flexible working hours
  • Balance work between the office and home
  • Homemade Lunch Mon-Thu and happy hour on Fridays
  • Medical Insurance after the probation period
  • Provident Fund after the probation period
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
AMLRisk ManagementFraud AnalysisDue DiligenceWebsite CrawlingID VerificationFinancial Statement ReviewChargeback AnalysisRisk ScoringOnboarding Procedures
Soft Skills
Team PlayerExcellent CommunicationAttention to Detail
Certifications
AML CertificationRisk Certification