Underwriting Specialist (hybrid) (VAC-D3465)
Full Time @StaffMatters Recruitment Specialists posted 2 weeks ago in Finance Shortlist Email JobJob Detail
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Job ID 53377
Job Description
This Payment Solutions Company in Limassol belongs to a group of very innovative companies with excellent benefits and they are looking for an Underwriting Specialist. This person will mainly do KYB for the onboarding of our merchants, from the AML and Risk perspective. He/she will be reporting to the Head of Underwriting, which is reporting to me as an operations sub-department. The role is part of the 1st line of defense, UW is more or less acting as the middle office between sales/onboarding and AML/Risk teams. Prior experience in the payments industry is a must for the role. It is a hybrid position.
Responsibilities:
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 and AML requirements
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.
Qualifications:
2-3 years of experience in a similar role in a regulated financial institution
Experience in the payments industry is a must
Prior experience of onboarding corporate legal entities is a must
AML Certifications will be considered an advantage
Team player
English at a fluent or native level
Excellent Communication skills
Working hours:
Flexible working hours (Monday to Friday), hybrid working is possible
TO APPLY for this job opportunity, send your CV (in English please) to [email protected] and include the reference: Underwriting Specialist (hybrid) – VAC-D3465. We look forward to hearing from you!
