Risk Senior Associate, Shift4

High-Risk Portfolio Management, UK

Salary not provided

Excel

Mid and Senior level

Remote from UK

Simplifying complex payment ecosystems

Open for applications

Simplifying complex payment ecosystems

1001+ employees

FintechB2BPayments

Open for applications

Salary not provided

Excel

Mid and Senior level

Remote from UK

1001+ employees

FintechB2BPayments

Company mission

To empower our partners and customers with a complete payment solution featuring the most secure, reliable, and fastest payment network available, backed by best-in-class technology and support.

Job

Company

Role

Who you are

At least three years’ experience operating within the high-risk sector of acquiring
Solid knowledge of card scheme rules and payments regulations
Strong financial analysis and risk assessment skills
Proficiency in Excel and reporting tools
Clear communication and stakeholder management abilities
Detail-oriented, analytical, and adaptable in a fast-paced environment

What the job involves

The Risk, Sr Associate will assess new and existing merchant applications to identify regulatory, reputational, and financial risks
This role involves applying card scheme rules, monitoring ongoing activity, analyzing financials and preparing reports for stakeholders
The position requires cross-functional collaboration to mitigate risk, ensure compliance, and support process improvements across the business
Review of new, high-brand risk applications with the objective of identifying the financial and regulatory risks the company may be exposed to
Working closely with the underwriting officers to get an overall view of a merchant application
Ongoing reviews of merchant accounts to ensure processing is still in line with expectations
Demonstrate a clear understanding of card scheme rules, with an ability to apply said rules during a risk assessment
Raise suspicious activity reports with both our UK and EU MLRO
Liaise with merchants during scheme investigations
Assess merchant’s financial position through proper financial statement analysis
Setting merchant collateral to mitigate financial risk
Regular liaison with various departments to understand and explain the risk exposed by new and existing merchants
Preparation of regular reports for internal and external stakeholders
Maintain and adjust Risk Assessments in line with both the Customer Acceptance Policy and Risk Appetite Policy of the company
Developing new monitoring structures to identify concerning activity in both the merchant’s and portfolio’s performance
Preparation of visual monthly reports to facilitate the explanation of Risk findings
Take necessary measures to minimize the risk exposure of the company as guided by senior management
Keep abreast of the latest updates in the various card scheme rules and regulations
Maintaining ongoing relationships with the various stakeholders and keeping them up-to-date with any updates within the risk framework of the company
Liaise with other departments in view of making existing processes more efficient whilst constantly looking for new and improved ways to streamline processes and workloads
Any ad hoc duties as requested by management

Our take

An industry leader in integrated payment processing, Shift4 serves markets across North America, Europe and Asia. Its fintech solutions simplify complex payment ecosystems and power billions of transactions a year across many industries.

With hundreds of thousands of customers, Shift4 has developed hundreds of payment methods and processes a staggering $260 billion annually. Its clients include a large number of professional sports team globally, as well as colleges and entertainment venues.

Interestingly for a company so far-reaching, the 1994-founded Shift4 only opened its stock with an IPO in 2020. Since then, it has established partnerships with companies such as the Minnesota Vikings American football team and software point-of-sale company Ingenico. This exemplifies the diversity of Shift4’s impressive client base.