Company Overview

The organisation operates within the fintech and digital payments industry, providing financial technology solutions that support electronic transactions, merchant payment acceptance, and digital commerce.

Its activities involve payment processing, merchant onboarding, financial risk assessment, and the development of reliable payment services for businesses operating across different markets.

The organisation places strong emphasis on responsible merchant assessment, transaction security, and effective risk management practices to maintain a dependable financial services environment.

Role Summary

The Merchant Risk & Underwriting Analyst will assess the financial and operational risks associated with businesses seeking access to digital payment services.

The role involves reviewing merchant applications, evaluating business models, analysing transaction patterns, assessing financial exposure, and recommending appropriate risk controls.

The successful candidate will work closely with merchant onboarding, compliance, payments, and financial operations teams to ensure that merchant relationships are evaluated consistently and in accordance with established risk policies.

Key Responsibilities

• Assess merchant applications and evaluate business activities before approval for payment processing services.

• Analyse merchant business models, transaction expectations, financial information, and operational structures.

• Conduct risk assessments to identify potential exposure associated with merchant payment activities.

• Review historical transaction data, chargeback levels, refund patterns, and payment processing behaviour.

• Evaluate merchant financial documents and supporting information to determine business suitability.

• Identify higher-risk merchant categories and recommend appropriate assessment procedures.

• Apply underwriting criteria and internal risk policies when reviewing new merchant relationships.

• Monitor existing merchant portfolios to identify changes in transaction behaviour and emerging financial risks.

• Investigate unusual merchant activity and escalate potential fraud or compliance concerns.

• Collaborate with AML and compliance specialists during enhanced merchant reviews.

• Prepare underwriting assessments, risk summaries, and approval recommendations.

• Maintain accurate merchant risk records and supporting assessment documentation.

• Review payment industry developments and identify emerging merchant risk trends.

• Recommend improvements to underwriting procedures and merchant monitoring controls.

• Work with internal stakeholders to resolve merchant application issues and outstanding documentation requirements.

Requirements and Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related discipline.

• Relevant experience in merchant underwriting, payment risk, credit analysis, financial services, or fintech operations.

• Understanding of merchant acquiring, card payment processing, and digital payment ecosystems.

• Knowledge of chargebacks, transaction monitoring, refund management, and payment fraud indicators.

• Experience reviewing financial statements and assessing business risk.

• Familiarity with merchant onboarding procedures and customer due diligence requirements.

• Understanding of AML controls and financial crime prevention principles.

• Strong analytical and financial assessment capabilities.

• Excellent report-writing and documentation skills.

• Ability to make evidence-based risk recommendations.

• Strong attention to detail and stakeholder communication skills.

• Professional proficiency in English.

Benefits

• Remote working opportunities within Estonia with a flexible hybrid arrangement.

• Opportunity to develop expertise in merchant acquiring and payment risk management.

• Exposure to international digital commerce and payment processing environments.

• Professional development in financial risk assessment and underwriting.

• Collaborative working environment involving payments, compliance, and financial operations professionals.

• Opportunity to contribute to stronger merchant risk controls and secure payment services.

Application Instructions

Interested applicants should submit an updated CV detailing their experience in merchant risk, payment underwriting, credit assessment, or financial services. Candidates should highlight their analytical skills, knowledge of payment processing, and experience evaluating business and transaction-related risks.

Apply by clicking on the “Apply Now” Button below!

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