Payments Risk Specialist

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee settlement activities to identify suspicious or unusual behaviors.

• Conduct investigations into potential fraud, attempts at payment diversion, and account takeover incidents.

• Analyze high-risk transactions and escalation cases.

• Recognize emerging risk trends and propose mitigation strategies.

• Assist in root cause analysis for operational and payment-related incidents.

• Evaluate onboarding requests that necessitate enhanced due diligence.

• Verify business ownership, banking details, and accompanying documentation.

• Examine discrepancies in onboarding and address ownership issues.

• Carry out ongoing monitoring and revalidation activities as needed.

• Support reviews of first payments and high-risk accounts.

• Assess and confirm bank account modifications prior to resuming payout activities.

• Investigate unusual activities related to account maintenance.

• Track changes in payment routing and mismatches in payout destinations.

• Assist in the management of payout holds, suspensions, and risk-based limitations.

• Observe fraud indicators throughout settlement workflows.

• Contribute to the development and enhancement of fraud detection processes.

• Collaborate with payment providers on escalations related to fraud.

• Document and monitor fraud incidents and their outcomes.

• Aid in compliance-related reviews and operational controls.

• Maintain documentation related to risk and audit records.

• Support requests for regulatory, legal, and audit information.

• Ensure compliance with internal policies and risk management procedures.

• Engage in periodic control reviews and risk assessments.

• Generate reports related to risks and operational metrics.

• Monitor trends in fraudulent activities, onboarding exceptions, and payment risks.

• Keep case records and documentation of investigations.

• Suggest process enhancements based on identified risk patterns.

⛳️ Requirements

• Minimum of 3 years’ experience in payment operations, fintech, banking, or marketplace settings.

• Proven experience in investigating fraud, account takeover, or risks related to payments.

• Knowledge of ACH payments, money movement, and settlement procedures.

• Experience in supporting compliance or audit-related initiatives.

• Understanding of onboarding verification, business validation, or KYB/KYC processes.

🏝️ Benefits

• Health, dental, and vision coverage options.

• Incentive stock options.

• Paid time off (PTO).

• Community service funds.

• Professional development funds.

• Wellbeing fund.

• Business expense stipend.

• New high-end laptop and equipment stipend for new hires.