Job Title: Risk and Fraud Analyst Department: Risk & Compliance
Reports to: Risk and Compliance Manager
Location: Leeds, Hybrid
Job Type: Full-time, Permanent
Role Overview
The Risk and Fraud analyst role forms a key part of the Risk and Compliance team. The role is mainly based in the Leeds office with some home working available. The ideal candidate should have notable experience of Risk and Fraud analysis, ideally in the payment, banking or e-money industry or wider financial services sector. A practical working knowledge of relevant UK and EU regulations including GDPR, Money Laundering Regulations, Risk and Card Scheme compliance is required as a key aspect of the role is putting these into practice by performing merchant screening, due diligence, financial crime monitoring along with other Risk and Compliance duties.
Key Responsibilities
* Verify identities of merchants on review of new applications including KYC ownership structure and business details.
* Assess merchant’s financial health and business risks, including fraud, credit, financial, compliance, regulatory and reputational risk
* Perform due diligence checks at all times and identify suspicious activity, reporting these where required
* Monitor and audit merchant activity on an ongoing basis, and mitigate risks as needed
* Completing first and second line monitoring in line with company policies
* Chargeback and fraud monitoring and reporting including related administration
* Undertaking website reviews, application assessments, credit risk underwriting and management along with legislation reviews
* Using third party tools and services to assist in tasks such as website monitoring, identity checks, online searches etc
* Producing and developing internal processes and reports as required by the business
* Support the team to ensure that performance standards and business objectives are met
* Acting with Skill care and diligence when dealing with third parties
* Maintaining the Risk and Compliance Culture along with other key business relationships.
What We’re Looking For
* Detail oriented, deadline driven, self-directed and organised individual
* Must have excellent communicational and skills
* Excellent analytical, problem solving and gap analysis skills
* Proven ability to excel in a multi-tasking environment
* Positive, ambitious, willing to learn and develop skillsets
* Innovative mindset with the ability to develop ideas, seeking ways to add value to the Risk and Compliance team and the wider Business in general
* A good understanding of Microsoft Office specifically Word, Excel and Outlook
* Have an inquisitive and investigative nature with a general characteristic of someone who does not necessarily accept everything at face value