Risk Operations Analyst II - Remote at PayNearMe

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, PaymentsIndustries

Requirements

Strong background in risk management within the payments or financial services sectors
Robust analytical expertise
Excellent client-facing communication skills
Experience with advanced tools and techniques for fraud detection (e.g., risk engines, Accertify)
Proficiency in BI tools (Looker, Dataiku, SQL, Excel/Google Suite)
Experience with data analysis and reporting
Ability to guide clients in defining risk appetite strategies
Experience with merchant underwriting and limits adjustments

Responsibilities

Fraud Analysis & Research: Employ advanced tools and techniques to detect and assess fraudulent behavior
Client Risk Services: Provide advanced risk services, including support for RFIs, limits adjustments, and merchant underwriting
Proactively support and resolve client and platform risk events
Continuously monitor and analyze client, user, and transaction data to detect and investigate suspicious activity
Engage with clients to explain fraud findings and risk exposures
Guide clients in defining and maintaining appropriate risk appetite strategies
Offer customized guidance on fraud prevention, compliance, and operational efficiency
Generate, analyze, and deliver BI reports to highlight fraud trends
Develop custom reporting solutions for internal and client requirements
Maintain comprehensive documentation of policies, procedures, and standard operating processes
Identify opportunities for enhanced efficiency in risk management operations and fraud prevention tools
Evaluate and leverage vendor risk management processes

Skills

Risk Management

Fraud Analysis

Analytical Expertise

Client Communication

Data Analysis

PayNearMe

Flexible payments platform for diverse transactions

About PayNearMe

PayNearMe provides a payments platform that allows customers to pay in various ways, including cards, ACH transactions, cash, and mobile payment methods like PayPal and Venmo. The platform is designed to enhance the payment experience for both customers and businesses, making it easy for clients such as consumer lenders and online gaming companies to collect payments. PayNearMe stands out by offering a secure cash payment service at over 60,000 retail locations, which simplifies the payment process for users who prefer cash. Additionally, the platform utilizes artificial intelligence to personalize customer experiences and improve bill pay. The company's goal is to create a seamless and user-friendly payment experience while generating revenue through fees charged to businesses for processing payments.

Santa Clara, CaliforniaHeadquarters

2009Year Founded

$156.1MTotal Funding

SERIES_DCompany Stage

Fintech, AI & Machine LearningIndustries

201-500Employees

Benefits

Professional Development Budget

Risks

Emerging fintech startups could erode PayNearMe's market share with similar solutions.

Regulatory scrutiny may increase compliance costs for PayNearMe.

Partnership with Trustly exposes PayNearMe to open banking data privacy risks.

Differentiation

PayNearMe offers a wide range of payment options, including cash and digital wallets.

The platform integrates AI to enhance personalized customer experiences and improve payment solutions.

Partnerships with companies like Trustly and PayPal expand PayNearMe's payment capabilities.

Upsides

The rise of BNPL services presents an opportunity to expand PayNearMe's payment options.

Increasing mobile wallet usage allows PayNearMe to enhance its mobile-first payment methods.

Open banking regulations in the US offer new integration opportunities for PayNearMe.

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