Risk Analyst- REMOTE

Company Description

At Xplor, we believe that helping people make the most of each day is the most rewarding way to spend ours.

We give small and medium-sized businesses cloud-based, intuitive technology solutions that enable them to manage all the hassles of running and growing a business, so business owners can get back to doing what they love. With Xplor Pay, we help businesses get paid quickly and securely – without hidden fees. We built the tech ourselves, and our platform delivers secure, transparent, fast, and accurate payments.

We are unified by our purpose of helping people to succeed. So, when you become part of our team, you also become part of the personal connection that strengthens the relationship people have with Xplor products.

Job Description

Join our XplorPay vertical as a Risk Analyst to make a real impact every day. We say that because we know that every conversation we have, every code line we write and every interface we design is another opportunity for us to enrich our customers’ experiences.

Reporting into the Director of Risk, you will help us with the daily monitoring of merchant processing activity, as well as, conducting investigations of suspicious merchant activity that may be related to merchant(s) processing outside of or not as approved parameters. Analyst is responsible for evaluating patterns in merchant processing activity and researching against internal and external information sources that help in evaluating and identifying potentially suspicious merchant or card holder issues. Review system and department generated reporting that support in identifying potential processing issues to help mitigate potential company losses. Analyst will be responsible for answering incoming and making outgoing calls to customer base in a professional courteous manner; log and notate customer interaction; follow-up on customer inquiries and research; review faxed and emailed request and inquiries; read and interpret business and financial documents; ability to multi-task, handle escalated calls and negotiate a resolution; recommend process improvements and work on special projects.  

Some of the other responsibilities include:

• Analyze merchant account activity alerts generated by automated monitoring systems in order to identify suspicious transaction or processing issues 
• Review system and department generated reporting that support in identifying potential processing issues to help mitigate potential company losses 
• Collaborate with cross-functional teams to design, communicate, and implement risk mitigation strategies, ensuring compliance with industry standards and regulations 
• Monitor emerging trends and threats in the payments industry, adapting risk assessment methodologies accordingly 
• Read and interpret business and financial documents to analyze trends, detect potential fraud, and assess risk 
• Conduct verbal and written communication with merchants and issuing banks, including handling escalated issues, gathering information, and managing appropriate actions to resolve risk concerns 
• Develop and maintain Standard Operating Procedures (SOP) and efficient processes to ensure consistent and effective risk management practices  
• Perform other related duties as assigned by management 

- The average base salary pay range for this position is $55,000 to $70,000

- May be considered for a discretionary annual bonus

•  Location: You can work fully remote in this position, provided you have eligible working rights in the United States, and you are in a time zone with enough overlap to collaborate with your team.

#LI-Remote

Qualifications

What would make me a good candidate?

We are looking for curious and empathetic people. We also love to hear from people who are motivated by meaningful work, resonate with our four core values, have a positive outlook, are comfortable with ambiguity and thrive working in an ever-evolving and complex environment. We are inspired by meeting big picture thinkers and doers, people who can be both tactical and strategic, aim high and put people first in everything they do.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skills, and abilities required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

• Bachelor’s degree in relevant field preferred, or at least three years related experience and/or training. Equivalent combination of education and experience will be considered.  Previous risk experience is preferred 
• Ability to read and interpret documents such as credit reports, billing statements,