Junior Merchant Underwriter

About the role

This role focuses on merchant underwriting, where you will evaluate new applications and conduct periodic reviews of existing merchant accounts. Your primary goal is to ensure that all merchants comply with the company's risk appetite and regulatory standards. This involves analyzing financial data and operational structures to identify potential risks and recommending specific conditions for approval to mitigate those risks effectively.

A key aspect of this position is contributing to process improvements within the financial crimes program. You will work alongside Compliance, Product, Engineering, and Operations teams, offering insights that enhance efficiency and strengthen the company's risk management framework. Your contributions will directly influence how Coinflow Labs manages its merchant portfolio and maintains its compliance posture.

Success in this role means consistently performing thorough due diligence, accurately assessing merchant risks, and effectively communicating your findings and recommendations. You will help shape the company's approach to financial crime prevention and contribute to its rapid growth in the fintech sector. This position offers a chance to expand your responsibilities within a fast-paced environment.

The annual salary for this position ranges from $25,000 to $35,000.

Skills that matter here

• KYC: This skill is essential for performing due diligence on individuals associated with merchant applications.
• KYB: This skill is crucial for conducting thorough background checks and risk assessments on businesses applying to become merchants.
• Excel: Proficiency in Excel is required for analyzing data and managing information related to merchant evaluations and risk assessments.
• Google Sheets: This tool will be used for data analysis and collaboration, similar to Excel, in managing merchant information.
• SQL: SQL skills will be used for querying databases to extract and analyze merchant-related data.
• Tableau: This skill will be applied to visualize data and create reports related to merchant risk and compliance.

Who this role suits

• Someone with at least two years of experience in fintech, payments, banking, or financial services.
• An individual who understands KYC/KYB due diligence and transaction risk.
• A person with strong analytical abilities and proficiency in spreadsheet software.
• A candidate who communicates effectively and thrives in fast-paced work environments.

From the employer

• Evaluate merchant applications, ensuring compliance with operational risk appetite.
• Conduct refresher reviews of the existing merchant portfolio.
• Assist in process improvement projects to enhance efficiency.
• Recommend actionable conditions for approval to mitigate risks.
• Collaborate with Compliance, Product, Engineering, and Operations teams.

• 2+ years in fintech, payments, banking, or financial services.
• Understanding of KYC/KYB due diligence and transaction risk.
• Strong analytical skills and proficiency in spreadsheet software.
• Excellent communication skills and ability to work in fast-paced environments.

• Opportunity to shape the financial crimes program with executive visibility.
• High-growth opportunity with room to expand your role.
• Competitive salary, equity, and comprehensive benefits.
• Collaborative culture with talented, mission-driven people.