Payments Risk Manager

Must be local and go to the office 3 days weekly and 2 days remote.

Must have 5+ years of payments risk experience.

• 15% annual bonus target
• 15% long term incentive (RSU) awards annually.

The Payments and Fintech Banking Risk Manager provides independent oversight, assurance, and effective management of the bank s payments and fintech banking programs with a specific focus on the merchant acquiring BIN sponsorship program. This position manages the formulation of sponsorship policies, procedures, and implementation of a risk management framework, including appropriate second line approvals and ongoing risk management oversight practices of Issuing and Acquiring sponsorship clients.

Duties and Responsibilities:
Leads a cross-departmental team to create and implement a risk management program that includes:
Development of program processes, policies, and procedures,
Align program policies with Visa and Mastercard Third Party guidance,
Develop the bank s high risk and elevated risk merchant categories.
Enhanced due diligence processes regarding high risk and elevated risk merchant categories.
Key credit metrics, risk mitigation strategies, reporting and audit requirements.
Manages the risk management oversight of the Bank s merchant acquiring BIN Sponsorship services offered by the bank once implemented, including:
Monitor key credit metrics,
Conduct financial and portfolio reviews, analyzes results and report on identified exposure risk,
Lead the review of client underwriting policies to ensure adherence with bank risk practices,
Oversee Bank Concurrence and Periodic Review of High Volume and Elevated Risk Merchants.
Manages the approval process of new sponsorship clients.
Represent the bank in C-level and strategic discussions, including onsite visits with key clients and represent the bank s approach to risk management and decision making.
Participates in the negotiation of client agreements to align with the Bank s risk appetite.
Rejects or authorizes escalated merchant applications in accordance with set bank standards and risk appetite.
Responsible for the oversight of the activities performed by the line of business.
Serves as merchant acquiring credit underwriting subject matter expert and leads the underwriting review and analysis of elevated risk merchants.
Collaborates with senior management on the development of comprehensive business project plans.
Conducts robust analysis of the program performance data and reports results to appropriate managers and staff.
Reviews reports and data on an ongoing basis to ensure the safety, soundness, and credit risk of the program.
Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required Compliance training.
Continuously supports the Bank s Mission Statement and Core Values.
Keeps abreast of changing business and economic developments which impact the loan portfolio and its profitability.
All other duties as assigned.

Note: Nothing in this job description restricts management s right to assign or reassign duties and responsibilities to this job at any time.

Qualifications:
Bachelor s degree or equivalent.
5+ years of payments risk experience.
Demonstrated leadership skills, with the ability to successfully lead a team of commercial lenders.
Demonstrated ability to use sound judgment and make decisions in a consistent manner.
Knowledge and experience in credit analysis and commercial loan underwriting.
Deep understanding and subject matter expert in merchant acquiring risk and proficiency in other areas of embedded payments programs, including issuing sponsorship.
Ability to comply with bank policies, procedures, regulations, and laws.
Be a strategic thinker with the ability to develop, communicate and implement plans that support the overall goals of the Bank.
Be recognized as a strategic thinker and creative problem solver.
Ability to work collaboratively with a variety of stakeholders at all levels.
Be self-motivated and an effective time and project manager with a strong attention to detail.
Have strong change management, organizational and planning capabilities.
Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects, and implement high quality solutions.
Demonstrate strong organizational skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
Possess strong communication skills both verbally and in writing.
Proficient in use Excel, Word, and PowerPoint.
Strong interpersonal skills, including effective verbal and written communication skills.