JOB DESCRIPTION

WestTown Payments Risk Underwriter

I.          JOB SUMMARY:

The WTP Risk Underwriter I will evaluate the financial condition of individuals and businesses applying for credit card processing. This position will review, assess, condition, and evaluate various types of merchant applications. The Risk Underwriter will be required to consistently demonstrate the ability to make ethically sound decisions in the best interest of the department and for WTBT. Further, the individual in this role will be responsible for maintaining all policies and procedures set by the VP of Credit, WTP and WTBT.

II.         JOB DUTIES:

1. Consistently conducts a thorough and comprehensive business and organizational analysis to form a deep, broad, accurate and up-to-date understanding of the business and merchant.
2. Determines the merchant’s capacity and ability to process transactions in a legal and ethical way while staying within the guidelines set forth by the card brands.
3. Works collaboratively and cooperatively with other staff to complete the underwriting process.
4. Efficiently and effectively manages assigned tasks and meets all deadlines.
5. Recommends process improvements and helps drive them down through the department. Supports and helps implement organizational initiatives.
6. Ensures the security and confidentiality of private customer information. Protects against unauthorized access to or use of customer information that could result in harm or inconvenience to the customer.
7. Be able to exercise discretion and work independently to make judgements with respect to matters of significance, and to be able to discern items that can impact risk to the bank.
8. Work independently in the performance of office work directly related to the oversight and management of the general business operations of the bank while performing oversight and management of task on behalf of the bank’s customers and clients.
9. Assists the Risk team in ongoing investigations whenever necessary.
10. Effectively manages expectations and changing priorities.
11. Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.
12. Other duties as assigned.

III.        ESSENTIAL FUNCTIONS:

Physical Demands / Work Environment Requirements: 

Vision, hearing, speech, movements requiring the use of wrists, hands and/or fingers. Must be able to sit, stand, stoop and bend. A valid driver’s license is required. Must have the ability to work approximately 40 hours per week to fulfill the essential functions of the position.

Mental Demands:

Strong analytical skills and data-driven tactics will contribute to increased results-oriented experimentations, measurements and rapid iteration across a wide variety of digital marketing strategies. Learning, thinking, concentration, the ability to influence, lead and interact well with others, the ability to exercise self-control, and the ability to work under stressful conditions, particularly in customer and employee relations’ situations are necessary. Must have the ability to make decisions and exercise discretion when necessary.

IV.        JOB SPECIFICATIONS:

Education: A bachelor’s degree in finance or accounting or other related area; or equivalent relevant experience. A deep understanding of the widely used and established underwriting principles within the credit card processing industry. A strong knowledge of credit analysis principles and pertinent laws. Excellent business, financial statement, collateral analysis and research skills. Knowledge of economic and accounting principles and practices, and the analysis and reporting of financial data.           

Experience: 3 years of recent underwriting experience in a high-risk credit card processing environment. 5 years of experience preferred          

Skills: Strong verbal and written communications skills. Must be a creative thinker and proactive problem solver with a history of working efficiently, meeting deadlines, and following projects through to completion. Must be organized and detail-oriented.

VI.          SUPERVISED BY: VP / WestTown Payments Risk Officer

VII.         SUPERVISES: None