Aml and Credit Risk Specialist

1 week ago


Remote, Canada VoPay International Inc. Full time

**About VoPay International Inc.**

VoPay is a leader in payment innovation, digitizing direct bank payments with speed and transparency. The VoPay Platform enhances how businesses initiate and accept financial transactions using a single, open API. At VoPay, we have one goal: to eliminate all payment inefficiencies, so businesses can focus on what they do best in today’s digital economy.

**The Opportunity**

**Duties and Responsibilities**

As a AML and Credit Risk Specialist, you will play a crucial role in evaluating and mitigating risks associated with counterparties and merchants, safeguarding the financial integrity of our institution. You will be responsible for:
Counterparty Risk Assessment:

- Conducting thorough analyses of counterparties' financial health, creditworthiness, and overall risk exposure.
- Assessing and quantifying potential risks associated with counterparties, ensuring compliance with regulatory standards and internal risk policies.

Merchant Underwriting:

- Conducting comprehensive risk assessments to determine the financial stability, business practices, and potential risks related to merchants' operations.

Risk Mitigation Strategies:

- Developing and implementing risk mitigation strategies and recommending risk management measures to minimize exposure to potential financial losses.
- Collaborating with internal stakeholders to devise effective risk mitigation plans.

Monitoring and Reporting:

- Continuously monitoring the performance of counterparties and merchants, identifying emerging risks, and promptly escalating concerns to relevant stakeholders.
- Generating regular reports on risk exposure and providing insights for decision-making purposes.

Compliance and Documentation:

- Ensuring compliance with regulatory requirements and internal policies pertaining to counterparty risk and merchant underwriting.
- Maintaining accurate documentation of assessments, decisions, and risk-related information.

Cross-functional Collaboration:

- Collaborating with internal teams such as compliance, legal, finance, and operations to streamline processes, improve risk assessment methodologies, and contribute to overall risk management strategies.

**Skills and Qualifications**
- 4+ years of experience in risk management, specifically in counterparty risk assessment and merchant underwriting within the financial industry.
- Bachelor's degree in Finance, Economics, Business Administration, or related field.
- Relevant certification (e.g., CAMS, CFCS, FRM, CFA) or progress towards is desirable.
- In-depth understanding of relevant business operations, merchant account compliance and underwriting guidelines.
- Experience and knowledge of merchant risk management best practices and tools (including data/credit bureau products) for business entity verification and credit management, with a proven ability to distill into repeatable, scalable processes.
- A fundamental understanding of client onboarding and ongoing monitoring, preferably within the payments industry.
- Strong knowledge of accounting principles and comfort evaluating financial statements and business models across various industries.
- The ability to transform business and financial data into a cohesive narrative that outlines potential operational and credit risks and presents dynamic mitigation strategies.
- Ability to think critically about complex problems, appropriately weigh many factors and reach a definitive recommendation.
- Proficiency in utilizing risk assessment tools, financial databases, and analytical software.
- Strong time-management and organizational skills.
- Ability to learn and adapt to new technology.

**Salary**: $60,000.00-$75,000.00 per year


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