Job Description

Avidia Bank

Equal Employment Opportunity/M/F/disability/protected veteran status

Position Overview:

Underwrites new payment client relationships for the full range of the bank\'s payments business lines. Analyzes the client background including financial statements, merchant history, credit history to determine the financial, operational and compliance risk presented by the relationship. Provides stakeholders with assessment and action plan based on analysis.

Primary Responsibilities:

• Underwrite, both low and high risk payments customers (merchants); provide internal stakeholders with guidance and/or action plan based on underwriting analysis.
• Assess highly-complex payment customer relationships (partners), including ISO\'s, Payment Facilitators, Third Party Payment Processors, ISV\'s, and Card Issuing Sponsorship relationships
• Analyze client financial statements, business history, merchant statements, credit background and additional due diligence (MATCH, LexisNexis, PCI-DSS Certifications) to determine the risk profile of the client.
• Conduct enhanced due diligence (EDD) on merchants, partners, and the bank\'s customer\'s customer
• Assist management in audits and regulatory compliance requirements as well as reporting, as needed

• Bachelor\'s degree in business, accounting, finance, economics or other analytical discipline
• 2-5 years\' experience in payments underwriting preferred
• Basic understanding of various payment methods, including credit card, ACH, RDC, and real-time payments
• Ability to interpret KYC/CIP due diligence documentation, including LexisNexis, MATCH
• Knowledge of business financial statements and tax returns, and the ability to evaluate credit strengths and weaknesses of prospective customers
• Knowledge of payment brand (Visa/MasterCard/NACHA) rules and non-compliance programs
• Previous experience in community banking and financial technology is a plus
• Professional certifications in payments/financial such as APRP, AAP, CFA, CPP is a plus
• Proven aptitude and desire to learn new, concepts and systems
• Ability to make clear, well-reasoned decisions based on multiple data points and risk factors
• Excellent written and verbal communication skills
• Proficiency with Salesforce, Microsoft Office, and payment brand risk monitoring tools is a plus

Avidia Bank is an Equal Opportunity Employer/Veterans/Disabled

Member FDIC/DIF

PM21

PI227208535

Avidia Bank