Underwriting Analyst

This is a remote position.

Schedule: Least 20 hours per week but has potential to grow depending on how busy they can get.

We are a fast-paced, growing startup in the payments and crypto industry, looking for a detail-oriented Underwriting Analyst to join our team. This role will be responsible for reviewing and verifying merchants’ Know Your Business (KYB) documentation and payee Know Your Customer (KYC) compliance. The ideal candidate will have experience in financial underwriting, with strong knowledge of KYB, KYC, and AML (Anti-Money Laundering) standards. Startup experience is preferred, payments experience is highly valuable, and crypto experience is a plus.

Key Responsibilities:

- Merchant KYB Review:

- Conduct thorough reviews and assessments of KYB documentation for new merchant applications to ensure compliance with relevant regulations.

- Perform background checks on merchants, verifying business registrations, ownership structures, and ultimate beneficial owners (UBOs).

- Identify and assess potential risk factors associated with merchant applications based on business type, location, and transaction volume.

- Payee KYC Verification:

- Review and verify KYC documents from payees, including identity verification, proof of address, and other key compliance information.

- Ensure that all KYC documentation complies with relevant regulations, including AML standards.

- Check applicants against sanctions lists, politically exposed persons (PEP) databases, and other watchlists.

- Risk Assessment and Decision Making:

- Assess financial and reputational risks tied to merchants and payees based on the information provided.

- Make informed decisions regarding approval or escalation of applications based on identified risks.

- Collaborate with legal and compliance teams to handle complex cases and resolve potential compliance issues.

- Ongoing Monitoring:

- Assist with continuous monitoring of active merchants and payees to detect and address any emerging risk factors.

- Conduct periodic reviews of KYB/KYC files to ensure ongoing compliance.

- Documentation and Reporting:

- Maintain accurate records of all KYB and KYC evaluations, ensuring proper documentation and record-keeping.

- Prepare and present reports on compliance findings to senior management and relevant teams.

- Collaboration:

- Work closely with the sales, legal, and compliance teams to ensure efficient and compliant onboarding of merchants and payees.

- Participate in internal training sessions on compliance and regulatory updates.

Requirements

- Experience: 2-4 years of experience in underwriting, risk management, or compliance, with a focus on KYB/KYC reviews. Startup experience is preferred, payments industry experience is highly valuable, and crypto experience is a plus.

- Regulatory Knowledge: Strong understanding of KYC/KYB regulations and AML frameworks.

- Detail-Oriented: Ability to thoroughly review documents and identify potential compliance risks.

- Analytical Skills: Strong decision-making abilities and risk assessment skills.

- Tech Skills: Familiarity with compliance tools and systems. Experience with sanctions screening tools is a plus.

- Communication: Excellent communication skills for cross-team collaboration and reporting.

- Problem-Solving: Ability to independently manage complex underwriting cases and offer solutions.

Preferred Qualifications:

- Payments and Start Up Experience

- Knowledge of crypto payments and their unique compliance challenges is a plus.

- Compliance Certifications: Certifications such as CAMS (Certified Anti-Money Laundering Specialist) are a bonus.

• Permanent work from home
  
• Immediate hiring
  
• Steady freelance job
  
• remote work