Job Description

• To oversee and manage the merchant onboarding process, ensuring all merchants meet Unified Payments’ risk managementstandards and regulatory requirements.
• This includes identifying potential risks, conducting due diligence, and ensuring merchants align with compliance, anti- money laundering (AML), and fraud prevention standards

Responsibilities
Merchant Risk Assessment & Due Diligence:

• Conduct comprehensive risk assessments for new merchants to evaluate financial stability, operational risks, and compliance with regulatory requirements.
• Ensure that the merchant onboarding processisin line with AML and Know Your Customer (KYC) regulations.
• Perform background checks and due diligence investigations to assess potential merchant risks.
• Review merchant documentation and contracts to ensure they meet regulatory, legal, and company standards. Compliance and Regulatory Management:
• Ensure that all merchants comply with internal policies, local regulations, and relevant industry standards.
• Work with regulatory authorities and internal stakeholders to ensure the merchant onboarding process adheres to compliance guidelines.

Ongoing Monitoring & Reporting:

• Conduct regular monitoring of onboarded merchants to ensure continuous adherence to compliance requirements and risk management practices.
• Prepare and present risk reports related to merchant onboarding for senior management and key stakeholders.
• Support the audit process by providing necessary documentation and reports for internal and external audits.

Stakeholder Engagement & Communication:

• Collaborate with cross-functional teams to ensure efficient merchant onboarding processes and risk management. 
• Communicate with merchants regarding risk management requirements, ensuring a clear understanding of compliance expectations.
• Serve as a point of contact for merchant inquiries related to the onboarding process and risk management guidelines

Requirements

• Education University Degree in Finance, Risk Management, Business Administration, or related field.
• Professional Memberships (Mandatory):  Certified Risk and Compliance Management Professional (CRCMP) or equivalent is preferred. 
• Certified Anti-money Laundering Specialist (ACAMS) or equivalent certification is an added advantage.

General Experience: 

• A minimum of 2 years of relevant experience in risk management, merchant onboarding, or compliance roles, preferably within financial institutions or the payments industry.
• Strong understanding of AML, KYC regulations, and fraud prevention practices.
• Experience in conducting due diligence and risk assessments during the merchant onboarding process

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