Merchant Underwriter in Nicosia
Merchant Underwriter in Nicosia (Cyprus).
Salary: 1500-2000 gross
Tax calculator: http://www.cyprustaxcalculator.com/
Who we are
iSignthis Ltd (ASX: ISX / FRA: TA8) is the global leader in online, dynamic verification of identity and financial transactions via regulated e-payment instrument authentication.
Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX: ISX), with a market capitalization in excess of €100million, is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis, as a Central Bank of Cyprus EEA regulated eMoney institution, provides IBAN based electronic money accounts, payment services, together with an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity™ and ISXPay® solutions.
We are driving change in the way that payments and banking are done and creating real impact in the fintech industry. To accelerate our mission, we are looking for an experienced Merchant Underwriter to join our team at our office in Nicosia. This is a unique opportunity to grow your experience, knowledge and skills in a world-leading technological ecosystem.
We are seeking an experienced Merchant Underwriter to support the Risk and Underwriting department to assemble all documentation needed to complete application approvals.
The Employee’s duties include, but are not limited to:
* Compliance with the Company’s policies and procedures, including audit requirements, confidentiality, AML/CTF, information security and data privacy of the Company’s customers and end users.
* Administration of the initial on-boarding and ongoing operational merchant due diligence and card scheme compliance.
* Maintains and reviews current information on existing accounts.
* Ensuring merchants are on-boarded according to iSignthis policies and procedures.
* Contacting merchants, requesting, gathering and checking completeness of all merchant due diligence data, information and/or documentation required per Company Procedures.
* Verifying the data, documents and information including checks of merchant incorporation status via company house/company registrar, regulators, specialist databases and public access databases.
* Identifying and verifying persons of significant control, including beneficial owners.
* Identifying and verifying that merchants have appropriate licensing to operate in AML/CFT regulated sectors, including checking the status of the license, any geographical limitations set by regulators on operators, fines and/or sanctions imposed.
* Recording merchant status for on-boarding and go live as well as keeping accurate records at termination to ensure records are always up to date.
* Setting up accurate and precise filing systems whether soft / hard copy, according to iSignthis policies and procedures.
* Carrying out merchant on-boarding checks on websites (where appropriate) including ghost shopping and investigation of merchant compliance to card schemes and where relevant, regulators.
* Summarizing status and compiling the above into pre- agreed formats for review by the Chief Risk Officer, the AMLCO and the Chief Operating Officer.
* Updating the above on an annual basis for each merchant.
EDUCATION/EXPERIENCE
* Bachelor’s Degree in Business Administration, Finance or other related field
* 5+ years underwriting merchant accounts
* Prior merchant services experience
* Solid analytical, negotiation and problem-solving skills
* Time management skills, good communication skills and negotiation ability.
* Ability to communicate effectively with our client and business partners
Apply to careers@isignthis.com quoting in the subject field, first ‘Merchant Underwriter” and then your name.