Credit Risk Analyst: Enterprise Payment Solutions | New York, NY, USA

Credit Risk Analyst: Enterprise Payment Solutions

{"description": "At Jack Henry, we're more than a technology company, we're a force for good in financial services. We're redefining how community banks and credit unions connect with the people they serve. Our mission is rooted in people inspired innovation, empowering financial institutions to deliver seamless, secure, and human centered experiences. We deliver cutting-edge solutions that are paving the way for the next generation of digital banking and payments, but our true impact begins with our associates. If you're ready to help transform an industry and grow with a company that values purpose, collaboration, and excellence then we'd love to meet you. The Credit Analyst for the Enterprise Payment Solutions team is instrumental to the organization's operational success. Operating both independently and as part of a high-performance team, you will navigate a high-volume environment to facilitate merchant onboarding.

Your core responsibilities include aggregating and validating commercial and credit data to provide informed recommendations for application approvals or denials, while establishing appropriate transaction velocity limits and exposure thresholds. In this capacity, you will serve as a strategic partner to merchant clients, Independent Sales Organizations (ISOs), Value-Added Resellers (VARs), and financial institution partners.

This position may be worked remotely from within the United States, with the exception of California. The salary range for this position is $43,400 - $65,000 and will be determined based on location and experience level.

This position is not eligible for immigration sponsorship and support. Please do not apply if at any time you will need immigration support now or in the future (i.e., H-1B, STEM OPT Training Plans, etc.). All positions, regardless of location, may require an onsite interview or in-person onboarding requirement to verify your identity.

What you'll be responsible for:

• Executes the onboarding of merchant services applications by validating commercial and credit data to provide informed recommendations for transaction velocity limits.

• Adheres strictly to KYC, OFAC, and BSA/AML regulatory frameworks and industry mandates.

• Monitors and escalate critical risk concerns to senior management through proactive communication.

• Engages with standard and complex merchant clients, ISOs, VARs, Referral Banks, and the ODFI to fulfill underwriting and compliance obligations.

• Manages the client database to optimize workflow efficiency, reporting accuracy, and portfolio analysis.

• Mentors and trains Credit Risk Analysts on proprietary risk management systems, internal policies, and evolving regulatory requirements.

• Identifies necessary enhancements for risk management systems and serves as a subject matter expert for the validation of proposed technical improvements.

• Evaluates the existing merchant portfolio for transaction-level risk, deteriorating financial conditions, or other derogatory indicators, reporting findings to leadership.

• Reviews and authorizes modifications to merchant accounts, such as changes in ownership, banking relationships, or physical locations, while adjusting transaction velocity to balance client needs with risk mitigation.

• Collaborates with internal and external auditing bodies to ensure sustained compliance with risk protocols and regulatory standards.

• Performs additional professional duties assigned to support organizational objectives.

What you'll need to have:

• A minimum of 18 months of professional experience in credit risk underwriting, merchant underwriting, or commercial credit analysis specifically within a financial institution or the payment services industry.

• Demonstrated willingness and ability to operate outside of standard business hours to accommodate shifting organizational requirements and volume demands.

• Proven capacity as a self-starter who exercises sound judgment to drive process-related decisions and deliver measurable value while working independently.

What would be nice for you to have:

• Possession of a Master's Degree in Finance or Accounting, or industry-recognized credentials such as Accredited ACH Professional (AAP), Certified Fraud Examiner (CFE), or Certified Anti-Money Laundering Specialist (CAMS).

• Possesses comprehensive knowledge of BSA, AML, KYC, and OFAC regulatory frameworks.

• Demonstrates proficiency with industry-standard tools, specifically Experian Business Reports and/or LexisNexis.

• A proven track record in merchant credit underwriting, particularly with high-volume portfolios or complex corporate entities.

• Familiarity with NACHA Operating Rules and the technical requirements of the ODFI (Originating Depository Financial Institution) relationship.

• Demonstrated ability to interpret financial statements and tax returns to identify trends, mitigate ex