Note: The job is a remote job and is open to candidates in USA. Jack Henry is a technology company redefining how community banks and credit unions connect with their clients. The Credit Risk Analyst for the Enterprise Payment Solutions team will be responsible for facilitating merchant onboarding, validating credit data, and managing client relationships to ensure compliance with regulatory frameworks.
Responsibilities
- 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
Skills
- 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
- 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 exposure, and forecast potential credit risk
- Strong interpersonal skills with the ability to communicate complex risk indicators clearly to both internal leadership and external partners
Benefits
- Comprehensive benefits designed to support your physical, mental, and financial health
Company Overview
Jack Henry (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens the connections between people and their financial institutions through technology and services that reduce the barriers to financial health. It was founded in 1976, and is headquartered in Monett, Missouri, USA, with a workforce of 5001-10000 employees. Its website is http://www.jackhenry.com.