Risk Underwriter

alchemygroup· Operations
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📍 Hybrid📍 Limassol, CyprusFull Time

About this role

JOB OVERVIEW:

Our team is growing and we are looking to hire an experienced Risk Underwriter! The scope of the role is to serve as a primary gatekeeper for merchant onboarding and risk assessment. This role is responsible for analysing acquiring and card merchant applications and assessing if applications meet the company’s risk policy requirements to mitigate exposure to application fraud and high-risk processing.

JOB DESCRIPTION:

  • Review new merchant applications in a timely and efficient manner.
  • Manage pending lists and process multiple accounts assigned to you in the Underwriting pipeline.
  • Interact with both internal and external sales agents and merchants to resolve pending items required for merchant applications.
  • Demonstrate a strong understanding of KYC (Know Your Customer) requirements, Card Schemes rules, FinCEN ruling on Beneficial Ownership and CDD (Customer Due Diligence).
  • Understand and analyze Consumer Credit Reports and Mastercard (MATCH) and Visa (VMASS) card systems.
  • Read and evaluate complex Financial Statements.
  • Review and analyze business bank statements and merchant processing statements, identifying chargeback and refund exposure.
  • Identify fraudulent merchant application submissions through thorough analysis and use of internal and external underwriting tools.
  • Provide underwriting reports and KPIs for management.
  • Assist in cross-departmental training and new hires with underwriting best practices and sound credit risk principles.
  • Follow and assists in maintaining Underwriting departmental policies and procedures.
  • Stay current with all new and emerging fraud and risk trends within the industry.
  • Partner with the Risk department to detect and prevent fraudulent activity post approval.
  • Communicate findings and translate analytical results into meaningful business recommendations to senior Management team.


PERSON SPECIFICATION:

  • At least 3-5 years of experience hands-on relevant experience as an Underwriter within the FinTech/Payments industry.
  • Knowledge of various business models and associated risks, including high risk and card- not-present merchants.
  • Ability to read and evaluate complex Financial Statements.
  • Strong understanding of KYC requirements within the industry.
  • Business fluency in English language.
  • High attention to detail.
  • Strong communication skills, both in written and verbal form.
  • Business acumen and strong Problem-Solving abilities.
  • A bachelor's degree in Finance, Business Administration and/or any other related field.

 

WHAT WE OFFER:

💰Competitive Remuneration Package including discretionary annual performance-based bonuses

🕐Flexible working hours & hybrid working schedule

⛹️Gym/Mental Health allowance fee

🏥Medical Insurance 

🎁Discount Scheme

🅿️Free parking and parking allowance fee

🎉Loyalty and Birthday rewards (including paid time off)

🚀Referral Bonus Scheme

🔥Dynamic career growth in a fast-growing global company

🏖️Modern offices just 1 minute walk from the seaside and many more!

 

Frequently Asked Questions

Is the salary disclosed for the Risk Underwriter position at alchemygroup?
The salary for this Risk Underwriter role at alchemygroup is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Risk Underwriter position at alchemygroup located?
This Risk Underwriter role at alchemygroup is based in Hybrid, Limassol, Cyprus. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Risk Underwriter role at alchemygroup full-time or part-time?
This is listed as a Full Time position. It is posted as a Risk Underwriter role in the Operations department at alchemygroup.
Which team or department does the Risk Underwriter at alchemygroup belong to?
This Risk Underwriter position is part of the Operations department at alchemygroup. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Risk Underwriter position at alchemygroup?
Click the "Apply Now" button on this page. You will be redirected to alchemygroup's official application portal hosted on bamboohr where you can submit your application directly.
When was the Risk Underwriter job at alchemygroup posted?
This Risk Underwriter position at alchemygroup was posted on Sep 30, 2026. Apply as soon as possible — early applications are often reviewed first.
Risk Underwriter
alchemygroup
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