Director, Portfolio Underwriting

The world of payment processing is rapidly evolving, and businesses are looking for loyal and strategic partners, to help them grow.

WE ARE NUVEI. Nuvei (NASDAQ: NVEI) (TSX: NVEI) the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 47 markets, 150 currencies and 586 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

At Nuvei, we live our core values, and we thrive on solving complex problems. We’re dedicated to continually improving our product and providing relentless customer service. We are always looking for exceptional talent to join us on the journey!

Oversee the Strategic Account Portfolio (SAP) Underwriting team to ensure efficient use of resources to enable commerce while mitigating risk.

• Direct the activities of a senior underwriting team to ensure timely and accurate completion of work, appropriate assignment of merchant applications/tasks and compliance with corporate objectives and standards.
• Implement and monitor underwriting strategies and policies, including underwriting training and guidance as required, while maximizing profit and supporting growth.
• Ensure senior underwriting team underwrites high risk accounts and partners in conjunction with applicable rules and guidelines.
• Ensure team is following Credit Card Associations regulations and compliance by reviewing Associations’ circulars and bulletins.
• Implement and monitor the process of measuring, or assessing, merchant risk and developing strategies to manage it by transferring, avoiding or reducing the negative effects of the risk.
• Develop and maintain appropriate reporting metrics and identifying reporting tools to inform senior management of underwriting statistics.
• Ability to provide a cursory review (pre-vet) of potential opportunities that are delivered by the sales team to gauge the appetite and acceptability of being able to move forward with an application.
• Open communication and regularly work with internal teams and stakeholders, such as sales SMB Underwriting, Risk, Product, etc. to streamline and create efficiencies across the onboarding process.
• Act as the liaison with Acquiring Banks’ Underwriting and Risk departments;
• Help with the design, testing and implementation of technology projects associated with underwriting, risk and fraud prevention programs;
• Any other tasks as assigned.

Qualifications (skills/experience)

• Bachelor/College degree and over 10 years of experience with a minimum of 3 years management in Underwriting/Risk Management leadership positions within a financial institution, ISO, e-commerce or mail order merchant or with a credit card processor.
• 8+ years managerial experience
• Direct experience in transaction or payment processing, a complete understanding of the positioning of all our products, strong knowledge of risk processes.
• Comfortable interacting with executives at all levels.
• Knowledge of high-risk industries including Direct Selling, Travel, Ticket Brokers, Nutraceuticals, Gaming, etc. and understanding of all applicable state/federal/local regulations and laws.
• Knowledge of AML, KYC/KYB, Fraud mitigation strategies and underwriting.
• Knowledge of Payment Facilitator models and oversight requirements.
• Must possess exceptional organizational, quantitative reasoning, critical thinking, interpersonal, time management, verbal and written communication skills.

Benefits

Nuvei offers a wide variety of benefits which include Medical, Dental, Vision, STD, LTD, Paid time off, 401(k) and many other great benefits.

Nuvei perks also include:

• Frequent training programs on new systems and platforms.
• Free Virtual yoga, meditation and fitness classes, community involvement, and many social activities.
• Group Private Medical Insurance
• Up to 2.5 additional days of annual leave a quarter, if company hit quarterly targets
• Employee recognition program and possibilities for advancement in various fields.
• Modern, dynamic and great work environment.

Nuvei is an equal-opportunity employer that celebrates collaboration and innovation and is committed to developing a diverse and inclusive workplace. The team at Nuvei is comprised of a wealth of talent, skill, and ambition. We believe that employees are happiest when they’re empowered to be their true, authentic selves. So, please come as you are. We can’t wait to meet you.

#LI-MC2