Reporting directly to the Executive VP Operations, the Director of Risk Management will be responsible for contributing, leading, implementing and evolving the risk management strategy for both our acquiring and gateway portfolios. He or she will drive the organizations risk initiatives by providing strategic direction, guidance and industry leading advice. This position demonstrates leadership, a risk management yet sales focused mentality, and an exceptional grasp of association regulations in the payment space.
As the leader of the team responsible for Risk Management, responsibilities also include developing/hiring, coaching and mentoring the risk management team to ensure Payfacto is at the forefront of the payments space, cutting-edge risk management, and regulatory compliance with the card brands, and overseeing all risk management related processes. This includes defining and communicating requirements for new regulatory requirements, being the face of risk management for Payfacto for our banking partners, card associations and in rare cases, our merchants. The risk management department is responsible for overseeing, compliance, underwriting and risk monitoring at Payfacto.
This key figure is tasked with ensuring that Payfacto is implementing and enforcing the latest in risk management strategies to protect our portfolio, reputation and ensure we are maximising profit along with minimizing risk.