Compliance Specialist

Payabli’s mission is to enable any software company to become a payments company through its payment infrastructure and monetization platform. With Payabli, software companies can make payments a core part of their business model to drive revenue, enhance customer lifetime value, and boost enterprise value. Our co-founders are serial entrepreneurs who have built and scaled successful technology companies like RevoPay (acquired), Seamless.com (IPO),  and ServiceTitan. We are backed by top venture capital investors Fika Ventures, Bling Capital, and TTV Capital.

About the Role As a Compliance Specialist at Payabli, you will be instrumental in protecting the company by rigorously assessing the creditworthiness and risk profiles of potential clients. Your thorough evaluations and due diligence will help identify and mitigate potential risks, ensuring adherence to regulatory standards and company policies. By preventing fraud, reducing financial exposure, and maintaining robust risk management practices, you will safeguard the company's financial health and uphold its reputation in the industry.

Key Responsibilities:

• Underwriting
• Application Review and Analysis
• Assess applications for payment processing services by examining financial statements, business plans, and other relevant documentation.
• Identify potential risks and ensure applications meet company underwriting standards.
• Verify information provided by applicants through various checks and due diligence processes.
• Collaborate with the Director of CRU to evaluate high-risk accounts and make recommendations for approval or decline.
• Client Interaction
• Communicate with applicants to gather additional information or clarify details.
• Provide applicants with feedback and guidance on improving their application submissions.
• Address client inquiries related to the underwriting process in a professional and timely manner.
• Risk Management
• Risk Identification and Analysis
• Analyze transaction data to identify trends, patterns, and anomalies that may indicate potential risks or fraudulent activities.
• Evaluate the creditworthiness of clients by analyzing financial statements, credit reports, and other relevant data to calculate risk exposure and mitigation.
• Communicate with partners and or merchants to gather  information to conduct thorough risk investigations.
• Compliance and Regulatory Adherence
• Ensure all underwriting and risk management activities comply with internal policies and external regulations (e.g., AML, KYC, PCI DSS).
• Stay updated with industry regulations and standards to ensure the company’s practices are compliant.
• Collaborate with other departments to develop and enforce risk control measures and policies.

We’d love to hear from you if you:

• Have 2 - 5 years previous experience in payment processing, underwriting, risk, or a related field within the financial services or payment processing industry is preferred.
• Have familiarity with underwriting principles and risk assessment methodologies.
• Willing to participate in training programs and professional development opportunities to stay current with risk management best practices.
• Are able to contribute to the continuous improvement of risk assessment tools, models, and methodologies.
• Willing to stay informed about emerging risks and industry trends to proactively manage potential threats.
• Thrive in a fast-paced environment where you will juggle many complex projects simultaneously.
• Have an innate sense of humility and intellectual honesty with an open mind for feedback.
• Personable and professional communicator able to interact with customers and request sensitive information in a delicate manner.

We think you'll love being part of our team because we’re a values driven company that cares deeply about our team, partners, and customers. Our north star values are:

• Team First: We invest in our people to foster a vibrant culture where we all love coming to work everyday.
• Customer Love: We go above and beyond to woo Customers so that they write us love letters.
• Small Giant: We plan to build a massive business; however, we are also building a sustainable organization that has a strong sense of purpose and practices long-term thinking.
• Run to the Fire: We embrace difficult situations and lean in when confronted with adversity. We don’t shy away from doing the right thing even if it's hard.
• Bias for Action: We operate with urgency; we don’t leave for tomorrow what can be done today.
• Little Things Count: We differentiate ourselves by focusing on the little things. We believe small but thoughtful considerations and gestures can have an outsized impact.
• Punch Above our Weight: We don’t fear the competition, rather we see our nimbleness as a competitive advantage. We carry ourselves with confidence and conviction in our abilities.
• Truth Seekers: We seek truth above pride and ego. We hold each other accountable with respect and in the open. We don’t talk behind each other’s backs. One team member’s problem is the whole team’s problem.

What we can offer you:

• Executive level responsibilities that grow with the company as we scale
• Competitive base and strong upside potential
• Stock options with the potential to unlock more equity as we grow
• Flexible PTO and paid parental leave
• Medical, dental, & vision insurance
• 401K, HSA, pre-tax savings programs
• Option to be fully remote or hybrid
• Monthly education fund to spend on anything that enhances your skills or gets you one step closer to your passion goals