Lightspeed is on the hunt for a Risk Underwriter to join our Payments Operations team. You will play an integral role in the preliminary risk assessment process. You will interact with the sales and marketing team to help potential payment customers secure payment products and services. Through its suite of products, Lightspeed processes billions in transaction volume. We are looking for a leader who can help us build the team, processes, and systems to ensure we effectively, profitably, and securely price, evaluate risk and underwrite our clients.

You will work on Compliance, Underwriting, and Transaction Review (Risk) functions and initially examine sub-merchant applications for legal compliance requirements and adherence to individual company guidelines.

What you’ll be responsible for

  • Conduct risk assessment and decisioning of applications in the underwriting queue within assigned businesses, in line with acceptable risks as defined within the payment operation policies;
  • As directed, help design and implement procedures for escalating suspect fraud cases including creating mechanisms by which risk-appropriate adjustments can be incorporated within the fraud management process to reduce potential losses.
  • Identify and approve good payment business opportunities to help grow margin while rejecting/declining deals that are assessed to be outside of Lightspeed’s risk appetite for lending.
  • Maintain good relationships with various team including responding to questions and concerns that may be urgent in nature.
  • Contribute to operational improvements to streamline procedures/processes and enhance service.
  • On a daily, weekly, and monthly basis, develop and communicate standard reporting package of applications reviewed and decisioned by underwriting as a means of providing intelligence to the executives, sales, marketing and support teams, and other stakeholders;
  • Protect the interests of Lightspeed by ensuring the application is being adjudicated in accordance with assigned discretionary limits and established guidelines.
  • Perform due diligence in support of all sub-merchant applications.
  • Escalate with recommendation those applications that exceed discretionary limits and established guidelines.
  • Strong credit and risk acumen – Subject Matter Expert with knowledge of risk and underwriting analysis.
  • Strong knowledge of various sanction lists and compliance policy
  • Advanced knowledge of products, end to end processes and systems.
  • Experience in the decision making of complex sub-merchant applications.

What you’ll be bringing to the team

  • 2-5 years at a FinTech, Lending or within the Banking industry
  • Bachelor’s degree in Finance or other business-related field

To all recruitment agencies: Lightspeed does not accept unsolicited agency resumes. If we have not directly engaged your company in writing to supply candidates for a specific vacancy, Lightspeed will not be responsible for any fees related to unsolicited resumes.

Where to from here?
Obviously, this has to be mutually beneficial: we want you to step into a role you love, and we want to offer you a place you’re proud to come to every day. For a glimpse into our world check out our career page here.

Lightspeed is building communities through commerce, and we need people from all backgrounds and lived experiences to do that. We were founded in 2005, in Montreal’s gay village and our original members were all part of the LGBTQ+ community. The ethos of our business has been about inclusion from the very beginning, and we strive to provide a workplace where everyone belongs.

Who we are:
Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the company serves retail, hospitality, and golf businesses in over 100 countries.