KYC & Credit Risk Analyst (m/f/d)

Join Ratepay's team as a KYC & Credit Risk Analyst and find your path to impact! We want to hear from you!
Ratepay's customised solutions for large online merchants and marketplaces are shaping tomorrow's payment world.
In doing so, we always make sure to meet legal obligations and to assess and avoid financial risks when working with our merchants.

As a KYC & Credit Risk Analyst in our Merchant Compliance Risk team, you will play a crucial role in achieving this mission!
Short term you'll be exposed to a varied work environment and long term, you will help us continuously improve and adjust our processes in a constantly changing regulatory and partner bank environment.

Your Impact will involve;
- Conducting KYC and credit checks on new merchants. Among other things, you record and analyse company structures and financial figures in order to create a risk assessment of the merchants.
- Monitoring existing merchants for changes in their KYC data and creditworthiness and ensuring that we are always one step ahead of potential risks.
- Acting as a technical expert and contact person for internal and external stakeholders, including the commercial, legal, finance and partner bank departments.

Identify new merchants (customers) - onboarding

• KYC Focus: Examine merchant-provided documents and data (including KYC forms, structured documents, and official merchant ID records). Verify the accuracy of KYC information, utilizing sources such as credit bureaus, commercial registers, transparency records, and shareholder lists. Assess and categorize the money laundering risk associated with each merchant, considering factors like sanctions/PEP list matches, high-risk countries, etc. Seek approval when necessary and report any suspicious merchants to AML officers.
• Credit Risk focus: Create merchant credit risk rating by analysing merchant financials (provided and publicly available) such as balance sheet, e.g. with regards to KPIs such as equity ratio, revenue and profit development, also take into account credit bureau information (score, payment behaviour). Determine the financial exposure of a merchant for Ratepay (depending on risk factors, volume expectations, probability of default etc.). Suggest solvency safeguarding measures where needed due to high merchant risk. 
• Control functions: Check whether documents were provided in proper format, check merchant configuration (e.g. correct master data and prices put in by Commercial in CRM system)
• Document relevant data, events and conclusions, and communicate with stakeholders such as Commercial about missing requirements/challenges, and incorrect configurations. Be part of the onboarding project team (e.g. regular check-ins to discuss progress).

Monitor merchants:

• Monitor changes to KYC data, carry out reviews as required by regulations, and take measures if risk factors change (e.g. new high-risk countries are declared).
• Similar monitoring for solvency, check the development of credit score, exposure and potentially needed adjustments to safeguarding measures.
• Check configuration changes like prices in CRM system for correctness / compliance with contracts up until the offboarding of merchants
• Regular reviews of high-risk merchants to spot AML risk/Credit Risk and discuss potentially needed measure changes.

Internal &  external collaboration:

• Act as a subject matter expert for internal and external stakeholders
• Contribution to audit or contractually obligated partner bank requests. E.g. collect needed data and put it in needed export format, answer questions about procedures.

• You have successfully completed a degree in business administration (or a similar field) OR you have comparable commercial training
• You are familiar with KYC audits according to the requirements of the German Money Laundering Act and have already gained practical experience in this area.
• Experience in handling enquiries from internal and external stakeholders. You are motivated to familiarise yourself with the analysis of economic evaluations and annual financial statements or have already gained initial experience in this area.
• You work independently and conscientiously with a good eye for detail and spotting irregularities
• You have good written and spoken German and English skills

Bonus Skills

• Excel, Jira, Salesforce, Confluence
• Credit risk experience or skills (e.g. experience or at least courses on credit risk / balance sheet analysis)

Stability & Innovation:Become part of a dynamic fintech company that is transforming the financial industry through innovation and technology.

• Ratepay is part of the NEXI Group - one of the biggest financial groups in Europe

Team & Culture: Work with a diverse and talented team (we have 40+ nationalities!) committed to pushing boundaries and setting new standards.

• The chance to get involved in social projects as part of our sustainability initiative
• Regular company and team events (summer party, all-hands, guest speakers, conferences & events)
• Social Friday - take a half day off to contribute to a community initiative
• Brand new super modern office in the heart of Berlin for collaboration

Growth: Unlock endless opportunities for professional development and advancement as you drive fintech excellence.

• Free language learning through Babbel as well as group live classes for those who want to improve their English or German
• Access to learning platforms like Udemy for teams can attend conferences and, if included in their P&D goals, can attend additional training sessions.
• Personal Development Plans - your career progression is taken seriously with us

Flexibility: We offered flexible working hours and hybrid working options to balance work and family life

• Become a digital nomad: Work with Ratepay from any country for up to 3 months per year

Rewards & Health: Enjoy a competitive salary and benefits package that reflects your expertise and contributions.

• Generous private pension scheme 
• Annual BVG allowance to supplement the cost of public transport in Berlin
• Equipment support allowance
• Seasonal vaccinations, health checks and eye exams
• Self-care days + 28 days vacation
• Employee Bereavement plan
• Access to a corporate benefits platform where employees can get great discounts and offers for a range of online shops and activities

We value our diversity and welcome everyone to our team, regardless of ethnic and social background, religious beliefs, worldview, gender, sexual orientation, physical and mental limitations, age, marital status, educational background and nationality.
With over 250 employees and 40+ different nationalities, we take our values seriously. These include; ownership, growth, integrity, collaboration, customer centricity and inclusion (4/6 of our C-Level Board members are female).