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Payment Risk Manager information
What is the difference between Payment Risk Manager vs Credit Analyst?
| Aspect | Payment Risk Manager | Credit Analyst |
|---|---|---|
| Required Credentials | Bachelor's degree, certifications like CRCM or RMA often preferred | Bachelor's degree in finance, economics, or related field; certifications like CFA or credit analysis courses |
| Work Environment | Financial institutions, payment processing companies, e-commerce firms | Banks, lending institutions, credit bureaus |
| Employer & Industry Usage | Focuses on managing payment fraud and risk in transaction environments | Evaluates creditworthiness of individuals or businesses for lending decisions |
The Payment Risk Manager primarily focuses on mitigating risks associated with payment transactions, while the Credit Analyst assesses creditworthiness for lending. Both roles require financial knowledge and analytical skills but serve different aspects of financial risk management.
What do risk managers get paid?
What does a Payment Risk Manager do?
How much does a risk manager get paid?
Are risk managers in high demand?
Do risk managers make good money?
What are the key skills and qualifications needed to thrive as a Payment Risk Manager, and why are they important?
What are some common challenges a Payment Risk Manager faces when implementing fraud prevention strategies?
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 5 days ago
Job description
Please make sure to complete all the questions and navigate to the end of the application to sign it. This position is a hybrid, temp-to-hire opportunity
POSITIONS SUPERVISED:ย Directly: Claims Examiners, Claims Assistants; may supervise File/Mail Clerks and Administrative Assistants
POSITION SUMMARY:ย This position requires considerable interaction with the client, management, other Claims Examiners, and other TRISTAR staff in the office; therefore, consistently being at work in the office, in a timely manner, is inherently required of this position.
(Hybrid in/out of office, depending on requirements for the office)
DUTIES AND RESPONSIBILITIES:
- Directly supervises examiners and clerical staff. Includes monitoring attendance, job performance, evaluations, and disciplinary issues.*
- Reviews and addresses scheduled claims issues, such as initial and periodic reviews, delays, denials, etc.*
- Reviews and approves reserve changes, awards, and payments within Company and Client guidelines.*
- Performs file reviews to monitor compliance with policies and laws.*
- Establishes appropriate supervisory diaries on claim files and completes pending diaries on or before scheduled due dates.*
- Prepares for claim audits, reviews audit results, and provides appropriate rebuttal feedback.*
- Coordinates and leads training sessions for staff on updated laws, policies, and procedures.*
- Ensures daily caseload staffing requirements are met.*
- Responds to claimant and vendor concerns and issues as needed.*
- Ensures client servicing instructions are being adhered to.*
- Analyzes monthly client reports.*
- Facilitates internal and external audits.*
- Attends client file-staffing meetings in-person or telephonically.*
- Other duties as assigned.
*Essential job function.
EQUIPMENT OPERATED/USED:ย Computer, 10-key, printer, copier, fax machine and other office equipment.
SPECIAL EQUIPMENT OR CLOTHING:ย Appropriate office attire.
QUALIFICATIONS REQUIRED:
Education/Experience: Bachelorโs degree in related field (preferred); three (3) to five (5) years related experience; or equivalent combination of education and experience.
Knowledge, Skills and Abilities:
- Technical knowledge of statutory regulations.
- Ability to work on a diary system, prioritize tasks and meet strict deadlines.
- Strong analytical skills.
- Proficient in Word and Excel.
- Excellent written and verbal communication skills, including ability to convey technical details to claimants, clients, and staff.
- Ability to manage employees of various skill levels.
- Excellent interpersonal skills.
Other Qualifications:
- Certifications and/or licenses as required by State regulation.
Here are some of the benefits you can enjoy in this role:
- Medical, Dental, Vision Insurance.
- Life and Disability Insurance.
- 401(k) Planย
- Paid Holidays
- Paid Time Off.
- Referral bonus.
Mental and Physical Requirements: [see separate attachment attached for a copy of checklist of mental and physical requirements]
ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย MENTAL AND PHYSICAL REQUIREMENTS
1.ย MENTAL EFFORT
a.ย ย ย ย ย ย ย Reasoning development:
ย ย ย ย ย ย ย ย ย Follow one- or two-step instructions; routine, repetitive task.
ย ย ย ย ย ย ย ย ย Carry out detailed but uninvolved written or verbal instructions; deal with a few concrete
ย ย ย ย ย ย ย ย ย ย variables.
ย ย ย ย ย ย ย ย ย Follow written, verbal, or diagrammatic instructions; several concrete variables.
ย X ย ย ย ย ย Solve practical problems; variety of variables with limited standardization; interpret instructions.
ย ย ย ย ย ย ย ย ย Logical or scientific thinking to solve problems; several abstract and concrete variables.
ย ย ย ย ย ย ย ย ย Wide range of intellectual and practical problems; comprehend most obscure concepts.
b.ย ย ย ย ย ย ย Mathematical development:
ย ย ย ย ย ย ย ย ย Simple addition and subtraction; copying figures, counting, and recording.
ย ย ย ย ย ย ย ย ย Add, subtract, multiply, and divide whole numbers.
ย X ย ย ย ย ย Arithmetic calculations involving fractions, decimals, and percentages.
ย ย ย ย ย ย ย ย ย Arithmetic, algebraic, and geometric calculations.
ย ย ย ย ย ย ย ย ย Advanced mathematical and statistical techniques such as calculus, factor analysis, and probability determination.
ย ย ย ย ย ย ย ย ย Highly complex mathematical and statistical techniques, such as calculus, factor analysis, and probability determination; requires theoretical application.
c.ย ย ย ย ย ย ย Language development:
ย ย ย ย ย ย ย ย ย Ability to understand and follow verbal or demonstrated instructions; write identifying information; request supplies verbally or in writing.
ย ย ย ย ย ย ย ย ย Ability to file, post, and mail materials; copy data from one record to another; interview to obtain basic information such as age, occupation, and number of children; and guide people and provide basic direction.
ย X ย ย ย ย ย Ability to transcribe dictation; make appointments and process mail; write form letters or routine correspondence; interpret written work instructions; interview job applicants.
ย ย ย ย ย ย ย ย ย Ability to compose original correspondence, follow technical manuals, and have increased contact with people.
ย ย ย ย ย ย ย ย ย Ability to report, write, or edit articles for publication; prepare deeds, contracts, or leases; prepare and deliver lectures; interview, counsel, or advise people; evaluate technical data.
2.ย PHYSICAL EFFORT
a.ย ย ย ย ย ย ย Physical activity required to perform the job:
ย ย ย ย ย ย ย ย ย Sedentary work:ย Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects. Sedentary work involves sitting most of the time.ย Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
ย X ย ย ย ย ย Light work:
a.ย ย ย ย Exerting up to 20 pounds of force occasionally
b.ย ย ย ย Exerting up to 10 pounds frequently
c.ย ย ย ย Exerting a negligible amount of force constantly to move objects
ย ย ย ย ย ย ย ย ย ย (If the use of arm and/or leg controls requires exertion of forces greater than that for Sedentary Work and the worker sits most of the time, the job is rated for Light Work).
ย ย ย ย ย ย ย ย ย Medium work:
a.ย ย ย ย Exerting up to 50 pounds of force occasionally
b.ย ย ย ย Exerting up to 20 pounds of force frequently
c.ย ย ย ย Exerting up to 10 pounds of force constantly to move objects
ย ย ย ย ย ย ย ย ย Heavy work:
a.ย ย ย ย Exerting up to 100 pounds of force occasionally
b.ย ย ย ย Exerting up to 50 pounds of force frequently
c.ย ย ย ย Exerting up to 20 pounds of force constantly to move objects
ย ย ย ย ย ย ย ย ย Very heavy work:
a.ย ย ย ย Exerting in excess of 100 pounds of force occasionally
b.ย ย ย ย Exerting in excess of 50 pounds of force constantly to move objects
c.ย ย ย ย Exerting in excess of 20 pounds of force constantly to move objects
- Visual requirements necessary to perform the job:
ย ย ย ย ย ย ย ย ย Far vision:ย clarity of vision at 20 feet or more
ย X ย ย ย ย ย Near vision:ย clarity of vision at 20 inches or less
ย X ย ย ย ย ย Mid-range vision:ย clarity of vision at distances of more than 20 inches and less than 20 feet
ย ย ย ย ย ย ย ย ย Depth perception:ย the ability to judge distance and space relationships, so as to see objects where and as they actually are
ย ย ย ย ย ย ย ย ย Color vision:ย ability to identify and distinguish colors
ย ย ย ย ย ย ย ย ย Field of vision:ย ability to observe an area up or down or to the right or left while eyes are fixed on a given point
2.ย PHYSICAL EFFORT (cont.)
ย ย ย ย FREQUENCY
c.ย ย ย ย ย ย ย ย Physical activity necessary to perform the job and frequency (e.g., continually, frequently, or occasionally):
ย ย ย ย ย ย Climbing:ย ย ย ย ย Ascending or descending ladders, stairs, scaffolding, ramps, poles, and the like, using feet and legs and/or hands and arms.ย Body agility isย emphasized.ย This factor is important if the amount and kind of climbing required exceeds that required for ordinary locomotion.
ย ย ย ย ย ย Balancing:ย ย ย ย ย Maintaining body equilibrium to prevent falling when walking, standing, or crouching on narrow, slippery, or erratically moving surfaces.ย This factor is important if the amount and kind of balancing exceeds that needed for ordinary locomotion and maintenance of body equilibrium.
ย X ย ย Stooping:ย ย ย ย ย ย Bending body downward and forward by bending spine at the waist.ย This factor is important if it occurs to a considerable degree and requires full use of the lower extremities and back muscles.
ย X ย ย Kneeling:ย ย ย ย ย ย Bending legs at knee to come to a rest on knee or knees.
ย X ย ย Crouching:ย ย ย Bending the body downward and forward by bending legs and spine.
ย ย ย ย ย ย Crawling:ย ย ย ย ย Moving about on hands and knees or hands and feet.
ย X ย ย Reaching:ย ย ย ย ย ย Extending hand(s) and arm(s) in any direction.
ย X ย ย Standing:ย ย ย ย ย ย ย Particularly for sustained periods of time.
ย X ย ย Walking:ย ย ย ย ย ย ย Moving about on foot to accomplish tasks, particularly for long distances.
ย X ย ย Pushing:ย ย ย ย ย ย ย ย Using upper extremities top press against something with steady force in order to thrust forward, downward, or outward.
ย X ย ย Pulling:ย ย ย ย ย ย ย ย ย Using upper extremities to extent force in order to drag, haul, or tug objects in a sustained motion.
ย ย ย ย ย ย Foot
ย ย ย ย ย ย Motion: ย ย ย ย ย ย ย ย ย Using feet to push pedals.
ย X ย ย Lifting:ย ย ย ย ย ย ย ย ย ย Raising objects from a lower to a higher position or moving objects horizontally from position to position.ย This factor is important if it occurs to a considerable degree and requires substantial use of the upper extremities and back muscles.
ย X ย ย Fingering:ย ย ย ย ย Picking, pinching, typing, or otherwise working with fingers rather than with the whole hand or arm as in handling.
ย X ย ย Grasping:ย ย ย ย ย ย Applying pressure to an object with the fingers and palm.
Occasionally
Occasionally
Occasionally
Occasionally
Occasionally
Occasionally
Occasionally
Occasionally
Occasionally
Frequently
Occasionally
2.ย PHYSICAL EFFORT (cont.)ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย
ย ย ย ย ย ย FREQUENCY
ย X ย ย Talking:ย ย ย ย ย ย ย ย ย Expressing or exchanging ideas by means of the spoken word.ย Those activities in which workers must convey detailed or important spoken instructions to other workers accurately, loudly, or quickly.
ย X ย ย Hearing:ย ย ย ย ย ย ย ย Perceiving the nature of sounds with or without correction.ย Ability to receive detailed information through verbal communication, and to make fine discriminations in sound, such as when making find adjustments on machined parts.
ย ย ย ย ย ย Feeling:ย ย ย ย ย ย ย ย ย Perceiving attributes of objects, such as size, shape, temperature, or texture by touching with skin, particularly that of fingertips.
ย X ย ย Repetitiveย ย ย ย ย Substantial movements (motions) of the wrists, hands,
ย ย ย ย ย ย Motion:ย ย ย ย ย ย ย ย ย and/or fingers.
Frequently
Frequently
Frequently
3.ย WORKING CONDITIONS
Disagreeable job conditions to which the employee may be exposed and the frequency (e.g., continually, frequently, or occasionally) of this exposure.ย
ย ย ย ย ย ย ย WORKING CONDITION
ย ย ย ย ย ย ย ย ย ย ย ย ENVIRONMENTAL
ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย FACTOR
ย ย ย ย ย ย ย ย ย ย ย ย NATURE/REASON
ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย OF EXPOSURE
ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย FREQUENCY
Dirt/Dust
Noise
Temperature extremes
Dampness
Vibrations
Equipment movement hazard
Chemicals/solvents
Electrical shock
Significant work pace/pressure
Odors/Fumes
Other (specify): ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย
ย ย ย ยSignatures:
This job description has been approved by all levels of management:
Human Resources: ___________________
The employee's signature below constitutes the employee's understanding of the mental and physical requirements, essential functions, and duties of the position.
Employee____________________________ Date____________________