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Payment Risk Manager Jobs in Utah (NOW HIRING)

Make your impact within a rapidly growing Fintech Company The Risk Product team within Payments ... As Lead Product Manager on the team you will leverage your expertise to shape the future of risk ...

Responsibilities : • Define product vision and strategy for risk management capabilities across life cycle flows in payment and financial service offerings • Lead cross-functional teams in ...

Lead Product Manager - Risk Platform

Draper, UT · On-site

$169.50K - $203.40K/yr

Make your impact within a rapidly growing Fintech Company The Risk Product team within Payments ... As Lead Product Manager on the team you will leverage your expertise to shape the future of risk ...

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Payment Risk Manager information

What are the key skills and qualifications needed to thrive as a Payment Risk Manager, and why are they important?

To thrive as a Payment Risk Manager, you need a strong background in finance, risk assessment, data analysis, and a relevant degree in business, finance, or a related field. Familiarity with payment processing systems, fraud detection tools, and risk management software, as well as certifications like Certified Fraud Examiner (CFE), are typically required. Excellent problem-solving, critical thinking, and communication skills help professionals stand out in this role. These skills and qualifications are crucial for effectively identifying, mitigating, and preventing payment risks, ensuring financial security and compliance within organizations.

What are some common challenges a Payment Risk Manager faces when implementing fraud prevention strategies?

Payment Risk Managers often encounter challenges balancing effective fraud prevention with a smooth customer experience. Implementing robust controls can sometimes result in false positives, inadvertently blocking legitimate transactions and frustrating customers. Additionally, staying ahead of constantly evolving fraud tactics requires continuous learning and adaptation, as well as close collaboration with IT, compliance, and customer support teams. Regularly updating risk models and fostering communication across departments are key to addressing these challenges effectively.

What does a Payment Risk Manager do?

A Payment Risk Manager is responsible for identifying, assessing, and mitigating risks related to payment transactions within a company. They develop strategies to detect and prevent fraud, monitor payment activities, ensure compliance with relevant regulations, and analyze transaction data to identify suspicious patterns. Their work helps protect both the organization and its customers from financial losses and ensures secure and efficient payment processes.

What is the difference between Payment Risk Manager vs Credit Analyst?

AspectPayment Risk ManagerCredit Analyst
Required CredentialsBachelor's degree, certifications like CRCM or RMA often preferredBachelor's degree in finance, economics, or related field; certifications like CFA or credit analysis courses
Work EnvironmentFinancial institutions, payment processing companies, e-commerce firmsBanks, lending institutions, credit bureaus
Employer & Industry UsageFocuses on managing payment fraud and risk in transaction environmentsEvaluates 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 are popular job titles related to Payment Risk Manager jobs in Utah? For Payment Risk Manager jobs in Utah, the most frequently searched job titles are:
What job categories do people searching Payment Risk Manager jobs in Utah look for? The top searched job categories for Payment Risk Manager jobs in Utah are:
What cities in Utah are hiring for Payment Risk Manager jobs? Cities in Utah with the most Payment Risk Manager job openings:
Senior Risk Manager

Full-time

Posted 19 days ago


Church of Jesus Christ of Latter-day Saints rating

8.4

Company rating: 8.4 out of 10

Based on 77 frontline employees who took The Breakroom Quiz

3rd of 15 rated religious organizations


Job description

Job Description
The Sr. Risk Manager provides expertise in insurance & risk management; loss prevention; claims management and other key risk management activities, for a significant real estate investment portfolio of commercial, residential and land properties, overseen by a large team of professional investment managers, specializing in asset management, construction, transactions, and supporting functions.
Responsibilities
Insurance & Risk Management
  • Advising: Responsible for advising and assisting senior management in incorporating risk management and insurance principles and practices in business operations and agreements while ensuring the risk management policies and strategies are in compliance with applicable regulations, contracts, and Federal/State laws. Oversee development of tools, practices, and policies to analyze and report to management regarding the status of enterprise risk.
  • Insurance Purchase and Management: Manage all aspects of the Company's insurance plans and programs (property, casualty, builder's risk, environmental, workers compensation, etc.). Prepare insurance applications, evaluate quotes and recommend coverages, premiums, and limits. Obtain insurance cost estimates to assist in underwriting potential property acquisitions. Oversee the development of portfolio and property specific insurance renewal budgets and manage the budget for risk management operational needs. Work directly with brokers and underwriters for new and existing insurance coverage within the United States and internationally. Oversee issuance and renewal of certificates of insurance where utilized.
  • Policies & Best Practices: Develop, implement, and promote insurance and risk management-related policies, procedures, and guidelines to create a comprehensive approach to identifying, prioritizing, and mitigating risks that could impact business objectives.

Loss Prevention
  • Develop and maintain loss control programs and advise operating units on implementation, considering type of property, geographical location, and claims history. Suggest risk mitigation strategies that are cost-effective. Utilize insurer loss prevention resources.

Claims Management
  • Claims: Manage all aspects of claims including receipt and review of all accident/incident reports. Report claims/incidents to the appropriate insurance carriers and claims adjusters. Effectively leverage third party administrators in adjusting claims and monitor their performance. File claims with responsible parties and negotiate settlements with insurers of tenants, vendors, and contractors. Manage and refine the claims reporting process with a focus on efficiency.
  • Litigation: Coordinate closely with legal counsel for proper determination of liability and resolution of litigated claims in multi-state environment. Manage subrogation efforts and legal costs.

Qualifications
  • Member of the Church of Jesus Christ of Latter-day Saints and currently temple worthy
  • Bachelor's degree in risk management and insurance, law, business, or related fields; advanced degree(s) and professional designation(s) a plus.
  • More than fifteen years of experience in one or more of the following areas: risk management, insurance, legal, and/or business management. Experience with risk management of investment properties strongly preferred
  • Significant understanding of the design and administration of insurance programs to mitigate property, casualty, builder's risk and environmental risk; experience with insurance policy pricing and renewals
  • Experience with the design and administration of loss control programs, risk management policies, procedures, and training programs
  • Proven history overseeing claims management programs/working effectively with third party claims adjusters, and evaluating insurance and indemnification provisions in legal agreements
  • Experience negotiating insurance, liability and indemnification provisions of various agreement types, including joint development agreements, property management agreements, and complex commercial contracts
  • Experience overseeing litigation matters and coordinating the work of outside litigation legal counsel preferred
  • Experience with construction insurance, performance and payment bonds, and subcontractor default insurance
  • Experience with creation and execution of Enterprise Risk Management programs. Proficiency in use of RMIS a plus
  • Exceptional analytical skills, organizational skills and attention to detail with proven history of taking initiative and driving projects forward
  • Excellent skills in MS Outlook, PowerPoint, Excel and Word

PR/IP
About Us
Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord's work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings- giving Church members places to worship, teach, learn, and receive sacred ordinances-our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.
Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law.
Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.

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