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Senior Merchant Risk Analyst Jobs in Chicago, IL

Coinflow

Senior Merchant Underwriter

Chicago, IL · On-site

$100K - $140K/yr

The Role As a Senior Merchant Underwriter, you will perform critical analyses on all merchant applications. This includes reviews of licenses, legal opinions, transaction activity, and credit risk.

USA JOBS

Sr Risk Analyst

Naperville, IL

$147.95K/yr

The ideal candidate will be able to demonstrate the following: 1. Knowledge of principles, theories, and applied practices of risk analysis. Specific expertise and experience in applying the theories ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

SageSure, a leader in catastrophe-exposed property insurance, is seeking a Senior Catastrophe Risk Analyst. In this role, you'll play a critical part in advancing the scientific, statistical, and ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

SageSure, a leader in catastrophe-exposed property insurance, is seeking a Senior Catastrophe Risk Analyst. In this role, you'll play a critical part in advancing the scientific, statistical, and ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · On-site

$105K - $120K/yr

As a Senior Cyber Risk Analyst at Tempus AI, you will be the driving force behind our Cyber Risk Management Program, serving as the primary custodian of the organization's Cyber Risk Register. Your ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · Hybrid

$110K - $130K/yr

As a Senior Cyber Risk Analyst at Tempus AI, you will be the driving force behind our Cyber Risk Management Program, serving as the primary custodian of the organization's Cyber Risk Register. Your ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · Hybrid

$105K - $120K/yr

As a Senior Cyber Risk Analyst at Tempus AI, you will be the driving force behind our Cyber Risk Management Program, serving as the primary custodian of the organization's Cyber Risk Register. Your ...

Inizio Partners

Credit Risk Analyst

Chicago, IL

Credit Risk Analyst Chicago, Illinois, United States About the Job Credit Risk Analyst Role ... Interacts with business partners, senior management, governance committees, and regulators to ...

Paylocity

Fraud Risk Analyst

Schaumburg, IL · On-site

Flag and document suspicious activity for further review by senior investigators. * Assist in ... Escalate merchant representments to Risk Investigator to determine next steps based on evidence and ...

Chubb

Vendor Risk Analyst

Chicago, IL · On-site +1

The Vendor Risk Management Analyst will be responsible for assessing, monitoring, and mitigating ... senior management and other stakeholders. * Stay up to date with industry trends, regulatory ...

Alliant Credit Union

Senior Credit Risk Analyst

Chicago, IL · Hybrid

$84.20K - $131K/yr

Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84.20K - $131K/yr

Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within ...

Delan Associates, Inc

Cyber Risk Analyst

Lemont, IL · On-site

Technical Direction of Work Report to a senior staff Cyber Risk Analyst within Business & Information Services; including daily guidance and collaboration with others in the Cyber Security Program ...

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Senior Merchant Risk Analyst information

See Chicago, IL salary details

$55.1K

$113.2K

$146.8K

How much do senior merchant risk analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for senior merchant risk analyst in Chicago, IL is $113,158.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,200.00 and $141,100.00 per year, depending on experience, location, and employer.
What are the most commonly searched types of Merchant Risk Analyst jobs in Chicago, IL? The most popular types of Merchant Risk Analyst jobs in Chicago, IL are:
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Senior Merchant Risk Analyst jobs near you
Infographic showing various Senior Merchant Risk Analyst job openings in Chicago, IL as of May 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 85% Physical, 13% Hybrid, and 2% Remote job distribution, with an average salary of $113,158 per year, or $54.4 per hour.

Senior Merchant Underwriter

Coinflow

Chicago, IL • On-site

$100K - $140K/yr

Full-time

Medical, Retirement

Posted 19 days ago

Job description

About Coinflow
Coinflow is the next-generation payment service provider revolutionizing global financial infrastructure with stablecoins, AI-driven fraud prevention, and instant settlement. Coinflow enables businesses to grow faster with instant settlement, fraud & chargeback indemnity, global pay-ins, multi-currency FX, and unified payouts. Founded in 2023, the company serves marketplaces, fintechs, remittance providers, gaming platforms, and ecommerce merchants worldwide.
Since our seed round in 2024, we've achieved 23x revenue growth and scaled to multi-billion-dollar annual transaction volume. In response to this growth, Coinflow announced a $25M Series A in October 2025-led by Pantera Capital, CMT Digital, Coinbase Ventures, Jump Crypto, and Reciprocal Ventures-accelerating our mission to power the world's fastest-moving businesses with innovative, reliable global payments.
Coinflow is proudly headquartered in Chicago, IL. Learn more at coinflow.cash.
The Role
As a Senior Merchant Underwriter, you will perform critical analyses on all merchant applications. This includes reviews of licenses, legal opinions, transaction activity, and credit risk. You will hold independent decision making authority for standard merchant applications and serve as a lead advisor for high-risk sectors (e.g., Crypto, Real Money Gaming, Remittance); for these complex reviews, you will determine the optimal underwriting posture and present formal approval, approval with mitigation, or decline recommendations to risk & executive leadership.
What You'll Do
  • New Business Underwriting: Evaluate merchant applications, ensuring that merchants are operating Legally, within Card Scheme Rules, and within Coinflow's operational risk appetite. This includes credit reviews to ensure financial stability and the ability to cover potential chargeback liabilities.
  • Backbook & Portfolio Reviews: Complete refresher reviews of the existing merchant portfolio, such as reviewing updated licenses, legal opinions, or Financial Statements to ensure that merchants are still operating compliantly and manage any changes to their risk profile.
  • Alert Investigation: Perform investigations on Chargeback Spikes, ACH Returns, or other indicators of changes to a merchants risk profile.
  • Process & Efficiency Projects: Drive process improvement or tooling projects to improve efficiency and scale our Underwriting program.
  • Regulatory & Scheme Adaptation: Lead initiatives to update internal processes and policies in response to emerging card partner/scheme requirements, laws, or new regional expansions.
  • Risk Mitigation: Determine actionable conditions for approval, such as implementing reserves, transaction limits, or enhanced monitoring.
  • Collaborate cross-functionally: Partner with Compliance, Product, Engineering, and Operations to help build scalable Underwriting solutions.

Required Qualifications
  • 4+ years in fintech, payments, banking, or financial services Underwriting.
  • Understanding of payment processing, merchant acquiring, and transaction risk.
  • Familiarity with evaluating high regulatory risk business models, such as business related to crypto, remittance, real money gaming, and prediction markets.
  • Proven track record meeting SLAs, and performance expectations
  • Strong analytical skills with ability to work with data and make evidence-based decisions.
  • Excellent communication skills and comfort operating in ambiguous, fast-paced environments.
  • Proficiency in spreadsheet software (Excel/Google Sheets) for data modeling, trend analysis, and synthesis of merchant processing data.

Preferred Qualifications
  • Experience working transaction monitoring systems and case management platforms.
  • SQL and business intelligence tools (e.g., Tableau, Looker).
  • Background in high-growth payment companies.
  • Interest in cryptocurrency and/or blockchain analytics expertise (Chainalysis, Merkle, Elliptic, TRM Labs).
  • Bachelor's degree

Why Join Coinflow?
  • Build from the ground up - Shape our financial crimes program with executive visibility
  • High-growth opportunity - Join during a pivotal phase with room to expand your role with team and scope
  • Cutting-edge work - Operate at the intersection of compliance, crypto, and innovative payment technology
  • Competitive package - Strong salary, equity, comprehensive benefits, and professional development support
  • Collaborative culture - Work with talented, mission-driven people building the future of payments

The base salary range for this role is $100,000 to $140,000 USD. The actual base salary offered depends on a variety of factors, including but not limited to experience, education, skills, qualifications and business needs.
In addition, the employee who fills this role will be eligible for an equity grant, allowing you to share in the long-term success of the company. You will also have access to a wide array of benefits, including health and wellness benefits, 401(k) savings plan, and flexible time off.
Join the team rewriting how money moves worldwide-and become a driving force in the $194 trillion cross-border payments market.

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