Full-Time

Risk Analyst

Acquiring

Confirmed live in the last 24 hours

Highnote

Highnote

1-10 employees

Issuer processor platform for card issuance

Compensation Overview

$90k - $130kAnnually

Senior, Expert

San Francisco, CA, USA

Positions located in San Francisco are hybrid and include core working days of Tuesday, Wednesday, Thursday in office.

Category
Risk Management
Finance & Banking
Requirements
  • Knowledge of merchant acquiring, USA PATRIOT Act, OFAC, BSA/Anti-Money Laundering principles, Know Your Business and Know Your Customer processes, fraud investigations, and regulatory requirements for bank, card networks, NACHA, or similar industries.
  • Solid risk operations knowledge base in a fintech related field.
  • Ability to maintain high-quantity output while focusing on quality and accuracy in risk-related matters.
  • Strong sense of curiosity to understand root causes of problems and perform due diligence.
  • Empathy for customers and ability to glean insights from customer communication and behaviors.
  • Ability to assess the big picture with a refined detail-oriented approach.
  • Self-awareness regarding strengths and weaknesses.
Responsibilities
  • Assess ongoing risk and due diligence needs for merchant account customers abiding by enterprise policies.
  • Analyze transaction data to identify fraud, credit, and compliance risks and perform risk mitigating actions where appropriate.
  • Investigate and complete comprehensive due diligence on accounts that flag in transaction monitoring, chargeback activity, AML, fraud, and sanctions reports.
  • Document risk decisioning with supporting evidence and capture risk mitigation actions taken.
  • Accurately complete referrals for Suspicious Activity Reporting.
  • Define and adapt risk approaches to ever-evolving trends in order to protect the company against risk posed by operations and subscriber activity.
Desired Qualifications
  • 6+ years of experience on a risk team with a focus on BSA/AML principles, fraud investigations, and suspicious activity reporting.
  • CAMS, CFE, and/or CFCS certification.
  • Awareness of compliance obligations for merchant acquiring platforms.
  • Experience in working in risk at a merchant acquirer, Payment Facilitator, or other financial institution.
  • Successful under pressure and with shortened deadlines.
  • Demonstrated success developing inventive solutions to complex problems.
  • Experience presenting to and collaborating with executive teams.
  • Experience using SQL and BigQuery.

Highnote operates in the card issuance industry, providing a platform that simplifies the process of issuing cards for businesses. Their issuer processor platform offers various services, including transaction data management, identity verification, fund tracking, and transaction control. This platform is designed to be flexible and customizable, allowing businesses to create card products that fit their specific brand and needs. Highnote's clients include financial institutions and retail businesses that require card issuance services, and the platform is particularly useful for those looking to launch card products quickly. Highnote generates revenue through a B2B model, charging businesses for access to its platform, which includes tools like a GraphQL API and SDKs for rapid development and integration. The company's goal is to streamline and expedite the card issuance process while enabling businesses to develop tailored card solutions.

Company Size

1-10

Company Stage

Series B

Total Funding

$87.5M

Headquarters

Austin, Texas

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Highnote secured $90 million in Series B funding for expansion.
  • Partnership with Splitit enhances BNPL offerings via digital wallets.
  • Launch of acquiring solution streamlines financial operations for businesses.

What critics are saying

  • Highnote faces competition from established players like Marqeta and Stripe.
  • Rapid fintech advancements may require costly platform updates.
  • Regulatory changes in digital payments could impact compliance costs.

What makes Highnote unique

  • Highnote offers a unified platform for both card issuing and acquiring.
  • The platform supports virtual and physical cards, enhancing flexibility for businesses.
  • Highnote's developer-friendly tools enable rapid integration and customization for clients.

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Benefits

Unlimited PTO

Health, dental, & vision coverage

401k

Paid parental leave

Equity

Company News

PYMNTS
Mar 10th, 2025
Splitit Brings Bnpl To Digital Wallets Via Highnote Partnership

Installment payment solution Splitit has teamed with card issuance provider Highnote. The partnership, announced Monday (March 10), will employ Highnote’s technology to make Splitit’s buy now, pay later (BNPL) offering via digital wallets available at the point of sale for the first time. “With this new partnership, Highnote’s tokenized virtual cards are leveraged to pay merchants and create real-time functionality so that Splitit can offer the consumer a new way to choose payments over time,” the companies said in a news release

Intelligence360
Feb 6th, 2025
Highnote Secures $90 Million Series B, Announces Expansion Into U.S. Merchant Acquiring

Highnote’s unified payments platform offers unique capabilities for next generation issuing and acquiring customersJanuary 21, 2025 12:15 PM Eastern Standard TimeSAN FRANCISCO–(BUSINESS WIRE)–Highnote, a leader in modern card issuance and program management, announced the closing of $90 million in Series B funding and the launch of its acquiring solution. The funding was led by Adams Street Partners with participation from existing investors including Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners.“Highnote’s transformational platform and impressive growth trajectory motivated us to lead this funding round,” said Robin Murray, Partner at Adams Street Partners. “We are excited to support the company’s vision to lead innovation in embedded finance.”With the launch of its acquiring solution, Highnote now supports full pay-in and pay-out functionality for customers on the same platform as issuing, leveraging a unified, core general ledger, and resulting in unmatched cost and time-saving benefits. With Highnote’s modern embedded finance platform, enterprise customers and B2B platforms can manage all internal, vendor, and customer-facing financial transaction activity on a single, unified, reconciled payments platform.The API-based acquiring platform allows companies to accept card payments online via plug-in checkout software or custom features they design. Built by the team who developed Braintree, Highnote’s acquiring platform is directly integrated to the major payment networks – creating streamlined data access, transparency, and better economics for customers. With certification by all major US card brands, Highnote’s expansion into acquiring positions the company as a unique solution for SMBs and enterprises looking for a holistic approach to embedded payments.“We are excited to partner with Adams Street in our next phase of growth and about our entrance into the acquiring space, which accelerates the expansion of our world-class embedded finance and issuing platform,” said John MacIlwaine, CEO of Highnote

Business Wire
Jan 22nd, 2025
Highnote Secures $90 Million Series B, Announces Expansion into U.S. Merchant Acquiring

Highnote, a leader in modern card issuance and program management, announced the closing of $90 million in Series B funding and the launch of its acqu

Business Wire
Feb 5th, 2024
Atob Announces New Global Fuel Card Partnership With Mastercard

SAN FRANCISCO--(BUSINESS WIRE)--AtoB, the fintech payments platform modernizing the trucking industry’s financial system, today announced a new partnership with Mastercard making them the exclusive payments network for AtoB’s commercial credit card program. Both companies will work to bring greater payment efficiencies to the trucking industry and improve the lives of the operators and drivers who help power the global economy.More than 70% of goods in the U.S. are transported by truck1, making trucking a vital segment of the economy. Fleet managers also have unique payment needs and responsibilities requiring specialized fleet card products. This may include being able to optimize daily fleet fuel, restrict purchases to appropriate fuel and non-fuel spending, and provide fleet drivers with flexibility to respond to changing purchase needs.AtoB’s platform provides a specialized suite of tools for the trucking industry, including no-fee fleet cards, instant direct-deposit payroll, access to bank accounts, and savings tools. Its AtoB Fuel Card offers discounts of up to 84 cents per gallon and advanced analytics that improve security and efficiency for small businesses.“This new partnership with Mastercard will accelerate our commitment to delivering modern payment and logistics tools to help fleet managers track spending, save money, and strengthen overall fleet performance,” said Vignan Velivela, co-founder and CEO at AtoB

Highnote
Jan 8th, 2024
Highnote Unlocks New Cardholder Experiences With Card Profiles

Today, Highnote is proud to announce Highnote has released yet another feature that enables inspired product offerings: Card Profiles.