Underwriting & Compliance Specialist
Approvely, Inc, Florida, NY, United States
Coral Springs, United States | Posted on 03/09/2026
Location:
Remote (U.S.)
Department:
Risk, Compliance & Merchant Operations
Company:
Approvely
About Approvely Approvely is a payments and compliance infrastructure platform built to support merchants operating in complex and regulated industries. Our platform helps businesses accept payments while maintaining compliance with sponsor bank requirements, card network rules, and regulatory frameworks.
We specialize in industries often underserved by traditional processors—including online gaming, fantasy sports, sweepstakes, and other emerging digital platforms—providing both payment acceptance and compliance infrastructure.
Role Overview Approvely is seeking a
Underwriting & Compliance Specialist
responsible for evaluating merchant applications, assessing risk, and ensuring merchants meet compliance standards before onboarding onto the platform.
This role sits at the intersection of
risk management, compliance, and merchant onboarding , helping protect the platform while enabling growth. The position requires strong analytical thinking, attention to detail, and familiarity with payment processing risk and regulatory frameworks.
You will work closely with
Sales, Customer Success, Product, Engineering, and sponsor banks
to ensure merchants are onboarded properly and monitored throughout their lifecycle.
Key Responsibilities Merchant Underwriting & Risk Evaluation Review merchant applications and supporting documentation to assess risk and eligibility.
Evaluate merchant business models, ownership structures, and operational risk.
Assess financial stability, processing history, and potential chargeback exposure.
Ensure merchants operate within:
Sponsor bank requirements
Card network rules (Visa / Mastercard)
Internal risk policies
Identify high-risk indicators including fraud risk, chargeback exposure, or regulatory concerns.
Manage merchant onboarding from
application submission through account activation .
Collect and verify required onboarding documentation, including:
Ownership and KYC/KYB verification
Banking information
Processing statements
Compliance policies and licensing
Ensure merchant files are
complete and “in good order” prior to approval.
Coordinate with internal teams to ensure smooth merchant launches.
Compliance & Regulatory Review Conduct
KYC / KYB verification
and business due diligence.
Ensure merchants meet regulatory and compliance requirements for supported industries.
Review licensing, legal opinions, and other regulatory documentation when required.
Ensure merchant activities align with sponsor bank and network compliance standards.
Monitor merchant processing activity and risk indicators.
Investigate alerts related to:
ACH returns
Conduct periodic portfolio reviews to reassess merchant risk profiles.
Recommend risk mitigation measures such as:
Processing limits
Reserve requirements
Enhanced monitoring.
Process & Operational Improvements Help refine internal underwriting workflows and policies.
Identify opportunities to improve onboarding efficiency and reduce manual work.
Support tooling improvements and internal documentation.
Cross-Functional Collaboration Partner with:
Customer Success
Product
Compliance partners and sponsor banks
Escalate complex or high-risk merchant cases when needed.
Assist with maintaining underwriting documentation and internal policies.
Qualifications Required
2–5 years experience in
payments, fintech, banking, or merchant acquiring
Experience with
merchant underwriting, onboarding, or risk review
Understanding of
payment processing and merchant risk
Strong analytical and problem-solving skills
High attention to detail and documentation
Preferred
Experience with
high-risk or regulated industries , including: Crypto, Sweepstakes
Knowledge of
Visa/Mastercard rules and sponsor bank programs
Experience with
KYC/KYB processes
Familiarity with CRM, underwriting platforms, or risk monitoring systems
Skills
Risk analysis and critical thinking
Compliance and regulatory awareness
Ability to manage multiple merchant cases simultaneously
Clear communication with internal teams and external partners
What Success Looks Like
Merchant applications reviewed quickly and accurately
High-quality underwriting packages prepared for approvals
Smooth onboarding experiences for new merchants
Effective risk monitoring across the merchant portfolio
Strong compliance with sponsor bank and card network requirements
Why Join Approvely
Work at a fast-growing fintech company solving payments for underserved industries
Exposure to emerging markets including online gaming and digital platforms
Opportunity to shape underwriting and compliance processes from the ground up
Collaborative startup environment with high ownership and impact
Equity participation opportunity
Health Insurance
Flexible work environment
Opportunity to work directly with company leadership
Career growth opportunities as the company scales
Exposure to the fintech, payments, and gaming industries
Collaborative and entrepreneurial startup culture
#J-18808-Ljbffr
Location:
Remote (U.S.)
Department:
Risk, Compliance & Merchant Operations
Company:
Approvely
About Approvely Approvely is a payments and compliance infrastructure platform built to support merchants operating in complex and regulated industries. Our platform helps businesses accept payments while maintaining compliance with sponsor bank requirements, card network rules, and regulatory frameworks.
We specialize in industries often underserved by traditional processors—including online gaming, fantasy sports, sweepstakes, and other emerging digital platforms—providing both payment acceptance and compliance infrastructure.
Role Overview Approvely is seeking a
Underwriting & Compliance Specialist
responsible for evaluating merchant applications, assessing risk, and ensuring merchants meet compliance standards before onboarding onto the platform.
This role sits at the intersection of
risk management, compliance, and merchant onboarding , helping protect the platform while enabling growth. The position requires strong analytical thinking, attention to detail, and familiarity with payment processing risk and regulatory frameworks.
You will work closely with
Sales, Customer Success, Product, Engineering, and sponsor banks
to ensure merchants are onboarded properly and monitored throughout their lifecycle.
Key Responsibilities Merchant Underwriting & Risk Evaluation Review merchant applications and supporting documentation to assess risk and eligibility.
Evaluate merchant business models, ownership structures, and operational risk.
Assess financial stability, processing history, and potential chargeback exposure.
Ensure merchants operate within:
Sponsor bank requirements
Card network rules (Visa / Mastercard)
Internal risk policies
Identify high-risk indicators including fraud risk, chargeback exposure, or regulatory concerns.
Manage merchant onboarding from
application submission through account activation .
Collect and verify required onboarding documentation, including:
Ownership and KYC/KYB verification
Banking information
Processing statements
Compliance policies and licensing
Ensure merchant files are
complete and “in good order” prior to approval.
Coordinate with internal teams to ensure smooth merchant launches.
Compliance & Regulatory Review Conduct
KYC / KYB verification
and business due diligence.
Ensure merchants meet regulatory and compliance requirements for supported industries.
Review licensing, legal opinions, and other regulatory documentation when required.
Ensure merchant activities align with sponsor bank and network compliance standards.
Monitor merchant processing activity and risk indicators.
Investigate alerts related to:
ACH returns
Conduct periodic portfolio reviews to reassess merchant risk profiles.
Recommend risk mitigation measures such as:
Processing limits
Reserve requirements
Enhanced monitoring.
Process & Operational Improvements Help refine internal underwriting workflows and policies.
Identify opportunities to improve onboarding efficiency and reduce manual work.
Support tooling improvements and internal documentation.
Cross-Functional Collaboration Partner with:
Customer Success
Product
Compliance partners and sponsor banks
Escalate complex or high-risk merchant cases when needed.
Assist with maintaining underwriting documentation and internal policies.
Qualifications Required
2–5 years experience in
payments, fintech, banking, or merchant acquiring
Experience with
merchant underwriting, onboarding, or risk review
Understanding of
payment processing and merchant risk
Strong analytical and problem-solving skills
High attention to detail and documentation
Preferred
Experience with
high-risk or regulated industries , including: Crypto, Sweepstakes
Knowledge of
Visa/Mastercard rules and sponsor bank programs
Experience with
KYC/KYB processes
Familiarity with CRM, underwriting platforms, or risk monitoring systems
Skills
Risk analysis and critical thinking
Compliance and regulatory awareness
Ability to manage multiple merchant cases simultaneously
Clear communication with internal teams and external partners
What Success Looks Like
Merchant applications reviewed quickly and accurately
High-quality underwriting packages prepared for approvals
Smooth onboarding experiences for new merchants
Effective risk monitoring across the merchant portfolio
Strong compliance with sponsor bank and card network requirements
Why Join Approvely
Work at a fast-growing fintech company solving payments for underserved industries
Exposure to emerging markets including online gaming and digital platforms
Opportunity to shape underwriting and compliance processes from the ground up
Collaborative startup environment with high ownership and impact
Equity participation opportunity
Health Insurance
Flexible work environment
Opportunity to work directly with company leadership
Career growth opportunities as the company scales
Exposure to the fintech, payments, and gaming industries
Collaborative and entrepreneurial startup culture
#J-18808-Ljbffr