Business Development Officer

High-Risk Business Development Officer is to drive our efforts in acquiring and managing high-risk gaming/betting/FX merchants. This role will involve sourcing, onboarding, and supporting merchants with heightened risk profiles, ensuring compliance with industry standards, and mitigating potential fraud and financial risks. The ideal candidate has a strong background in high-risk merchant services, risk assessment, and the gaming industry. Senior, 2-3 years high risk payment experience open for candidates from iGaming b2b (game provider as long as they have knowledge of the payment.) Nationality: Malaysian, Singaporean, and Taiwanese Language Requirement: Fluent in English & Mandarin Work setup: Remote, open for business trip Job Description - Merchant Acquisition: Identify, evaluate, and onboard high-risk (iGaming/Betting/Forex and etc.) merchants to support growth in the high-risk merchant segment. Develop a network within the industry to drive targeted merchant acquisition. - Risk Assessment & Due Diligence: Conduct thorough risk assessments on potential merchants, including AML, KYC, and regulatory compliance checks to mitigate potential fraud and financial crime. - Compliance Management: Ensure all merchants adhere to company and regulatory standards, including local and international , AML, and data privacy regulations. - Account Management & Support: Serve as the primary point of contact for high-risk merchants, providing ongoing support, monitoring, and ensuring a positive relationship. - Transaction Monitoring: Work with the risk and compliance teams to monitor merchants' transactions, flagging and addressing any unusual or high-risk activity. - Risk Mitigation Strategies: Develop and implement strategies to manage risk exposure and maintain profitability within the high-risk merchant segment. - Collaboration with Internal Teams: Collaborate with IT, compliance, legal, and operations teams to ensure a smooth and compliant onboarding process and ongoing merchant support. - Market Analysis: Stay up-to-date on industry trends, emerging risks, and regulatory changes in the industry. Use insights to inform acquisition strategies and compliance policies. - Reporting & Documentation: Prepare regular reports on merchant performance, risk exposure, and compliance status for internal stakeholders. Minimum Qualification: - Bachelors Degree in Business, Finance, Risk Management, or a related field. - 2+ years of experience in high-risk merchant acquisition, preferably within the gaming/betting/Forex, Fintech, or payment processing industries. - Strong understanding of high-risk payment processing requirements, Gaming/Betting/Forex regulations, and compliance practices. - Proficiency in AML/ KYC regulations and familiarity with fraud prevention and risk management tools. - Excellent analytical skills and attention to detail for risk assessment and monitoring. - Strong communication and negotiation skills to establish and maintain relationships with high-risk merchants. - Knowledge of the gaming industry, including regulatory requirements and market trends. - Experience with payment processing platforms and risk management systems. - Ability to work in a fast-paced, high-stakes environment with a focus on quality and compliance. Originally posted on Himalayas