Underwriting Analyst | Merchant Risk & Acquiring - Remote

Overview

Aion Bank is a fully regulated European bank and credit institution, combining Vodeno’s cutting-edge, private blockchain-based platform with its ECB banking license, strong balance sheet, and deep regulatory expertise. Our mission is to provide a comprehensive suite of embedded banking solutions, enabling businesses to seamlessly integrate financial services into their offerings.

As part of the UniCredit Group, Aion Bank and Vodeno will accelerate their digital banking offer in strategic markets and will act as a sandbox for innovation for the wider UniCredit Group. Aion Bank and Vodeno's existing Banking-as-a-Service (BaaS) offering across key European markets, including Germany and Poland, will see the bank embed its services - ranging from account access and deposits to lending, payments and loyalty programs - directly into non-banking digital platforms, facilitating seamless customer experiences.

At Aion Bank, our biggest strength is our people—a team of highly intelligent, creative, and ambitious professionals who thrive in a fast-paced, innovative environment. We believe in delivering results while fostering a culture of passion and collaboration.

We are currently looking for a Underwriting Analyst ready to join our adventure, share our ambition and help shape the future of digital banking.

In Short

• Conduct detailed due diligence and onboarding analysis of merchants applying for acquiring services.
• Evaluate merchant business models, websites, terms and conditions, and product/service legitimacy.
• Identify potential reputational, regulatory, financial, and fraud-related risks associated with the merchant’s operations.
• Assess industry risk, business location, chargeback potential, and compliance with card scheme rules (e.g. Visa, Mastercard).
• Review and verify documentation including business registration, ownership structure, financials, and licensing.
• Collaborate with Risk, Compliance, and Legal teams to ensure a holistic view of merchant risk exposure.
• Document underwriting decisions clearly and ensure adherence to internal policies and SLAs.
• Monitor approved merchants for ongoing compliance and risk triggers during the early months of activity.
• Support enhancements to the underwriting framework, policies, and risk scoring models.
• Stay informed on emerging trends in e-commerce, high-risk verticals, and acquiring-related regulatory developments.

Requirements

• 5 years of experience in underwriting, merchant onboarding, or risk analysis in a payments, fintech, or acquiring environment.
• Solid understanding of card acquiring, merchant risk management, and payment ecosystem basics.
• Ability to analyze business models and assess the legitimacy and transparency of online merchants.
• Familiarity with e-commerce platforms, website content analysis, and high-risk merchant categories.
• Detail-oriented mindset with strong documentation and analytical skills.
• Proficiency in English, both written and spoken; additional languages are a plus.
• Readiness to work in a fast-paced, regulated environment with cross-functional collaboration.
• Bachelor's degree in Finance, Business, Risk Management, or a related field; compliance or risk certifications are a plus (e.g. ETA CPP, ICA).

Benefits

• You will get an opportunity to work in an innovative, digital bank applying state of the art approaches and technologies.
• You will be provided an Individual Development Budget, dedicated to enhancing your professional skills.
• If your role permits, we also offer flexible work location.
• You and your closest family will be covered with VIP-level private medical care which includes dental treatment and a hospitalisation package.
• We care for our colleagues’ well being, therefore we cover psychological consultations if you ever feel you need such support.
• Aion bank account without fee.
• We co-sponsor your Multisport card and cover 50% of its cost.
• You will work on computer equipment that delivers the best user experience — Apple MacBook.
• Our office in Warsaw offers healthy snacks throughout the day.