Credit Underwriting Manager

Meet Nuvei, the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 700 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

At Nuvei, we live our core values, and we thrive on solving complex problems. We’re dedicated to continually improving our product and providing relentless customer service. We are always looking for exceptional talent to join us on the journey!

Your mission

The Credit Underwriting Manager is responsible for leading merchant and partner credit underwriting and ongoing credit risk management across the acquiring portfolio. The role ensures a balanced approach between risk control, regulatory compliance, and commercial growth, with particular focus on high-risk merchant segments, partners and Payment Facilitators (PayFacs), and adherence to Ongoing Customer Due Diligence (OCDD) requirements.

Requirements:
• 6–10+ years of experience in credit underwriting, merchant risk, or risk management within acquiring, fintech, or banking

• Demonstrated experience underwriting partners and Payment Facilitators (PayFacs), including assessment of program controls, sub-merchant risk, and sponsor exposure
• Proven experience assessing and managing merchants operating in high-risk verticals (e.g., travel, gaming, crypto, FX, adult, nutraceuticals, subscription models, marketplaces)
• Demonstrated experience applying risk mitigants such as reserves, limits, and enhanced monitoring
• Bachelor’s degree in Finance, Economics, Business, or a related field (or equivalent experience)

Responsibilities

• Lead end-to-end credit underwriting for new and existing merchants, partners, and Payment Facilitators (PayFacs), including SMEs, enterprise clients, and high-risk verticals
• Assess merchant, partner, and PayFac financials, settlement flows, transaction profiles, chargeback exposure, business models, and operational controls
• Conduct enhanced due diligence and credit assessments for high-risk merchants, partners, and PayFacs, considering regulatory, fraud, reputational, and operational risks
• Evaluate PayFac and partner programs, including sub-merchant onboarding controls, monitoring frameworks, and liability structures
• Determine and approve appropriate credit limits, rolling reserves, holdbacks, security deposits, and other risk mitigants
• Approve, decline, or escalate underwriting decisions in line with the company’s risk appetite and delegated authority
• Ensure underwriting decisions incorporate OCDD findings, including changes in ownership, business activity, financial condition, partner structure, or overall risk profile

Benefits:
• Private Medical Insurance:
Reimbursement for expenses related to private medical insurance (subject to approval).
• Pension Plan:
Nuvei contributes a guaranteed 11%, and employees can add more through salary sacrifice. The contribution rate increases by law annually by 0.5% until it reaches a maximum of 12%.
• Competitive Holiday Allowance:
20 days of annual leave from January to December, with the option to carry over 5 days into the following year. Additionally, 10 days of paid personal leave for sick or carer needs.
• Parental Leave:
20 weeks of government-paid leave.