Fraud Analyst

payabl. empowers businesses to grow through payments innovation and banking services. Our ambition is to expand our strong portfolio of global financial services we provide to businesses and make them all available in one place on our platform we call payabl.one. As a licensed financial company with principal membership with card schemes, we specialize in global payments and providing businesses with multi-currency accounts.

About the role:

We’re looking for a proactive and analytical Fraud Analyst to help protect our card issuing and acquiring operations from fraudulent activity. You’ll monitor transactions, analyze fraud trends, fine-tune detection systems, and collaborate across teams to keep our fraud defenses strong and compliant.

Location: Cyprus 

Reporting to: Fraud Lead 

Resposibilities: 

• Support the setup and optimization of fraud monitoring systems for card issuing activities.
• Define, test, and refine fraud detection rules and risk profiles.
• Monitor suspicious transactions and identify emerging fraud patterns.
• Collaborate with Product and IT to strengthen authentication and control measures.
• Track key fraud performance metrics (e.g., approval rates, false positives, losses).
• Ensure compliance with card scheme and regulatory fraud prevention standards.

Acquiring (Secondary Focus):

• Monitor merchant fraud alerts and support investigations into suspicious activity.
• Maintain and enhance fraud monitoring tools and workflows.
• Support ad-hoc case reviews, escalations, and incident responses.

Collaboration & Continuous Improvement:

• Partner with Product, IT, and Operations to align fraud controls with business growth.
• Liaise with external partners (Visa, Mastercard, fraud vendors).
• Help document and refine fraud risk policies and procedures.

Requirements: 

• 2–4 years of experience in fraud risk management (issuing and/or acquiring).
• Hands-on experience configuring or maintaining fraud monitoring systems.
• Solid understanding of card scheme rules, fraud typologies, and chargeback processes.
• Familiarity with fraud tools (e.g.,FutureSpace custom rule engines).
• Knowledge of PCI DSS and payments fraud compliance requirements.
• Analytical proficiency (Excel, SQL, or BI tools).
• Experience in fintech, PSP, issuer processor, or acquirer environments.
• Exposure to related risk areas (AML, Underwriting, Credit Risk).
• Knowledge of PSD2 and scheme fraud/dispute programs (e.g., VAMP).
• Experience with machine learning or behavior-based fraud detection systems.
• Project management or product collaboration experience.
• Strong communication skills and ability to work cross-functionally.

The perks of being a payabl.er:  

• Future-Proof Your Finances: Once you’ve passed probation, we’ll kickstart your Provident Fund to secure your future. 
• Grow with Us: Annual Learning Budget for professional development (eligible after probation)—because your growth is our growth. 
• Wolt Your Way Through Lunch: €150 monthly Wolt allowance to keep you fueled and happy.
• Drive in Style:  After one year with us, you may be eligible for a company car—performance and availability permitting. 
• Park with Ease: Complimentary parking space just steps from the office, so your commute is as smooth as your workday.
• Max Out Your Downtime: 25 days of vacation + public holidays, plus an additional 10 sick days to rest when needed.
• Shop & Save: Exclusive local discount card + tickets for exciting events like Beonix, basketball games, and more. 
• Speak Like a Local: Join free Greek language classes, twice a week, open to all team members. 
• Celebrate Together: Twice a year, we bring colleagues from all offices together for unforgettable company celebrations.
• Global Collaboration & Events: Opportunities to participate in international company events and initiatives, connecting with colleagues from all regions and contributing to a truly global community 

🚀 Our Hiring Process:

• First Interview: Conducted by the Talent Acquisition team (30-40 min).
• Second Interview: 1-hour Deep dive interview  with our Fraud Lead
• Final Behavioral Interview: Focused team fit, with participation from the Head of Talent Acquisition, and Chief Risk Officer. 

Let's embark on a journey to redefine the landscape of payments together. We're not just offering a role; we're inviting you to be a part of something bigger. Join our team, and let's innovate, disrupt, and lead the future of payments. Together, we can make an impact that resonates. Welcome to the team! 

If this role seems like a good match, please submit your resume all applications are treated with the strictest confidentiality. Please note that we may keep your CV for a period of one (1) year for future relevant job opportunities. For more information about how we process your data please see our privacy policy at https://www.payabl.com/privacy-policy