Fraud Analyst

Location: Limassol, Cyprus

Reporting Line: Fraud Lead

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.

The role is about:

We are looking for a motivated and analytical Junior Fraud Analyst to join our Risk Team. This role focuses on fraud detection and risk management within the acquiring side of the payments business, with a particular emphasis on supporting the development and maintenance of fraud detection systems.

The successful candidate will contribute to building and optimizing internal fraud monitoring frameworks, assisting with risk rule configuration, and helping improve fraud detection processes. This is an excellent opportunity for someone looking to build a career in payments fraud, with exposure to card scheme operations, compliance frameworks, and real-world fraud challenges.

What you will do:  

• Support the configuration and application of fraud risk rules across the acquiring side of the business

• Contribute to the development and optimization of fraud detection systems, including rules, alerts, workflows, and system improvement ideas

• Maintain and improve the existing acquiring fraud monitoring framework

• Assist in identifying fraud patterns, emerging trends, and potential risk exposure

• Translate fraud rules, risk logic, and fraud typologies into clear written documentation for internal teams

• Collaborate with Product, Engineering, Operations, and Tech Support teams to identify pain points and propose system or feature improvements

• Support fraud incident investigations, escalation handling, and root cause analysis

• Contribute to the creation and maintenance of fraud risk policies and procedures

• Support PCI DSS-related compliance initiatives and internal documentation
  

What we need:

Must-have

• 6 months to 2 years of experience in fraud, risk, AML, KYC, compliance, operations, or payments-related roles (fintech experience is a plus)

• Basic understanding of fraud prevention concepts and common fraud patterns (e.g. account takeover, friendly fraud, stolen card usage)

• Some understanding of the payments ecosystem and transaction lifecycle

• Exposure to fraud monitoring tools, case management systems, or transaction review processes

• Strong analytical mindset with the ability to investigate suspicious activity and identify patterns

• Comfortable working with data (Excel, Google Sheets, or basic BI/reporting tools)

• Ability to explain technical or complex concepts clearly and simply

• Strong communication skills and ability to collaborate across teams

• High attention to detail and structured problem-solving approach

• Eagerness to learn, adapt, and take ownership in a fast-paced environment

• Positive attitude, professionalism, and curiosity about the payments industry

• Motivation to build a career in fraud prevention and risk management

Nice-to-have

• Experience in fintech, payments, banking, or e-commerce environments

• Exposure to fraud tools, risk engines, or transaction monitoring platforms

• Familiarity with chargebacks, card scheme basics, or dispute processes

• Experience with BI tools (e.g. Tableau, Power BI, Looker) or SQL

• Degree in Mathematics, Engineering, Business, Finance, Data Analytics, or related field

• Awareness of compliance frameworks such as PCI Security Standards Council / PCI DSS

Why join us:

• Opportunity to work in a regulated fintech payments company with direct exposure to fraud prevention and card acquiring operations

• Hands-on involvement in building and optimizing fraud detection systems that directly impact merchant and customer security

• Close collaboration with Product and Engineering teams, contributing to feature improvements and fraud mitigation initiatives

• Structured learning and mentorship from experienced team members, with a clear growth path from junior to specialist level

• Exposure to multiple areas of the payments ecosystem, including acquiring, card schemes, and compliance frameworks

The perks of being a payabl.er in Cyprus Office:  

• 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.

• Stay Active Your Way: Enjoy a SportsBenefits membership giving you access to a wide variety of gyms and sports facilities to support your active lifestyle.

• 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.

• 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: 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:

1. Video Assessment: If selected, you will complete a short video assessment (max 30 mins) via our platform, answering a few questions designed to assess your communication, problem-solving, and attention to detail.

2. TA Interview: Conducted by the Talent Acquisition team (35 min).

3. Final Interview: Conducted by the Fraud Lead & the Chief Risk Officer (45 min).