Financial solutions for entrepreneurs and freelancers - combining business account benefits with multiple services
Acquiring Fraud Investigator – 2nd LoD
Location
Cyprus
Posted
5 hours ago
Salary
0
Seniority
Mid Level
Job Description
Acquiring Fraud Investigator – 2nd LoD
Finom
• Analyse internal data sources (alerts, chargebacks, disputes, anomaly reports, ML models) and external trends (card schemes, partners, law enforcement, industry intelligence) to identify emerging fraud risks related to acquiring business. • Translate observed patterns into well-defined acquiring fraud scenarios, covering areas such as Card-Present and Card-not-present fraud, friendly fraud and dispute abuse, merchant fraud, transaction laundering, enumeration and testing attacks. • Maintain and continuously enrich the Acquiring Fraud Typology Library, aligned with scheme rules, regulatory expectations, and Finom’s risk appetite. • Work closely with the Fraud Risk Manager, product, engineering, and ML teams to ensure correct translation of acquiring fraud scenarios into rules, thresholds and controls as well as machine-learning features and signals. • Participate in back-testing, validation, and tuning of acquiring fraud controls prior to production release. • Monitor performance metrics (fraud rate, chargeback ratio, false positives, merchant friction) and propose optimisation actions. • Act as a Second Line challenger, providing independent oversight of acquiring fraud risk decisions taken in the First Line. • Support scheme-related topics such as Visa / Mastercard monitoring programs, dispute ratios, and remediation actions. • Establish proper stakeholder management with product teams, risk management, quality assurance and operations teams. • Develop training materials and guidance for acquiring fraud analysts, dispute teams, and QA. • Assist in drafting and reviewing system requirements, procedures, and internal policies related to acquiring fraud prevention. • Actively participate in process improvement initiatives and ad-hoc projects within the Financial Crime Risk Management function. • Perform other duties as reasonably required to support the operational efficiency and fraud loss prevention of Finom.
Job Requirements
- English – full working proficiency
- 2–4+ years of experience in fraud risk, acquiring fraud, card fraud, or payments risk within a fintech, PSP, or regulated financial institution
- Experience with fraud prevention, fraud detection, fraud investigations and fraud mitigations in the financial (Banking, PSP, FinTech) sector
- Solid understanding of card fraud typologies, card scheme rules, and dispute / chargeback mechanics
- Knowledge of the payments ecosystem, issuing and acquiring
- Experience working with fraud rules, scenarios, or ML-driven controls (end-to-end lifecycle preferred)
- Ability to analyse large datasets; experience with SQL and/or BI tools is a strong advantage
- Strong analytical and critical-thinking skills
- Detail-oriented, proactive, and comfortable working in a fast-paced, scaling environment
- Ability to balance risk mitigation with business enablement.
Benefits
- Make a genuine impact on the product
- Join our upward trajectory, and grow with us.
- Work in the EU
- Enjoy the flexibility of traveling and working remotely or in a hybrid model across Europe.
- Become a stock options holder
- Unlock your inner entrepreneur through our Stock Options Program.
- Receive unwavering support and care
- Constant support to ensure your Finom experience is successful and fulfilling.
- Immerse yourself in our exclusive Work & Swim Program
- Spend one month in a comfortable corporate apartment in enchanting Cyprus.
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