At a Glance
- Tasks: Monitor transactions and investigate fraud patterns to protect our marketplace.
- Company: Join a dynamic team in a fast-paced payments environment.
- Benefits: Competitive salary, flexible working options, and opportunities for growth.
- Other info: Exciting career path with exposure to cutting-edge fraud detection tools.
- Why this job: Be an investigator in the fight against financial crime and make a real difference.
- Qualifications: Experience in fraud monitoring and strong analytical skills required.
The predicted salary is between 35000 - 45000 € per year.
We're hiring a Fraud Monitoring Analyst to join our Operations team and play a key role in the detection and investigation of fraudulent activity across our marketplace payments platform. This role is focused on post-transaction monitoring and behavioural analysis. You'll review alerts, investigate merchant activity, and external fraud notifications to identify suspicious patterns and reduce fraud exposure and mitigate financial crime. If you enjoy digging into data, thinking like an investigator, and working in a fast-moving payments environment, we'd love to hear from you.
What you'll do:
- Monitor transaction activity and merchant behaviour using internal dashboards and fraud tools, reviewing alerts from rules, behavioural triggers, and risk indicators.
- Investigate sub-merchants and accounts within a PayFac structure, analysing flows, volumes, velocity, and behaviour over time to assess fraud or scheme risk.
- Act on fraud and chargeback notifications from acquiring banks and payment networks — investigate root cause and manage exposure.
- Take appropriate risk mitigation actions including account restrictions, transaction blocks, payout holds, and escalations.
- Maintain clear, audit-ready documentation of investigations and contribute to fraud reporting and trend analysis.
- Support optimisation of fraud detection rules and contribute to playbooks, procedures, and escalation frameworks.
What we're looking for:
- Experience in fraud monitoring, transaction monitoring, or financial crime within payments, PSPs, or acquiring environments.
- Strong understanding of card payments, chargebacks, and fraud typologies.
- Experience investigating patterns of activity over time, not just single transactions.
- Familiarity with fraud tools such as Fraud.net, Sift, or Riskified.
- Strong analytical and investigative skills with excellent attention to detail.
Nice to have:
- Experience in a PayFac, marketplace, or platform payments model.
- Understanding of merchant risk and platform abuse.
- Exposure to Visa/Mastercard scheme monitoring programmes.
- Experience with Power BI or SQL for reporting.
Fraud Monitoring Analyst employer: Ryft
Join our dynamic team as a Fraud Monitoring Analyst, where you'll be at the forefront of safeguarding our marketplace payments platform. We pride ourselves on fostering a collaborative work culture that encourages continuous learning and professional growth, offering access to cutting-edge fraud detection tools and resources. Located in a vibrant area, we provide a stimulating environment that not only values your expertise but also supports your career aspirations in the fast-paced world of payments.
StudySmarter Expert Advice🤫
We think this is how you could land Fraud Monitoring Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the payments and fraud monitoring space on LinkedIn. Join relevant groups, attend webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! If you’ve got experience with fraud tools like Fraud.net or Sift, make sure to highlight that in conversations. Bring examples of how you’ve tackled fraud issues in the past. We love seeing candidates who can think like investigators!
✨Tip Number 3
Prepare for the interview by brushing up on your knowledge of card payments and chargebacks. Be ready to discuss specific fraud typologies and how you would approach monitoring transaction activity. We want to see your analytical skills in action!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team. Let’s get you on board!
We think you need these skills to ace Fraud Monitoring Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in fraud monitoring and transaction analysis. Use keywords from the job description to show that you understand what we're looking for.
Show Off Your Skills:In your cover letter, give examples of how you've used analytical skills to investigate fraud or financial crime. We want to see your thought process and how you tackle challenges!
Be Clear and Concise:When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point about your relevant experience and skills.
Apply Through Our Website:Don't forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role.
How to prepare for a job interview at Ryft
✨Know Your Fraud Tools
Familiarise yourself with the fraud tools mentioned in the job description, like Fraud.net or Sift. Be ready to discuss how you've used similar tools in past roles and how they helped you identify suspicious patterns.
✨Show Off Your Analytical Skills
Prepare examples that showcase your analytical and investigative skills. Think of specific instances where you successfully identified fraudulent activity or mitigated risk, and be ready to explain your thought process.
✨Understand Payment Structures
Brush up on your knowledge of payment structures, especially PayFac models. Being able to discuss how merchant behaviour can impact fraud risk will show that you understand the complexities of the role.
✨Be Ready for Scenario Questions
Expect scenario-based questions where you'll need to demonstrate your problem-solving abilities. Practice articulating how you would handle specific fraud cases or chargeback notifications, focusing on your decision-making process.
