A Payment Solutions Company in Limassol belongs to a group of very innovative companies with excellent benefits and they are looking for an organized Senior Financial Crime Specialist with experience in fraud detection and AML. In this role you will be reporting to the Risk Manager.
Responsibilities:
- Monitor daily transactions to identify patterns or anomalies indicative of potential fraud, risk, or AML cases.
- Conduct detailed investigations of flagged transactions and escalate issues when necessary.
- Collaborate with internal teams such as Risk, Compliance, RnD to implement fraud and ML prevention strategies and ensure compliance with regulatory requirements.
- Communicate with merchants to resolve flagged cases and close or escalate further the investigations.
- Analyze transactional data to assess risks and recommend mitigation measures.
- Maintain up-to-date knowledge of the regulatory landscape and industry best practices in fraud prevention and risk management.
- Review AML and Fraud Reports in our BI system to identify anomalies and risks.
- Develop new BI reporting as needed based on cases identified and experience.
- Review AML and Fraud alerts on a daily, weekly and monthly basis as well as analyze alerts performance and suggest enhancements.
- Prepare internal SARs (Suspicious Activity Reports) and liaise with the Compliance and Risk departments as needed.
- Manage the end-to-end chargeback and dispute process, ensuring effective assistance to merchants for timely and effective resolution.
- Communicate with merchants, providers, partners, and card schemes to address disputes professionally.
- Track chargeback and fraud rates according to company’s Policies and Procedures and Card Schemes requirements.
- Identify recurring chargeback and fraud trends and collaborate with stakeholders to implement preventative measures.
- Review Dispute Evidence to ensure compliance with Card Scheme requirements, provide feedback to merchants as well as analyze them from Risk and AML perspective.
- Submit Dispute Evidence to our partners and Card Schemes and maintain accurate documentation
- Prepare detailed reports on fraud cases, chargeback trends, and AML findings for senior management.
- Maintain accurate and comprehensive documentation of investigations, resolutions, and compliance actions.
- Enhance the procedures and manuals of transaction monitoring and chargeback handling, keep them up to date and ensure compliance with all applicable regulations, Card Schemes and Partners guides and requirements.
Requirements:
- Proven experience in transaction monitoring, fraud detection, or AML within the payments or financial services sector.
- Strong understanding of chargeback processes and card scheme rules.
- Familiarity with AML frameworks, regulatory requirements, and risk management principles.
- Proficiency in using fraud detection and transaction monitoring tools.
- Excellent analytical skills and attention to detail.
- Strong problem-solving and decision-making abilities.
- Effective communication skills for engaging with internal teams and external stakeholders.
- Ability to manage multiple tasks in a fast-paced environment.
- Team-oriented mindset with a proactive approach to compliance and risk mitigation.
Working hours:
- Flexible working hours (Monday to Friday), hybrid working is possible
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Senior Financial Crime Specialist (hybrid) with reference number 3266.
Or you can apply directly through your candidate login by hitting the APPLY button.
