Merchant Acquiring Fraud Analyst (2nd LoD)

About Finom

Finom is a European tech startup headquartered in Amsterdam, and we’re on a journey towards revolutionizing the financial landscape for entrepreneurs worldwide. Our mission is to develop an all-in-one financial B2B solution that integrates banking functions, accounting, financial management, and invoicing into a seamless, mobile-first platform.

We recently closed a €115 million Series C equity round (around $133 million), bringing our total funding to approximately $346 million. This significant investment follows a $105 million growth funding round from General Catalyst, a long-term backer since 2021 known for supporting companies like Airbnb, HubSpot, KAYAK, and Stripe.

Finom's platform goes beyond traditional banking, offering invoicing and a growing suite of features, including AI-enabled accounting, aiming to simplify financial management for entrepreneurs. We're actively expanding our reach across key EU markets like Germany, France, the Netherlands, Italy, and Spain.

At Finom, we’re not just redefining the entrepreneurial experience — we’re empowering our employees to make a real difference. Your work matters, and your impact extends far beyond product metrics. We nurture innovation and an inspiring work environment where bold ideas thrive, prioritizing thorough research, swift implementation of solutions, and ensuring that every effort we make benefits our users, employees, partners, and our business as a whole.

Maintaining our start-up spirit, we prioritize thorough research, swift implementation of solutions, and ensuring that every effort we make benefits our users, employees, partners, and, of course, our business.

Merchant Acquiring Fraud Analyst (2nd LoD)

Location: fully remote in Spain/Poland/Cyprus/Netherlands

About the Role

We are looking for a highly motivated Fraud Analyst (Acquiring side) to join Finom Payments’ Second Line of Defence within the Financial Crime Risk Management Function. This role sits in the Fraud Risk Management team, reports directly to the Fraud Risk Manager, and focuses primarily on the Card Acquiring side of our fintech ecosystem.

In this role, you will be responsible for identifying, analyzing, and mitigating card acquiring fraud risks such as merchant abuse, bust-outs, transaction laundering, friendly fraud, and chargeback spikes. As a Second Line defender, you will monitor, analyze, and challenge the effectiveness of first-line operational fraud controls. You will play a key role in building and continuously improving Finom Payments' fraud risk framework, ensuring fraud rates remain strictly within risk appetite without compromising platform growth or customer experience.

What You Will Be Doing

Acquiring Fraud Risk & Scenario Development

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.

Required Experience & Skills

English – full working proficiency

2+ years of experience in merchant risk, acquiring fraud strategy, or payment processor (PSP) risk management within a regulated financial institution or fintech platform.

Experience with fraud prevention, fraud detection, fraud investigations and fraud mitigations in the financial (Banking, PSP, FinTech) sector

Solid understanding of acquiring card fraud typologies (Merchant Bust-outs, Transaction Laundering, Card-testing among others), Visa/Mastercard monitoring programs (ECP/VAMP) and rules, and chargeback mechanics .

Knowledge of the end-to-end payments ecosystem, across both issuing and acquiring rails.

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

Interpersonal Skills

FINOM strongly rejects the “Compliance says No” mindset.

We are looking for someone who:

Thinks like a risk partner , not a blocker

Is comfortable challenging assumptions and proposing pragmatic solutions

Can explain complex fraud risks in simple, business-friendly language

Communicates effectively with stakeholders across product, tech, and operations

Interview Process

Recruiter Interview

Team Interview

Test Task

Final Interview