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Satispay

Mobile payment network bypassing card networks

Fraud Prevention Specialist

Risk ManagementConfirmed live in the last 24 hours
Full-timeLuxembourg

About the Job

Requirements

  • Two to four years of experience in fraud operations or transaction monitoring within fintech, digital banking, or payment processing.
  • Solid understanding of card processing flows, SEPA Direct Debit return cycles, and velocity or pattern monitoring techniques.
  • Proficiency in querying transactional datasets and identifying anomalies using analytics tools such as Looker, HEX, or SQL.
  • Familiarity with negative balance recovery management, chargeback operations, or structured debt collection workflows.
  • A product-sensitive approach to fraud controls that avoids unnecessary user friction.
  • Ability to synthesize fraud insights and transactional patterns into clear, structured feedback for Strategy, Product, and Engineering teams.
  • High resilience under alert volumes, attention to detail, sound ethical judgment, and a proactive approach to investigating emerging attack vectors.

Responsibilities

  • Monitor multi-channel transaction flows across cards and SEPA vectors, review real-time and post-event alert queues, and resolve suspicious activity across customer portfolios.
  • Analyze transaction behaviors, velocity patterns, and scheme returns, including SEPA Direct Debit return transactions and card chargebacks, to uncover attack vectors and vulnerabilities.
  • Translate fraud insights into requirements and collaborate with the Fraud Strategy team to design, test, and calibrate transaction monitoring rules to improve detection and minimize false positives.
  • Intercept fraudulent behavior early to reduce financial exposure, scheme non-compliance, and reputational risk.
  • Manage the operational lifecycle of negative balances resulting from fraud or return flows, execute collection processes, and recover value for the business.
  • Partner with Product teams to calibrate fraud controls and step-up authentication methods to balance risk mitigation with a smooth user journey.
  • Collect, structure, and synthesize fraud loss and transaction data to generate insights and performance metrics for cross-functional stakeholders.
  • Triage complex card and SEPA Direct Debit fraud schemes and escalate critical vectors or systematic exploits for remediation.

About the Company

Satispay

Mobile payment network bypassing card networks

Satispay operates a mobile payments network that runs outside traditional card networks. It links a user’s bank account via IBAN to create a pre-funded virtual wallet for in-store, online, and peer-to-peer payments, using QR codes or online checkout to move funds directly from bank accounts to merchants or other users. Unlike card-based processors, it charges merchants a transaction fee and offers free services to consumers, aiming to reduce costs for small payments. The company seeks to make everyday payments cheaper and simpler while expanding across Europe with new services like digital vouchers and employee benefits.

Company size
501-1,000
Company stage
Late Stage VC
Total funding
$577.6M
Headquarters
Milan, Italy
Founded
2013

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