Payment Risk Specialist

About Adnovation: 

At Adnovation we develop and create innovative B2C membership-based entertainment products. Our team specializes in digital advertising, customer acquisition, and monetization of traffic through the most reliable payment, security, and advertising partners. We are part of EXOGROUP, a set of companies made up of +200 talents and offering a wide range of services within the digital business landscape with headquarters in Barcelona and offices in Dublin, Porto and Valencia.

Role:

The Payments Risk Specialist will be a key member of the Payments team, responsible for developing, implementing, and overseeing the risk management framework for all card payment operations. This role requires a deep understanding of card scheme rules, regulatory requirements (e.g., PSD2, GDPR), fraud prevention strategies, and risk assessment methodologies. The Payments Risk Specialist will proactively identify, assess, and mitigate risks associated with card payments, ensuring the security and integrity of transactions while optimizing the customer experience. This role involves collaborating closely with the card payments manager, payment providers specialist, finance, and customer support teams, as well as external partners such as card schemes, risk control tools and payment processors.

Responsibilities:

1. Risk Strategy and Framework Development:
   • Develop and maintain a comprehensive risk management strategy and framework specifically for card payments, aligned with the overall company risk appetite and regulatory requirements.
   • Define and implement risk policies, procedures, and controls across the entire card payment lifecycle, including onboarding, transaction processing, chargebacks, and fraud management.
   • Establish key risk indicators (KRIs) and metrics to monitor and report on the effectiveness of risk mitigation efforts.
     
     
2. Risk Assessment and Mitigation:
   • Conduct regular risk assessments to identify potential vulnerabilities and threats related to card payments, including fraud, operational errors, compliance breaches, and reputational risks.
   • Develop and implement effective risk mitigation strategies and controls, working closely with relevant teams to ensure their adoption and effectiveness.
   • Evaluate the risk implications of new card payment products, features, and integrations, providing recommendations to ensure secure and compliant implementation.
     
     
3. Fraud Prevention and Detection:
   • Lead the development and implementation of advanced fraud and friendly fraud detection and prevention strategies, leveraging data analytics, machine learning, and industry best practices.
   • Monitor fraud trends and patterns, adapting strategies and rules to proactively address emerging threats.
   • Manage relationships with fraud prevention vendors and evaluate the effectiveness of their solutions.
     
     
4. Compliance and Regulatory Adherence:
   • Ensure compliance with all relevant card scheme rules (e.g., Visa, Mastercard), industry standards (e.g., PCI DSS), and regulatory requirements (e.g., PSD2, GDPR) related to card payments.
   • Stay up-to-date on changes in regulations and scheme rules, assessing their impact and implementing necessary adjustments to policies and procedures.
   • Manage audits and assessments related to card payment risk and compliance.
     
     
5. Incident Management and Reporting:
   • Develop and maintain incident response plans for card payment related security breaches and fraud incidents.
   • Lead the investigation and resolution of security incidents, ensuring timely and effective containment, eradication, and recovery.
   • Prepare and present regular reports on card payment risk metrics, fraud trends, and compliance status to relevant stakeholders.
     
     
6. Collaboration and Communication:
   • Communicate risk-related information clearly and effectively to both technical and non-technical audiences.
   • Build and maintain strong relationships with external partners, including card schemes, payment processors, and regulatory bodies.

Requirements:

• Bachelor's degree in Finance, Business Administration, Computer Science, Information Security, or a related field. Master's degree preferred.
• Extensive experience in risk management within the card payments industry, with a strong focus on fraud prevention and compliance.
• In-depth knowledge of card scheme rules (Visa, Mastercard, Amex), PCI DSS standards, and relevant regulatory frameworks (PSD2, GDPR).
• Proven experience in developing and implementing risk management frameworks, policies, and procedures for card payments.
• Strong analytical and problem-solving skills, with the ability to interpret complex data and identify patterns and trends.
• Proficiency in data analysis tools (e.g., SQL, Excel, BI tools) and experience with fraud detection and prevention technologies.
• Excellent communication, presentation, and interpersonal skills, with the ability to influence and collaborate effectively across different teams and levels.
• Ability to work independently, manage multiple priorities, and thrive in a fast-paced and dynamic environment.

What you'll find working at Adnovation: 

We offer the opportunity for permanent training, personal development, ambitious career growth, and a competitive salary 

Most of all, we offer a position in a team that thrives on being successful and being industry leaders and innovators. If you have a winning mentality, this position is for you

Experience our benefits:

• Private health care insurance;
• Flexitime and Summer Schedule;
• Your Birthday off as a paid holiday;
• Flexible compensation plan: travel, meals & childcare;
• Subsidized Catering;
• Spanish, English, and Portuguese language lessons;
• Additional internal and external trainings through our EXOGROUP University program;
• Access to quality trainings through Udemy platform;
• English, Portuguese & Spanish language lessons;
• Training budget & study leave;
• Subsidised Gym;
• Calm App subscription;
• Employee referral program - Earn 2500 Euros by referring someone
• Monday team breakfast;
• Daily organic fruit;
• Free weekly yoga classes;
• Hybrid remote work.

Is this not the right role for you? Then make sure to check out all other roles we have open for you on our careers website.

The companies that are part of EXOGROUP are the data controllers regarding your personal data, in order to consider your application for present or future vacancies in our organization. For more information about the processing of your personal data and on how to exercise your rights of access, rectification, suppression, limitation, portability and opposition please visit the Protection Informative Clause Candidates.