Anti-Fraud Specialist

Paybis is a global fintech company operating at the intersection of crypto and traditional payments. Since 2014, we've been building products that help people and businesses buy, sell, and exchange cryptocurrency. We serve 8.6M+ customers across 180+ countries and operate as a self-funded company with ~200 people across Europe, Ukraine, and the US.

We hold a MiCA CASP authorisation and a Payment Institution (PSD2) licence in Latvia — one of a small group of companies in Europe holding both simultaneously. Our B2C platform (retail on/off-ramp) sees millions of transactions daily. Our B2B infrastructure platform powers enterprise customers integrating Paybis's crypto and fiat infrastructure.

Transaction monitoring and fraud prevention are critical to our compliance operations and regulatory obligations. We're looking for an experienced Anti-Fraud Specialist to scale our anti-fraud team and ensure 24/7 transaction monitoring, investigation, and reporting.

As Anti-Fraud Specialist at Paybis, you will:



1. Monitor transactions 24/7 — Review real-time transaction streams and system alerts for suspicious activity
2. Detect fraud patterns — Identify fraudulent transactions, account takeover, refund fraud, mule networks, sanctions violations, and emerging typologies
3. Investigate and document — Conduct thorough investigations into suspicious activity; prepare professional case documentation
4. File SARs — Prepare and file high-quality Suspicious Activity Reports with FinCEN (USA), FINTRAC (Canada), and other regulators
5. Review customer profiles — Assess customer KYC data, conduct ongoing due diligence, identify high-risk customers requiring Enhanced Due Diligence
6. Support regulatory compliance — Ensure Paybis meets AML/KYC obligations under MiCA, PSD2, BSA/FinCEN, FINTRAC, and EU regulations

You will report to the Anti-Fraud Lead and work closely with our Compliance team. You will be part of a rotating shift team ensuring 24/7 transaction monitoring and investigation capability.

Transaction Monitoring & Fraud Detection

• Monitor transaction monitoring platform alerts: real-time detection of suspicious amounts, geographic red flags, beneficiary patterns, velocity anomalies
• Review and triage alerts: distinguish true positives from false positives; escalate high-risk cases for investigation
• Identify fraud patterns: account takeover, refund fraud, mule accounts, layering schemes, sanctions violations, trade-based money laundering
• Apply Customer Risk Assessment (CRA): evaluate customer risk based on geography, transaction activity, stated purpose
• Monitor sanctions screening: flag OFAC, EU, and member state sanctions list matches; escalate for management review
• Detect emerging fraud typologies: monitor industry trends, alert team to new fraud vectors, suggest detection rule improvements

Customer Profile & Due Diligence

• Review KYC documents: verify identity documents, proof of address, beneficial ownership information
• Assess customer risk upon onboarding: geography, product usage, transaction patterns, high-risk indicators
• Conduct Ongoing Customer Due Diligence (OCDD): periodic review of existing customer profiles; identify risk level changes
• Identify PEP (Politically Exposed Persons): screen customers against PEP databases; flag for management review
• Enhanced Due Diligence (EDD): for High Risk customers, conduct deeper investigation into source of funds, beneficial ownership, business purpose

Investigation & Reporting

• Investigate suspicious transactions: trace transaction chains, link related accounts, construct fraud narrative
• Prepare case documentation: thorough, professional case files with evidence, analysis, and conclusions
• Prepare Suspicious Activity Reports (SAR): compile SAR packages (transactions, customer data, analysis, regulatory narrative) for filing with FinCEN, FINTRAC, or local authorities
• File SARs accurately and on time: ensure regulatory filings are complete, compliant, and defensible
• Report to Anti-Fraud Lead: escalate high-risk cases, patterns, and systemic issues; maintain case closure tracking

Compliance & Collaboration

• Follow AML compliance procedures: adhere to Paybis AML/KYC programme and internal policies
• Maintain confidentiality: handle sensitive customer and investigation information securely and professionally
• Support regulatory requests: respond to information requests from Latvijas Banka, FinCEN, FINTRAC, or other regulators
• Collaborate with teams: work with KYC/AML team, Customer Support, Finance on investigation outcomes and customer communication
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• Continuous learning: stay current with fraud trends, regulatory changes, emerging AML/KYC typologies

Must have:

• Strong analytical and problem-solving skills — ability to spot patterns, connect evidence, construct logical fraud narratives
• Meticulous attention to detail — careful document review, thorough investigation documentation, accuracy in SAR filing
• Transaction monitoring and fraud detection — familiarity with transaction monitoring systems, pattern recognition, suspicious activity identification
• Case documentation and reporting — ability to write clear, professional investigation reports and SAR filings
• Shift work commitment — willing and able to work rotating shifts (07:30, 15:30, 23:30) including weekends and nights
• Excellent English — professional-level English for documentation, SAR filing, regulatory communication
• Proactive and responsible — takes ownership of investigation quality, follows procedures precisely, identifies emerging risks independently
• Stress tolerance — maintains composure handling large alert volumes, complex cases, and tight timelines

Nice to have:

• 2–3+ years of anti-fraud or AML/compliance experience — transaction monitoring, investigation, SAR filing, or customer due diligence in a regulated financial services environment (bank, payment processor, fintech, or crypto exchange)
• Crypto/fintech AML experience — worked at crypto exchange, CASP-licensed company, or fintech fintech with crypto exposure; familiar with blockchain analytics and crypto-native fraud typologies
• AML/KYC regulatory knowledge — understanding of AML/CTF frameworks, sanctions screening, KYC verification, SAR/STR filing requirements
• Blockchain analytics tools — hands-on experience with Chainalysis, Elliptic, TRM Labs, or Forense Labs for transaction tracing
• SAR/STR filing depth — prepared high-quality SARs for FinCEN, FINTRAC, or EU authorities; comfortable with regulatory deadlines and quality standards
• Enhanced Due Diligence experience — conducted EDD for high-risk customers; source of funds tracing and beneficial ownership identification
• Sanctions screening expertise — OFAC, EU sanctions, member state lists; comfortable with sanctions workflow
• AML certification — CAMS (Certified Anti-Money Laundering Specialist) or equivalent; demonstrates professional rigor
• Multi-jurisdictional AML — experience across multiple regulatory regimes (EU, US, Canada, Asia); comfortable with different requirements
• Trade-based money laundering detection — understands TBML patterns, invoice manipulation, over/underinvoicing
• PEP screening and beneficial ownership identification — experience identifying politically exposed persons, ultimate beneficial owners
• Regulatory audit participation — participated in AML/compliance audits; comfortable with regulator questions and documentation

• On-site with team: Based in Riga; part of a collaborative compliance team; 24/7 shift rotation with teammates
• Medical insurance: Health coverage after probation period
• Benefits package: Paid lunch in office, free parking
• Professional development: On-the-job training, education budget to support professional development
• Career growth: Opportunity to develop expertise in fintech/crypto AML; potential to grow to Senior
• Meaningful work: Direct impact on fraud prevention and regulatory compliance for a global fintech platform
• Company culture: Supportive team environment, corporate events, professional development opportunities
• Stable, self-funded company: No investor pressure; focus on sustainable compliance and customer protection

• HR interview (45–60 min) — background, shift work availability, AML knowledge, financial services context
• Fraud case exercise / test (45–60 min)
• Head of Fraud Prevention interview (60 min) — deep dive into prior investigations, regulatory knowledge, SAR filing, transaction monitoring tools, fraud patterns, team fit
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• Reference check