Business Risk Analyst (Fraud & Trading)

ph3About the company /h3 pHercle is a fast‑growing fintech building institutional‑grade infrastructure that bridges fiat, stablecoins, and digital assets, enabling cross‑border transactions at scale and in real time. Serving over 200 clients globally, Hercle provides banks, brokers, payment service providers, and fintechs with seamless solutions for cross‑border payments, trading, and treasury management. /p h3About the role /h3 pIn this role, you will serve as a Business Risk Analyst within the first line of defence (1LoD), supporting the day‑to‑day risk operations of Hercle. The primary objective is to assist the Head of Operations in managing the 1LoD non‑financial risk framework across two core domains: (A) payment fraud monitoring and (B) market abuse trade surveillance. The Analyst has operational ownership of the front‑line alert queues, conducting L1 investigations, managing case lifecycles, and escalating confirmed or material findings through established governance channels to the Risk Management and Compliance function. The role demands the ability to exercise sound, evidence‑based judgment under time pressure across multi‑currency fiat flows, stablecoin movements, and trading activity on regulated venues. /p h3Key Responsibilities /h3 h3Payment Fraud Monitoring (escalation line: CRO) /h3 ul liOperate the daily fraud monitoring workflow on the firm's payment monitoring platform (Flagright or equivalent), covering inbound and outbound fiat flows and digital asset transfers across Hercle's accounts. /li liTriage real‑time fraud alerts: classify, investigate, and document each case in the case management system in accordance with internal policies. /li liExecute L1 controls on payment exceptions, including APP fraud red flags, unauthorised transactions, mule‑account patterns, account‑takeover indicators, social‑engineering typologies, and merchant/PSP‑side anomalies. /li liCoordinate with the AML team on overlapping financial crime red flags – suspicious activity, structuring, and sanctions – maintaining a clean separation between fraud cases and AML/STR cases. /li liEscalate confirmed fraud, material near‑misses, and policy exceptions to the Chief Risk Officer per the escalation matrix; prepare incident packs and contribute to root‑cause analysis. /li liMaintain fraud KRIs (alert volumes, false‑positive rates, fraud losses, recovery rates, and SLA adherence) and contribute to the monthly 1LoD risk reporting cycle. /li liSupport the calibration of fraud detection rules, thresholds, and scenarios in coordination with the CRO and the technology owners of the monitoring platform. /li liLiaise with banking partners and PSP counterparties on disputed transactions and recall requests. /li /ul h3Market Abuse Trade Surveillance (escalation line: Local Compliance Officer) /h3 ul liOperate the L1 trade surveillance workflow defined by internal policies, covering the firm's trading activity across all in‑scope typologies (e.g. spoofing). /li liReview and manage trade surveillance alerts; document rationale, supporting evidence, and case disposition in the case management system. /li liInvestigate cross‑venue, cross‑asset, and cross‑account patterns; request and analyse order book data, trade logs, and counterparty information as required. /li liEscalate suspicious patterns and candidate cases to the Compliance Department in accordance with the firm's escalation matrix; prepare investigation files to support Compliance's L2 review. /li liContribute to scenario calibration, threshold tuning, and the periodic effectiveness review of trade surveillance coverage. /li liMaintain market abuse KRIs and contribute to the monthly 1LoD risk reporting cycle. /li /ul h3General Responsibilities /h3 ul liContribute to the maintenance and ongoing development of 1LoD procedures, control narratives, and operating manuals. /li liSupport RCSA activities led by 2LoD, providing evidence on the design and operating effectiveness of business‑line controls. /li liParticipate in DORA‑aligned incident management drills and operational resilience testing where relevant to the fraud and market abuse domains. /li liAct as subject‑matter contact for internal audit, external audit, and regulatory engagements on fraud and surveillance topics. /li /ul h3Requirements /h3 ul liMinimum two years of professional experience in a first‑ or second‑line risk, fraud, or surveillance role within a fast‑paced financial services environment: investment bank, systemically important financial institution, payment service provider, electronic money institution, fintech, or asset manager. /li liBachelor's degree in Economics, Finance, Banking, Statistics, Engineering, or a related quantitative discipline. /li liDemonstrated ability to manage alert queues under SLA pressure and produce defensible, evidence‑based case files. /liliWorking knowledge of at least one of the following: PSD2 fraud requirements (SCA, transaction risk analysis, and fraud reporting under EBA RTS); MAR Articles (market abuse typologies and STOR mechanics); or a recognised equivalent framework. /li liStrong analytical skills, including proficiency in SQL or a comparable data query language, with demonstrated comfort working with structured transaction and trade data. /li liProfessional fluency in English and Italian. /li liSound judgment, intellectual honesty, and a proven willingness to elevate without hesitation. /li /ul h3Preferred Qualifications /h3 ul liDirect hands‑on experience with Flagright or a comparable transaction monitoring or fraud platform (e.g. Hawk AI, Feedzai, ComplyAdvantage). /li liHands‑on experience with trade surveillance platforms (e.g. Solidus Labs, Eventus Validus, NICE Actimize, Trillium Surveyor). /li liUnderstanding of global market microstructure, venue ecosystems, and the payments industry across its principal sub‑segments (acquiring, issuing, money remittance, e‑money, account‑to‑account, and card scheme rails). /li liFamiliarity with crypto‑asset markets, stablecoin flows, on‑chain analytics, and the market abuse regime under MiCAR. /li /ul h3Compensation /h3 ul liBase salary in the range of €35,000 – €45,000 per annum, commensurate with experience. /li /ul h3Why Join Hercle? /h3 pThis isn't a role where you'll spend your days rubber‑stamping alerts in a queue someone else built. You'll be standing up the first‑line risk function of a company operating across multiple jurisdictions, asset classes, and regulatory regimes – and the controls you design and operate will matter from day one. /p pYou'll work directly with the CRO and Compliance, close to real trading and payment activity, with genuine ownership over the fraud and surveillance frameworks as they scale. If you want to move beyond checkbox compliance and actually build something, this is where you do it. /p /p #J-18808-Ljbffr