Credit Risk Analyst

payabl. empowers businesses to grow through payments innovation and banking services. Our ambition is to expand our strong portfolio of global financial services we provide to businesses and make them all available in one place on our platform we call As a licensed financial company with principal membership with card schemes, we specialize in global payments and providing businesses with multi-currency accounts.

About the Role:

We are looking for a highly analytical and detail-oriented Credit Risk Analyst to strengthen our Credit Risk team. This role is central to safeguarding the company's financial integrity by ensuring merchants, vendors, and partners are appropriately assessed, monitored, and collateralized.
You will be deeply involved in the entire risk lifecycle:

• Onboarding & Pre-Approval: assessing prospective merchants, reviewing business models, and negotiating collateral conditions.
• Ongoing Monitoring: performing weekly settlements, monitoring exposures, and identifying anomalies.
• Offboarding & Termination: managing credit risk when merchants exit and ensuring obligations are covered.

This position requires a balance of analytical rigor, operational precision, and sound judgment in negotiations and decision-making.

Location: Cyprus or London Office
Reporting to: Credit Risk Manager

What You'll Do:

• Perform continuous assessment, monitoring, and management of credit risk across merchants, vendors, and partners.
• Ensure aggregated credit risk exposure is aligned with the company's risk appetite, proactively escalating deviations to stakeholders.
• Handle queries from prospective and existing merchants relating to financial and credit risk.
• Assess and manage the financial risk exposure of third-party vendors.
• Resolve risk-related issues with merchants, ensuring compliance with company policies and regulations.
• Ensure adherence to internal policies as well as card scheme rules and requirements.
• Facilitate merchant underwriting and onboarding assessments, including determining initial collateral requirements.
• Review and reassess collateral conditions for merchant funding, renegotiating terms when business or risk conditions change.
• Provide support for periodic and ad-hoc risk reviews, internal audits, and external audit requests.
• Participate in weekly reviews of the settlement instructions.
• Implement automated solutions for credit risk analysis, account dormancy checks, and settlement monitoring to improve accuracy and efficiency.
• Assess and analyze third-party credit risk providers and recommend their integration into existing risk management frameworks.
• Act as a subject-matter resource, educating colleagues and stakeholders across the organization to foster risk awareness and collaboration.
• Drive continuous process improvement initiatives and share best practices to enhance the company's overall credit risk management framework.

Who you are:

You are experienced in B2B credit risk assessment across banking, acquiring, or insurance underwriting, bringing expertise from collateral-sensitive or complex sectors that add fresh insights to our team's approach. You demonstrate strong negotiation skills and the confidence to uphold prudent risk standards, while also being able to share knowledge and introduce new perspectives on credit risk practices. You thrive in a fast-paced, cross-functional environment, balancing effective risk management with business growth priorities.

What we are looking for:

• 3–5 years of experience in credit risk management within acquiring, banking, insurance, or B2B financial services.
• Strong knowledge of financial statements, with the ability to calculate and interpret liquidity ratios, exposures, and capital adequacy.
• Background in merchant acquiring or POS transaction environments is highly desirable.
• Experience in insurance underwriting for companies (B2B) is also relevant.
• Solid understanding of risk frameworks, credit risk policies, and regulatory compliance.
• Demonstrated experience in negotiating credit terms, collateral conditions, and financial holds.

Soft Skills & Qualities

• Highly organized, reliable, and able to manage multiple risk assessments simultaneously.
• Strong numerical and analytical skills with precision in data handling and reporting.
• Proactive, responsible, and able to take full ownership of credit risk decisions.
• Strong communicator with the ability to collaborate across Settlement, Finance, AML, CDD, and Sales teams.
• Resilient under pressure, with the ability to make well-reasoned decisions even in complex or time-sensitive situations.
• Comfortable working with diverse business models and ensuring appropriate collateralization.
• Curious and continuously looking for ways to improve processes and automation.
  

The perks of being a   

• Future-Proof Your Finances: Once you've passed probation, we'll kickstart your Provident Fund to secure your future.
• Grow with Us: Annual Learning Budget for professional development (after probation)—because your growth is our growth.
• Wolt Your Way Through Lunch: €150 monthly Wolt allowance to keep you fueled and happy.
• Drive in Style: After one year with us, you may be eligible for a company car—performance and availability permitting.
• Park with Ease: Complimentary parking space just steps from the office, so your commute is as smooth as your workday.
• Max Out Your Downtime: 25 days of vacation + public holidays, plus an additional 10 sick days to rest when needed.
• Shop & Save: Exclusive local discount card + tickets for exciting events like Beonix, basketball games, and more.
• Speak Like a Local: Join free Greek language classes, twice a week, open to all team members.
• Celebrate Together: Twice a year, we bring colleagues from all offices together for unforgettable company celebrations.
• Global Collaboration & Events: Opportunities to participate in international company events and initiatives, connecting with colleagues from all regions and contributing to a truly global community

Please note: the posted benefits are for Cyprus office. As this role is open to multiple locations, the benefits and employment conditions may vary depending on your location. A full overview of applicable benefits and conditions will be discussed during your first interview with our Talent Acquisition team. 

 Our Hiring Process:

First Interview: Conducted by the Talent Acquisition team min).

Second Interview: 1-hour Deep dive with the Credit Risk Manager

Final Behavioral Interview - Focused team fit, with participation from the Chief Risk Officer, and Head of Talent Acquisition.

Let's embark on a journey to redefine the landscape of payments together. We're not just offering a role; we're inviting you to be a part of something bigger. Join our team, and let's innovate, disrupt, and lead the future of payments. Together, we can make an impact that resonates. Welcome to the team 

If this role seems like a good match, please submit your resume all applications are treated with the strictest confidentiality. Please note that we may keep your CV for a period of one (1) year for future relevant job opportunities. For more information about how we process your data please see our privacy policy