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 payabl.one. 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.

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 payabl.er:  

• Drive in Style: Enjoy the added perk of a company car, provided upon completing one year of employment—subject to performance and availability.
• Future-Proof Your Finances: Jump on board, and after your probation period, we'll kickstart your Provident Fund.
• Grow Without Limits: Our environment is all about nurturing your talents and fuelling your ambition with endless opportunities for professional development.
• Speak Like a Local: Greek language classes, offered twice a week for all team members.
• Shop and Save: Get exclusive access to a discount card at various local businesses.
• Multicultural Workplace: Thrive in a company that celebrates diversity and values your unique contributions. Here, every perspective is appreciated, and every voice is heard.
• Lead the Charge in Pioneering Projects: Be at the forefront of innovation by playing a key role in groundbreaking projects.
• Max Out Your Downtime: With 25 days off plus public holidays, and an extra 10 days for when you're under the weather, we make sure you have ample time to relax, recharge, and return brighter.
• Support for Your Educational Aspirations: We're here to support your educational pursuits because we believe in investing in your growth. 
• Wolt Your Way Through Lunch: Enjoy a Wolt lunch allowance of €150 per month.

🚀 Our Hiring Process:

First Interview: Conducted by the Talent Acquisition team (30-40 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 at https://www.payabl.com/privacy-policy