Payment Product Manager - Transaction Risk

About Swan

Swan is Europe's embedded banking specialist. We empower software companies to embed banking features like accounts, cards, and payments directly into their products, under their own brand. Swan processes over €1.5 billion in monthly transactions for more than 150 companies – including Pennylane, Indy, Agicap, Libeo and Lucca. Founded in 2019, the company has received growth capital from investors such as Lakestar, Accel, Creandum, Bpifrance and Eight Roads. Swan is a principal member of Mastercard and a licensed financial institution, regulated by the French banking authority (ACPR).

Our Mission

Banking belongs in business software. Many software companies already serve small businesses well, but when it comes to financial workflows there's a gap. Payment and reconciliation happen outside the software, across spreadsheets, email threads, banking portals. Business software should run it.

Job Description

The Payment Group leverages industry knowledge, payments expertise, and general insight to build and operate the API-based banking products and the platform that power cash collection, cash storage and money movements for all Swan financial products. Ultimately, the group works toward a future in which all the complexities of handling money are hidden from Swan's partners and end‑users. Within this group, the Payment Product team sits at the intersection of Strategy, Go‑To‑Market, Compliance, Risk, Data and Engineering. The team oversees all stages of the product lifecycle – from discovery to sale – while aligning with the company's global strategy. The payment product team consists of Lead Product Managers and Product Managers and ultimately owns the payment product roadmap. The Payment Product Manager leads the strategy and roadmap for a key area of our payment banking product and is end‑to‑end accountable for its success.

What You’ll Do

• Own the transaction risk roadmap end‑to‑end, including strategy, delivery and performance.
• Push the fraud detection rate / false positive rate frontier by iteratively tuning rules, features, signals and machine‑learning models.
• Measure before deciding: partner with Data and Engineering to ensure every flow emits the right signals and decisions are measurable end‑to‑end.
• Run the weekly transaction scoring tuning loop with Flow Product Managers, Data Partner and the FinCrime Lead.
• Implement AML‑CFT and sanctions rules on the platform under the Compliance Team’s mandate and monitor their performance.
• Keep the platform consistent by providing the signal taxonomy, data contracts and change‑management discipline so flow‑specific risk scores feed the engine cleanly.
• Own external transaction monitoring: tune external checks that impact acceptance rate or UX.
• Make trade‑offs explicit by translating abstract risk scores into concrete product actions.
• Ensure every decision is auditable with traceable rules, scores, signals and decisions.

Preferred Experience

• 3+ years in Product Management with end‑to‑end lifecycle ownership from discovery to release, ideally on a data‑intensive or machine‑learning‑powered product, or relevant experience as a risk/fraud strategist, data scientist or fraud product specialist in a payments/Fintech/neo‑banking environment.
• Comfort with the fraud detection rate / false positive rate trade‑off; shipped or tuned detection systems and know how to instrument, A/B test and iterate.
• Payments and fraud industry knowledge—card scheme rules, SEPA flows, scam typologies, AML‑CFT basics.
• Strong analytical skills and knowledge of SQL and data tooling.
• Tech‑savvy with a passion for technology and product development.
• Highly autonomous and comfortable using AI boldly to amplify impact.
• Strong interpersonal skills; able to coordinate and lead cross‑functional teams.
• Adaptable to changing requirements in a fast‑paced environment and comfortable with regulatory constraints.
• Fluent in English; French is a plus.

It’s okay if you don’t tick all the boxes — don’t let imposter syndrome prevent you from applying!

Swan is committed to providing a caring work environment for all employees, regardless of age, sex, disability, sexual orientation, race, religion or belief.

When it comes to recruitment, we’re interested in your work experience, skills and overall personality. Because diversity makes the workplace stronger and is necessary for Swan’s success, we are intensifying efforts to incorporate concrete actions to help us improve in this area.

Perks

• Holidays: 25 days + RTT.
• Meal Vouchers: Swile card for work days.
• Transport: Monthly mobility package for employees.
• Health insurance (mutuelle): Alan.
• Sports: Discounts on subscriptions through Classpass and Gymlib.
• Well‑being support: access to Moka Care for mental health and wellness.
• Hybrid remote policy: up to 2 days per week from home.
• Offsite: once a year gathering for deep‑dive and relaxation.

Our Values

• Simplicity: make complex things simple.
• Long Term: play the long game to support partners’ growth.
• Excellence: deliver pixel‑perfect banking services and exceed expectations.
• Be Human: act with integrity and kindness while caring about the planet.

Salary Transparency Statement

In compliance with the EU Pay Transparency Directive (effective as of 2026), Swan is committed to fair and transparent compensation.

Salary Range

This position is classified as Level 2 in our Product Manager grid. The salary range is €55,000 to €70,000 gross per year.

Annual Reviews

Structured salary reviews are conducted each February, considering performance, professional growth and market positioning.

Recruitment Process

• 30‑minute interview with a Talent Acquisition Specialist.
• 45‑minute interview with the relevant Payment Product Lead.
• Take‑home project/business case on a transaction scoring tuning problem.
• 30‑minute presentation of the business case to the Payment Product Lead and the VP Product & Operations – Payment, followed by a 30‑minute interview with the VP Product & Operations – Payment.
• 30‑minute interview with the Chief Risk Officer or the VP Data.
• Final interview with the Chief Product Officer.