Risk Analyst

Xolo; Spain; Hybrid; EUR 28,000 - 32,000; Full time

Benefits offered by this job

Health insurance option

Sports membership

Home office setup bonus

Monthly remote work allowance

Job summary

Xolo, a leading freelancer platform, seeks a Risk Analyst to join the group Risk function, handling first‑line controls on onboarding and monitoring queues. You’ll verify client identities, screen against sanctions and high‑risk lists, and document decisions clearly in English while escalating as needed.

On-site training is provided in Estonia, with hybrid work options in Europe or remote in Spain. The role offers structured training, clear progression, and a supportive team culture at Xolo.

Qualifications

• Bachelor's degree or higher in economics, finance, accounting, law or a related field.
• Work accurately under volume, and have the judgement to elevate rather than resolve alone.
• Comfortable working to a written procedure, with every decision documented and defensible on review.
• Confident with numbers: read statements and invoices to detect inconsistencies.
• Think logically: follow evidence step by step and explain conclusions in writing.
• Write clear, concise case notes in English that another analyst could pick up.

Responsibilities

• Verify client identity and screen against sanctions, PEP and high‑risk lists.
• Work an onboarding or alert queue and identify inefficiencies.
• Carry out customer due diligence and ongoing due diligence.
• Close routine clearances and no‑action alerts and keep records of decisions.
• Escalate suspicion, deviations and high‑risk outcomes to the Risk Lead.
• Participate in structured GDPR, AML/CFT, transaction monitoring training and cross‑training.

Skills

Attention to detail

Numerical literacy

Analytical thinking

Written English documentation

Following procedures

Communication

Education

Bachelor's degree or higher

Tools

Excel

Job description

Location: Hybrid in Estonia or remote in Spain

Compensation: 2,500 - 2,900 EUR gross monthly. 30,000 - 34,800 EUR gross annual.

About the role

We’re looking for a Risk Analyst to join Xolo’s group Risk function and operate the first‑line controls on our onboarding and monitoring queues - to procedure and to evidenced quality. Xolo is on a mission to help freelancers do their business across the EU - this will bring challenges that will constantly change and evolve as we figure out best ways to support our clients. You will verify who our clients are, screen them, and review how their accounts are used, escalating anything that doesn’t fit our risk profile to your Risk Lead. No prior AML experience is needed for the role, as we train on site, but accuracy, consistency and sound judgement on when to elevate are essential. You’ll be part of a growing Risk function, with new analysts joining across onboarding and monitoring and dedicated Risk Leads to supervise, coach and review your work. There is a clear career path ahead with progression assessed on evidenced performance rather than time served, and structured training at every step.

Responsibilities

• Verify client identity and screen clients against sanctions, PEP and high‑risk lists.
• Work an onboarding or alert queue based on our internal procedures and have the ability to identify inefficiencies.
• Carry out customer due diligence and ongoing due diligence, including information requests to clients.
• Close routine clearances and no‑action alerts within procedure, and keep a complete record of each decision.
• Escalate suspicion, procedural deviations and high‑risk or PEP outcomes to your Risk Lead.
• Take part in structured training in GDPR, AML/CFT, typologies, transaction monitoring and sanctions, and in quarterly cross‑training.

Qualifications

• Have a bachelor's degree or higher; economics, finance, accounting, law, or a related field.
• Work accurately under volume, and have the judgement to elevate rather than resolve alone.
• Are comfortable working to a written procedure, with every decision documented and defensible on review.
• Are confident with numbers: you can read a bank statement or an invoice trail and see when turnover, payments and declared activity don’t add up.
• Think logically: you separate fact from assumption, follow the evidence step by step, and reach a conclusion you can explain in writing.
• Write clear, concise case notes in English that another analyst could pick up and act on.

Bonus

Strong spreadsheet skills, or a record in numerical or logical reasoning, such as statistics, data analysis or problem‑solving tests.

Why Xolo

We invest in your well‑being: Choose between health insurance or a sports membership, enjoy a one‑time home office setup bonus, and receive a monthly remote work allowance.

Plus, you’ll be part of our annual company summer event in Estonia - a chance to connect, recharge, and have fun together.

A team of Mavericks

We aspire to challenge the norm by encouraging bold thinking and embracing the unconventional. As a member of our team, you’ll have the freedom to take risks, explore new ideas, and challenge the status quo.

We run like Clockwork

While we champion innovation, we also believe in operational excellence. Our processes are designed to be smart, efficient, and finely tuned.

Our Big‑hearted nature

You’ll work alongside mission‑driven individuals who not only bring brilliance to the table but also lead with empathy. We believe that great work is built on strong relationships, and we’re always ready to help, listen, and grow together.

About Xolo

At Xolo, we believe solopreneurs deserve better. We’ve spent the last decade simplifying entrepreneurship – removing bureaucracy, automating admin, and enabling thousands of people across the globe to build and run their businesses on their own terms. Our pioneering products are designed for freelancers, consultants, and microentrepreneurs who want to focus on their craft - not the paperwork. With more than 100 team members globally, we’re building the best possible version of solopreneurship.

Xolo interview process

Our interview process is designed to ensure a great fit for both you and the company. It typically includes a screening call, an interview with the hiring manager, and a final stage where you’ll meet the team.