JOB PURPOSE:
Assist in fraud prevention and detection efforts by supporting data collection, monitoring transactions, and reporting suspicious activity to help maintain compliance with SAMA counter fraud framework and organizational policies.
Key Accountabilities
Description
- Monitor transaction data reports to detect unusual patterns and identify potentially fraudulent activities.
- Use analytical tools and software to assess risk indicators and trends.
- Conduct detailed investigations of flagged cases, compiling evidence, and preparing reports for further action.
- Engage with other departments (e.g., compliance, business, IT, and customer service) to gather necessary information during investigations.
- Prepare comprehensive reports on fraud cases, including findings, risk implications, and recommended actions.
- Document all fraud cases in the system, ensuring accurate and timely record-keeping for audits and reviews.
- Assist the Anti-fraud team in conducting fraud risk assessments, identifying vulnerable areas, and recommending controls.
- Liaise with BAB operation team to enforcement SAMA mandate andor require SAMA counter-Fraud CSF
- Recommend real-time use cases monitoring and implement fraud prevention measures to detect and block potential fraud in real-time.
- Work with BAB on alert thresholds based on fraud trends to balance risk coverage and minimize false positives.
- Develop and implement fraud prevention strategies and controls to mitigate fraud risks.
- Review fraud prevention strategies and controls to mitigate fraud risks.
- Collaborate with business, IT and cybersecurity teams to strengthen digital security measures.
- Conduct training sessions for relevant teams to raise awareness of fraud risks and prevention measures.
QUALIFICATIONS
Bachelor's or master's degree in information security, computer since or relevant major.
Certificate: certified ant-Fraud professional, CFE, GRCP, CGSS,CCO
EXPERIENCE
- 4-6 years in relevant fields.
SKILLS
- Basic Fraud Detection Techniques
- Transaction Monitoring and Alert Analysis
- Data Collection and Reporting
- Attention to Detail
- Knowledge of Regulatory Compliance Basics
- Proficiency in Microsoft Excel or similar tools
- Clear Communication for Escalating Issues
- Ability to Follow Established Procedures
