Division: Cybersecurity & Fraud Risk
Location: Riyadh
Working Hours: 8:00 AM to 5:00 PM (Sunday to Thursday)
Job Purpose:
Counter Fraud Systems (IBM Cipher)
Responsible for configuring, monitoring, and optimizing the IBM Cipher platform to detect, prevent, and respond to fraud risks across banking channels. Supports rule design, alert investigation, and system tuning to enhance fraud detection accuracy and reduce false positives.
Key Responsibilities:
- Implements and deploy preventive and detective fraud control activities to mitigate the risk of fraud events occurring or not being detected in a timely manner.
- Performs the Anti-fraud risk management exercise in SAB and ensures it meets legislative and regulatory requirements.
- Analyses and delivers the implementation of the Banks anti-fraud strategy, policy and standards, controls, and systems.
- Demonstrates and implements the anti-fraud Compliance, including impact analysis of regulatory changes within SAB.
- Performs proactive communication with business and implement appropriate policy and framework to manage key regulatory changes.
- Communicates advice to businesses across SAB and where appropriate on risks associated with prospective business to execute mitigation controls and strategies as appropriate.
- Performs internal fraud training and communication including lessons learned from SAB and industry experience.
- Arranges the communication with the related departments which have been fraud affected and liaises with SAB senior management in order to collect the necessary documents and data.
- Analyses and review frauds, and the extent of financial losses is assessed and gets involved in recommending recovery procedures.
- Consolidates incidents management process post fraud occurrence, ensures proper documentation and handling of confidential data, and makes certain fraud exposures are handled within established guidelines, limits and appetite and regulatory reporting requirements are satisfied at all times.
