Summary: The role of the Fraud Governance Specialist is to enhance fraud governance frameworks within the banking environment in Saudi Arabia, ensuring compliance with SAMA's Counter Fraud Framework (CFF). This position is crucial for aligning fraud management practices with regulatory standards and improving overall governance within the organization.
Main Responsibilities:
- Review and enhance fraud governance frameworks, policies, and operating models
- Ensure alignment with SAMA Counter Fraud Framework (CFF) requirements
- Support the establishment of fraud governance committees, reporting structures, and escalation processes
- Develop fraud management procedures, governance documentation, and control standards
- Coordinate with risk, compliance, audit, and business stakeholders
- Support fraud awareness, policy communication, and governance reporting activities
- Assist in regulatory assessments, gap analysis, and remediation planning
Key Requirements:
- Proven experience in fraud governance within banking or financial services
- Strong understanding of SAMA CFF and regulatory expectations in KSA
- Experience working with local Saudi banks is mandatory
- Familiarity with operational risk, compliance, and internal control environments
- Strong documentation, reporting, and stakeholder management skills
Nice to Have:
- Arabic language skills are an advantage
Other Details:
- Location: Riyadh, KSA
- Contract Duration: 4 months (extendable)
- Work Setup: Onsite
