About the Role
The Anti-Fraud Officer will be part of the Anti-Financial Crime function in charge of overseeing fraud risk in the company, covering Anti-Money Laundering (AML), Combating Terrorism Financing (CTF) and Anti-Fraud (AF). This role should adhere to and implement all SAMA regulations in these aspects and ensure the development and implementation of related policies, procedures, roles, monitoring, systems/tools, and reporting.
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What Will You Do
- Contribute to the preparation of the Anti Fraud policy in line with SAMA (specific to Payment Services) regulations and established rules or principles.
- Document Anti-Fraud policy/manual for the company in accordance with SAMA (specific to Payment Services) and the Anti-Fraud Law.
- Participate in documenting detailed procedure manuals covering all processes and reporting requirements related to Anti-Fraud.
- Execute all required processes designed to manage fraud risk or comply with regulations, policies, and procedures including conducting necessary investigations.
- Communicate new procedures and regulations to related functions/staff, and ensure continuous follow-up for implementation, including system requirements.
- Prepare responses to all SAMA (specific to Payment Services) circulars and requests relating to fraud-related cases, ensuring timely submission of required information.
- Maintain logs/records of communications, circulars, and correspondence; ensure action is taken and followed up on replies.
- Perform client validation and fraud checks during onboarding and revalidation of clients’ acceptance.
- Contribute to the implementation of tools/systems for monitoring clients and transactions against lists of sanctioned persons, entities, or countries issued by the government/competent authorities and predefined scenarios.
- Participate in the implementation of the Anti-fraud detection system and establish predefined scenarios.
- Update the fraud risk-related monitoring scenarios.
- Oversee operational execution of fraud risk activities and ensure effective controls testing is in place.
- Regularly assess the efficiency and effectiveness of control systems and recommend necessary improvements.
- Conduct fraud risk-related risk assessments for entities/processes, new products, services, and initiatives in coordination with the Financial Crime Manager.
What Are We Looking For
- 2-3 years of experience in a relevant role.
- Bachelor's degree in business, finance, economics, law, or related field; Master’s preferred.
- Strong knowledge of KSA regulatory compliance in financial and payment services.
- Previous and strong experience in payments, Anti-Fraud, Anti-Bribery, and Corruption within financial services industries.
- Knowledge of the SAMA (specific to Payment Services) regulatory framework.
- Willingness to expand technical knowledge across a broad range of projects.
- Capability to analyze and assess programs, policies, and operational needs.
- Fluency in Arabic and English (verbal and written).
- Strong proficiency in MS Office (Word, Excel, and PowerPoint).
What We Offer You
- An inclusive and diverse culture that encourages innovation and flexibility in offices.
- Highly competitive compensation packages, including bonuses and the potential for shares.
- Prioritization of personal development with regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
- The opportunity to join a talented team of over 30 nationalities working in 14 countries and gain valuable experience in an exciting industry.
- Autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.
