Anti Fraud Officer

Who Are We
We Are the company! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarters in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan, and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making the company one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also, the company has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Job in a Nutshell
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.

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.
• Contribute to documenting 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 that are primarily designed to manage fraud risk or comply with regulations, policies, and procedures including conducting the required investigations.
• Communicate to related functions/staff the new procedures and regulations, and ensure continuous follow up for implementation including system requirements.
• Participate in the preparation of responses to all SAMA (specific to Payment Services) circulars and requests relating to fraud-related cases and preparation of the required information in the proper form and timeframe.
• Maintain logs/records of communications, circulars, and correspondence (receive, circulate and follow up on action taken, send and follow up on replies).
• Perform the Client validation and fraud checks requirements and the validation reviews in the 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 pre-defined scenarios.
• Participate in the implementation of Anti-Fraud detection systems and setting up pre-defined scenarios.
• Contribute to updating the fraud risk-related monitoring scenarios.
• Perform oversight of Operational execution of fraud risk activity and ensure effective controls testing are in place.
• Regularly assess the efficiency and effectiveness of control systems and recommend needed 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 other related field; Master's preferred
• Strong Knowledge of KSA regulatory compliance in financial and payment services
• Previous strong experience in the area of 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 in a broad range of projects.
• Capability to analyze and assess programs, policies, and operational needs.
• Fluency in Arabic and English (verbal and written).
• Strong MS Office (Word, Excel, and PowerPoint).

What We Offer You
We believe you will love working at the company!

• We have an inclusive and diverse culture that encourages innovation and flexibility in offices.
• We offer highly competitive compensation packages, including bonuses and the potential for shares.
• We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
• Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry.
• We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.