Anti-Fraud Risk, Governance & Compliance Consultant

• Maintain and update the Fraud Risk Register in alignment with regulatory expectations
• Conduct Fraud Risk Assessments (FRA) across systems, applications, and digital channels
• Identify emerging fraud typologies (e.g., phishing, account takeover, card fraud, social engineering)
• Perform root cause analysis and recommend control improvements
• Track fraud risks, trends, and key risk indicators (KRIs)

• Support the implementation and maintenance of the Anti-Fraud Framework
• Establish and maintain fraud-related policies, procedures, and governance structures
• Ensure proper fraud incident escalation and reporting processes
• Promote and manage whistleblowing and fraud reporting channels
• Coordinate with internal stakeholders (Compliance, Risk, Legal, IT, Cybersecurity)

• Ensure compliance with regulatory requirements (e.g., SAMA Fraud Framework, AML guidelines)
• Support internal and external audits and regulatory inspections
• Prepare and submit fraud reports to senior management and regulators (if required)
• Monitor adherence to internal fraud risk policies and standards

• Recommend preventive and detective controls (e.g., MFA, transaction limits, behavioral analytics)
• Validate effectiveness of fraud controls and monitoring systems
• Oversee fraud monitoring activities and ensure proper case handling

• Prepare fraud dashboards and MIS reports
• Track KPIs such as:
• • Fraud loss ratio
  • Detection rate
  • False positives
  • Investigation turnaround time

• Conduct fraud awareness programs for employees and customers
Promote fraud risk awareness and accountability across the organization

Experience Level: Mid-Senior (5–8 years)

Core Focus: Fraud Risk + Governance + Compliance

Backgrounds: Risk / Audit / Compliance / Financial Crime

• 5–8 years of experience in Fraud Risk Management, Risk & Compliance, Internal Audit, or Financial Crime Prevention
• Proven experience in conducting Fraud Risk Assessments (FRA) across digital channels, payment systems, or banking operations
• Strong understanding of fraud typologies such as:
• • Phishing
  • Account takeover
  • Card fraud
  • Social engineering
  • Internal fraud

• Solid knowledge of:
• • Fraud Risk Management frameworks
  • Governance, Risk & Compliance (GRC) principles
  • Regulatory requirements (e.g., SAMA Fraud Framework, AML guidelines)

• Experience in:
• • Fraud risk identification, assessment, and mitigation
  • Root cause analysis and control improvement recommendations
  • Incident escalation and fraud case governance

• Familiarity with fraud controls such as:
• • Multi-Factor Authentication (MFA)
  • Transaction limits
  • Behavioral analytics (conceptual understanding)

• Experience in monitoring fraud risks and tracking:
• • Fraud KPIs / KRIs (e.g., fraud loss ratio, detection rate, false positives)

• Experience working with cross-functional teams:
• • Compliance
  • Risk Management
  • Cybersecurity
  • IT
  • Legal

• Experience in audit and regulatory support:
• • Internal and external audits
  • Regulatory inspections and reporting

• Strong reporting skills:
• • Preparing fraud risk reports and management dashboards (MIS)