Fraud Analyst

Job Summary

We are looking for a Fraud Analyst to join our Risk & Compliance team. The ideal candidate will be responsible for detecting, preventing, and investigating fraudulent activities within Sulfah’s lending operations, ensuring compliance with SAMA regulations and internal policies.

Key Responsibilities

• Monitor loan applications, transactions, and customer activities to identify suspicious behavior.
• Utilize fraud detection tools, analytics, and internal systems to flag high-risk cases.
• Conduct investigations on potential fraud cases, gather evidence, and prepare detailed reports.
• Recommend corrective actions and work with stakeholders to resolve incidents.
• Develop and enhance fraud prevention processes and controls.
• Proactively identify emerging fraud trends and recommend countermeasures.
• Ensure adherence to SAMA guidelines, AML/CFT laws, and Sulfah’s internal compliance framework.
• Maintain accurate investigation records for audits and regulatory inspections.
• Partner with Risk, Compliance, and Operations teams to improve fraud prevention measures.
• Conduct fraud awareness sessions for relevant departments.

Qualifications & Skills

• Bachelor’s degree in Finance, Business, Criminology, or related field.
• 3–5 years of experience in fraud prevention, detection, or investigation (preferably in lending or banking).
• Knowledge of SAMA regulations, AML/CFT laws, and fraud risk management best practices.
• Strong analytical skills with the ability to interpret complex data.
• Proficiency in Microsoft Excel, fraud monitoring tools, and case management systems.
• Excellent communication skills in both Arabic and English.
• Integrity, attention to detail, and strong problem-solving skills.

Preferred Certifications (Optional)

• Certified Fraud Examiner (CFE)
• ACAMS (Anti-Money Laundering)
• SAMA Compliance Training