Senior Fraud Expert - SAMA Fraud

Client of Capitex

Employer Active

Posted 5 hrs ago

Experience

7 - 10 Years

Job Location

Riyadh - Saudi Arabia

Education

Any Graduation()

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

About the Role

We are seeking a highly experienced Senior Fraud Expert to support a series of critical fraud-related projects in Saudi Arabia. The ideal consultant will bring deep operational fraud expertise, hands-on experience with fraud frameworks, systems, investigations, and prevention, as well as a strong understanding of SAMA regulations and local market practices.

You will work directly with senior stakeholders across fraud, compliance, risk, and operations to uplift processes, improve controls, and assist with remediation and project delivery.

Key Responsibilities
  • Lead and support operational fraud projects across the bank/payment institution.
  • Review and enhance fraud detection, monitoring, and prevention frameworks.
  • Assess current fraud controls and provide recommendations aligned with SAMA requirements.
  • Strengthen end-to-end fraud processes (detection investigation reporting closure).
  • Support development and optimisation of fraud rules, scenarios, and system parameters.
  • Conduct root-cause analysis on fraud incidents and propose corrective actions.
  • Work with cross-functional teams (Risk, Compliance, Technology, Operations).
  • Prepare reports, presentations, and progress updates for senior management.
  • Support fraud remediation workstreams and regulatory expectations.
  • Ensure alignment with SAMA cyber fraud guidelines, anti-fraud frameworks, and industry standards.

Desired Candidate Profile

Required Experience

  • 7+ years experience in Fraud Operations, Fraud Risk, or Financial Crime roles.
  • Strong working knowledge of SAMA regulations, circulars, and fraud expectations.
  • Proven background in fraud operations within banks, fintechs, or payment companies.
  • Experience improving fraud processes, systems, controls, and governance.
  • Strong analytical and investigative skills.
  • Ability to lead and deliver fraud projects end-to-end.
  • Experience working directly with regulators or regulatory-driven remediation programmes.

Preferred Qualifications
  • Prior consulting or project-based fraud experience.
  • Expertise in card fraud, digital fraud, scams, application fraud, or transaction monitoring.
  • Hands-on exposure to fraud systems (Falcon, Feedzai, Actimize, etc.).
  • Arabic language skills (optional but beneficial).

Contract Details
  • Duration: 3 6 months (potential extension).
  • Location: Riyadh, Saudi Arabia on-site presence required.
  • Engagement: Contractor / Interim consultant via Capitex.
  • Rate: Competitive and dependent on experience.

Company Industry

  • Recruitment
  • Placement Firm
  • Executive Search

Department / Functional Area

  • Finance
  • Treasury

Keywords

  • Senior Fraud Expert - SAMA Fraud

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Client of Capitex

https://apply.workable.com/capitex/j/F93EE88934/