The Anti-Fraud Officer will handle and resolve fraud-related tickets, investigate alerts, and prepare detailed reports.
Key Responsibilities
Key Responsibilities:
Utilize data analysis, statistical modeling, and fraud detection tools to identify suspicious patterns, trends, and anomalies in financial transactions.
Implement and maintain monitoring systems to promptly detect and investigate potential fraud incidents.
Contribute to the development and implementation of the company’s anti-fraud strategy, ensuring alignment with SAMA Anti-Fraud Rules and regulations.
Execute processes designed to manage anti-fraud risk, including compliance with regulations, policies, and procedures. Conduct required investigations as needed.
Assist in preparing anti-fraud reports.
Document investigations and findings accurately, maintaining comprehensive records.
Work closely with the credit risk team to establish and enhance fraud prevention, mitigation, and detection rules and scenarios.
Create and promote internal awareness about fraud risks within the company.
Stay updated on trends and developments related to fraud, especially in BNPL, digital financing, payments, and fintech. Collaborate with risk and product teams to implement necessary systems to mitigate identified risks.
Conduct periodic assessments of monitoring rules to evaluate and enhance the effectiveness of fraud detection and prevention systems
Study alerts generated by fraud detection systems to assess the validity and severity of potential fraud.
Address and resolve customer support tickets related to fraud or suspicious activity in a timely and effective manner.
Skills, Knowledge & Expertise
Bachelor’s degree in Mathematics, Computer Science, Finance or a related technical field.
1 to 2 years of experience in fraud prevention or a related role. Experience within a fintech environment is a plus.
Strong analytical and data capabilities, with a solid understanding of fraud detection and prevention techniques.
Knowledge of SQL and Python is a plus.
Familiarity with visualization tools such as Tableau is advantageous.
Understanding of SAMA regulations and experience working with regulatory frameworks is a plus.
Ability to thrive in ambiguous environments with a structured approach to problem-solving.
Strong quantitative skills and intellectual curiosity to ask incisive questions.
Strong verbal and written communication skills, with the ability to effectively interact with both business and technical teams.
Ability to work collaboratively with various teams and stakeholders, fostering effective working relationships.
