Anti-Fraud Risk, Governance & Compliance Consultant

• Risk Management (Fraud Risk)

• 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)

• Governance & Frameworks

• 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)

• Compliance & Regulatory

• 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

• Controls & Monitoring Oversight (High-Level)

• 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

• Reporting & Performance Management

• 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

Core Focus

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)