Title: AVP - Fraud Assessment & PreventionLocation: Riyadh, Saudi Arabia
About the ClientOur client is a leading bank in the region, committed to enhancing their cybersecurity and anti-fraud capabilities to protect their operations and stakeholders from evolving threats. They are seeking an AVP - Fraud Assessment & Prevention to lead fraud monitoring, analysis, and prevention initiatives, fostering a culture of vigilance and continuous improvement in fraud risk management.
Key ResponsibilitiesLead and supervise the assessment and monitoring of transactions and activities to identify potential fraud indicators and anomalies.Assist in developing and implementing fraud prevention strategies and contribute insights to enhance the bank’s fraud prevention capabilities.Manage and support investigations into suspected fraud incidents, collaborating with internal teams and external stakeholders, including regulators and law enforcement agencies.Utilize advanced data analysis techniques to identify fraud trends, conduct risk assessments, and implement mitigation strategies.Oversee fraud prevention training programs to promote awareness and vigilance across the organization.Drive continuous improvement in fraud assessment methodologies, quality assurance processes, and governance adherence.Ensure compliance with regulatory requirements (e.g., SAMA, CMA), internal policies, and the bank’s code of conduct.
Key Requirements6+ years of experience in fraud assessment, prevention, or risk management roles within financial services or banking.Proven expertise in fraud monitoring, data analysis, investigations, and coordination with multiple stakeholders.Strong leadership skills with experience managing teams and fostering a collaborative culture.Solid knowledge of regulatory frameworks and compliance related to fraud prevention, including local mandates.Familiarity with fraud detection technologies and vendor management.Ability to promote Saudization and succession planning within the function.Excellent communication and stakeholder management skills, with a focus on continuous improvement.