Anti-Fraud System Monitor

Role Overview

We are seeking a skilled Anti-Fraud System Monitor & Advisor to join our Risk team in Riyadh. This individual will oversee the technical integration, continuous management, and improvement of our automated anti-fraud platform, and provide expert guidance on fraud prevention technologies and controls. The position ensures systems are effective, reliable, compliant, and contribute to early fraud detection and enhanced fraud risk management.

Key Responsibilities

• Oversee technical integration and continuous development of the automated anti-fraud platform.
• Collaborate with IT departments, external vendors, and business units to maintain system connectivity and data quality.
• Monitor fraud detection tools, including rule engines and alert dashboards, on a continual basis.
• Review and refine fraud detection parameters to boost accuracy and reduce false alarms and misses.
• Serve as technical consultant to Anti-Fraud leadership regarding system capabilities, enhancements, and technology-based risk controls.
• Validate and prioritize fraud alerts, escalating critical cases to investigation teams.
• Assist in User Acceptance Testing, system upgrades, and deployment of new fraud monitoring features.
• Analyze new fraud trends and recommend improvements to detection strategies and rules.
• Coordinate with Fraud Investigation, Cyber Fraud, Risk, IT, and Data Analytics teams to maximize monitoring efficacy.
• Compile and present management reports, dashboards, and key performance indicators related to fraud.
• Ensure monitoring processes align with Saudi Arabian Monetary Authority (SAMA) regulations and internal policies.
• Maintain thorough documentation of system configurations, processes, and fraud rules.

Qualifications and Experience

• Bachelor's degree in Information Systems, Computer Science, Finance, Risk Management, Criminal Justice, or related disciplines.
• Professional certifications like Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), or equivalents are desirable.
• 3 to 6 years of experience in fraud monitoring, detection systems, transaction monitoring, or fraud analytics, preferably in banking, fintech, or payment sectors.
• Hands-on experience with fraud rule engines, alert management platforms, and fraud detection technologies.

Required Skills

• In-depth knowledge of fraud detection systems, rule engines, and transaction monitoring solutions.
• Ability to analyze transactional data, customer behavior patterns, and system logs effectively.
• Proficiency in SQL, Microsoft Excel, Business Intelligence, and other data analytics tools.
• Understanding of fraud typologies, anti-money laundering (AML) frameworks, and SAMA regulations.
• Strong analytical thinking, communication skills, and ability to manage multiple stakeholders.