Anti-Fraud Assistant Manager

Job Overview

The Anti-Fraud Assistant Manager will play a pivotal role in supporting fraud detection and prevention efforts within the organization. The position involves monitoring transactional data to identify suspicious activities and ensuring compliance with the Saudi Arabian Monetary Authority (SAMA) counter-fraud framework and internal policies.

Key Duties and Responsibilities

• Analyze transaction data reports to detect abnormal patterns indicative of potential fraud.
• Utilize analytical software and tools to evaluate risk signals and trends.
• Perform thorough investigations of flagged incidents, compile supporting evidence, and prepare detailed reports to facilitate further actions.
• Collaborate with departments such as compliance, business units, IT, and customer service to gather critical information during investigations.
• Document fraud cases meticulously for auditing and review purposes, maintaining accurate records within the system.
• Support the Anti-Fraud team in assessing fraud risks, pinpointing vulnerable areas, and suggesting effective control mechanisms.
• Coordinate with BAB operations to enforce SAMA mandates and counter-fraud frameworks effectively.
• Advocate and implement real-time monitoring cases and prevention strategies to detect and mitigate fraud proactively.
• Work alongside BAB to establish alert thresholds that balance comprehensive risk coverage with minimizing false alarms.
• Contribute to the development and revision of fraud prevention strategies and internal controls to mitigate fraud exposure.
• Partner with business, IT, and cybersecurity teams to enhance digital security defenses.
• Conduct training sessions aimed at increasing awareness about fraud risks and prevention methods among relevant personnel.

Required Qualifications

• Bachelor’s or Master’s degree in Information Security, Computer Science, or a related field.
• Professional certification such as Certified Anti-Fraud Professional, Certified Fraud Examiner (CFE), GRCP, CGSS, or CCO is preferred.

Experience

• 0 to 2 years of experience in human resources or equivalent areas related to fraud management or compliance.

Skills

• Fundamental understanding of fraud detection techniques.
• Capability in transaction monitoring and analyzing alerts.
• Data collection and thorough reporting skills.
• Keen attention to detail.
• Familiarity with regulatory compliance principles.
• Proficiency with Microsoft Excel or comparable data management tools.
• Effective communication skills for escalating issues appropriately.
• Adherence to and ability to follow established procedures accurately.