About the role
Foodics, a restaurant management and payment technology provider, is seeking an Anti-Fraud Officer within its Anti-Financial Crime function in Riyadh. The role oversees fraud risk alongside AML and CTF, and ensures compliance with SAMA regulations for payment services. It covers policy and procedure development, investigations, and monitoring of clients and transactions.
Main responsibilities
- Help prepare and document the anti-fraud policy and procedure manuals in line with SAMA payment services rules and the Anti-Fraud Law.
- Carry out fraud risk processes, including investigations, and oversee control testing.
- Run client validation and fraud checks during onboarding and revalidation, and support sanctions screening tools.
- Monitor fraud alerts and suspicious activity, and help tune detection scenarios.
- Prepare responses to SAMA circulars and fraud-related requests, and maintain records of correspondence.
- Support fraud risk assessments for entities, processes, products and new initiatives with the Financial Crime Manager.
Required qualifications
- Around 2-3 years of experience in a relevant role.
- Bachelor's degree in a business-related field (listing is cut off in the source).
- Working knowledge of SAMA regulations for payment services is implied by the role.
- Experience with AML, CTF or anti-fraud work is expected.
- Strong documentation and reporting skills.
- Ability to coordinate with internal functions and implement new procedures.
Experience
2-3 years in a relevant role