Anti-Fraud Risk Governance And Compliance Consultant

Open 48d

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., multi-factor authentication, 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 key performance indicators such as:

Fraud loss ratio

Detection rate

False positives

Investigation turnaround time

Awareness & culture

Conduct fraud awareness programs for employees and customers.
Promote fraud risk awareness and accountability across the organization.

Requirements

Experience level: Mid-senior (5–8 years)
Core focus: Fraud risk, governance, compliance
Backgrounds: Risk, audit, compliance, financial crime

5–8 years of experience in fraud risk management, risk and 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, and 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 and KRIs (e.g., fraud loss ratio, detection rate, false positives)

Experience working with cross-functional teams:

Compliance

Risk management

Cybersecurity

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)

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