Senior Fraud Expert - SAMA Fraud
Capitex · Riyadh
About the Role
We are seeking a highly experienced Senior Fraud Expert to support a series of critical fraud-related projects in Saudi Arabia. The ideal consultant will bring deep operational fraud expertise, hands-on experience with fraud frameworks, systems, investigations, and prevention, as well as a strong understanding of SAMA regulations and local market practices.
You will work directly with senior stakeholders across fraud, compliance, risk, and operations to uplift processes, improve controls, and assist with remediation and project delivery.
Key Responsibilities
- Lead and support operational fraud projects across the bank/payment institution.
- Review and enhance fraud detection, monitoring, and prevention frameworks.
- Assess current fraud controls and provide recommendations aligned with SAMA requirements.
- Strengthen end-to-end fraud processes (detection → investigation → reporting → closure).
- Support development and optimisation of fraud rules, scenarios, and system parameters.
- Conduct root-cause analysis on fraud incidents and propose corrective actions.
- Work with cross-functional teams (Risk, Compliance, Technology, Operations).
- Prepare reports, presentations, and progress updates for senior management.
- Support fraud remediation workstreams and regulatory expectations.
- Ensure alignment with SAMA cyber fraud guidelines, anti-fraud frameworks, and industry standards.
Requirements
Required Experience
- 7+ years experience in Fraud Operations, Fraud Risk, or Financial Crime roles.
- Strong working knowledge of SAMA regulations, circulars, and fraud expectations.
- Proven background in fraud operations within banks, fintechs, or payment companies.
- Experience improving fraud processes, systems, controls, and governance.
- Strong analytical and investigative skills.
- Ability to lead and deliver fraud projects end-to-end.
- Experience working directly with regulators or regulatory-driven remediation programmes.
Preferred Qualifications
- Prior consulting or project-based fraud experience.
- Expertise in card fraud, digital fraud, scams, application fraud, or transaction monitoring.
- Hands-on exposure to fraud systems (Falcon, Feedzai, Actimize, etc.).
- Arabic language skills (optional but beneficial).
Contract Details
- Duration: 3–6 months (potential extension).
- Location: Riyadh, Saudi Arabia – on-site presence required.
- Engagement: Contractor / Interim consultant via Capitex.
- Rate: Competitive and dependent on experience.