Fraud Risk Assessment with SAMA CFF Experience

Summary: A Fraud Risk Assessment Specialist is needed to enhance fraud prevention measures within leading banks in KSA through rigorous assessments aligned with SAMA CFF. Main Responsibilities: • Conduct enterprise-wide fraud risk assessments aligned with SAMA CFF requirements. • Identify fraud risk exposure, control gaps, and mitigation strategies across banking operations. • Review existing fraud controls, policies, and procedures against regulatory expectations. • Support the development of fraud risk registers, assessment frameworks, and reporting models. • Work closely with compliance, risk, internal audit, and business teams. • Prepare documentation, presentations, and recommendations for stakeholders and regulators. • Participate in fraud governance and transformation initiatives within the bank. Key Requirements: • Strong experience in fraud risk assessment within banking environments. • Hands-on experience with SAMA Counter Fraud Framework (CFF). • Prior experience working with local Saudi banks is mandatory. • Good understanding of fraud controls, operational risk, and regulatory compliance. • Strong stakeholder management and communication skills. • Arabic language is preferred. Nice to Have: • Knowledge of international fraud risk assessment standards. • Familiarity with emerging technologies in fraud detection. • Experience in training or mentoring staff on fraud prevention techniques. Other Details: • Location: Riyadh, KSA • Contract Duration: 4 months (extendable) • Work Setup: Onsite