Are you an experienced Counter Fraud Framework Validation Specialist looking to make a significant impact in the banking industry? We are seeking a knowledgeable professional to join our team in Riyadh. The ideal candidate will have a strong background in conducting Counter Fraud Framework validation within the Saudi Arabian banking sector and a thorough understanding of the guidelines set by the Saudi Arabian Monetary Authority (SAMA).

Position: Counter Fraud Framework Validation Specialist
Location: Riyadh, Saudi Arabia
Employment Type: Contract

Key Responsibilities:

• Counter Fraud Framework Validation: Lead and execute comprehensive validation of the bank’s Counter Fraud Framework, ensuring strict compliance with SAMA’s regulations and industry best practices.
• Risk Assessment: Conduct detailed risk assessments to identify vulnerabilities and areas for improvement in fraud prevention and detection processes.
• Compliance Assurance: Ensure that all fraud-related policies, procedures, and controls align with SAMA’s Counter Fraud Framework and other regulatory requirements.
• Reporting: Prepare and present detailed reports on validation findings, including risk assessments, compliance gaps, and recommended actions.
• Training and Awareness: Develop and deliver training programs to enhance bank staff’s awareness and understanding of fraud risks and controls.
• Continuous Improvement: Collaborate with internal stakeholders to implement enhancements to the Counter Fraud Framework based on findings and emerging fraud trends.
• Stakeholder Management: Work with Risk Management, Internal Audit, Compliance, and IT departments to ensure a comprehensive approach to fraud risk management.

Qualifications:

• Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. Professional certification in fraud examination (e.g., CFE) is highly desirable.
• Experience: 3-5 years in fraud risk management, with at least 2 years focused on Counter Fraud Framework validation in Saudi Arabia’s banking sector.
• Knowledge: Deep understanding of SAMA’s Counter Fraud Framework, banking regulations, and best practices for fraud prevention and detection.
• Skills:
  • Strong analytical and problem-solving abilities.
  • Excellent communication and presentation skills.
  • Proficiency in risk assessment and fraud detection methodologies.
  • Ability to work independently and as part of a team.
  • Attention to detail and strong organizational skills.

Preferred Attributes:

• Proven success in leading fraud framework validations in regulated banking environments.
• Current knowledge of fraud trends, techniques, and regulatory updates.
• High ethical standards and a commitment to confidentiality and integrity.

How to Apply:

Interested candidates should submit their resume and a cover letter outlining their relevant experience and qualifications to hr@idealproposition.com. Please include “Counter Fraud Framework Validation Specialist” in the subject line of your email.

Apply today and help strengthen our fight against fraud!

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