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