Fraud Risk Assessment with SAMA CFF Experience

Summary

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.

• Location: Riyadh, KSA

• Contract Duration: 4 months (extendable)