Cyber Security Analyst

MigrationIT; Al Bukayriyah; On-site; SAR 30,000 - 60,000; Full time

Job summary

Join an innovative firm as an Anti-Fraud Officer, where you'll play a crucial role in overseeing fraud risk and ensuring compliance with SAMA regulations. This position offers the opportunity to develop and implement policies that protect the integrity of financial transactions. You will be part of a diverse team dedicated to combating financial crime while enjoying competitive compensation and personal development opportunities. If you are passionate about making a difference in the financial sector and thrive in a dynamic environment, this role is perfect for you.

Benefits

Competitive compensation packages

Training and learning stipends

Diverse team environment

Mentoring opportunities

Qualifications

• 2-3 years of relevant experience in financial compliance.
• Strong knowledge of KSA regulations in financial services.

Responsibilities

• Prepare and document Anti-Fraud policies aligned with SAMA regulations.
• Implement tools for monitoring clients against sanctions lists.

Skills

Regulatory Compliance

Fraud Risk Management

Analytical Skills

Communication Skills

Fluency in Arabic

Fluency in English

Education

Bachelor's degree in Business

Master's degree (preferred)

Tools

MS Office

Job description

We Are Foodics!

We are a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarters in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan, and Kuwait. We currently serve customers and partners in over 35 countries worldwide. Our innovative products have successfully processed over 6 billion orders, making Foodics one of the most rapidly evolving SaaS companies from the MENA region. Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, enhancing our capabilities to better serve business owners.

The Job in a Nutshell

The Anti-Fraud Officer will be part of the Anti-Financial Crime team, responsible for overseeing fraud risk, including Anti-Money Laundering (AML), Combating Terrorism Financing (CTF), and Anti-Fraud (AF). This role involves implementing SAMA regulations and developing related policies, procedures, systems, and reporting mechanisms.

What Will You Do

1. Contribute to preparing the Anti-Fraud policy aligned with SAMA regulations and established principles.
2. Document Anti-Fraud policies/manuals in accordance with SAMA and Anti-Fraud Law.
3. Develop detailed procedure manuals covering all processes and reporting requirements related to Anti-Fraud.
4. Execute processes designed to manage fraud risk and ensure compliance, including investigations.
5. Communicate new procedures and regulations to relevant teams and ensure their implementation, including system requirements.
6. Respond to SAMA circulars and requests related to fraud, maintaining logs and records of communications.
7. Perform client validation and fraud checks during onboarding and revalidation processes.
8. Implement tools/systems for monitoring clients and transactions against sanctions lists and predefined scenarios.
9. Participate in deploying Anti-Fraud detection systems and updating monitoring scenarios.
10. Oversee operational execution of fraud risk activities and control testing.
11. Assess control system effectiveness and recommend improvements.
12. Coordinate with the Financial Crime Manager to conduct fraud risk assessments for entities, processes, and new initiatives.

What Are We Looking For

• 2-3 years of relevant experience
• Bachelor's degree in business, finance, economics, law, or related fields; Master’s preferred
• Strong knowledge of KSA regulatory compliance in financial and payment services
• Experience in payments, Anti-Fraud, Anti-Bribery, and Corruption within financial industries
• Knowledge of SAMA (specific to Payment Services) regulations
• Willingness to expand technical knowledge across projects
• Ability to analyze programs, policies, and operational needs
• Fluency in Arabic and English (verbal and written)
• Proficiency in MS Office (Word, Excel, PowerPoint)

What We Offer You

We believe you will love working at Foodics!

• Competitive compensation packages, including bonuses and potential shares
• Focus on personal development with regular training and learning stipends
• Opportunity to work with a diverse team of over 30 nationalities across 14 countries
• Autonomy, mentoring, and challenging goals fostering growth for you and the company