Director of Fraud Technology

Kanz; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading bank in Saudi Arabia seeks a Fraud Technology Leader to develop and execute its counter fraud strategy. The role involves managing fraud detection systems, ensuring compliance with regulations, and fostering collaboration across departments. Candidates should have 8 years of experience in fraud or compliance technology within the banking industry, alongside leadership skills. This position offers opportunities to innovate and improve fraud prevention systems to mitigate emerging threats.

Qualifications

• 8 years of experience in fraud or compliance technology or IT risk.
• Experience in the banking industry.
• Experience in a leadership role.

Responsibilities

• Contribute to the execution of the bank’s counter fraud technology strategy.
• Oversee enhancement of fraud detection systems and compliance with regulations.
• Manage objectives, performance indicators, and operational plans for the department.
• Foster collaboration across technology, risk, compliance, and business units.
• Introduce innovative fraud prevention tools and automation solutions.
• Analyze fraud data for trends and emerging threats.

Skills

Fraud detection systems

Risk management

Compliance

Leadership

IBM SP

SAP BO

Job description

Company Description

Banking Industry

Job Description

• Contribute to the development and execution of the Bank’s Counter Fraud technology and analytics strategy in line with overall risk management objectives.
• Oversee the implementation and ongoing enhancement of fraud detection systems, ensuring they effectively identify, monitor, and mitigate fraud risks.
• Ensure fraud technology solutions and processes comply with SAMA regulations and internal governance frameworks.
• Develop and manage departmental objectives, performance indicators, and operational plans to ensure continuous improvement and measurable impact.
• Foster collaboration between technology, risk, compliance, and business units to ensure seamless integration of fraud prevention capabilities across the Bank.
• Manage the implementation, review, and continuous improvement of fraud detection systems to ensure alignment with the Bank’s objectives, regulatory requirements, and evolving risk environment.
• Lead the introduction of innovative fraud prevention tools and automation solutions to effectively detect and mitigate emerging fraud threats.
• Oversee ongoing system monitoring, fine-tuning, and rule optimization based on fraud trends, product developments, and intelligence gathered from risk assessments.
• Ensure the robustness and scalability of fraud management technologies to support the Bank’s growth and digital transformation initiatives.
• Oversee the analysis of fraud data to identify trends, emerging threats, and control weaknesses, ensuring timely and data-driven responses.
• Direct the development of fraud trend analysis reports and ensure the use of advanced statistical, machine learning, and visualization tools to enhance analytical outcomes.
• Leverage network and behavioral analytics to uncover hidden connections and patterns in fraud activity, improving predictive detection capabilities.

Qualifications

• 8 years experience in Fraud or compliance Technology or IT Risk
• Experience in the banking industry
• Experience in leadership role
• Experience in IBM SP and SAP BO