Fraud & Compliance Officer – AML/CTF

Foodics

Riyadh

On-site

SAR 180,000 - 280,000

Full time

14 days+

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Benefits offered by this job

Bonuses

Annual learning stipend

Job summary

Foodics is seeking an Anti-Fraud Officer to lead fraud risk management within the Anti-Financial Crime function, ensuring AML/CTF and Anti-Fraud controls align with SAMA regulations. The role covers policy development, monitoring, systems/tools, and reporting across payments services.

The successful candidate will have 2-3 years in a related role, a business/finance background, and strong regulatory knowledge in KSA.

Qualifications

Bachelor's degree in business, finance, economics, law or related field required; Master’s preferred.
Fluency in Arabic and English (verbal and written).
Strong knowledge of KSA regulatory compliance in financial and payment services.
Experience in payments, Anti-Fraud, Anti-Bribery and Corruption within financial services.
Knowledge of SAMA regulatory framework (Payment Services).
Willingness to expand technical knowledge across projects.
Ability to analyze and assess programs, policies and operational needs.

Responsibilities

Contribute to the Anti-Fraud policy in line with SAMA regulations for Payment Services.
Document Anti-Fraud policy/manual in accordance with SAMA and Anti-Fraud Law.
Prepare detailed procedure manuals covering all Anti-Fraud processes and reporting requirements.
Execute processes to manage fraud risk and ensure regulatory compliance; conduct investigations and communicate changes.
Prepare responses to SAMA circulars and requests related to fraud cases with timely information.
Maintain logs of communications, circulars, and correspondence; track action items.