Fraud Prevention Officer

شركة بن يعلا للصرافة | Bin Yaala for Exchange; Jeddah; On-site; SAR 167,000 - 246,000; Full time

Job summary

Bin Yaala Exchange Company in Jeddah seeks a Fraud Prevention Officer to support fraud detection, transaction monitoring, alert analysis, and investigations in line with Saudi Central Bank (SAMA) regulations.

You will monitor FX and remittance channels, review alerts, collect evidence, and prepare investigations for the Fraud Management Unit Manager. The role requires a Law degree and 1–3 years of hands-on fraud experience, with English proficiency and potential certifications advantageous.

Qualifications

• Hands-on experience in fraud prevention, fraud investigation, or AML/transaction monitoring.
• Bachelor's degree in Law.
• Professional proficiency in English.

Responsibilities

• Monitor foreign exchange transactions, remittance services, and digital channels to identify fraud indicators.
• Review, analyze, and classify fraud detection alerts based on risk levels.
• Collect and document relevant information and evidence to support investigations.
• Analyze fraud patterns, manipulation techniques, and misuse of financial services.
• Prepare investigation reports, findings, and recommendations for the Fraud Management Unit Manager.
• Support the review and enhancement of fraud prevention controls and early-warning indicators.
• Coordinate with departments to follow up on cases and implement corrective actions.
• Maintain accurate fraud incident records and track cases through resolution.
• Ensure confidentiality and compliance with regulatory requirements.

Skills

Fraud prevention

Investigation

Analytical skills

Reporting

Education

Bachelor's degree in Law

Job description

Bin Yaala Exchange Company is seeking a qualified Fraud Prevention Officer to support fraud detection, transaction monitoring, alert analysis, and investigations, while ensuring compliance with internal policies and applicable Saudi Central Bank (SAMA) regulations.

Core Responsibilities:

• Monitor foreign exchange transactions, remittance services, and digital channels to identify unusual activities and potential fraud indicators.
• Review, analyze, and classify fraud detection alerts based on risk levels.
• Collect and document relevant information and evidence to support preliminary fraud investigations.
• Analyze fraud patterns, manipulation techniques, and misuse of financial services.
• Prepare investigation reports, findings, and recommendations for the Fraud Management Unit Manager.
• Support the review and enhancement of fraud prevention controls, detection scenarios, and early-warning indicators.
• Coordinate with relevant departments to follow up on fraud cases and implement approved corrective and preventive actions.
• Maintain accurate fraud incident records and track cases through resolution and closure.
• Ensure confidentiality, evidence integrity, and compliance with applicable regulatory requirements and internal procedures.

Job Requirements:

• Saudi nationality is required.
• Bachelor's degree in Law.
• 1–3 years of hands-on experience in fraud prevention, fraud investigation, or AML/transaction monitoring (internships and training programs are not counted).
• Previous experience in banking, foreign exchange, remittance, or financial services is preferred.
• Good understanding of fraud prevention regulations and applicable SAMA requirements.
• Strong investigative, evidence-gathering, analytical, and reporting skills.
• Ability to work with transaction monitoring systems and fraud detection alerts.
• Professional proficiency in English, both written and spoken.
• Professional certifications such as CFE (Certified Fraud Examiner) or CAFS (Certified Anti-Fraud Specialist) are an advantage.
• Applications that do not meet the Law degree and fraud experience requirements will not be considered.