Anti-Fraud System Monitor

About the Role

We are seeking a seasoned Anti-Fraud System Monitor to join our dynamic Risk team. In this pivotal role, you will oversee the technical integration, monitoring, and continuous improvement of our automated anti-fraud systems while serving as a trusted technical advisor on fraud prevention technologies and controls. Your expertise will be instrumental in maintaining the effectiveness, reliability, and regulatory compliance of our fraud detection systems, enabling early identification of fraudulent activities and strengthening our overall fraud risk management framework.

This position requires a blend of technical proficiency and strategic insight to ensure our fraud detection capabilities evolve in alignment with emerging threats and regulatory expectations. You will collaborate closely with cross-functional teams, including IT, vendors, and business units, to optimize system performance and enhance fraud detection accuracy.

Key Responsibilities

• System Integration & Development: Lead the technical integration and ongoing enhancement of our automated anti-fraud platform, ensuring seamless connectivity and data integrity across systems.
• Monitoring & Optimization: Continuously oversee fraud detection systems, rule engines, and real-time alert dashboards. Review and refine fraud detection rules, thresholds, and monitoring models to minimize false positives and negatives while maximizing detection accuracy.
• Technical Advisory: Serve as a primary technical resource for Anti-Fraud leadership, advising on fraud system capabilities, potential enhancements, and technology-driven risk mitigation strategies.
• Alert Validation & Escalation: Validate and triage fraud alerts, prioritizing high-risk cases for escalation to specialized investigation teams.
• System Testing & Implementation: Support User Acceptance Testing (UAT), system upgrades, and the deployment of new fraud detection capabilities to ensure seamless integration and operational readiness.
• Trend Analysis & Enhancement: Analyze emerging fraud trends and recommend strategic improvements to monitoring strategies and detection rules to stay ahead of evolving threats.
• Cross-Functional Collaboration: Partner with Fraud Investigation, Cyber Fraud, Risk, IT, and Data Analytics teams to strengthen fraud monitoring effectiveness and foster a cohesive risk management ecosystem.
• Reporting & Compliance: Develop and maintain management reports, dashboards, and key fraud performance indicators to provide actionable insights. Ensure all fraud monitoring processes adhere to SAMA regulations and internal governance standards.
• Documentation & Governance: Maintain meticulous documentation of system configurations, monitoring procedures, and fraud detection rules to support audit readiness and operational transparency.

Qualifications

• Education: Bachelor’s degree in Information Systems, Computer Science, Finance, Risk Management, Criminal Justice, or a related discipline.
• Certifications: Professional certifications such as Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), or equivalent are highly desirable.

Experience

• Industry Background: Minimum of 3-6 years of hands-on experience in fraud monitoring, fraud detection systems, transaction monitoring, or fraud analytics within banking, fintech, or payment industries.
• Technical Expertise: Proven experience with fraud rule engines, alert management platforms, and fraud monitoring technologies, including their configuration and optimization.

Required Skills

• Technical Proficiency: In-depth understanding of fraud detection systems, rule engines, and transaction monitoring solutions, with the ability to analyze transactional data, customer behavior, and system logs.
• Analytical Tools: Strong working knowledge of SQL, Excel, Business Intelligence (BI) tools, or other data analytics platforms to derive actionable insights from complex datasets.
• Regulatory Knowledge: Solid grasp of fraud typologies, Anti-Money Laundering (AML) principles, and SAMA regulatory requirements to ensure compliance and effective risk mitigation.
• Soft Skills: Exceptional analytical acumen, clear and concise communication abilities, and strong stakeholder management skills to collaborate effectively with diverse teams and leadership.