Counter-Fraud Analyst

Job description / Role

Data analytics and intelligence

Conduct counter-fraud data analytics to enable the analysis of large volumes of transactions and proactive identification of fraud threats.

Conduct counter-fraud data analysis to facilitate the proactive and reactive tuning of counter-fraud systems.

Perform comprehensive reviews on alerts decisions, fraud investigations outcome and recommend system enhancements.

Execute manual review or monitoring processes for transactions that could not come under the scope of existing fraud detection system due to limitation, data synchronization, or technical reasons.

Analyze intelligence and data to identify fraud trends, typologies, and the root cause of fraud incidents related to the products (e.g., payment fraud, scams, and social engineering) and delivery channels (digital channels such as online and mobile) offered by the bank.

Use counter-fraud technology, processes, and mechanisms to ensure systems are operating effectively with scenarios relevant to the risks faced by the bank.

Aiding enhancement of fraud detection system and supporting financial crime & cyber security alignment

Assist fraud detection manager in enhancing fraud prevention/detection system (EFMS, cyber fraud behavior system) with new scenarios, rules, and associated parameters such as thresholds, values, and amounts.

Assist fraud detection manager in setting up alignment and coordination via appropriate counter-fraud data analysis and intelligence to support financial crime and cyber security alignment.

Coordinate with information technology team for IT related issues.

Database/register and reporting

Record and maintain case register on alerts and their statuses according to bank's policy and procedure.

Assist fraud detection manager in preparing reports as required for submission to management committee, CFGC, board, or other forums and meetings.

Assist fraud monitoring manager in preparing and reporting to SAMA and other regulatory or supervisory authorities' requests pertaining to fraud detection.

Support adhoc regulatory mandates and special projects.

Assist fraud detection manager in collaboration with business and support stakeholders for execution of new projects, products, and services to maintain a resilient fraud risk management framework.

Qualifications, experience & skills

Qualifications:
Holder of graduate or postgraduate degree from a reputable institution.

Professional certifications:
Preferably CIA, CFE, or other directly related fraud or professional certification.

Experience:
Two years of banking experience in the area of fraud risk, fraud investigation, fraud detection, or relevant fields. Background in accounting, IT, or systems is a significant advantage.

Skills:

• Problem solving and analytical skills.
• Good interpersonal, communication, and presentation skills with fluency in English and Arabic.
• Ability to communicate with and gain confidence of senior management.
• Ability to multi-task and work independently on initiatives.
• Understanding of relevant regulatory requirements and guidelines with special focus in KSA.
• Good working knowledge of technology systems, e-commerce, online/electronic payments, accounting, and finance.
• Analytical skills with proven ability to identify and develop solutions to improve fraud stabilization, reduction, and avoidance.