Fraud Consultant

1. Term: 12 months
2. Experience requirement:10-12 Years
3. Job location: Riyadh, KSA
4. Project scope: Fraud Consultant

Role :

• Strengthen Fraud Risk Management capabilities, skills, and infrastructure to enable swift detection and response to fraud attacks.
• Act quickly and decisively when any risk and control weakness become apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant stake holders
• Support the implementation of the FRM Program and design/monitor the fraud risk metrics to identify potential control weaknesses.
• Build and coordinate appropriate fraud detection, deterrence, and investigation activities to limit the likelihood /impact of Fraud incidents/events
• Recommend and monitor the implementation of longer-term remediation action to reduce likelihood/ impact of known fraud trends.
• Manage fraud incidents and ensure a comprehensive root-cause analysis is completed
• Continuously enhance the rules for identifying/preventing suspicious transactions on cards and non-cards-based transactions.
• Ensure that the automated fraud detection system is working effectively for cards and non-cards.
• Identify and review emerging and current transactional fraud risk to fine tune the rules/parameters to enhance or improve detection rates and false positive rates.
• Prepare analyses reports for Senior Management on key findings as part of the Fraud Risk Management Framework.
• Drive standardization and ensure postmortem investigative recommendations are fully adopted across the retail, corporate.
• Set up a robust MIS deck that captures internal and external fraud trends

Knowledge & Experience:

• 10-12 years of experience in Fraud
• Ability to develop and write Fraud rules
• Worked in a bank and has good understanding of fraud systems