# Senior Fraud Expert - SAMA Fraud

**Company:** [Capitex](https://jobs.workable.com/companies/fyTvohmgE6kgzHevx5YsFc.md)
**Location:** Riyadh, Saudi Arabia
**Workplace:** on site
**Employment type:** Contract

[Apply for this job](https://jobs.workable.com/view/31d3bf6d-e796-4b30-b7cc-0c36b71af997)

## Description

### **About the Role**

We are seeking a highly experienced **Senior Fraud Expert** to support a series of critical fraud-related projects in Saudi Arabia. The ideal consultant will bring deep operational fraud expertise, hands-on experience with fraud frameworks, systems, investigations, and prevention, as well as a strong understanding of **SAMA regulations** and local market practices.

You will work directly with senior stakeholders across fraud, compliance, risk, and operations to uplift processes, improve controls, and assist with remediation and project delivery.

### **Key Responsibilities**

-   Lead and support operational fraud projects across the bank/payment institution.
-   Review and enhance fraud detection, monitoring, and prevention frameworks.
-   Assess current fraud controls and provide recommendations aligned with **SAMA requirements**.
-   Strengthen end-to-end fraud processes (detection → investigation → reporting → closure).
-   Support development and optimisation of fraud rules, scenarios, and system parameters.
-   Conduct root-cause analysis on fraud incidents and propose corrective actions.
-   Work with cross-functional teams (Risk, Compliance, Technology, Operations).
-   Prepare reports, presentations, and progress updates for senior management.
-   Support fraud remediation workstreams and regulatory expectations.
-   Ensure alignment with SAMA cyber fraud guidelines, anti-fraud frameworks, and industry standards.

## Requirements

### **Required Experience**

-   7+ years experience in **Fraud Operations**, **Fraud Risk**, or **Financial Crime** roles.
-   Strong working knowledge of **SAMA regulations**, circulars, and fraud expectations.
-   Proven background in fraud operations within banks, fintechs, or payment companies.
-   Experience improving fraud processes, systems, controls, and governance.
-   Strong analytical and investigative skills.
-   Ability to lead and deliver fraud projects end-to-end.
-   Experience working directly with regulators or regulatory-driven remediation programmes.

### **Preferred Qualifications**

-   Prior consulting or project-based fraud experience.
-   Expertise in card fraud, digital fraud, scams, application fraud, or transaction monitoring.
-   Hands-on exposure to fraud systems (Falcon, Feedzai, Actimize, etc.).
-   Arabic language skills (optional but beneficial).

### **Contract Details**

-   **Duration:** 3–6 months (potential extension).
-   **Location:** Riyadh, Saudi Arabia – on-site presence required.
-   **Engagement:** Contractor / Interim consultant via Capitex.
-   **Rate:** Competitive and dependent on experience.