# Anti-Fraud Risk, Governance & Compliance Consultant

> TAWANTECH · Riyadh, Saudi Arabia · Full-time · Posted 2026-05-06

**Workplace:** on_site

**Department:** IT

## Description

### **1\. Risk Management (Fraud Risk)**

-   Maintain and update the Fraud Risk Register in alignment with regulatory expectations
-   Conduct Fraud Risk Assessments (FRA) across systems, applications, and digital channels
-   Identify emerging fraud typologies (e.g., phishing, account takeover, card fraud, social engineering)
-   Perform root cause analysis and recommend control improvements
-   Track fraud risks, trends, and key risk indicators (KRIs)

### **2\. Governance & Frameworks**

-   Support the implementation and maintenance of the Anti-Fraud Framework
-   Establish and maintain fraud-related policies, procedures, and governance structures
-   Ensure proper fraud incident escalation and reporting processes
-   Promote and manage whistleblowing and fraud reporting channels
-   Coordinate with internal stakeholders (Compliance, Risk, Legal, IT, Cybersecurity)

### **3\. Compliance & Regulatory**

-   Ensure compliance with regulatory requirements (e.g., SAMA Fraud Framework, AML guidelines)
-   Support internal and external audits and regulatory inspections
-   Prepare and submit fraud reports to senior management and regulators (if required)
-   Monitor adherence to internal fraud risk policies and standards

### **4\. Controls & Monitoring Oversight (High-Level)**

-   Recommend preventive and detective controls (e.g., MFA, transaction limits, behavioral analytics)
-   Validate effectiveness of fraud controls and monitoring systems
-   Oversee fraud monitoring activities and ensure proper case handling

### **5\. Reporting & Performance Management**

-   Prepare fraud dashboards and MIS reports
-   Track KPIs such as:

-   Fraud loss ratio
-   Detection rate
-   False positives
-   Investigation turnaround time

### **6\. Awareness & Culture**

-   Conduct fraud awareness programs for employees and customers
-   Promote fraud risk awareness and accountability across the organization

## Requirements

**Experience Level:** Mid-Senior (5–8 years)

**Core Focus:** Fraud Risk + Governance + Compliance

**Backgrounds:** Risk / Audit / Compliance / Financial Crime

-   **5–8 years of experience** in Fraud Risk Management, Risk & Compliance, Internal Audit, or Financial Crime Prevention
-   Proven experience in conducting **Fraud Risk Assessments (FRA)** across digital channels, payment systems, or banking operations
-   Strong understanding of fraud typologies such as:

-   Phishing
-   Account takeover
-   Card fraud
-   Social engineering
-   Internal fraud

-   Solid knowledge of:

-   Fraud Risk Management frameworks
-   Governance, Risk & Compliance (GRC) principles
-   Regulatory requirements (e.g., SAMA Fraud Framework, AML guidelines)

-   Experience in:

-   Fraud risk identification, assessment, and mitigation
-   Root cause analysis and control improvement recommendations
-   Incident escalation and fraud case governance

-   Familiarity with fraud controls such as:

-   Multi-Factor Authentication (MFA)
-   Transaction limits
-   Behavioral analytics (conceptual understanding)

-   Experience in monitoring fraud risks and tracking:

-   Fraud KPIs / KRIs (e.g., fraud loss ratio, detection rate, false positives)

-   Experience working with cross-functional teams:

-   Compliance
-   Risk Management
-   Cybersecurity
-   IT
-   Legal

-   Experience in audit and regulatory support:

-   Internal and external audits
-   Regulatory inspections and reporting

-   Strong reporting skills:

-   Preparing fraud risk reports and management dashboards (MIS)

## Apply

[Apply at TAWANTECH](https://apply.workable.com/tawantech/j/BFC67D1F6B/apply)

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