Senior Fraud Expert - SAMA Fraud

About the role

A highly experienced Senior Fraud Expert is sought to support a series of critical fraud-related projects in Saudi Arabia. The consultant brings deep operational fraud expertise, hands-on experience with fraud frameworks, systems, investigations and prevention, and a strong understanding of SAMA regulations and local market practices. You will work directly with senior stakeholders across fraud, compliance, risk and operations to improve processes, strengthen controls and help with remediation and project delivery.

Key responsibilities

• Lead and support operational fraud projects across the bank or payment institution.
• Review and enhance fraud detection, monitoring and prevention frameworks.
• Assess current fraud controls and recommend improvements aligned with SAMA requirements.
• Strengthen end-to-end fraud processes, from detection through investigation, reporting and 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, including SAMA cyber fraud guidelines and anti-fraud frameworks.

Required profile

• 7+ years of experience in Fraud Operations, Fraud Risk or Financial Crime roles.
• Proven background in fraud operations within banks, fintechs or payment companies.
• Experience improving fraud processes, systems, controls and governance.
• Strong analytical and investigative skills; able to lead fraud projects end-to-end.
• Experience working directly with regulators or regulatory-driven remediation programmes.
• Preferred: prior consulting or project-based fraud experience, and Arabic language skills (optional but beneficial).

Required skills

• Strong working knowledge of SAMA regulations, circulars and fraud expectations.
• Preferred: expertise in card fraud, digital fraud, scams, application fraud or transaction monitoring.
• Preferred: hands-on exposure to fraud systems such as Falcon, Feedzai or Actimize.

Contract details: 3-6 months (potential extension), on-site in Riyadh, engagement as contractor/interim consultant via Capitex, rate competitive and dependent on experience.