Opportunity at
FoodicsAnti Fraud Specialist
Foodics is seeking an Anti-Fraud Officer inside its Anti-Financial Crime function, which oversees fraud exposure across the business alongside anti-money laundering and counter-terror financing work. The…
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About This Role
Foodics is seeking an Anti-Fraud Officer inside its Anti-Financial Crime function, which oversees fraud exposure across the business alongside anti-money laundering and counter-terror financing work. The officer applies SAMA rules for payment services and helps create the related policies, procedures, responsibilities, monitoring tools and reports. Typical tasks include drafting the anti-fraud policy and procedure manuals, carrying out fraud investigations, and briefing affected teams on new rules while tracking the system…
Job Description
Foodics is seeking an Anti-Fraud Officer inside its Anti-Financial Crime function, which oversees fraud exposure across the business alongside anti-money laundering and counter-terror financing work. The officer applies SAMA rules for payment services and helps create the related policies, procedures, responsibilities, monitoring tools and reports.
Typical tasks include drafting the anti-fraud policy and procedure manuals, carrying out fraud investigations, and briefing affected teams on new rules while tracking the system changes those rules require. The officer helps prepare responses to SAMA circulars and information requests on fraud cases, keeps correspondence logs, and performs client validation and fraud checks at onboarding and periodic revalidation.
Monitoring is a major area. The officer assists in deploying tools that screen clients and transactions against sanctions lists and preset scenarios, supports the anti-fraud detection system and its scenarios, and reviews fraud alerts. Control testing, fraud risk assessments of new products and processes, and suggestions for control improvements are done alongside the Financial Crime Manager. Two to three years of relevant experience and Arabic-English fluency are sought. The role is full-time and on-site, and no salary is stated.
Responsibilities
- Help draft the anti-fraud policy and manuals consistent with SAMA payment services rules
- Write procedure documentation covering anti-fraud processes and reporting duties
- Run fraud risk processes and conduct investigations
- Brief staff on new procedures and track the system work they require
- Draft timely responses to SAMA circulars and fraud-related requests
- Maintain logs of circulars and correspondence and follow up on replies
- Carry out client validation and fraud checks at onboarding and revalidation
- Assist with sanctions screening and fraud detection tooling, and refine monitoring scenarios
- Test controls, suggest improvements, and run fraud risk assessments with the Financial Crime Manager
- Watch fraud alerts and suspicious activity
Requirements
- Two to three years in a relevant role
- Undergraduate qualification in commerce, banking, economics or legal studies
- Solid familiarity with KSA regulation of financial and payment services
- Hands-on work in payments and fraud controls, plus bribery and corruption compliance in finance
- Understanding of the SAMA payment services framework
- Fluent Arabic and English, spoken and written
- Proficient in Word, Excel and PowerPoint
Qualifications
- Master's degree, preferred
- Desire to broaden technical knowledge across diverse projects
- Skill in assessing programs, policies and operational requirements
Core Skills
Benefits
- Pay package with bonuses and possible share participation
- Ongoing training and an annual learning allowance
- Independence, mentoring and demanding goals
- Colleagues from over 30 nationalities across 14 countries
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
Which rules apply to the role?
The officer applies SAMA payment services rules and the Anti-Fraud Law, as the posting describes them.
What experience is required?
Two to three years in a relevant role, with payments or anti-fraud work in financial services.
Where is the job based?
No city is named. The job is full-time and on-site.
What is the salary?
No salary is given.
Sample Interview Questions
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