Fraud Prevention Officer

About the Role: Fraud Prevention Officer

Bin Yaala for Exchange is seeking a Fraud Prevention Officer to join their team in Jeddah, Makkah, Saudi Arabia. This full-time role focuses on supporting fraud detection, transaction monitoring, alert analysis, and investigations. The officer will ensure compliance with internal policies and applicable Saudi Central Bank (SAMA) regulations.

Core Responsibilities

• Monitor foreign exchange transactions, remittance services, and digital channels to identify unusual activities and potential fraud indicators.
• Review, analyze, and classify fraud detection alerts based on risk levels.
• Collect and document relevant information and evidence to support preliminary fraud investigations.
• Analyze fraud patterns, manipulation techniques, and misuse of financial services.
• Prepare investigation reports, findings, and recommendations for the Fraud Management Unit Manager.
• Support the review and enhancement of fraud prevention controls, detection scenarios, and early-warning indicators.
• Coordinate with relevant departments to follow up on fraud cases and implement approved corrective and preventive actions.
• Maintain accurate fraud incident records and track cases through resolution and closure.
• Ensure confidentiality, evidence integrity, and compliance with applicable regulatory requirements and internal procedures.

Qualifications and Requirements

• Saudi nationality is required.
• Bachelor's degree in Law.
• 1–3 years of hands-on experience in fraud prevention, fraud investigation, or AML/transaction monitoring. Internships and training programs are not counted towards this experience.
• Previous experience in banking, foreign exchange, remittance, or financial services is preferred.
• Good understanding of fraud prevention regulations and applicable SAMA requirements.
• Applications that do not meet the Law degree and fraud experience requirements will not be considered.

Required Skills

• Strong investigative, evidence-gathering, analytical, and reporting skills.
• Ability to work with transaction monitoring systems and fraud detection alerts.
• Professional proficiency in English, both written and spoken.
• Professional certifications such as CFE (Certified Fraud Examiner) or CAFS (Certified Anti-Fraud Specialist) are an advantage.

Work Environment

This is a full-time position based in Jeddah, Makkah, Saudi Arabia, within the financial services sector at Bin Yaala for Exchange.

Application Process

Candidates meeting the specified requirements are encouraged to apply for this role.