Anti Fraud Officer

About Foodics

Foodics is a leading restaurant management ecosystem and payment technology provider, established in 2014. Headquartered in Riyadh, the company operates offices across five countries and serves customers and partners in over 35 countries worldwide. Foodics has processed over 6 billion orders and has secured three rounds of funding, including a $170 million round, which represents the largest SaaS funding round in MENA.

The Role of Anti-Fraud Officer

The Anti-Fraud Officer will join the Anti-Financial Crime function at Foodics in Riyadh, Saudi Arabia. This full-time role focuses on overseeing fraud risk within the company, encompassing Anti-Money Laundering (AML), Combating Terrorism Financing (CTF), and Anti-Fraud (AF). The officer will ensure adherence to and implementation of all SAMA regulations in these areas, contributing to the development and execution of related policies, procedures, monitoring, systems, and reporting.

Key Responsibilities

• Contribute to the preparation and documentation of the Anti-Fraud policy and manual in line with SAMA regulations (specific to Payment Services) and the Anti-Fraud Law.
• Participate in documenting detailed procedure manuals covering all Anti-Fraud processes and reporting requirements.
• Execute processes designed to manage fraud risk and ensure compliance with regulations, policies, and procedures, including conducting necessary investigations.
• Communicate new procedures and regulations to relevant functions and staff, ensuring continuous follow-up for implementation, including system requirements.
• Participate in preparing responses to SAMA circulars and requests related to fraud cases, ensuring information is provided in the proper form and timeframe.
• Maintain logs and records of communications, circulars, and correspondence, including receiving, circulating, following up on actions, sending, and tracking replies.
• Perform client validation and fraud checks, as well as validation reviews during client onboarding and revalidation processes.
• Contribute to the implementation of tools and systems for monitoring clients and transactions against sanctioned lists and pre-defined scenarios.
• Participate in the implementation of an Anti-fraud detection system and the setup of pre-defined scenarios.
• Contribute to updating fraud risk-related monitoring scenarios.
• Perform oversight of operational execution of fraud risk activities and ensure effective controls testing is in place.
• Regularly assess the efficiency and effectiveness of control systems and recommend improvements.
• Conduct fraud risk-related risk assessments for entities, processes, new products, services, and initiatives in coordination with the Financial Crime Manager.

Required Experience and Qualifications

• 2-5 years of experience in a relevant anti-fraud or financial crime role.
• Demonstrated understanding and experience with SAMA regulations, particularly those specific to Payment Services.
• Ability to develop and implement policies, procedures, and monitoring frameworks.
• Experience with fraud detection systems and scenario setting.

Work Environment and Benefits

Foodics offers a diverse and inclusive culture that supports innovation and flexibility. The company provides competitive compensation packages, including bonuses and potential for shares. Employees benefit from personal development opportunities, regular training, and an annual learning stipend. This role offers autonomy, mentoring, and challenging goals within a hyper-growth environment.

Application Process

Join a talented team of over 30 nationalities working across 14 countries. We invite qualified candidates to apply for this full-time position in Riyadh Province.