Fraud & Authentication Consultant - Banking📣 Job Ad
in Innovations Global
about 1 hour ago
| Salary | ||
| Contract Type | Seasonal | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
Innovations Global is seeking a Fraud & Authentication Consultant for a contract role in Riyadh, Saudi Arabia. This position is focused on optimizing a bank's credit card portfolio through advanced fraud prevention and authorization strategies. The consultant will contribute to enhancing customer experience while ensuring robust risk management.
Key Responsibilities
- Develop a comprehensive understanding of the bank's credit card portfolio, including customer segments, spending patterns, and lifecycle performance.
- Implement and drive authorization optimization strategies to enhance approval rates across the issuing portfolio while adhering to defined risk thresholds.
- Conduct detailed analysis of authorization declines, identifying patterns, codes, and root causes to minimize false declines and improve the overall customer experience.
- Collaborate closely with fraud and risk management teams to refine fraud rules and controls, ensuring they do not negatively impact the approval of legitimate transactions.
- Monitor and report on critical issuing Key Performance Indicators (KPIs), such as approval rates, decline rates, fraud rates, and overall portfolio performance metrics.
- Provide data-driven insights and analytical support to inform decision-making processes for the cards business, risk, and operations departments.
- Enhance Management Information System (MIS) reporting dashboards for the issuing portfolio, with a specific focus on authorization performance and emerging fraud trends.
- Serve as the primary liaison between Innovations Global and issuer stakeholders, including cards business, risk, fraud, and operations teams, to ensure alignment on initiatives and desired outcomes.
- Support the implementation of recommended authorization and fraud optimization use cases within the issuing environment.
- Establish and maintain a regular governance cadence with stakeholders to track performance, review outcomes, and manage ongoing enhancements.
- Coordinate with client teams to integrate global best practices and insights into the bank's issuing portfolio strategies.
- Facilitate effective knowledge transfer and capability building within the bank's cards and fraud teams.
Qualifications and Requirements
- 10 to 12 years of experience in cards issuing, fraud risk management, and authorization management.
- Strong understanding of the credit card issuing business lifecycle, including activation, usage, retention, and spend growth.
- Proven experience in managing authorization strategies and implementing fraud controls within issuing environments.
- Familiarity with fraud and authorization platforms.
- Ability to translate complex analytical findings into actionable interventions at the portfolio level.
- Experience working collaboratively with cards business teams, beyond just acquisition and sales functions.
- Strong stakeholder management skills, with the ability to effectively engage with cards portfolio, risk, and fraud teams.
- Awareness of Saudi Arabian Monetary Authority (SAMA) regulations pertaining to fraud reporting and liability.
- Experience with local market fraud trends, specifically within the Kingdom of Saudi Arabia (KSA) and the wider GCC region.
- Understanding of the trade-offs between compliance requirements and business objectives.
Required Skills
- Cards Issuing
- Fraud Risk Management
- Authorization Management
- Credit Card Issuing Business Lifecycle
- Authorization Strategies
- Fraud Controls
- Fraud and Authorization Platforms
- Data Analytics
- Cards Business Operations
- Stakeholder Management
- Risk Management
- Fraud Operations
- Portfolio Management
- SAMA Regulations
- KSA/GCC Fraud Trends
- Compliance and Business Trade-offs
Contract Details
This is a contract position with a duration of 1 year. The role is based in Riyadh, Saudi Arabia.
Requirements
- Requires +10 Years experience
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