Anti-Fraud Officer

About the Role

Trade Bank of Iraq's Saudi Arabian branch seeks a keen and methodical Anti-Fraud Officer within its Compliance Anti-Fraud Unit. This position requires overseeing fraud prevention, detection, investigation, and reporting activities throughout the branch's products, channels, and internal systems. The officer's primary focus is to safeguard the bank and its clients against financial and operational fraud while ensuring adherence to the Saudi Central Bank's Counter-Fraud Framework and other regulatory mandates.

Key Duties

• Observe and analyze transactions, alerts, and customer behavior across all channels to detect suspicious or fraudulent activities.
• Conduct thorough investigations into suspected internal and external fraud cases, compile evidence, document outcomes, and produce formal investigative reports with recommendations.
• Report confirmed or suspected fraud cases to the Head of Compliance and senior management timely, based on the established escalation protocol.
• Prepare and deliver fraud incident notifications and periodic submissions to SAMA and other relevant regulatory bodies.
• Contribute to developing and maintaining the Counter-Fraud Framework, including policies, procedures, and control mechanisms within the branch.
• Perform fraud risk assessments across services and maintain the associated risk register.
• Identify weaknesses and root causes linked to fraud incidents, recommend corrective and preventive measures, and monitor the implementation of these actions.
• Collaborate with IT and system owners to enhance fraud detection rules, scenarios, and alert thresholds.
• Liaise with the AML/CFT team when fraudulent indicators intersect with money laundering or terrorist financing risks.
• Manage customer fraud disputes, working with correspondent banks and relevant financial institutions to resolve cases within regulated timeframes.
• Support fraud awareness initiatives for staff and contribute to educational communications aimed at customers.
• Maintain accurate, confidential, and comprehensive records of fraud cases, logs, and statistics following the bank's retention policy.
• Supply necessary documentation and evidence to internal and external audit teams and regulatory inspectors as required.

Candidate Profile

• Possess a Bachelor’s degree in Finance, Accounting, Business Administration, Law, Information Systems, or a related discipline from an accredited university.
• Professional certifications such as CFE, CAMS, ICA, CCO, or equivalents in fraud, compliance, or AML are advantageous or a readiness to pursue one.
• Have at least two years of relevant experience in fraud prevention and investigation, AML/CFT, compliance, internal audit, banking operations, or a related area.
• Experience in banking or other regulated financial environments is preferred.
• Knowledge of the SAMA Counter-Fraud Framework and regulatory reporting requirements is beneficial.
• Familiarity with fraud detection or transaction monitoring systems is a plus.
• Demonstrate strong investigative and analytical abilities to identify data irregularities and fraud patterns.
• Understand banking products, payment methods, and associated fraud typologies.
• Exhibit excellent report writing and evidence documentation skills.
• Maintain integrity, professionalism, discretion, and pay close attention to details.
• Work effectively under pressure and manage sensitive cases within strict deadlines.
• Show strong interpersonal and cross-departmental coordination skills.
• Proficient in Microsoft Office tools, especially Excel for data analysis.
• Fluent in both Arabic and English, in spoken and written forms.