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Foodics is a leading restaurant management ecosystem and payment technology provider founded in 2014, headquartered in Riyadh with offices across the MENA region and serving customers in over 35 countries. The company has processed over 6 billion orders and recently raised $170 million in the largest SaaS funding round in MENA.
The Anti-Fraud Officer will be part of the Anti-Financial Crime function, responsible for overseeing fraud risk across Anti-Money Laundering (AML), Combating Terrorism Financing (CTF), and Anti-Fraud (AF) domains. This role ensures adherence to SAMA (Saudi Arabian Monetary Authority) regulations and implements related policies, procedures, monitoring systems, and reporting frameworks.
Key responsibilities include:
- Developing and documenting Anti-Fraud policies and procedure manuals in compliance with SAMA regulations and the Anti-Fraud Law
- Executing fraud risk management processes and conducting required investigations
- Communicating new procedures and regulations to relevant functions and ensuring implementation
- Preparing responses to SAMA circulars and requests related to fraud cases
- Maintaining comprehensive logs and records of communications and correspondence
- Performing client validation and fraud checks during onboarding and revalidation
- Implementing monitoring tools and systems for sanctioned persons, entities, and countries
- Setting up and maintaining anti-fraud detection system scenarios
- Overseeing operational execution of fraud risk activities and ensuring effective controls
- Assessing control system efficiency and recommending improvements
- Conducting fraud risk assessments for entities, processes, new products, and services
Requirements:
- 2-3 years of experience in a relevant role
- Bachelor's degree in business, finance, economics, law, or related field (Master's preferred)
- Strong knowledge of KSA regulatory compliance in financial and payment services
- Previous and strong experience in payments, Anti-Fraud, Anti-Bribery and Corruption within financial services industries
- Knowledge of SAMA regulatory framework specific to Payment Services
- Willingness to expand technical knowledge across a broad range of projects
- Capability to analyze and assess programs, policies, and operational needs
- Fluency in Arabic and English (verbal and written)
- Strong proficiency in MS Office (Word, Excel, PowerPoint)
