Anti Fraud Specialist

Who Are We❓

We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Job in a Nutshell💡

The Anti-Fraud Officer will be part of the Anti-Financial Crime function in charge of overseeing fraud risk in the company, covering Anti-Money Laundering (AML), Combating Terrorism Financing (CTF) and Anti-Fraud (AF). This role should adhere and implement all SAMA  regulations in these aspects and ensure the development and implementation of related policies, procedures, roles, monitoring, systems/tools and reporting.

What Will You Do❓

• Contribute to the preparation of the Anti Fraud policy in line with SAMA (specific to Payment Services) regulations and established rules or principles.
• Contribute into documenting Anti-Fraud policy/manual for the company in accordance with SAMA (specific to Payment Services) and the Anti-Fraud Law.
• Participation in documenting detailed procedure manuals covering all processes and reporting requirements covering Anti-Fraud.
• Execute all required processes that are primarily designed to manage fraud risk or comply with regulations, policies and procedures including conducting the required investigations.
  Communicate to related functions/staff the new procedures and regulations, and ensure continuous follow up for implementation including system requirements.
• Participate in the preparation of responses to all SAMA (specific to Payment Services) circulars and requests relating to fraud-related cases and preparation of the required information in the proper form and timeframe.
• Maintain logs/ records of communications, circulars and correspondence (receive, circulate and follow up on action taken, send and follow up on replies).
• Performing the Client validation and fraud checks requirements and the validation reviews in the onboarding and revalidation of clients’ acceptance.
• Contribute in the implementation of tools/systems for monitoring clients and transactions against lists of sanctioned persons, entities, or countries issued by the government/ competent authorities and pre-defined scenarios.