Job Overview
Principal Fraud Prevention Manager – Digital Banking
Location: Riyadh, Saudi Arabia
Industry: Fintech | Digital Banking | Enterprise Fraud Prevention | Financial Crime Risk
Employment Type: Full-Time
Position Overview
An internationally expanding fintech banking organization is seeking a strategic Principal Fraud Prevention Manager to lead enterprise-wide fraud prevention initiatives across digital banking, payment technologies, merchant acquiring, lending platforms, customer onboarding, and embedded finance ecosystems.
This senior leadership role focuses on building proactive fraud prevention frameworks that leverage advanced analytics, artificial intelligence, machine learning, behavioral intelligence, and operational excellence to minimize financial losses while ensuring an exceptional customer experience.
The successful candidate will lead multidisciplinary teams while collaborating closely with executive leadership, cybersecurity professionals, AML specialists, compliance officers, enterprise risk managers, payment operations, software engineering teams, and data scientists to continuously strengthen the organization’s fraud resilience.
Primary Responsibilities
- Develop enterprise fraud prevention strategies aligned with organizational objectives.
- Oversee fraud monitoring operations across digital banking channels and payment platforms.
- Lead fraud risk assessments for new financial products and digital services.
- Establish fraud governance frameworks, policies, and operational procedures.
- Collaborate with AI and data science teams to improve fraud detection models.
- Monitor fraud trends, emerging threats, and evolving criminal methodologies.
- Manage fraud response during major security incidents.
- Prepare executive dashboards, board reports, and fraud risk assessments.
- Coordinate fraud investigations involving high-value financial transactions.
- Partner with compliance and legal teams on regulatory obligations.
- Lead fraud awareness initiatives across the organization.
- Mentor fraud analysts, investigators, and fraud operations specialists.
Required Qualifications
- Bachelor’s degree in Banking, Finance, Risk Management, Cybersecurity, Information Systems, Business Administration, or related field.
- MBA or Master’s degree preferred.
- Minimum 8–12 years of fraud prevention or financial crime management experience.
- Demonstrated leadership within fintech, banking, digital payments, or financial services.
- Strong understanding of enterprise fraud risk frameworks.
- Excellent leadership and strategic planning capabilities.
Preferred Certifications
- CFE
- CFCS
- CAMS
- CRISC
- CISA
- ISO 31000 Risk Management Certifications
- Professional Fraud Analytics Certifications
Technical Skills
- Enterprise Fraud Platforms
- SAS Fraud Management
- Actimize
- Feedzai
- FICO Falcon
- Power BI
- Tableau
- SQL
- Python
- Machine Learning Fundamentals
- Transaction Monitoring
- Case Management Systems
- Behavioral Analytics
- Risk Scoring Models
- API Monitoring
- Payment Analytics
Leadership Competencies
- Strategic Leadership
- Enterprise Risk Management
- Fraud Governance
- Operational Excellence
- Decision Making
- Executive Communication
- Stakeholder Management
- Business Transformation
- Innovation Leadership
- Coaching and Mentorship
Benefits
- Executive tax-free remuneration package
- Annual leadership incentive
- Family healthcare coverage
- Housing assistance
- Annual travel allowance
- Executive leadership coaching
- Professional certification sponsorship
- Flexible working arrangements
- International conference participation
- Significant executive career progression opportunities
Are you excited about this opportunity?
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