Summary
Overview
Work History
Education
Skills
Certification
Languages
Accomplishments
Timeline
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Wazir Almutairi

Riyadh,Saudi Arabia

Summary

Experienced Fraud Monitoring Manager with 6+ years of expertise in fraud prevention, detection, and financial crimes. I am highly determined to contribute to the success of purchasing endeavors by applying my extensive knowledge in fraud within the banking sector. Proficient in identifying, investigating, and mitigating fraudulent activities, as well as managing operational risks. Skilled in data analysis, collaborating with cross-functional teams, and implementing effective fraud prevention strategies. Committed to ensuring the highest level of security and trust for organizations. Ready to utilize my skills and experience to drive fraud prevention efforts and safeguard financial institutions from fraudulent activities.

Overview

6
6
years of professional experience
4
4
years of post-secondary education
1
1
Certification

Work History

Cards Fraud Monitoring Manager

Bank AlJazira
Riyadh , Saudi Arabia
01.2023 - Current
  • Manage Issuing and Acquiring fraud systems including credit, debit, POS, E-commerce, Mobile payment and digital wallets transactions.
  • Manage Fraud losses to the minimum by following the Central bank, Schemes Visa & MasterCard regulations & Secure safety measures & timely reporting to avoid Schemes & SAMA penalties.
  • Conduct weekly, monthly and quarterly rules review and analysis to update and enhance fraud rules based on new fraud trends.
  • Proactively compose necessary correspondence and conduct relevant meetings with customers, vendors, and other interrelated units as deemed necessary.
  • Ensure continuous & professional relationship with external regulators such as SAMA, VISA and MasterCard.
  • Ensure & certify the regular upgrades, UAT's and amendments are being completed on time.
  • Act as contact with VISA & MasterCard for fraud compliance programs and risk mitigation implementation related to transaction approval and rejected rates.
  • Ensure post implementation support and requirements are properly impart to the vendors and IT.
  • Ensure teams to synchronize their timely coaching & training of the staff to update their awareness & knowledge in conjunction with the current job.

Cards Fraud Control Manager

Riyad Bank
Riyadh, Saudi Arabia
03.2021 - 12.2022
  • Implements the day-to-day operations assigned for the Cards Operation departments to ensure compliance with the established standards and procedures.
  • Supervises the development of the system rules to monitor the fraudulent transactions.
  • Annual assessment of Staff Performance through Appraisals, Ensuring timely execution of assignments, Escalation of issues at the front end for timely resolution.
  • Ensures monthly fraud reporting from\ to scheme.
  • Monitors the communication with the cards holders and Riyadh Bank branches and acquirer banks to ensure that effective feedback is provided and the required information is requested.

Cards Fraud Control Specialist

Riyad Bank
Riyadh, Saudi Arabia
05.2017 - 03.2021
  • Monitoring daily transactions through Falcon, Visa Risk Manager (credit cards), The Fraud Center (credit and debit cards for MasterCard) and Fraud Navigator (point of sale).
  • Analyzing daily transactions and authorization to create rules to prevent any fraudulent activity without affecting the approval rate.
  • Communicating with international banks on a daily basis to get confirmations on some suspicious transactions.
  • Monthly reports on team performance and quality, fraud, and authorization.
  • Working with Chargeback team to analyze the actual fraud transactions.
  • Working with MasterCard and Visa to be in full knowledge about the fraud trend in the region and globally.

Education

Bachelor of Business Administration -

Cape Breton University
Sydney, NS, Canada
09.2012 - 05.2016

Diploma - English language

Canadian Language Learning College
Ottawa, Canada
2011

Skills

  • Fraud Detection and Prevention
  • Data Analysis
  • Proficiency in Fraud Technology Tools
  • Knowledge of Fraud Regulations
  • Fraud Investigation
  • Risk Assessment

Certification

2021 Certified Fraud Examiner (CFE)

Association of Certified Fraud Examiners (ACFE)

2020 Merchant Fraud Prevention

Visa Business School

2020 Merchant Monitoring

Visa Business School

2018 Fraud Prevention for Issuers and Acquirers

Visa Business School

2015 Effective Supervision & Communication

Maritime Environmental Training, Canada

Languages

English
Fluent

Accomplishments

  • Worked in Riyad Bank Apple Pay Project.
  • Worked in Riyad Bank Recovery Disaster Project.
  • Worked in migrating and enhancing Fraud rules to the system (Visa Risk Manager).
  • Worked in migrating and enhancing Fraud rules to the new system (FICO).


Timeline

Cards Fraud Monitoring Manager

Bank AlJazira
01.2023 - Current

Cards Fraud Control Manager

Riyad Bank
03.2021 - 12.2022

Cards Fraud Control Specialist

Riyad Bank
05.2017 - 03.2021

Bachelor of Business Administration -

Cape Breton University
09.2012 - 05.2016

Diploma - English language

Canadian Language Learning College

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Wazir Almutairi