Abdulmajeed Alshahrani
Counter Fraud Technology Specialist
Riyadh, SA.About
Highly experienced Counter Fraud Technology Specialist with a proven track record in detecting and mitigating financial crimes within the banking sector. Leverages expertise in AI-driven fraud detection, risk assessment, and regulatory compliance to develop advanced fraud prevention strategies. Committed to safeguarding financial systems and optimizing fraud monitoring capabilities through innovative technological solutions.
Work
Riyadh, Riyadh Province, Saudi Arabia
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Summary
Leading the design, implementation, and optimization of AI-driven fraud detection systems and strategies within BSF, ensuring regulatory compliance and enhanced customer protection.
Highlights
Led User Acceptance Testing (UAT) and Production Testing for fraud detection systems, ensuring optimal functionality and resilience across critical banking operations.
Designed, implemented, and managed AI-driven fraud detection scenarios within the Enterprise Fraud Monitoring System (EFMS), leveraging behavioral analytics to enhance detection accuracy.
Prepared and delivered bi-weekly EFMS reports, providing stakeholders with critical insights into system performance, detection accuracy, and operational health.
Conducted continuous risk assessments and governance checks on banking systems, identifying vulnerabilities and recommending robust mitigation strategies.
Supported AI model training by analyzing complex fraud patterns, significantly improving predictive accuracy and machine learning initiatives.
Riyadh, Riyadh Province, Saudi Arabia
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Summary
Specialized in advanced fraud analysis and intelligence, delivering critical insights and enhancing detection capabilities for BSF's fraud prevention efforts.
Highlights
Conducted in-depth fraud analysis on complex cases, identifying critical patterns, emerging threats, and potential vulnerabilities.
Managed and prepared the SAMA FRMS Bi-Weekly Report, ensuring 100% compliance with regulatory requirements.
Generated and maintained a Daily Dashboard Report, providing real-time fraud insights and key risk indicators for enhanced decision-making.
Delivered actionable fraud intelligence assessments, enhancing decision-making and response strategies for Investigation and Monitoring teams.
Fine-tuned fraud detection scenarios within the Fraud Intelligence System (FIS), significantly enhancing accuracy and reducing false positives.
Riyadh, Riyadh Province, Saudi Arabia
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Summary
Led and optimized external fraud investigations and system enhancements within BSF, integrating AI to improve detection and prevention.
Highlights
Trained a team of fraud investigators on monitoring systems, equipping them to effectively handle alerts and resolve fraud-related issues.
Supervised fraud investigators, ensuring compliance with SAMA reporting standards and best practices in fraud case management.
Managed customer model validation within the Fraud Intelligence System (FIS), refining rule-based fraud detection scenarios for improved accuracy.
Led testing initiatives for the Fraud Intelligence System, ensuring optimal system performance and accuracy.
Contributed to the development and enhancement of the Fraud Intelligence System, integrating AI to improve fraud detection and prevention capabilities.
Riyadh, Riyadh Province, Saudi Arabia
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Summary
Managed compliance reporting, investigated financial fraud, and developed analytical tools to support fraud prevention within BSF.
Highlights
Managed SAMA reports, ensuring full compliance with Anti-Money Laundering (AML) regulations.
Investigated numerous suspected fraud and theft cases, analyzing complex financial systems to detect irregularities.
Developed detailed financial models, reports, and visual analytics, effectively presenting complex fraud data.
Conducted in-depth accounting assessments, supporting fraud investigations and uncovering financial misconduct.
Certificates
Projects
SAMA Counter Fraud Framework
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Summary
Implemented the SAMA Counter-Fraud Framework within the Enterprise Fraud Management System (EFMS) to enhance fraud detection, prevention, and response capabilities. Developed and optimized fraud risk assessment models in alignment with SAMA regulatory standards, ensuring compliance and operational efficiency.
Skills
Fraud Detection & Prevention
Fraud Technology Systems, AI-driven Fraud Detection, Fraudulent Scenarios Testing, Fraud Intelligence, Mule Account Analysis, Fraud Investigation, Fraud Monitoring.
Risk & Compliance
GRC (Governance, Risk, Compliance), Risk Management, Regulatory Compliance, SAMA Reports, Anti-Money Laundering (AML), SAMA Counter-Fraud Framework.
Data & Analytics
Data Analysis, Reporting, Financial Modeling, Visual Analytics, Key Risk Indicators.
Technology & Systems
Enterprise Fraud Monitoring System (EFMS), Fraud Intelligence System (FIS), Machine Learning (ML), AI Model Training, Database Management Framework.
Project Management
User Acceptance Testing (UAT), Production Testing, Scenario Design & Implementation, Project Delivery.
Leadership & Training
Team Training, Supervision, Cross-functional Collaboration.