Job Purpose

The overall responsibility of this role is to be responsible for detecting, preventing and monitoring fraudulent activities across various financial and digital platforms. This role is critical in minimizing fraud and physical security losses, maintaining regulatory compliance, and protecting both the Bank and its customers from risks related to fraud and physical security risks.

Key Responsibilities

Fraud Risk Management - 40%

• Review and analyze alerts generated by FMS monitoring system for potential fraud in the bank and escalating high risk cases to the team leader.
• Monitor FRM system activities to generate daily, weekly and/or monthly reports identifying trends and/or potential fraud activities.
• Ensure efficient identification and monitoring of fraudulent transactions.
• Build network with internal and external stakeholders that includes law enforcement agencies, corporate investigators, audit firms, systems vendors among others
• Flag suspected fraudulent activity through restricting accounts or recall of funds.
• Contribute to the review of fraud risk assessments, scenario analysis and new product or change initiative assessments.
• Monitor and report system downtimes or service disruptions by initiating timely incident reports and coordinating with relevant teams to ensure prompt resolution and service restoration.
• Co-ordinating vendors support as per internal protocol.

Physical Security Surveillance & Emergency Response - 30Real time monitoring of physical security surveillance systems; CCTV, access control, intruder alarms and fire alarms for SBM Bank premises.

• Extract and analyze CCTV footage and access control system logs to reconstruct incidents, identify security breaches, and compile comprehensive investigative reports to support decision-making and incident resolution.
• Respond to emergencies including fire, intrusion or suspicious activities and coordinate with internal teams and emergency services.
• Receive, record and escalate incidents related to security, safety, or operations in line with Bank procedures.
• Recording and Documentation: Accurately record and document all incidents, suspicious activities, and system malfunctions in a clear, concise, and timely manner, adhering to the bank's record-keeping policies. This may involve creating incident reports with relevant details and timestamps
• Coordinate the end-to-end payment processing workflow by generating invoices on E-citizen, ensuring accurate completion, submitting to branches for approval, and uploading finalized documents for submission to Accounts Payables for processing.
• Monitor and report system downtimes or service disruptions by initiating timely incident reports and coordinating with relevant teams to ensure prompt resolution and service restoration.
• User management of access control systems; biometric, card, alarm and preauthorization of vendors to strategic business locations as per internal protocols

Reporting and Documentation - 20%

• Regularly update the Blacklist.
• Generate intelligent MIS reports (daily, weekly, and monthly) leveraging data analytics to identify emerging trends, anomalies, and potential fraud/physical security risks.

Collaboration and Compliance - 10%

• Represents the bank in KBA and other fraud management meetings and provide secretariat to the meetings when required.
• Ensure alignment with the relevant legislation and internal governance frameworks.

Key Relationships

Direct Reports to this Position - Outsourced Vendors

Customers of this Position:

• Management and Staff
• Customers
• Security and Fraud Managers/Investigators of Police Services, Directorate of Criminal Investigation, Central Bank of Kenya, Capital Markets Authority, Insurance Regulatory Authority, Commercial Banks and any other institutions as may be required during investigation.

Knowledge, Skills and Experience required for this Role 

• University degree in any of the following specializations: Criminology, Actuarial, Finance, Law, Information Technology.
• The ability to identify, assess, monitor, control and mitigate fraud risks i.e. excellent analytical skills Proficiency in data analytics tools (e.g., Excel, SQL, SAS) and fraud detection systems. The ability to carry out data analysis on large data sets will be an added advantage.
• Proficiency in monitoring surveillance systems.
• Strong communication and report writing skills.
• High ethical standards and ability to handle confidential information.
• Ability to work under pressure in potentially uncomfortable situations.

Competencies required for this Role

• Analytical thinking and attention to detail
• Team collaboration and stakeholder engagement
• Adhering to principles and values
• Ability to work under pressure and meet tight deadlines
• Presenting and communicating information
• Writing and reporting
• Applying expertise and technology
• Persuading and influencing
• Knowledge of Kenyan banking regulations and fraud typologies