Fraud Risk Manager

Absa Bank Kenya PLC is a financial institution founded in 1916, providing a wide range of banking and financial services across Kenya.

The primary purpose of this role is to ensure all activities comply with regulatory requirements, the Enterprise-Wide Risk Management Framework, and internal Absa Policies. The manager will be responsible for understanding and actively managing risks and risk events relevant to their duties.

1. Conduct comprehensive fraud risk assessments across various products, channels, processes, and systems.
2. Identify potential fraud vulnerabilities and propose effective mitigating controls.
3. Monitor fraud trends, associated losses, emerging threats, and key risk indicators.
4. Ensure all fraud risk events are reported, thoroughly assessed, and managed in accordance with established policies.
5. Review and challenge the effectiveness of existing fraud controls throughout the business.
6. Track the remediation of fraud-related findings, identified risks, and audit issues until their complete resolution.
7. Monitor and review the performance of fraud detection rules, parameters, and control mechanisms.
8. Provide fraud risk reviews and approvals for projects and change initiatives.
9. Prepare and submit fraud risk dashboards, management information, and governance reports.
10. Offer insights into fraud trends, control gaps, and risk exposures to senior management.
11. Support reporting requirements for risk committees, regulators, and other governance forums.
12. Maintain accurate and reliable data and metrics related to fraud risk.
13. Support the development and implementation of the Fraud Risk Management Strategy.
14. Drive initiatives aimed at reducing fraud losses and enhancing control measures.
15. Coordinate fraud awareness programs for both employees and customers.
16. Monitor emerging fraud typologies and industry developments to improve fraud prevention strategies.
17. Collaborate with Business, Operations, Technology, Compliance, and Risk teams to effectively manage fraud risks.
18. Provide expert fraud risk advisory support and subject matter expertise.
19. Facilitate fraud governance forums and stakeholder engagements.
20. Support regulatory reviews, audits, and assurance activities.

1. Bachelor’s Degree.
2. Certified Fraud Examiner (CFE) certification.
3. At least 5 years of experience in a Fraud or Risk role within a financial institution.
4. Proven experience in investigation, analytics, and project management.
5. Strong analytical skills.
6. Excellent communication skills.
7. Demonstrated stakeholder management abilities.
8. Solid understanding of risk and compliance principles.
9. Knowledge of applicable systems exposure.