Forensic Services Department.Fraud Analyst

KEY RESPONSIBILITIES: TYPICALLY, NOT BE MORE THAN 10

1. Constantly monitor real time queues to identify high risk/unauthorized/fraudulent transactions, and institute prompt mitigating action, including instituting appropriate hold (restriction) on accounts identified as having potentially fraudulent issues.

2. Reviewing and providing resolutions to queued transactions within the defined SLAs to reduce potential revenue losses, as well as checking daily reports and compromise alerts to track and prevent fraud.

3. Undertake research on fraud patterns by tracking confirmed fraudulent transactions and identification of trends from resolved cases and develop rules in the FMS to facilitate fraud prevention and detection, as well as recommend changes to fraud detection system parameters to optimize fraud detection while minimizing negative customer impact.

4. Contact customers, banks & Telcos by phone and email to verify transactions and resolve fraud-related account issues, and where fraud is confirmed, create a case in the Case Management system to initiate investigations and dispute management process.

5. Study market, industry and environmental trends in frauds to identify emerging fraud patterns and provide these insights to investigators and senior managers for embedding in the Bank’s overall fraud mitigation strategies.

6. Undertake Fraud awareness to facilitate appropriate understanding of fraud prevention and detection across the Bank network.

7. Prepare periodic summaries of fraud trends as appreciated from the fraud management system and related industry sources to enhance fraud management across the Bank.

8. Conduct initial analysis of suspected fraud cases reported, and appropriately escalating them for investigations, as well as providing support to the investigators during investigations.

9. Undertake Fraud Risk Assessments on identified risk areas and issue reports with recommendations as appropriate. 

10. Intelligence gathering on fraud or planned frauds and taking mitigating actions within set timelines, liaison with law enforcement agencies in respect of matters under investigations and attending court to give evidence.

11. Stakeholder engagement (both internal and external) to resolve any issues and/or share insights for purposes of fraud management generally.

 

MINIMUM POSITION QUALIFICATION REQUIREMENTS

1. Academic & Professional

ParticularsDetailSpecific Field or QualificationNeed Type[1]Education Bachelor’s DegreeComputer Science/Finance/ Business/ Banking/ law/ Criminal Justice studies or any relevant field

RQ

Professional QualificationsForensics/Ethical Hacking/Fraud Management/Data Analysis/Data Science/any relevant area

AA

   

 

1. Experience

 

Total years of Banking Operations Experience required5 

 

Detail

Minimum No of Years

Need Type[2]

Fraud Prevention and Detection in Banking / Financial Services

5 

ES

Analytical techniques (Linear, Regression, Clustering Techniques, Neural Network, Decision Trees etc).

3 

DE

Banking Operations

3

ES

Automated Fraud Management Systems

1

ES

Digital Forensics

1

ES

Stakeholder Management

2

ES

Criminal Litigation

1

DE

 

[1] Need Types are : RQ = Required, AA = Added Advantage

 

[2] Need Types are: ES = Essential, DE = Desirable but not Essential

 

KCB Group is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation, National Bank of Kenya, and all associated companies. The holding company was set up to among other things to enhance the Group’s capacity to access unrestricted capital and also enable investment in new ventures outside banking regulations, achieve operational and strategic autonomy for the Group’s operating entities and enhance corporate governance across the Group and oversight in the management of subsidiaries. Related documentation:  Group Name Change,   Name Change Certificate,  KCB Advise on Non-Operating Holding Company,  KCB Group Structure,  Kenya Gazette Notice.