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Analyst, Fraud Prevention

Job Purpose.

To implement a pro-active fraud prevention plan within Stanbic Kenya through a fraud awareness programme designed to mitigate fraud risk and loss.

Job Functions.

Fraud Awareness & Communication:

• Develop and disseminate fraud awareness materials (including training programs) to staff and customers as per Fraud sensitization timetable.
• Design and maintain content for training and awareness initiatives that are up to date with industry fraud trends & best practises to enhance fraud prevention and reduce fraud losses.
• Drive the training and awareness of Fraud Risk matters and developments through the implementation and maintenance of an effective communications plan and knowledge sharing platforms, in adherence to Group communication and training standards, to ensure the business in-country are sufficiently positioned to adhere to the relevant FRM frameworks, policies and regulatory requirements.
• Identify the most suitable communication mediums within the country and disseminate information accordingly to enable the most meaningful impact on the intended audience.

Fraud Risk Management & Analysis:

• Analyze trends and identify losses related to fraud
• Conduct workshops to prevent re-occurrence of fraud.
• Identify Fraud risks/weaknesses through Fraud Risk Assessments on processes, products, systems and procedures based on Audit, Risk, Assurance and Forensic and any relevant Reports, create awareness around these possible weaknesses and provide potential solutions to prevent re-occurrence and possible occurrence.
• Keep abreast of and analyse relevant legislative and regulatory developments, in order to understand the implications for the organization and to deliver expert advice and training to the relevant Functions as it relates to the prevention of fraud and other financial misconduct.
• Research and implement best practice awareness and communication channels that will drive the required behaviors to prevent fraud and other activities of misconduct.
• Monitor Fraud alerts on real time basis, respond to customer fraud complaints as per TAT in place and initiate new mechanisms to effectively improve detection rates.

Country-Specific Implementation:

• Target country on-boarding training programmes to ensure that awareness of fraud and other issues of misconduct is provided to new employees.
• Translate and localize relevant policies, frameworks, procedures, standards to suit the specific needs of the country to ensure that all information and material is relevant to the intended audience.
• Build relationships with internal and external stakeholders i.e. BFID, Telcos , KBA  etc for fraud Intelligence and obtain additional information to aid desktop investigations and fraud reviews.

Investigative Support:

• Identify losses and analyse trends affecting the country and facilitate workshops to identify ways to prevent the re-occurrence of fraud, theft and other activities of related misconduct.
• Liaise with forensic investigators and internal stakeholder on suspicious cases that need to be investigated further to mitigate risk and prevent/reduce losses
• Capture all cases/investigations on relevant system accurately with no errors and ensure that no duplicates are being captured. Manage Fraud stop program effectively and accreditation is being done fairly and accurately on all confirmed fraud cases
• Communicate investigations findings/analysis with stakeholders in an accurate, frequent and professional manner regarding investigation support services/outputs/recommendations
• Maintenance of internal & external fraud databases through daily updates and  accurate report keeping.

General Responsibilities:

• Adhere to all relevant internal processes, procedures and legislation and maintaining customer confidentiality at all times in order to determine whether a deceptive act has been committed for financial gain, and if evidence exists for pursuing a criminal case
• Ensuring that frequent engagements with fellow team members in a respectable and effective manner and aligned to the bank values.
• Work effectively with colleagues at all levels and recognize other team members on achievement and communicate it through line manager.
• Attend meetings and contribute to process improvement – Attend meetings with the Management on portfolios and support Detection Manager on the new processes to be implemented, for example recommendations and amendments to current fraud modules.
• Find and implement suitable ways to develop and maintain a culture, in conjunction with the Business within country, that focuses on awareness of fraud, theft, misconduct and dishonesty.
• Perform any other FRM assignment assigned by line Manager.

Qualifications

Minimum Qualifications
Type of Qualification: First Degree

• Field of Study: Risk Management, Computer Science/Information Technology, Risk Management , Actuarial Science, Criminology and any other relevant Degree. Added advantage for a candidate with Database management and programming knowledge.
• Advanced knowledge in SQL, SAS, R, and Python.
• Exposure to and familiarity with different analytical techniques (Linear and Logistic Regression, Clustering Techniques, Neural Network, Decision Trees, etc.).
• Familiarity with wide array of fraud tools, applications and solutions (FICO, VISA, TSYS Falcon, VRM, CardGuard, Detica, Netguardians etc.)
• Good understanding of CAAT’s (Computer assisted auditing tools) will be an added advantage.
• Proficiency in information technology and relevant Information Security Certification i.e. CISSP, CISA / CISM, ISO/IEC 27001  and CFE will be an added advantage

Experience Required
Group Anti Financial Crime

• Compliance
• 5-7 years Specific experience in running fraud awareness programmes across the financial services sector within a corporate or consulting environment. Experience working in a financial crime investigations, risk or compliance environment.

Additional Information

Behavioral Competencies:

• Checking Details
• Convincing People
• Developing Expertise
• Embracing Change
• Establishing Rapport
• Examining Information
• Generating Ideas
• Interacting with People
• Interpreting Data
• Meeting Timescales
• Producing Output
• Upholding Standards

Technical Competencies:

• Content Creation and Management
• Evaluating Risk Management Effectiveness
• Financial Industry Regulatory Framework
• Internal Communication Channels
• Learning Facilitation
• Risk Awareness

Analyst Investment/Dealer

Job Purpose:

To undertake both financial & non-financial research and report on prospective investment and existing issuers and counter parties by studying how an investment is likely to perform and how sustainable it is. The role holder will be responsible for sourcing and dealing of all investment transactions and participate in the organization’s sound portfolio-management strategy by providing the necessary data for decision-making process and client fulfilment. This includes providing economic research (Global & Local), valuation analysis on listed companies and alternative Investments, credit analysis on counter parties and facilitating the buying and selling of financial securities on behalf of business. In addition, the role holder will assist on counterparties and asset allocation compliance monitoring by ensuring placements and Fund asset allocations are within internal and regulatory limits.

Outputs:

• Undertake analysis of selected collective investment schemes – full and half-yearly reviews.
• Counterparties half and full year reviews.
• Monitor and update the team on the secondary market activities and offerings, global and local economy and general company news of interest
• Prepare reports for Investment Committee meetings and fund management department monthly meetings.
• Prepare investment reports for trustees.
• Provide analysis on fund performance.
• Assist with management of client portfolios.
• Assist in the preparation and publishing of the fund’s fact sheets.
• Assist with response to clients’ queries and inquiries.
• Assist with proper filing and record-keeping of all correspondence in the fund management department.
• Work closely with individual investors, institutional clients, and corporate entities to execute trades.
• Provide investment advice to Portfolio Managers and Investment Committee by virtue of being in contact with the market and assist in managing portfolios.
• Execute trades on various financial markets, including stocks, bonds, commodities, and derivatives, ensuring timely and accurate order placement.
• Negotiate with market participants on competitive pricing.
• Work closely with Operations and Custody to ensure settlement on trades.
• Stay informed about market developments, economic indicators, and industry trends to provide informed investment recommendations.
• Assist Portfolio Managers in fund liquidity monitoring by working closely with Operations and Custody to ensure system information is up to date.
• Educate stakeholders about various investment products.
• Assess and mitigate risks associated with investment activities, ensuring the preservation of Fund capital and adherence to risk management guidelines.
• Regulatory reporting including to Capital Markets Authority and Retirement Benefits Authority (where applicable) vide online portals and physical reports.
• Any other duties as may be assigned from time to time within the job profile.
• Maintain an adequate control environment and operational procedures to prevent loss from non-adherence to controls.
• Make sure you are aware of and comply with data confidentiality requirements.
• Make sure all general legal and regulatory requirements relating to specific activity are complied with.
• Ensure all information is handled appropriately where necessary exposure to information which may be confidential or sensitive should be notified to Compliance.
• Be aware of and comply with Group policy, local laws and Regulators relating to the prevention of Money Laundering and Terrorist Financing including Treating Customers Fairly(TCF) requirements.
• Regulatory & Business conduct. This includes the responsibility for the conduct of individual in sales by ensuring behaviours set out in the Group Code of Conduct are followed and that the business/country/function achieves the outcomes set out in the Principles and Pillars.
• Take personal responsibility for understanding the risk and compliance requirements of the role. Understand and comply with, in letter and spirit, all applicable laws and regulations, including those governing anti-money laundering, terrorist financing and sanctions; the Group’s policies and procedures; and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters.
• Embed the Group’s values and code of conduct to ensure that adherence with the highest standards of ethics and compliance with relevant policies, process and regulations among employees form part of the culture.

Qualifications

Minimum Qualifications

• Type of Qualification: Post Graduate Degree
• Field of Study: Business Commerce

Experience Required
Investment Management

• Broad understanding of financial market securities
• Knowledge of Asset Management Applications
• Minimum 5-7 years’ experience in securities industry or investment banking – asset management/research experience preferable

Additional Information

Behavioral Competencies:

• Adopting Practical Approaches
• Articulating Information
• Challenging Ideas
• Checking Details
• Conveying Self-Confidence
• Developing Expertise
• Embracing Change
• Examining Information
• Generating Ideas
• Inviting Feedback
• Meeting Timescales
• Taking Action

Technical Competencies:

• Economic Analysis
• International Market Knowledge
• Performance Benchmarking
• Product Development
• Quantitative Analysis
• Research

Method of Application

Use the link(s) below to apply on company website.

• Analyst, Fraud Prevention
• Analyst Investment/Dealer