More than 100,000 people have found their dream job through Fuzu.

Group Senior Fraud Manager – Insurance & Investment

Closing: May 27, 2024

1 day remaining

Published: May 13, 2024 (14 days ago)

Job Requirements

Education:

Work experience:

Language skills:

Job Summary

Contract Type:

Sign up to view job details.

Qualifications
  • Bachelor’s degree in accounting, business administration, risk management, or information technology.
  • 7+ years of experience in Financial Services with at least 5 years’ experience in fraud risk management, prevention, detection, or investigations.
  • Experience in Insurance and Investment will be an added advantage.
  • Professional certifications such as Cer


Responsibilities
Qualifications
  • Bachelor’s degree in accounting, business administration, risk management, or information technology.
  • 7+ years of experience in Financial Services with at least 5 years’ experience in fraud risk management, prevention, detection, or investigations.
  • Experience in Insurance and Investment will be an added advantage.
  • Professional certifications such as Cer


  • Review fraud risk assessments for both existing and new insurance and investment products and services while ensuring anti-fraud controls are evaluated as part of Risk & Control Self Assessments by the insurance and investment business and operation units.
  • Conduct insurance and investment fraud risk assessments taking a risk-based approach for businesses, products, processes, and systems to identify emerging fraud trends, vulnerabilities, and areas for improvement.
  • Collaborate with subsidiaries heads of risk to formulate comprehensive insurance and investment fraud risk management strategies aligned with the Group's enterprise risk management framework.
  • Provide insurance and investment fraud expert advice to the business on fraud risk management, controls, and initiatives in line with business strategy, enterprise risk, and fraud management policies and framework.
  • Monitor Key Performance Indicators (KPIs) for insurance and investment fraud, analyzing trends and their impact on the business, while measuring the effectiveness of fraud prevention and detection controls.
  • Ensure a clear understanding, evaluation, and agreement on inherent and residual insurance and investment fraud risks, including their likelihood, impact, and ratings with respective subsidiary risk heads.
  • Analyze insurance and investment business processes to identify control failures/weaknesses and/or procedure breaks related to fraud risk events, including an evaluation of the performance of insurance and investment fraud risk controls, tools, and data usage across all insurance and investment units and channels.
  • Prepare comprehensive management and board reports on insurance and investment fraud risk exposure, incidents, and mitigation efforts to senior management and relevant board committees.
  • Respond to inquiries from insurance and investment business units regarding fraud risk management issues.
  • Collect and analyze insurance and investment fraud data and insights for use in fraud prevention and detection.
  • Curate and disseminate insurance and investment industry best practices related to fraud risk management.
  • Develop relevant insurance and investment anti-fraud materials for internal training and customer fraud awareness.
  • Instill a robust fraud risk awareness culture within insurance and investment businesses, fortifying the Group’s values and code of conduct.


Applications submitted via Fuzu have 32% higher chance of getting shortlisted.

Don’t miss your chance to work at Equity Bank Kenya . Enter your email to start your application now