Assistant Manager Fraud Risk at Equity Bank

Equity Bank Kenya is the largest subsidiary of Equity Group Holdings Plc. Incorporated in Kenya under the Companies Act (Cap 486) and licensed under the Banking Act (Chapter 488), the Bank provides comprehensive retail banking, microfinance, and related financial services. Our nationwide footprint includes 212 branches, supported by over 42,600 agents, 27,300 merchants, more than 1 million Pay with Equity (PWE) merchants, and 345 ATMs. Equity Bank Kenya’s shares are listed on the Nairobi Securities Exchange, reinforcing our commitment to transparency and market leadership.

Our diversified business spans banking, insurance, technology and social enterprise, enabling us to deliver integrated solutions that drive inclusive growth at scale. Our business model is anchored on a distinctive Tri-Engine framework— Social, Economic and Sustainability, which systematically strengthens value-chains, empowers communities and delivers long-term social and economic impact. s

Our purpose, “Transforming lives, giving dignity, and expanding opportunities for wealth creation,” guides every our strategic decision. We are driven by a bold vision “to be the champion of the socio-economic prosperity of the people of Africa,” and this ambition is embedded in our culture through our core values of professionalism, integrity, creativity and innovation, teamwork, unity of purpose, respect and effective corporate governance (PICTURE). Our growth and impact agenda is clearly defined and operationalized through the Africa Recovery and Resilience Plan (ARRP), which serves as the strategic blueprint for sustainable expansion and long-term value creation across the continent.

Job Purpose:

The Assistant Manager, Fraud Risk is responsible for identifying, assessing, monitoring, and mitigating fraud risks within the organization. This role supports fraud prevention initiatives, investigations, and the implementation of fraud risk management frameworks to protect the organization from financial and reputational losses

Key Responsibilities

• Assist in conducting fraud risk assessments across the organization to identify potential vulnerabilities and emerging threats.

• Support the development and maintenance of fraud risk registers, scenarios, and risk indicators.

• Collaborate with business units to understand their operations and identify specific fraud risks.

• Contribute to the implementation and ongoing enhancement of the fraud risk management framework.

• Assist in the development of policies, procedures, and guidelines related to fraud risk management.

• Support the communication and training of employees on fraud risk awareness and prevention.

• Assist in monitoring key risk indicators (KRIs) and metrics to identify potential fraud trends and patterns.

• Support the preparation of regular reports on fraud risk exposures, incidents, and trends for management and relevant committees.

• Assist in the investigation of suspected fraud incidents, as needed.

• Contribute to the development and implementation of fraud prevention and detection controls.

• Assist in the evaluation and selection of fraud detection tools and technologies.

• Support the development and delivery of fraud awareness training programs.

• Collaborate with other departments, including Legal, Compliance, Internal Audit, and IT, to address fraud-related issues.

• Communicate effectively with stakeholders at all levels regarding fraud risk matters.

• Maintain strong relationships with industry peers and professional organizations to stay informed of emerging fraud trends and best practices.

Qualifications And Experience

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Professional certifications such as CFE (Certified Fraud Examiner) or CRMA (Certified Risk Management Auditor) are an added advantage.
• At least 3-5 years of experience in fraud risk management, forensic auditing, or financial crime investigation.
• Knowledge of fraud risk frameworks, fraud analytics, and regulatory compliance.
• Experience in using fraud detection tools and forensic accounting techniques.

Key Competencies & Skills

• Strong analytical and investigative skills.
• Excellent attention to detail and problem-solving abilities.
• High ethical standards and integrity in handling sensitive fraud-related cases.
• Strong report writing and presentation skills.
• Ability to work under pressure and handle multiple fraud investigations simultaneously.