Background

Centenary Bank Limited Applications are invited from suitably qualified, experienced and competent individuals for the post of Fraud and IT Risk Manager at Centenary Bank.

Job Purpose

Reporting to the Head of Risk, the Fraud and IT Risk Manager is responsible for developing, implementing, and maintaining robust systems, processes, and controls for risk prevention, detection, and response. The role is responsible for evaluating technology-related risks, conducting forensic audits and investigations, and leveraging advanced analytics to safeguard the Bank’s operations, systems, information assets, and customers. This role ensures full compliance with regulatory expectations, international best practices, and internal policies on fraud management, IT risk, cybersecurity, and data protection.

Key Responsibilities

Fraud & IT Risk Management

• Develop and maintain fraud and IT risk policies, frameworks, and procedures.
• Identify, assess, and monitor risks across systems, products, and channels.
• Conduct IT risk assessments, system reviews, and control testing to ensure resilience.
• Integrate risk registers, KRis, and mitigation plans into Enterprise Risk Management.
• Coordinate with IT, Cybersecurity, Audit, and Compliance to close control gaps.
• Provide regular risk exposure reports to senior management and regulators.

Fraud Detection & Analytics

• Implement advanced fraud analytics models using machine learning and statistical techniques.
• Develop automated monitoring dashboards to detect anomalies and suspicious activity.
• Analyze transactional and behavioral data for proactive risk mitigation.
• Oversee monitoring of privileged access, system logs, and high-risk transactions.

Systems Security & Data Protection

• Strengthen system controls and fraud detection with IT and Cybersecurity teams.
• Review access controls, segregation of duties, and privilege management.
• Support vulnerability assessments, penetration testing, and cybersecurity tool deployment.
• Ensure compliance with data protection laws and regulatory frameworks.

Forensic Audit & Investigations

• Lead forensic audits and investigations across operational, digital, and third-party incidents.
• Conduct forensic reviews, evidence collection, and digital forensics in line with legal standards.
• Deliver investigation reports with findings, root-cause analysis, and recommendations.
• Collaborate with HR, law enforcement, and external forensic specialists as required.

Governance & Compliance

• Maintain Fraud Response Plans and IT Risk Management Frameworks.
• Lead incident response during major fraud or cyber events.
• Track and report KRis, incident trends, and control effectiveness.
• Ensure timely escalation of significant incidents to management and regulators.
• Drive continuous improvement of fraud and IT risk processes.

Qualifications and Competencies

• Bachelor’s degree in IT, Computer Science, Forensic Investigations, Risk Management, Actuarial Science, Statistics, Banking and Finance, Computational Finance, or related field. Preferably a Certified Anti-Fraud Specialist (CAFS) or Certified Fraud Examiner (CFE) professional qualifications.
• Minimum 5 years’ experience at managerial or senior officer level in forensic investigations, internal audit, or risk management, preferably within the financial services sector and Law enforcement.
• Strong understanding of banking operations, financial crime typologies, and regulatory frameworks.
• Proficiency in forensic tools and techniques, including digital forensics and data analytics.
• Excellent analytical and problem-solving skills with attention to detail and discretion.
• Strong report writing and communication skills, with ability to present findings to senior stakeholders.
• Ability to work independently and manage sensitive investigations under pressure.
• Proficiency in Microsoft Office tools including Excel, PowerPoint, forensic analysis software, Modelling and Programming (R, SQL, Python or Matlab).

• Develop and maintain fraud and IT risk policies, frameworks, and procedures.
• Identify, assess, and monitor risks across systems, products, and channels.
• Conduct IT risk assessments, system reviews, and control testing to ensure resilience.
• Integrate risk registers, KRis, and mitigation plans into Enterprise Risk Management.
• Coordinate with IT, Cybersecurity, Audit, and Compliance to close control gaps.
• Provide regular risk exposure reports to senior management and regulators.
• Implement advanced fraud analytics models using machine learning and statistical techniques.
• Develop automated monitoring dashboards to detect anomalies and suspicious activity.
• Analyze transactional and behavioral data for proactive risk mitigation.
• Oversee monitoring of privileged access, system logs, and high-risk transactions.
• Strengthen system controls and fraud detection with IT and Cybersecurity teams.
• Review access controls, segregation of duties, and privilege management.
• Support vulnerability assessments, penetration testing, and cybersecurity tool deployment.
• Ensure compliance with data protection laws and regulatory frameworks.
• Lead forensic audits and investigations across operational, digital, and third-party incidents.
• Conduct forensic reviews, evidence collection, and digital forensics in line with legal standards.
• Deliver investigation reports with findings, root-cause analysis, and recommendations.
• Collaborate with HR, law enforcement, and external forensic specialists as required.
• Maintain Fraud Response Plans and IT Risk Management Frameworks.
• Lead incident response during major fraud or cyber events.
• Track and report KRis, incident trends, and control effectiveness.
• Ensure timely escalation of significant incidents to management and regulators.
• Drive continuous improvement of fraud and IT risk processes.

• Proficiency in forensic tools and techniques, including digital forensics and data analytics.
• Excellent analytical and problem-solving skills with attention to detail and discretion.
• Strong report writing and communication skills, with ability to present findings to senior stakeholders.
• Ability to work independently and manage sensitive investigations under pressure.
• Proficiency in Microsoft Office tools including Excel, PowerPoint, forensic analysis software, Modelling and Programming (R, SQL, Python or Matlab).

• Bachelor’s degree in IT, Computer Science, Forensic Investigations, Risk Management, Actuarial Science, Statistics, Banking and Finance, Computational Finance, or related field. Preferably a Certified Anti-Fraud Specialist (CAFS) or Certified Fraud Examiner (CFE) professional qualifications.
• Minimum 5 years’ experience at managerial or senior officer level in forensic investigations, internal audit, or risk management, preferably within the financial services sector and Law enforcement.
• Strong understanding of banking operations, financial crime typologies, and regulatory frameworks.