The National Bank of Kenya (NBK) is employing forensic investigators and anti-fraud professionals following the cases of fraud by senior executives and cybersecurity occurrences that have rocked the bank.

The bank advertised in the local dailies that it is looking for two experts for the positions of senior forensic investigator and electronic fraud and head information systems security.

“In our quest to enhance the bank’s controls and security, we seek to recruit highly talented professionals, who are digitally/IT savvy,” the bank said.

NBK said the head of information systems security will have the role of protecting the bank from cybersecurity threats.

“He or she will be expected to provide continuous independent assurance on the bank’s information systems security, specifically on integrity, confidentiality and availability of information by ensuring appropriate security controls are in place to protect the bank’s assets,” the bank stated.

“The senior forensic investigator will be charged with examining and investigating digital and electronic frauds in the bank whilst delivering evidence as and when required.”

Early this year, NBK said it had prevented an attempted multimillion shilling cyber transfer of deposits to mobile money accounts from taking place.

Furthermore, 8 former senior executives of NBK paid fines accumulating to millions of shillings and banned from holding office in any of the listed companies for 10 years after being charged with misrepresenting financial accounts and stealing over Sh1 billion from the bank.

The Capital Markets Authority (CMA) found the executives guilty of misrepresenting financial statement for the period of 30 June 2015 and September 30, 2015.

“The board of the Capital Markets Authority (CMA) has taken administrative action against the NBK board members and former senior managers, who served at the bank as at December 31, 2015, for misrepresentation of financial statements and embezzlement of funds,” CMA said in a statement.

One of the senior executives charged with fraud was Munir Sheikh who was fined Sh5 million and banned from holding any position in publicly listed companies.


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