Bring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.
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Job Summary
To develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adaption i.t.o. compliance management methodology, governance and delivery objectives.
Job Description
No role profile available as this role has no assigned corporate grade: This role should not be used to create new positions. Where this role is being used for an existing position, please contact the People Function to update records. | Business Enablement:: Ensure commercially sound Compliance guidance and support in respect of allocated regulatory requirements in a professional and helpful manner, always considering the potential alternatives within the rules and regulations applicable, endeavouring to find solutions to ensure compliance as well as the continuation of business | : | : | : | : | : | :
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Post Write Off Recoveries Officer at Absa Group Limited
Bring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.
Job Summary
General contract worker job – only to be used for non-payroll positions at a junior level.
Job Description
No role profile available as this role has no assigned corporate grade:
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Financial Crime Surveillance & Assurance Manager at Absa Group Limited
Bring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.
Job Summary
Job Purpose
To support the Country MLRO in implementing a robust Financial Crime Regime.
• Implement AML compliance processes and
methodology as prescribed in the group Enterprise Risk Management
framework (EMRF) and Risk Management and Compliance Program (RMCP).
• Ensure that all activities are carried
out in full compliance with regulatory requirements and internal Absa
Policies and Policy standards.
• Champion delivery of the ABSA annual rules optimization/tuning on the Transaction monitoring.
• Understand and manage Fin Crime risks and risk events (incidents) relevant to the role.
• Enforce strong KYC standards, commensurate with the country’s local conditions
• Execute and manage monitoring
assignments in accordance with the Financial Crime Monitoring plan and
relevant policies, procedures, and quality standards.
• Support the Country MLRO in the delivery of programs related to financial crime risks
• Monitor suspicious alerts escalated to
MLRO and perform further investigations to discount or confirm if they
are STR to be filed to the regulator.
• To implement Risk Management and
Compliance Program (RMCP) related matters including policy/standards
reviews and localization, and trainings on all matters patterning to
Financial Crime
• Champion in Collaboration with AIA, Ops
risk team, FCAT, Central bank; all the reviews and/or assurance, audit
that relates to FinCrime compliance.
• Support MLRO in developing action plans based on findings in FinCrime reviews and monitor execution
Job Description
Main accountabilities
Functional Management: 80%
- Effective and timely SAR reporting
- Perform Quality Assurance on the completed reviews including PEP/HRR/Medium/Low-risk relationships, manual triggers, Suspicious Transaction alerts closed by Analyst as per the TM standard, etc.
- Address all issues identified in AIA audits, QA of AML and monitor completion of remedial activities, and inform the Line Manager on the progress.
- Effective and timely reporting of KYC / AML and sanctions MI, discounting alerts, and any other related activity as assigned by the Country MLRO
- Provide full support to the business in AML, sanctions, and KYC-related queries.
- Carry out volume/ value analysis to determine appropriate thresholds to be used for suspicious transaction alert monitoring.
- Support the MLRO in driving the implementation of Risk Based Approach (RBA) throughout the business.
- Guide the business in understanding the RBA to AML compliance and assist them in compiling appropriate customer profiles.
- Develop action plans based on findings in suspicious transaction reviews and monitor the execution of such plans.
- Support in performing annual reviews of suspicious transaction limits set across each of the business types.
- Obtain annual coverage plans on KYC, AML, and Sanctions and monitor status on a continuous basis and report any deviations to MLRO/Head of Compliance.
- Support in Cash Transactions Reports (CTR), and Electronic Fund Transfers (EFTs)
- Provide appropriate information to the Line Manager by collating appropriate, accurate, and reliable MI to effectively manage compliance risks on FinCrime reviews.
- Evaluate and challenge information received from the business with the objective of achieving continuous improvement in AML compliance.
- Rule tuning and optimization
- Support in conducting AML/CFT risk assessment as required by AML regulations
- Support in AML/CFT prudential submissions
- Support in responding to various requests from competent authorities
- Support business in providing Financial Crime NAPA approvals.
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Business Coordination: 10%
- maintain excellent relationships with the business team to ensure the achievement of business goals.
- Collate and draft consolidated AML compliance report and other reports as required by the MLRO within deadlines set and submit to MLRO.
- Report and escalate all AML compliance risks and issues arising from the Tanzania business promptly and appropriately in accordance with Group and local legal and regulatory requirements.
- Report any deviations to the MLRO.
- Keep the MLRO informed on compliance matters which may pose financial or reputational risks for the business.
- Provide appropriate information on a daily, weekly and monthly basis by collating appropriate, accurate and reliable information to aid effective management of compliance risks.
Risk and Control Objective: 10%
- In the event of major issues in the business unit, act as crisis coordinator and allocate tasks to the crisis teams.
- Review the risk and compliance profiles of the business unit on a regular basis and provide consultative support to the business on changes that are required to rebalance risk and reward where required.
- Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
- Keep up to date on all regulatory changes and have the ability to articulate the impact to the Business, be well informed on the industry thinking.
- All mandatory training completed to deadline.
Technical skills / Competencies
Competencies:
- Analytical
- Planning and organizing
- Leadership & Interpersonal sensitivity
- Action & Result orientation
- Resilience
Knowledge, Expertise and Experience
Essential
Advanced knowledge of the local and group Fincrime Policies, Standards and procedures
Preferred
- Excellent knowledge of MS Office, comfortable with numbers, MIS
- Proficiency in writing instruction / procedure manuals and training material
- Good coordination skills
Quality, High Standards and Controls
- Anticipates standards required in the future and works on them now
Service Excellence
- Endlessly admired by customers for the standard of service provided
Technical Skills and Knowledge
- In depth knowledge of functional areas and products and services offered
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Communication / Influence
- Uses a variety of communication methods – but gets complex messages across simply
Absa Values
Absa’s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
- I drive high performance to achieve sustainable results
- I’m obsessed with customer
- I have an African heartbeat
- I believe our people are our strengths
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
