Financial Crime Analyst
Financial Crime Analyst at ABSA Bank Limited December, 2023
- locations Absa House - ABT
- time type Full time
- job requisition id R-15960463
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.Recommended:
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
Conduct investigation on suspicious transactions. Prepare high-quality suspicious transaction reports to the authorities concerned. Perform AML risk review / assessments. Establish and review the Bank's AML / sanctions related policies and procedures.
Job Description
Transaction Monitoring and investigations Monitor the departmental queues for alerts on a regular basis throughout the working day ensuring management are aware of outstanding alerts at end of day by giving daily status as per KPI.Be familiar with the departmental systems/processes and their implementation. Review transaction monitoring alerts in line with prescribed procedures:
- Investigate the individual alerts to determine if there is a potential suspicious transaction involved.
- Follow the recommended standard investigation steps, in addition, assess if there is anything else unusual about a transaction, particularly based on experience of previous transactions.
- Assess the transaction in the context of previous transactions and the client’s business/purpose of the account – if necessary, review the client's file / details and build patterns of commons trends.
- Assess the relevance of the geographies of the remitter and beneficiaries of the transaction where there are grounds for suspicion or a requirement for guidance in relation to an alert, escalate in line with the procedures.
- Create and maintain accurate and concise records of all investigations undertaken including details on the rationale for any decisions made.
- Seek to build an understanding of the profile of customers highlighted through the transaction monitoring alert process.
- Provide input to the maintenance of the departmental procedures.
- Provide advice and support to the Bank’s business units on the identification of areas of risk as a result of transaction monitoring trends. In carrying out its work, the FinCrime operation team is guided by the Financial Crime Risk Framework, which sets out the regulatory requirements and related legislation of anti-money laundering, anti-bribery and anti-corruption, anti-terrorism as well as economic sanctions.
- The Analyst is responsible for executing investigations to identify relationships that pose money laundering, terrorist financing, proliferation financing, and sanctions risks.
- The Analyst/Investigator compiles evidence and documentation in compliance with AML procedures and regulatory requirements prior to escalations of potential Suspicious Transaction Reports (STRs) to Money Laundering Reporting Officer (MLRO).
- Ensure efficient identification and monitoring of suspicious activities and transaction. Any other associated duties required from time to time to meet the departmental responsibilities and goals.
- Maintain a well-informed and all-inclusive knowledge of current money laundering and terrorist financing behaviors, issues, criminal typologies, industry best practices, regulations, and developing trends.
- Support implementation of an effective AML Transaction Monitoring (TM) alert analysis and suspicious activity investigations program to ensure compliance to relevant AML/Sanctions laws and regulations.
- Implement Transaction Monitoring techniques to support identification of risks around Money laundering, Terrorism Financing, Economic Sanctions, and Operational risks consistent with the bank’s group Enterprise Risk Management framework (EMRF) and Risk Management and Compliance Program (RMCP).
- Monitor potentially suspicious patterns of activity and recommend changes to rules, parameters, and thresholds maintained within the transaction monitoring system to ensure its continued effectiveness.
Read Also:
Technical skills / Competencies.- Bachelor's degree in business, finance, law enforcement, legal studies, or a related field; may be substituted with equivalent work experience in Financial Services, Law Enforcement, Banking, or a related field.1-2 years of Experience in AML and Financial Crime field.
- Proficiency in data analysis and the use of analytical tools
- Excellent communication and report-writing skills.
- Attention to detail and strong problem-solving abilities
- Understanding of the concept of process and risk management; and banking and auditing
- Strong aptitude for easy and quick learning.
- Interpersonal competencies – assertiveness, team player, oral/written communication.
- Able to communicate effectively with a culturally diverse agent and consumer base.
- Experience working with highly confidential information.
- Capable of sharing knowledge, mentoring, and training other team members.
- Strong sense of ownership and responsibility.
- Must be proficient in Microsoft Office.
Absa ValuesAbsa 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
- Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
Deadline: 2023-12-16.
Lead Generator
Lead Generator at ABSA Bank Limited December, 2023
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.
Absa Bank Tanzania Limited is one of the oldest banks in the country and among the first international bank to open its doors to Tanzania customers in 2000. The bank is committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value. Absa Tanzania serves over 60,000 customers through a network of 15 branches and more than 60 ATMs ,providing a variety of banking products and services including saving, current and deposit accounts, commercial lending, unsecured lending, treasury, investments, card acquiring, card business, etc. In addition to this, Absa provides specialized services to its clients in services such as Cash-in-Transit, partnership, premier & prestige banking, online banking, mortgage, ATM, and mobile banking.
Job Description
Absa ValuesAbsa 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:
Education
Head of Debt at ABSA Bank Limited December, 2023
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
Manage the Debt assets products at Absa Bank Tanzania Corporate Banking segment and lead all the activities required to grow the franchise in an effective manner, including appropriate pricing (RORWA) and structuring, focus on cross sell, and becoming the leading bank in Tanzania
Absa Bank Tanzania is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent through our purpose of ‘Empowering Africa’s tomorrow, together…one story at a time’. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 10 countries across the continent with around 42, 000 employees.
Absa Bank Tanzania Limited is one of the oldest banks in the country and among the first international bank to open its doors to Tanzania customers in 2000. The bank is committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value.Absa Tanzania serves over 60,000 customers through a network of 15 branches and more than 60 ATMs, providing a variety of banking products and services including saving, current and deposit accounts, commercial lending, unsecured lending, treasury, investments, card acquiring, card business, etc. In addition to this, Absa provides specialized services to its clients in services such as Cash-in-Transit, partnership, premier & prestige banking, online banking, mortgage, ATM, and mobile banking.
Business management (75%)
Technical Skills/ Competencies
Knowledge, Expertise and Experience
Preferred:
Absa ValuesAbsa 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:
Lead Generator at ABSA Bank Limited December, 2023
- locations Dodoma Branch - ABT
- time type Full time
- job requisition id R-15960270
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.
Read Also:
Absa Bank Tanzania is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent through our purpose of ‘Empowering Africa’s tomorrow, together…one story at a time’. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 10 countries across the continent with around 42, 000 employees.Absa Bank Tanzania Limited is one of the oldest banks in the country and among the first international bank to open its doors to Tanzania customers in 2000. The bank is committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value. Absa Tanzania serves over 60,000 customers through a network of 15 branches and more than 60 ATMs ,providing a variety of banking products and services including saving, current and deposit accounts, commercial lending, unsecured lending, treasury, investments, card acquiring, card business, etc. In addition to this, Absa provides specialized services to its clients in services such as Cash-in-Transit, partnership, premier & prestige banking, online banking, mortgage, ATM, and mobile banking.
Job Description
- Generate leads: Please contact your People Function business partner
Absa ValuesAbsa 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
- Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
Deadline: 2023-12-12.
Head of DebtHead of Debt at ABSA Bank Limited December, 2023
- locations Absa House - ABT
- time type Full time
- job requisition id R-15960476
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
Manage the Debt assets products at Absa Bank Tanzania Corporate Banking segment and lead all the activities required to grow the franchise in an effective manner, including appropriate pricing (RORWA) and structuring, focus on cross sell, and becoming the leading bank in Tanzania
Read Also:
Job DescriptionAbsa Bank Tanzania is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent through our purpose of ‘Empowering Africa’s tomorrow, together…one story at a time’. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 10 countries across the continent with around 42, 000 employees.
Absa Bank Tanzania Limited is one of the oldest banks in the country and among the first international bank to open its doors to Tanzania customers in 2000. The bank is committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value.Absa Tanzania serves over 60,000 customers through a network of 15 branches and more than 60 ATMs, providing a variety of banking products and services including saving, current and deposit accounts, commercial lending, unsecured lending, treasury, investments, card acquiring, card business, etc. In addition to this, Absa provides specialized services to its clients in services such as Cash-in-Transit, partnership, premier & prestige banking, online banking, mortgage, ATM, and mobile banking.
Business management (75%)
- ‘Own’ the Debt Balance sheet and P&L targets – along with the relationship managers and product teams
- Formulate overall strategy across coverage segments including products, customer proposition, lending approach.
- Assist Relationship Managers in originating and executing debt transactions across all teams.
- Originate, execute Debt and Investment Banking opportunities.
- Work with specialist product areas to offer clients a comprehensive and competitive package to meet their requirements.
- Ensure arrangements with key internal product partners operate in an efficient manner.
- Implement Debt Pricing Policy and ensure appropriate product and relationship pricing.
- Lead New Product Approval process for Debt products at a country level.
- Be fully aware and compliant with all governance issues affecting Debt financing and address these issues accordingly.
- Attend team meetings on a regular basis to maintain dialogue / sharing of information to ensure up to date knowledge of marketplace, business development activity / initiatives, competitors and people issue etc.
- Maintain an up-to-date Debt pipeline through Salesforce.
- Ensure monthly product revenue validation is conducted and pricing on debt products is done above minimum hurdle rates.
- Understand dynamics of Debt portfolio, identify opportunities as well as maintaining good credit quality of the portfolio through proactive monitoring and control.
- Identify and implement best practices across coverage segments.
- Ensure Mini ALCO is held, and pipeline deals crystallize to Balance Sheet
- Develop skills and knowledge, supporting Relationship Managers in country in understanding Debt products more comprehensively.
- Grow capabilities in country.
- Build collaborative network with Corporate Credit Director, Head of Credit, CCMs and other partners across the group.
- Ensure compliance with all relevant Absa policies.
- Establish and embed the values, behaviors and risk appetite that will under underpin the achievement of business objectives.
- Provide opportunities for learning and development for the country teams.
Read Also:
Risk and Control Objectives- Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture.
- Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
- Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
- Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
- Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
- All mandatory training completed to deadline All mandatory training completed to deadline.
Technical Skills/ Competencies
- Managing Relationships
- ‘Selling’, negotiating, and influencing skills.
- Business awareness and Business Development
- Strong Credit risk analysis skills
- Good teamwork skills
- Strong performance management skills
- Creative/ Innovative
- Good at Decision making.
- Strong formal presentation skills
Knowledge, Expertise and Experience
- Relevant knowledge and experience in banking specifically Corporate Banking Debt products
- Matured and results orientated.
- Intimate knowledge of competitor skills and competencies
- Demonstrated capacity to lead, coach, and supervise team members effectively.
- Visible excellent communication (written and verbal) and negotiation skills.
Preferred:
- Experience of working in a multinational, multi-segment, environment with matrix reporting.
- Banking and Financial services industry related knowledge
- Experience at a senior level, preferably in an international financial institution
Absa ValuesAbsa 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
Read Also:
Education- Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (Required)
Deadline: 2023-12-10.
