Specialist Financial Crime
Apply remote type: Hybrid
locations: Johannesburg
time type: Full time
posted on: Posted Yesterday
time left to apply: End Date: November 1, 2024 (5 days left to apply)
job requisition id: R-15968776
Empowering Africa’s tomorrow, together…one story at a time.
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.
Job Summary
To provide support on all key financial crime matters related to the EB 1LOD Financial Crime function. In specific operational support and coordination for Onboarding and Exits investigations with specialist advice to substantiate any money laundering, financial and reputational concerns. Maintain a formal monthly and quarterly reporting cadence, across required governance and reporting forums. Financial Crime Activity Support across lines of defense. Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal AGL Policies and Policy Standards. Understand and manage risks relevant to the role.
Job Description
Key Accountabilities:
Operational Support, and Coordination Onboarding and Exits (Weighting 60%)
- As entry point and operational support on all Retail Onboarding and Exit investigations, manage workflow, hand-offs across multiple stakeholders and perform detailed check-and-challenge reviews on all relevant investigations relating to financial crime and reputational risks.
- Apply all relevant available sources and tools e.g., Google, IMSP, STRs, etc. as part of the reviews/investigations.
- Coordinate end-to-end review outcomes, by obtaining all relevant evidence related to an investigation.
- Scrutinize and analyze all evidence made available and make meaningful observations or conclusions regarding the findings. This will include, but is not limited to, system / people, / process failures.
- Assess all findings in order to establish trends and escalate all issues of a significant nature to the appropriate stakeholders and line manager, on a timely basis (as and when these occur) or as identified through various meetings and stakeholder engagements.
- Ensure that each investigation is of high quality, accurate, and value-adding conclusion for the type of investigation being conducted.
- Inform management of any suggestions or proposals to enhance investigative methodologies, i.e. to ensure an ongoing focus on efficiencies and continual improvement.
- Inform management immediately of any new trends that have been identified during investigations for further escalation via available governance rails.
- Collate appropriate, accurate, and reliable MI to effectively manage compliance risks.
Governance & Reporting (Weighting 30%)
Financial Crime Activity Support across lines of defense (Weighting 10%)
- Support the EB 1LOD financial crime function by initiating, coordinating and collating monthly or quarterly inputs across EB Product houses, Channels and relevant key stakeholders.
- Meet monthly deadlines / communicated timelines by ensuring that the BU’s financial crime reporting on the KRI system is in line with Financial Crime & Compliance (FCC) requirements.
- Maintain a consolidated view across all relevant core capabilities, compliancy levels and activities to provide a comprehensive view through monthly financial crime reporting.
- Report and escalate all AML compliance risks and issues arising from businesses promptly and appropriately in accordance with group and local legal and regulatory requirements.
- Respond within a reasonable timeframe to information and support requests from BU, functions or line of defense stakeholders.
- Provide appropriate information to management on a daily, weekly, and monthly basis by collating appropriate, accurate, and reliable MI to substantiate or inform key matters.
- Committee / meeting packs and reports to be accurate, at the required quality and completeness.
- Function as formal back-up to line manager for all relevant systems and segregated duties.
- On an intermitted basis, conduct relevant analysis on topical issues across AML, Sanctions and ABC landscape, informing required positions or decisions.
- Provide inputs and execution of quality control and process improvements.
- Constantly review, improve, and maintain own activities to enhance the effectiveness and efficiency of relevant processes;
- Recommend areas for improvement to reduce cycle times;
- Assist in the implementation of new and/or enhanced processes;
- Maintain awareness of own activities and the impact thereof on related / interdependent activities.
- On an ad hoc basis, provide input, support and assessments on changes in the financial crime landscape which may impact EB financial crime posture.
- Support the EB Financial Crime 1LOD function by ensuring the effective coordination of information on a continuous basis.
Role/Person Specification
Knowledge and Skills
- Written communication skills
- Report writing skills and ability to summaries and highlight key points
- Intermediate MS Excel skills
- Intermediate MS PowerPoint skills
- Strong Analytical skills
- Stakeholder Management
- Networking, planning and organizing
- Appreciation of risk
- Keep abreast with regulatory changes which may affect the EB landscape
Education and Experience
- A good understanding of Anti-Money Laundering (AML) Sanctions and Anti-bribery and Corruption (ABC)
- Approximately 1 to 3 years’ experience in financial crime field.
- Further education / Advanced Diplomas in financial crime or risk management studies
Competencies
- Deciding and initiating action within ambit of responsibility
- Problem solving within ambit of responsibility.
- Relating and networking
- Adapting and responding to change.
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised.
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