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 take responsibility and to perform investigations to substantiate any money laundering concerns.
Job Description

Key accountabilities:

• Data collection and analysis for effective investigation
• Be client centric
• Manage and perform detailed investigations relating to Anti Money Laundering from various sources
• Ensure that all investigations are conducted to such a standard that they are fully compliant with regulatory requirements, as well as all internal Absa Policies and Policy Standards.
• Obtain all relevant evidence related to an investigation. Scrutinise / analyse this evidence and make meaningful observations / conclusions regarding the findings
• Assess all findings in order to establish trends and escalate all issues of a significant nature to the appropriate stakeholders on a timely basis (as and when these occur) and through various meetings and reports (content presentation, accuracy, quality and completeness are important)
• Ensure that each investigation is of high quality, accurate, value adding conclusion, for the type of investigation being conducted
• Meet investigation timelines as per the 90-day SLA in line with the prioritization matrix guidelines
• Ensure that investigations that are referred by internal and external stakeholders are completed within applicable timelines and feedback is provided timeously.
• Ensure adherence to defined Financial Crime Special Investigation Unit process guidelines and procedure manuals including filing of STR/SAR’s within SLA, submission of governance packs within defined timelines).
• Make meaningful recommendations for the various types of investigations. This will include, but is not limited to system / people / process failures
• Inform management of any suggestions or proposals to enhance investigative methodologies
• Inform management immediately of any new trends which have been identified during investigations for further escalation to stakeholders and or feeding into the Eco-system forum

Accountability: Reporting and Governance

• Action all requests received in respect of internal and external stakeholder i.e., Sections 27, 29, 32, 34 and 35 of the Financial Intelligence Centre (FIC) Act, Fraud Solutions, CIB, Law enforcement etc.
• Analyse alerts in order to determine whether a suspicious and unusual transaction report should be submitted to the FIC in terms of the Financial Intelligence Centre Act.
• 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
• Inform management regarding AML compliance matters which may pose financial or reputational risks for the business
• Provide appropriate information to management on a daily, weekly and monthly basis by collating appropriate, accurate and reliable MI.
• Be able to identify risks, strategies and closing systematic gaps and reporting this to management

Accountability: Stakeholder Management

• Identify, understanding and responding to internal stakeholder all matter within our scope of investigation
• Collecting data to effectively produce write ups such as position papers, investigation presentation slides etc, to be delivered to business, senior leadership, governance structures
• Be able to identify risks and systematic gaps, emerging trends and risk as well as identifying remediation strategies
• Be able to identify, understand and respond to external stakeholder risk mitigation strategies. i.e., Management Business, Support the Senior Manager by ensuring effective coordination of information on a continuous basis
• Build and maintain meaningful relationships with Internal (Financial Crime teams, Senior Leadership and Business) and External (SARB, FIC, SIU, SABRIC SAMLIT) stakeholders with the aim of understanding and responding to their needs
• Implement established escalation processes for significant issues and concerns raised so as to manage the culture of “no surprises”
• Maintain professionalism in all verbal and written communication with stakeholders. The professionalism requirement also extends to personal appearance as well as adherence to acceptable business ethics
• Discuss emerging or current issues with local and in-country teams and escalate or resolve these issues where possible

Preferred Education

• NQF Level 7: Bachelor’s Degrees, Advanced Diplomas, and Bachelor of Technology degrees.
• Legal or Governance, Risk management, Investigations or Compliance qualifications

Preferred Experience

• Minimum of 3 years’ experience, preferably in AML/ Compliance/ Investigations and a combination of banking

Knowledge and Skills

• Specialist knowledge of AML Policies and procedures
• Experience in AML or Forensic investigations
• Advanced user of Microsoft Office, particularly Excel, Word, Outlook email, Internet. Good understanding of the banking products and services
• Strong working knowledge of relevant operational areas which interface with this role
• Experience of working in a multinational, multi-segment, environment with matrix reporting. Awareness of cultural differences and varying legal/regulatory environments

Education
Bachelor`s Degrees and Advanced Diplomas: Law, Military Science and Security (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 advertise

Accountability: Reporting and Governance

• Action all requests received in respect of internal and external stakeholder i.e., Sections 27, 29, 32, 34 and 35 of the Financial Intelligence Centre (FIC) Act, Fraud Solutions, CIB, Law enforcement etc.
• Analyse alerts in order to determine whether a suspicious and unusual transaction report should be submitted to the FIC in terms of the Financial Intelligence Centre Act.
• 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
• Inform management regarding AML compliance matters which may pose financial or reputational risks for the business
• Provide appropriate information to management on a daily, weekly and monthly basis by collating appropriate, accurate and reliable MI.
• Be able to identify risks, strategies and closing systematic gaps and reporting this to managemen

Accountability: Stakeholder Management

• Identify, understanding and responding to internal stakeholder all matter within our scope of investigation
• Collecting data to effectively produce write ups such as position papers, investigation presentation slides etc, to be delivered to business, senior leadership, governance structures
• Be able to identify risks and systematic gaps, emerging trends and risk as well as identifying remediation strategies
• Be able to identify, understand and respond to external stakeholder risk mitigation strategies. i.e., Management Business, Support the Senior Manager by ensuring effective coordination of information on a continuous basis
• Build and maintain meaningful relationships with Internal (Financial Crime teams, Senior Leadership and Business) and External (SARB, FIC, SIU, SABRIC SAMLIT) stakeholders with the aim of understanding and responding to their needs
• Implement established escalation processes for significant issues and concerns raised so as to manage the culture of “no surprises”
• Maintain professionalism in all verbal and written communication with stakeholders. The professionalism requirement also extends to personal appearance as well as adherence to acceptable business ethics
• Discuss emerging or current issues with local and in-country teams and escalate or resolve these issues where possibl