AML Special Investigations at Absa

Job Summary

• To take responsibility and to perform investigations to substantiate any money laundering concerns.

Job Description

Accountability:  Operational Support and Coordination

• Manage investigations relating to Anti Money Laundering  by ensuring that the required SLA is achieved and take appropriate action to ensure that these timelines are met
• Obtain all relevant evidence related to an investigation. Scrutinise / analyse this evidences 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 TM Team Leader 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 relevant investigation by conducting quality assurance/review (where applicable) on closed and reported alerts
• Evaluate and challenge information received from the local and in country teams with the objective of achieving continuous improvement in compliance
• 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

Accountability: Reporting and Governance

• Analyse ARO alerts in order to determine whether a suspicious and unusual transaction report should be submitted for 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
• Inform management regarding AML compliance matters which may pose financial or reputational risks for the business
• Respond promptly to information requests from the Regional MLRO, Country MLRO’s and  Financial Crime Units

Accountability:  Stakeholder Management

• Support the TM  Manager by ensuring the effective coordination of information on a continuous basis
• Build and maintain meaningful relationships with in-country Financial Crime teams
• 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 eth+ics

Education

• Bachelor`s Degrees and Advanced Diplomas: Risk Management (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