Analyst: Customer Monitoring at Absa South Africa

Job Summary

• Manage and perform detailed investigations relating to Anti Money Laundering from various sources including automated transaction monitoring alerts.

Job Description

• Obtain all relevant evidence related to an investigation. Scrutinize/ analyze 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 timeously basis.
• Ensure that each investigation is of high quality, accurate, value adding conclusion, for the type of investigation being conducted.
• Collate appropriate, accurate and dependable MI to effectively manage compliance risks.
• Evaluate and challenge information received from the local and in country teams with the objective of achieving continuous improvements 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.
• Action requests received in respect of sections 27, 29, 32, 34 and 35 of the Financial Intelligence Centre (FIC) Act.
• Analyze 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.

Additional Job Description

• Respond promptly to information requests from the Regional MLRO, Country MRLO’s and Financial Crime Units.

Education

• Bachelor`s Degrees and Advanced Diplomas: Law, Military Science and Security (Required)