Consultant Legal Operations - Cape Town at Absa Group Limited (Absa)

Job Summary

• Performing core financial crime operational procedures for High Risk and PEP customers focusing on specific customer due diligence, Customer Screening, Onboarding, Ongoing Reviews and Customer Exits in compliance with the Anti-Money Laundering Customer Due Diligence Standard (CDD) and ABSA AML policies

Job Description

Accountability:  Service Delivery

• Applying the Anti-Money Laundering Customer Due Diligence standard (CDD) together with the Anti-Money Laundering Life Cycle Standard (CLS), PEP Standard and all other ABSA policies in support of AML to daily operational procedures.
• Develop an in-depth knowledge and understanding of the AML CDD Standards and Financial Crime Operations Processes.
• Focusing the work on key regulations and risks, with minimum supervision.
• Delivering a high standard of work by keeping up-to-date on financial crime regulatory related issues across a range of topics by awareness of current regulatory / process changes through attendance at training sessions and research.
• Ensure productivity and quality targets are met.
• Provide guidance to team members and peers by sharing best practice.

Accountability:  Control and Compliance

• All mandatory training completed to deadline and understood within given timescales.
• Where applicable, all key risks identified, tracked, logged and managed as per the Risk Framework procedures
• Where applicable, all risk events (incidents) or control failures to be escalated, investigated, reported and fixed at root cause to prevent re-occurrence.

Accountability:  Reporting

• Keep track of and manage own daily targets by ensuring awareness of own daily, weekly and monthly targets
• Prepare monthly Performance Development (PD) plan to monitor progress and if there is any development required as per PD contract, which needs to be escalated to the manager / team leader

Accountability: Self Development

• Maintain and continuously look for opportunity to develop skills and knowledge base
• Initiate training and development on a quarterly bases for own personal development purposes

Education and Experience Required

• Matric
• Minimum 4 months Experience working within AML compliance, High Risk and PEP Customer Due Diligence/Financial Crime processes
• B Comm (Assurance), LLB : Advantage

Knowledge & Skills:

• Strong ABSA systems working knowledge
• Sound knowledge and proficiency in the ABSA Electronic Sales Platform (ESP)
• Sound knowledge and proficiency in the Global online PEP register (GOR)
• Demonstrated experience/background in High Risk and PEP customer enhanced due diligence.
• Sound knowledge of the AML CDD and PEP ABSA standards and FICA regulatory requirements.
• Strong IT literacy with good knowledge of MS Office (Word, Excel, PowerPoint and Outlook)

Competencies & Personal skills:  

• Abiblity to communicate clearly and effectively in many mediums
• Deciding and initiating action
• Expand knowledge and explore new ways of doing things
• Motivated for problem solving
• Flexibility and responding to change
• Working under Pressure

Education

• Higher Diplomas: Law, Military Science and Security (Required)