Junior Specialist: Risk at Absa Group Limited (Absa)

Job Summary

• To provide specialist advice and support in area of specialisation enabling the effective implementation of risk frameworks.

Job Description

To take responsibility and to perform reviews of customers to identify and substantiate any potential financial crime risks or concerns.

• Accountability:  Operational Support and Coordination
• Perform reviews relating to financial crime risks by ensuring that the required SLA is achieved and take appropriate action to ensure that these timelines are met
• Obtain all relevant information and documentation related to a review. Scrutinise / analyse this information and documentation and make meaningful observations / conclusions regarding the findings.
• Assess all findings to establish trends and escalate all issues of a significant nature to the Customer Review 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 review is of high quality, accurate, value adding conclusion, for the relevant review by conducting quality assurance/review (where applicable) on closed no-risk reviews.
• Evaluate and challenge information received from the local and in country teams with the objective of achieving continuous improvement in compliance and financial crime risk detection.
• Make meaningful recommendations for the various types of reviews. This will include but is not limited to system / people / process failures.
• Inform management of any suggestions or proposals to enhance review methodologies.
• Inform management immediately of any new trends which have been identified during reviews for further escalation to stakeholders.

Accountability: Reporting and Governance

• Review and assess customers to determine whether there are any potential financial crime risks that should be escalated to the Financial Crime Intelligence Unit.
• Report and escalate all financial crime or compliance risks and issues arising from businesses promptly and appropriately in accordance with Absa Group and local legal and regulatory requirements.
• Inform management regarding financial crime risk and compliance matters.
• Respond promptly to information requests from the Country MLRO’s and other stakeholders.

Accountability:  Stakeholder Management

• Support the Customer Review Team Leader and Customer Review Manager by ensuring the effective coordination of information on a continuous basis.
• Build and maintain meaningful relationships with Group and 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 ethics.

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)