Senior manager: Financial Crime Intelligence Unit at Absa Group Limited (Absa)

Job Summary

• To provide advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist forensic expertise.

Job Description

• Stakeholder Management: To provide effective and timeous management of all legal and or recovery case referrals/queries by providing sound advices and opinions and drafting proper documents with oversight by Group Litigation.
• Establish and implement recovery process optimisation by reviewing current processes, identifying gaps and recommending action to close these gaps.
• Formulate and implement a stakeholder engagement plan to be reviewed annually to ensure value added service delivery. Implementation of a reliable
• Recovery Threshold that is applicable to SA and RoA Forensics i.e. Top 10 Recoverable Gross Losses and 50% of the Total Value Gross Fraud Losses as a fall back
• Process Management: Develop a Recovery Strategy to maximise recoveries and minimise losses within the Absa Africa United countries that make up AGL.
• Improving or implementing procedures to improve recovery and or operational processes to make the reporting of financial impact more efficient.
• Establishment of a Recovery Portfolio, through the effective management and tracking of recovery actions of the Top 10 Gross
• Value Frauds month on month, to minimize losses and maximize recoveries on fraud losses.
• People Management: Build a support relationship with Investigators and relevant business stakeholders and provide guidance on legal, recovery and financial impact queries.
• Holding a Recovery Steerco with relevant stakeholders to cohesively manage and drive recoveries and obtain monthly updates via the Recovery Tracker and Action Log.
• Meet with key business stakeholders in Africa to gain an understanding of the legislative landscape and leverage on expertise in country.
• Financial: Present monthly Recovery Dashboard/Deck to Manco and Forensics which focuses on recoveries on the Top 10 Gross Losses MOM.
• Identification of the Top 10 Gross Losses via CIES reporting, the evaluation of the events from a recoveries perspective at a Recovery Meeting by the Recovery Team, and the cohesive management and driving of recovery actions at the Recoveries or Work Group Steerco by updating the Recovery Tracker and Action Log.
• Enhancing financial impact on CIES and providing training when required do so.

Education

• Bachelor`s Degrees and Advanced Diplomas: Law (Required)