Specialist Aml Investigations

2 weeks ago

Johannesburg, Gauteng, South Africa Absa Bank Limited Full time
Bring your possibility to life Define your career with us

  • With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary

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

Job Description:

Accountability Operational Support and Coordination

  • Manage and perform detailed investigations relating to Anti Money Laundering from various sources
  • 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 appropriate stakeholders 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 type of investigation being conducted
  • Collate appropriate, accurate and reliable MI to effectively manage compliance risks
  • 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

  • Action all requests received in respect of Sections 27, 29, 32, 34 and 35 of the Financial Intelligence Centre (FIC) Act
  • Analyse 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.
  • 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
  • Provide appropriate information to management on a daily, weekly and monthly basis by collating appropriate, accurate and reliable MI to effectively manage compliance risks

Accountability:
Stakeholder Management

  • Support the Regional AML Manager by ensuring the effective coordination of information on a continuous basis
  • Build and maintain meaningful relationships with incountry Financial Crime teams (for example MLRO's and HOC) with the aim of understanding their needs
  • Implement established escalation processes for significant issues and concerns raised so as to manage the culture of "no surprises"
  • 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
  • Discuss emerging or current issues with local and incountry teams and escalate or resolve these issues where possible
Education and Experience Required

  • Legal or Governance, Risk management, Investigations or Compliance qualifications
  • Minimum of 3 years' experience, preferably in Trade Based Money Laundering/ AML/ Compliance/ Investigations and a combination of banking

Knowledge & Skills:
(Maximum of 6)

  • Specialist knowledge of Trade Based Money Laundering Investigations
  • Specialist knowledge of AML Policies and procedures
  • Experience in AML or Forensic investigations
  • Strong working knowledge of relevant operational areas which interface with this role
  • Experience of working in a multinational, multisegment, environment with matrix reporting. Awareness of cultural differences and varying legal/regulatory environments
  • Innovative thinking
  • Relationship building
  • Communication skills

Competencies:
(Maximum of 8 competencies)

  • Leadership
  • Planning and organizing
  • Quality orientated
  • Problem solving and analysis
  • Oral communication skills
  • Strategic insight
  • Interpersonal sensitivity
  • Action orientation
  • Flexibility
  • Resilience
  • Results focused
  • Self confidence
  • Relating and networking
  • Adapting and responding to change

Special work requirements:

  • Minimal travel may be required on an ad hoc basis. Extended working hours will be expected
Most complex decision that can be taken without referral to the manager:

  • Making a decision around an AML issue related to business, assessing how material is the issue, as well as managing the impact of t

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