Transaction Monitoring Aml Investigator

Empowering Africa’s tomorrow, together one story at a time.
- 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 provide specialist advice and support in area of specialisation enabling the provision of effective fraud risk management services.

Job Description
- Manage and perform detailed investigations relating to Anti Money Laundering from various sources obtain all relevant evidence related to an investigation.
- Scrutinise / analyse 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 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.
- Generate insights from alerts, suspicious transaction reports (“STR”), suspicious activity reports (“SAR”), etc. to inform and improve data-led decision making.
- Generate insights from alerts, STRs, Cash Threshold Report (“CTR”), International Funds Transfer Report (“IFTR”), etc. to inform and improve data-led decision making related to non-automated controls to detect suspicious transactions/activity.
- Generate insights from alerts, STRs, etc. that are meaningfully used to improve the quality of automated alerts and ERAs, as well as alert investigations.
- Maintain 100% SLA adherence by ensuring that all STRs/SARs are reported as per the applicable country SLA requirements.
- Contribute towards material and tangible improvements in efficiencies within the SA Automated team.
- Maintain high quality investigation reports, as well as other internal or external reports.
- Adheres to all applicable internal policies, procedures, etc., in particular the Group Customer Monitoring Procedure Manual.

Education and Experience Required
- Legal or Governance, Risk management, Investigations or Compliance qualifications or Degree in Financial Crime Compliance or equivalent.
- Minimum of 3 years’ experience, preferably in AML/ Compliance/ Investigations and a combination of banking background.

AML/ Compliance/ Investigations and a combination of banking
- Specialist knowledge of AML Policies and procedures
- Experience in AML or Forensic investigations
- Internet. Good understanding of the banking products and services
- Strong working knowledge of relevant operational areas which interface with this
- role
- Experience of working in a multinational, multi-segment, 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
- Data centric
- Flexibility
- Resilience
- Results focused
- Self confidence
- Relating and networking
- Adapting and responding to change

Education

Bachelor's Degrees and Advanced Diplomas: Law, Military Science and Security (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_