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

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.
• Use existing data to enrich management information for the application of proactive, risk-lead decision-making.
• 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
• Advanced users of Microsoft Office, particularly Excel, Word, Outlook email,
• 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

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised