Job Summary
To ensure compliance by business with its obligations in terms of the Anti-Money Laundering (AML) and terrorist financing legislation/regulation and its employees with the provisions of the applicable laws and internal policies and rules.
To ensure adherence by Business with the Sanctions and Anti-Bribery and Corruption (ABC) Policy requirements.
To provide AML related training to the business.
Job Description
Implementation, embedment and oversight of AML, Sanctions and ABC
Provide guidance/support to the Anti-Money Laundering (AML), ABC and Sanctions functions within Business Units (BU) to ensure:
Full financial crime regulatory compliance.
The awareness of processes to report suspicious transaction reports.
There is a framework for managing the process for the escalation of dispensations / waivers to the Head of Financial Crime on behalf of a BU.
Assist the relevant BUs in the interpretation of policies and standards as required.
Monitor, by checking, that relevant BUs provide awareness and training programmes in respect of Money Laundering, Sanctions and Bribery & Corruption in accordance with the statutory requirements and report on completion of training.
Guide relevant BUs with regard to compliance with any AML; ABC or Sanctions related issues arising from regulation or policy.
Guide relevant BUs with regard to the remediation required following any form of assurance review conducted (i.e. Internal Audit, Financial Crime).
Participate with business when new products are being developed to ensure financial crime compliance. Provide Financial Crime input into the Africa NPA process.
Obtain and review of monthly financial crime reports from designated in country team members.
To design and implement ad hoc financial crime training to relevant BUs in line with the Absa Policy requirements.
Annual High-Risk Reviews
Ensure the relevant BUs understand the standard required to be performed, including the record retention requirements for Annual High-Risk Reviews.
Provide training to users on the standard compiled.
Track progress and completion of Annual High-Risk Reviews.
Conduct reviews on the High-Risk Reviews that have been performed.
Ensure the maintenance of the High-Risk database and provide reports as and when these are required.
Escalate to the Manager: Financial Crime BUSINESS, any missed deadlines in this regard.
Politically Exposed Persons
Ensure PEP register is complete and maintained by relevant BUs.
Provide advice on the PEP review standard to be used.
Assist in providing training to users on the standard compiled.
Conduct reviews on the PEP Reviews that have been performed.
Financial Crime Reporting
Test that relevant BUs maintain records relating to Dispensations, Waivers, Exceptions and Breaches log.
Compile the monthly KRI reports relating to BUSINESS.
Provide relevant, accurate and updated information on request or in terms of agreed timelines to be included in various stakeholder reports such as CRC, Combined Assurance, Exco.
Accountability: Stakeholder management
Build and maintain meaningful relationships the BUSINESS BUs with the aim of 3 understanding their business needs.
Ensure that updates/review/testing reports are discussed and submitted timeously to the relevant COO.
Apply consistent Financial Crime standards across BUSINESS.
Accountability: Policies and Procedures
Facilitate and embed policies, processes, and business requirements to ensure that risk is sufficiently mitigated in BUSINESS.
Act as point of reference for regulatory queries and breach, dispensation, and waiver requests.
Professional qualifications required:
Proven technical expertise in the field of Financial Crime and, ideally ABC.
Subject-matter expertise on the UK Bribery Act and US Foreign Corrupt Practices Act (FCPA).
8+ years working in Financial Services firm (or another highly regulated, complex, multi-national corporation) in a Compliance, Advisory, Risk or other control function.
CPA-K/ACCA
Certificate in Anti-Money Laundering Specialist (CAMS) / AML
Professional memberships applicable to the area of expertise i.e. ACAMS
Apply via :
absa.wd3.myworkdayjobs.com
