Specialist: Forensics - Johannesburg, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

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 provide advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist anti-money laundering expertise.

Job Description:

A key requirement of the role is to build out a robust, firm-wide capability to enable a data driven approach to managing risk and which also drives a top class analytics and intelligence capability to enhance and strengthen the firm's management of financial crime and terrorist financing.

The key specific accountabilities of this role would be the following:

Being actively involved in delivering a robust FIU capability which meets the requirements and expectations of all regulatory stakeholders.
Being actively involved in the development of intelligence products that are both strategic and operational in nature.
Taking the outcomes from intelligence led investigations and ensuring these are embedded in the business.
Working closely with analytics in the development of a data acquisition strategy and deployment of supporting toolsets.
Actively seek to enhance the profile of the FCIU by adding value to business in regular engagements.

Accountability Operational Support and Coordination

Manage and perform detailed investigations from various sources with a view to put context to data, trends and indicators.
Assess all data, trends and indicators and escalate all issues of a significant nature to the appropriate stakeholders on a timely basis through interactions and submission of reports (content presentation, accuracy, quality and completeness are important).
Be able to identify relevant legal, reputational, concentration, regulatory and creditrisks and to verbalise same in an appropriate manner to enable the relevant business unit to manage its clientrelationships accordingly.
Capture appropriate, accurate and reliable data on the relevant case management system to allow effective MI being communicated.
Evaluate and add value to information received from internal

- and external-stakeholders with the objective of turning the information into intelligence, thereby enhancing the profile of the FCIU and improving the unit's value proposition.

Make meaningful and appropriate recommendations in any communications/reports/interactions becoming a relevant trusted advisor and business enabler.

Accountability:
Monitoring

Utilise the rich sources of Customer, Transactional and Geospatial data to develop flexible rule based profiling models to monitor and detect ongoing Financial Crime red flags.
Be actively involved in the delivery of the next generation of analytics based monitoring capabilities through the development of statistical based detection models.
Monitor media publications to detect customers that are linked to adverse media and would pose a legal, reputational, concentration, regulatory or a creditrisk to the firm.

Accountability:
Stakeholder Management

Be actively involved in engagement with key stakeholders to ensure effective partnership both internally and externally.
Provide guidance to the Business as a consequence of outcomes and outputs from intelligence driven activity.
Lead by example, appreciates their role in providing guidance and education and training to others.
Able to clearly navigate and articulate the importance of the FC Control Environment to the business that is as a consequence of intelligence activity, whether internally or externally driven.
Able to educate colleagues and skillfully provide simple explanations, real world case studies.
Able to effectively present/ facilitate FC training if required.
Embraces change and sponsors improvements as a consequence of the outputs of intelligence led or driven activity.

Technology & Change