Senior Manager: Risk - 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

Manage a team of Team Leaders and Analysts in the Intelligence & Surveillance area in support of the Head: Customer Monitoring and Review to ensure that customer reviews are performed in accordance with local legislation, policy and standards requirements.

Job Description:

Accountability:
Oversight, Operational Support and Coordination

Ensure that appropriate Customer Review ("CR")

Standards are compiled and approved by the Head:
Customer Monitoring and Review. The CR standards are to be compiled by considering the AGL AML Policy, FATF guidance and other relevant information.

Ensure that the CR Standards are implemented and complied with by way of oversight of the appropriate management information reports (daily and monthly) as well as quality assurance reports (monthly).
Ensure that appropriate processes are designed and implemented to oversee the daily distribution of CR alerts for review by the CR Analysts.
Ensure that daily monitoring is performed on the status of all CR alerts to comply with any regulatory or AGL policy timeframes.
Ensure that appropriate processes and controls are designed and implemented so that all CR alerts are reviewed and approved by the respective team leaders.
Ensure that appropriate processes and controls are designed and implemented to comply with all regulatory requests and instructions.
Ensure that sufficient resources/capacity exists within the team to comply with the standards, processes and reporting timeframes pertaining to CR.
Ensure that an annual leave programme for team leaders and team members are compiled and that sufficient capacity exists during the peaks and valley periods.
Document, socialise, agree and contract PD objectives for the team leaders and ensure that all analysts have contracted PD objectives.
Document and agree development plans, talent profiles, and retention plans for Team Leaders and ensure that the same exists for all Analysts.
Ensure that all compulsory training is completed timeously by Team Leaders and Analysts.

Accountability:
Reporting
and Governance

Conduct comparative analysis of review statistics to assess whether the processes and reporting systems are efficient and operate optimally. Propose updates, revisions or changes as and when detected.
Report and escalate all CR risks and issues arising from the businesses promptly and appropriately.
Inform the Head: Customer Monitoring and Review with regards to all CR risks that pose financial or reputational risks for the business.
Ensure that all daily, weekly and monthly CR related reporting is provided to the Head: Customer Monitoring and Review.
Ensure that comprehensive action plans are developed and agreed with regards to problematic matters as confirmed by the reporting.
Ensure that all CR Assurance and or Internal Audit findings and issues are tracked and closed within the agreed due dates.
Attend all CR related governance forums and provide valuable input, guidance and problem resolution.
Ensure the timeous, complete and accurate reporting of all KRI/KRO information on a monthly basis.

Accountability:
Personal and team up skilling and development

Stay abreast of all new developments in the field of expertise and execute on own development as defined in the development plan compiled by the Head: Customer Monitoring and Review.
Take decisions and lead the team in respect of the recruitment of staff and HR related matters pertaining to the area under control.
Ensure that an appropriate training programme is designed and approved by the Head: Customer Monitoring and Review and that all newly appointed Team Leaders and Analysts are trained in AGL's policies and procedures that are relevant to transaction monitoring.
Contract and monitor job specific training and development of team leaders and analysts to enable continuous development.
Provide guidance to all analysts with regard to complex reviews.
Participate in the development, distribution and regular review of training material and processes related to Financial Crime Compliance.
Engage team members and peers in team building initiatives to nurture a cooperative one team ethos within Intelligence & Surveillance.

Accountability:
Reporting

Ensure timeous completion and delivery of statistics to the Line Manager for the consolidation of reports.
Document new trends and typologies related to Money Laundering to ensure growth and development of team members and promote the awareness.
Supervise and/or execute all ad hoc requests from Management that are related to Suspicious Transaction Reporting and Politically Expos