Absa Group Limited Jobs
Absa Group Limited Jobs In Tanzania 2023
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
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility..
Job Summary
Create delivery plans and tactical strategies, establish related practices, and make sure that they are operationally implemented and adjusted to meet governance and delivery goals.
Job Description
As this role has no designated corporate grade, there is no role profile available: It is not appropriate to establish new positions using this role. Please get in touch with the People Function to amend records in cases when this role is being used for an open post. | Business Support:: Ensure professional, helpful, and commercially sound guidance and support for assigned regulatory requirements, always taking into account potential alternatives within the bounds of the applicable rules and regulations, and making an effort to find solutions to ensure compliance as well as the continuation of business.
Education
Business, commerce, and management studies bachelor’s degrees and advanced diplomas (Required)
Post Write Off Recoveries Officer at Absa Group Limited
Bring your possibility to life! Define your career with us
A career with our family offers the chance to be a part of this exciting growth adventure, to reset our future, and to create our destiny as a proudly African organization. We have over 100 years of rich history and are solidly positioned as a local bank with regional and worldwide expertise.
Portal for my Career Development: We are here for you no matter where you are in your career. Create your own future. Find cutting-edge advice, resources, and assistance to maximize your potential. It’s you, Absa. You are a potential. (Absa Group Limited)
Job Summary
Only to be utilized for junior level non-payroll positions is the general contract worker role.
Job Description
No role profile available as this role has no assigned corporate grade:
Financial Crime Surveillance & Assurance Manager at Absa Group Limited
Bring your idea to fruition! Create a career with us.
A career with our family offers the chance to be a part of this exciting growth adventure, to reset our future, and to create our destiny as a proudly African organization. We have over 100 years of rich history and are solidly positioned as a local bank with regional and worldwide expertise.
Portal for my Career Development: We are here for you no matter where you are in your career. Create your own future. Find cutting-edge advice, resources, and assistance to maximize your potential. It’s you, Absa. You are a potential.
Job Summary
Job Purpose
To assist the nation’s MLRO in putting in place a strong financial crime regime.
• Put into practice the AML compliance procedures and methods outlined in the enterprise risk management framework (EMRF) and risk management and compliance program for the group (RMCP).
• Ensure that all operations are conducted in strict accordance with legal mandates as well as internal Absa Policies and Policy standards. (Absa Group Limited)
• Lead the implementation of the annual ABSA rules improvement/tuning on the Transaction monitoring.
• Recognize and control risk events (incidents) related to financial crime that are relevant to the function.
• Implement strict KYC requirements that are appropriate for the nation’s particular circumstances.
• Manage and carry out monitoring tasks in line with the Financial Crime Monitoring plan and any applicable policies, processes, and standards of excellence.
• Assist the nation’s MLRO in delivering initiatives addressing the dangers of financial crime.
· Keep track of suspicious warnings raised to MLRO, and conduct more research to rule out or confirm whether they are STR to be reported to the regulator. (Absa Group Limited)
• To carry out Risk Management and Compliance Program (RMCP)-related tasks, such as policy/standards evaluations and localization, as well as trainings on all topics relating to Financial Crime
• Champion all evaluations, assurances, and audits related to FinCrime compliance in collaboration with AIA, Ops Risk Team, FCAT, and Central Bank.
• Assist MLRO in creating action plans based on the results of FinCrime reviews and track their implementation.
Job Description
Main accountabilities
Functional Management: 80%
- Timely and efficient SAR reporting
- Execute quality assurance procedures on the finished reviews, including PEP/HRR/Medium/Low-risk relationships, manual triggers, warnings for Suspicious Transactions closed by Analyst in accordance with TM standards, etc.
- Address every problem found during AIA audits, perform quality assurance on AML, keep an eye on the completion of corrective actions, and update the line manager on your progress.
- Effective and prompt reporting of KYC/AML and sanctions MI, discounting alerts, and any additional relevant activities as assigned by the Country MLRO
- Assist the company fully with all AML, sanctions, and KYC-related questions.
- Conduct a volume/value study to identify the proper thresholds for monitoring suspicious transaction alerts. (Absa Group Limited)
- Encourage the MLRO to lead the business in implementing the Risk Based Approach (RBA).
- Help the company create proper customer profiles and aid them in knowing the RBA to AML compliance.
- Create action plans based on the results of reviews of suspicious transactions, then keep an eye on their execution.
- Support in conducting yearly reviews of the thresholds for questionable transactions set for each category of business. (Absa Group Limited)
- Obtain annual coverage plans for KYC, AML, and sanctions, monitor their status on a regular basis, and notify the MLRO or head of compliance of any deviations.
- Support for Electronic Fund Transfers (EFT) and Cash Transaction Reports (CTR) (EFTs)
- By compiling pertinent, accurate, and trustworthy MI, you may give the line manager the knowledge they need to manage compliance risks associated with FinCrime reviews.
- In order to continuously improve AML compliance, evaluate and question the information you get from the firm.
- Rule optimisation and tuning
- Assistance in performing the AML/CFT risk assessment as required by the AML rules
- Assistance with prudential AML/CFT submissions
- Assistance in responding to numerous demands from authorities who are qualified
- Provide assistance to companies in obtaining Financial Crime NAPA clearances.
Business Coordination: 10%
- Develop a positive working relationship with the business team to guarantee the accomplishment of corporate objectives.
- Compile and create a consolidated AML compliance report, as well as any other mandatory reports, by the deadlines specified, and submit them to the MLRO.
- In accordance with Group and regional legal and regulatory requirements, promptly and correctly report and escalate all AML compliance risks and concerns resulting from the Tanzania business.
- To the MLRO, report any deviations.
- Keep the MLRO up to date on compliance issues that could endanger the company’s finances or reputation.
- By gathering pertinent, accurate, and dependable information, you may help the successful management of compliance risks by providing pertinent information on a daily, weekly, and monthly basis.
Risk and Control Objective: 10%
- Act as the crisis coordinator and assign duties to the crisis teams in the event of serious problems in the business unit.
- Regularly review the business unit’s risk and compliance profiles, and as necessary, offer the business consulting advice on changes that need to be made to better balance risk and reward.
- Follow all relevant Absa rules and procedures, using good judgment and reasonable risk management.
- Keep abreast of all regulatory developments, be able to explain how they will affect the business, and be knowledgeable about what the market is thinking.
- Completed all required training before the deadline.
Technical skills / Competencies
Competencies:
Analytical
Organizing and planning
Interpersonal sensitivity and leadership
Action- and result-oriented
Resilience
Knowledge, Expertise and Experience
Essential
Advanced knowledge of the local and group Fincrime Policies, Standards and procedures
Preferred
- Excellent MS Office skills, experience with figures, and MIS
- proficiency in producing training materials and instruction/procedure manuals
- a high degree of coordination
High standards, quality, and controls
- Develops standards now in anticipation of future need
Service Excellence
- Consistently praised by clients for the caliber of the services offered
Technical Skills and Knowledge
- Comprehensive understanding of the functional areas, products, and services offered
Communication / Influence
- Uses a range of communication techniques, but manages to convey complicated ideas simply
Absa Values
The set of principles that guide the actions of every employee at the bank and serve as the benchmarks for measuring and rewarding success are known as Absa’s Values and Behaviours:
- I push myself to do well in order to get long-lasting effects.
- Customer obsession consumes me
- My heartbeat is African.
- I think our employees are our greatest asset.
Education
Business, commerce, and management studies higher diplomas (Required)
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