Wednesday, April 12, 2023

Financial Crime Surveillance & Assurance Manager at ABSA Bank Limited Tanzania

  AjiraLeo Tanzania       Wednesday, April 12, 2023
ABSA Group Limited
Jobs in Tanzania 2023: New Job Vacancies at ABSA Group Limited, 2023

ABSA Group Limited Jobs, 2023
About Us
Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.

Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.

We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

Financial Crime Surveillance & Assurance Manager
Absa House - ABT
time type Full time
job requisition id R-15950630
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
To support the Country MLRO in implementing a robust Financial Crime Regime;
• Implement AML compliance processes and methodology as prescribed in the group Enterprise Risk Management framework (EMRF) and Risk Management and Compliance Program (RMCP).
• Ensure that all activities are carried out in full compliance with regulatory requirements and internal Absa Policies and Policy standards.
• Champion delivery of the ABSA annual rules optimization/tuning on the Transaction monitoring.
• Understand and manage Fin Crime risks and risk events (incidents) relevant to the role.
• Enforce strong Compliance standards, commensurate with the Absa group and country’s local conditions
• Execute and manage monitoring assignments in accordance with the Financial Crime Monitoring plan and relevant policies, procedures, and quality standards.
• Support the Country MLRO in the delivery of programs related to financial crime risks
• Act as a point of liaison between Absa, FIU and other regulators
• Monitor suspicious alerts escalated to MLRO and perform further investigations to discount or confirm if they are STR to be filed to the regulator.
• To implement Risk Management and Compliance Program (RMCP) related matters including policy/standards reviews and localization, and trainings on all matters patterning to Financial Crime
• Champion in Collaboration with AIA, Ops risk team, FCAT, Central bank; all the reviews and/or assurance, audit that relates to FinCrime compliance.
• Support MLRO in developing action plans based on findings in FinCrime reviews and monitor execution
• Drive all Compliance related projects and ensure that all FinCrime parameters and conditions are adhered in all bank products
Job Description
  • Effective and timely investigations and SAR reporting
  • Perform Quality Assurance on the completed reviews including PEP/HRR/Medium/Low-risk relationships, manual triggers, Suspicious Transaction alerts closed by Analyst as per the TM standard, etc.
  • Address all issues identified in AIA audits, QA of AML and monitor completion of remedial activities, and inform the Line Manager on the progress.
  • Effective and timely reporting of KYC / AML and sanctions MI, discounting alerts, and any other related activity as assigned by the Country MLRO
  • Provide full support to the business in AML, sanctions, ABC and KYC-related queries.
  • Carry out volume/ value analysis to determine appropriate thresholds to be used for suspicious transaction alert monitoring.
  • Support the MLRO in driving the implementation of Risk Based Approach (RBA) throughout the business.
  • Guide the business in understanding the RBA to AML compliance and assist them in compiling appropriate customer profiles.
  • Develop action plans based on findings in suspicious transaction reviews and monitor the execution of such plans.
  • Support in performing annual reviews of suspicious transaction limits set across each of the business types.
  • Obtain annual coverage plans on KYC, AML, and Sanctions and monitor status on a continuous basis and report any deviations to MLRO/Head of Compliance.
  • Support in Cash Transactions Reports (CTR), and Electronic Fund Transfers (EFTs)
  • Provide appropriate information to the Line Manager by collating appropriate, accurate, and reliable MI to effectively manage compliance risks on FinCrime reviews.
  • Evaluate and challenge information received from the business with the objective of achieving continuous improvement in AML compliance.
  • Rule tuning and optimization
  • Support in conducting AML/CFT risk assessment as required by AML regulations
  • Support in AML/CFT prudential submissions
Read Also:

  • Support in responding to various requests from competent authorities
  • Support business in providing Financial Crime NAPA approvals.
  • Maintain excellent relationships with the business team to ensure the achievement of business goals.Collate and draft consolidated AML compliance report and other reports as required by the MLRO within deadlines set and submit to MLRO.
  • Conduct periodic and effective trainings to business and other stakeholders in respect to FinCrime related matters.
  • Report and escalate all AML compliance risks and issues arising from the Tanzania business promptly and appropriately in accordance with Group and local legal and regulatory requirements.
  • Report any deviations to the MLRO.
  • Keep the MLRO informed on compliance matters which may pose financial or reputational risks for the business.
  • Provide appropriate information on a daily, weekly and monthly basis by collating appropriate, accurate and reliable information to aid effective management of compliance risks.
  • In the event of major issues in the business unit, act as crisis coordinator and allocate tasks to the crisis teams.
  • Review the risk and compliance profiles of the business unit on a regular basis and provide consultative support to the business on changes that are required to rebalance risk and reward where required.
  • Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
  • Keep up to date on all regulatory changes and have the ability to articulate the impact to the Business, be well informed on the industry thinking.
  • All mandatory training completed to deadline.
Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It's Best Answers plus Examples. Click Here!

Absa Values
Absa’s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
• I drive high performance to achieve sustainable results
• I’m obsessed with customer
• I have an African heartbeat
• I believe our people are our strengths


  • Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Deadline: 2023-04-17.

Thanks for reading Financial Crime Surveillance & Assurance Manager at ABSA Bank Limited Tanzania

« Prev Post

No comments:

Post a Comment