Job Description

Empowering Africas tomorrow, togetherxe2x80xa6one story at a time.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 The Financial Crime Intelligence and Surveillance (I&S) Function is seeking an experienced, forward-thinking risk specialist to support key initiatives in Risk, Strategy, and Control. The incumbent will support the development, implementation, and continuous improvement of strategies and frameworks that support the detection, mitigation, and prevention of financial crime. This role is essential in maintaining the firms compliance with evolving regulations, refining risk frameworks, and establishing best practices to counter financial crime.The Specialist will work closely with internal teams, and senior management, playing a crucial role in establishing a compliance culture that anticipates and adapts to future financial crime trends and threats. This role requires strong project management ability, sound risk and control knowledge, exceptional attention to detail, and the ability to influence at peer and senior levels.Key accountabilitiesRisk Management and Controlxc2xb7 Conduct regular risk assessments across financial crime intelligence and surveillance activities.xc2xb7 Assist in the development and maintenance of the I&S risk management framework, including internal controls, processes, and procedures.xc2xb7 Support the identification, assessment, and mitigation of risks, including boundary risks that impact financial crime and compliance risks.xc2xb7 Plan and implement internal control assessments and an I&S-wide integrated risk management framework.xc2xb7 Continuously monitor, evaluate, and report on the overall I&S risk profile, including systems, data, processes, human resources, and governance.xc2xb7 Monitor and track to resolution the effectiveness of controls to mitigate or minimise risks and detect and report breaches, control failures and risk events on a timely basis.xc2xb7 Identify potential areas of compliance vulnerability and risk, develop corrective action plans, and provide guidance on avoiding similar issues in the future.xc2xb7 Produce risk reports highlighting areas of concern and opportunities for improvement.xc2xb7 Develop risk registers, dashboards, and implement risk appetite and tolerance levels.xc2xb7 Identify, operationalise, and assess Key Risk Indicators (KRIs) across the organisation.xc2xb7 Support the alignment of business processes with the Group Financial Crime Risk Framework.xc2xb7 Enhance the procedures and standards for financial crime risk, to align with regulatory requirements, the Financial Crime Risk Management and Compliance Programme (RMCP), and Financial Crime strategy.xc2xb7 Manage governance awareness initiatives and internal assurance processes.xc2xb7 Continuously assess the effectiveness of processes and look for areas of potential efficiencies and business optimisation.xc2xb7 Support the management of process and procedures documentation and ensure governance standards are maintained.xc2xb7 Build strong relationships with internal and external stakeholders, including Risk, Legal, Compliance, Financial Crime, and business communities.xc2xb7 Research regulatory matters, emerging risks, trends, and compliance management best practices, and report findings to relevant stakeholders.xc2xb7 Support the development and embedment of risk policies, procedures, and guidance.xc2xb7 Act as a liaison between the Intelligence & Surveillance Team and key stakeholder, fostering trust and advocating for robust risk management practices. Provide training, guidance, and feedback to stakeholders to reinforce a risk management-focused culture.xc2xb7 Drive risk management quality assurance initiatives to evaluate the effectiveness of KRIs, policies, systems, and processes related to financial crime surveillance and intelligence. Identify areas for continuous improvement.xc2xb7 Collaborate with cross-functional teams to provide valuable insights and recommendations.Strategyxc2xb7 Support the Senior Manager: Risk, Strategy, and Governance in the design, implementation, and enhancement of financial crime intelligence strategies, governance frameworks, and controls that align with regulatory expectations and Financial Crime risk appetite.xc2xb7 Support the development and implementation of the strategy to identify and manage risks across human resources, systems, data, and processes.xc2xb7 Support the Senior Manager: Risk, Strategy, and Governance in building a data-driven approach to managing risk, deriving insights, and making data-informed decisions.xc2xb7 Stay abreast of emerging trends in financial crime, including technological advancements, regulatory changes, and threat landscapes.xc2xb7 Support initiatives to incorporate predictive analytics, AI, and other future-focused solutions into the I&S risk management framework.xc2xb7 Track the RSG Book of work to enable effective management, delivery and prioritisation of tasks.Support the expansion of training strategy and capabilities for risk knowledge management and sharing across I&S.Preferred Education:B-degree/Honours Degree/Advanced Diploma in Internal Audit, Risk Management or Business.Preferred Experience:

• Minimum of 4 years of experience in a risk management role. Focus on financial crime risk, compliance risk or operational risk is advantageous.

• Exposure to risk governance and control committees

• Experience in dealing with multiple stakeholders

• Information technology and data analysis background advantageous.

Knowledge and Skills:xc2xb7 Analytical Mindset: Strong analytical and problem-solving skills to assess risks, interpret data, and make informed decisions. Experience in applying data analytics to enhance financial crime risk management.xc2xb7 Project Management: Strong project management skills, with experience managing complex, cross-functional projects from inception to completion. PMP or similar certification is a plus.xc2xb7 Technical Proficiency: Familiarity with financial crime detection tools, transaction monitoring systems, and data analytics.xc2xb7 Future-Focused Compliance Perspective: Visionary understanding of the evolving financial crime landscape, with an interest in integrating innovative tools and methods into compliance practices.xc2xb7 Risk Identification and Assessment: Ability to identify, analyse, and assess potential risks to the organisation's objectives.xc2xb7 Strategy Development: Skill in developing strategies to minimise or mitigate identified risks effectively, optimise business processes through risk management and delivery on team-wide objectives.xc2xb7 Regulatory Knowledge: Understanding and staying current with relevant laws, regulations, and industry standards to ensure compliance.xc2xb7 Data Analysis: Proficiency in analysing data to identify patterns, trends, and potential risk factors and draw insights to inform decision making.xc2xb7 Solution Focused: Capability to address and resolve issues related to risk management, adapting strategies as needed.xc2xb7 Objectivity, Integrity and Independence: Ability to maintain impartiality and transparency in reporting and communication, operating independently from undue influence, ensuring that risk assessments and recommendations are based solely on factual data and sound analysis.xc2xb7 Influencing and Communication Skills: Exceptional ability to communicate, influence, and engage stakeholders across all levels, including senior management. Able to advocate effectively to influence approaches to risk management and compliance .xc2xb7 Strong written and verbal communication: Ability to produce clear, concise, and well-structured reports that are easily understood by diverse audiences, and to effectively articulate complex risk and governance concepts through persuasive and confident speaking skills.xc2xb7 Effective Communication: Effective communication to convey complex risk information to stakeholders, facilitating informed decision-making.xc2xb7 Stakeholder Engagement: Develop strong working relationships with internal and external stakeholders, including Risk, Legal, Compliance, Financial Crime, and business units, with the ability to foster collaboration to achieve shared goals.xc2xb7 Conflict resolution: Ability to navigate conflicts effectively by understanding different perspectives, facilitating open dialogue, and finding mutually beneficial solutions.EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised

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