Fin Crime Advisory & Governance Manager

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Job Summary

Reporting to the Country MLRO, the role holder is responsible for delivery of the following:
 Support the Country MLRO in the delivery of programs related to financial Crime Execution.
 Understand and meet the expectations of Financial Crime management and stakeholders by thorough understanding of the KYC/AML, Risk Models, and other related policies.
 Be involved in solutions for enhancement of the core banking system in relation to Financial Crime and all other related projects.
 Monitor timelines, milestones and resource usage to ensure timely delivery to plan.
 Monitor and challenge the management of the Financial Crime Risk to the management and at business unit level.
 Working closely with the country MLRO and other internal and external stakeholders (including regulators) to ensure Absa’ full compliance with all Financial Crime related regulatory requirements.
 Support the Country MLRO in ensuring that all Financial Crime policies and procedures are continuously monitored, evaluated, updated and enforced within appropriate timescales, given the risk to the enterprise.
 Ensure adherence to set Compliance guidelines and timeline by engaging with stakeholders on remediation for High Risk, PEP and any Financial Crime related remediation.
 Support business units to operate in accordance with all Absa’ Financial Crime policies, and with all relevant legal and regulatory requirements.
 Implement and maintain sanctions/ABC compliance programs, processes and methodology as prescribed in the Group Sanctions/ABC Polies and Country procedures.
 Assist Country MLRO to Obtain, review, analyse and report on information related to Financial Crime Compliance
 Support the implementation of FinCrime related project.
 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, Operational risk team, FCAT, Central bank; all the reviews and/or assurance, audit that relates to Fin Crime compliance.
 Support MLRO in developing action plans based on findings in FinCrime reviews and monitor execution.

Job Description

Main accountabilities and approximate time split

 

Accountability: Functional Management

Time split:  60%

§  Identify and report on areas of weakness in current procedures and make recommendations for improvement.

§  Analyse and interpret MI to identify trends and monitor the effectiveness of the Financial Crime control framework.

§  Advice business on the timelines required to perform the FinCrime periodic reviews including the population/scope of each review.

§  Support the resolution of issues/recommendations raised by Absa Internal Audit or as a result of audits by external bodies on Financial Crime.

§  Understand and meet the expectations of Financial Crime Execution management and stakeholders by thorough understanding of the KYC/AML, Risk Models, and other related policies.

§  Provide solutions for enhancement of the core banking system in relation to Financial Crime i.e. KAMLS and other customer onboarding systems.

§  Champion delivery of the Automated Triggers and be involved in continuous/rolling refresh of M/L Risk customers, PEP and HRR and support.

§  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 to ensure customers are properly profiled

§  Ensure that current FinCrime Procedures/Processes are reviewed and amended incorporating Fincrime aspects and offer recommendations for improvement and obtain appropriate approvals before circulation to the business for adoption.

§  Ensure governance frameworks designed and committees in place

§  Policy, Standards and procedures in place that are compliant with laws, rules and regulations

§  Act as the FinCrime contact point on the NAPA related issues and ensure timely and proper advisory is provided

§  Ensure financial crime risks are identified and mitigated in the context of new products, services and businesses

§  Ensure that the business units within the Bank apply consistent processes and procedures that meet AML requirements/ Sanctions/ABC/ Introducer Standards and other related Policies

§  Support in maintaining logs, distribution logs, and version control of FinCrime related policies, procedures and related documents (electronic and manual).

• Monitor and challenge the management of the Financial Crime Risk at business unit level.

§  Working closely with country MLRO and other internal and external stakeholders (including regulators) to ensure Absa’ full compliance with all Financial Crime related regulatory requirements.

§  Support the Country MLRO in ensuring that all Financial Crime policies and procedures are continuously monitored, evaluated, updated and enforced within appropriate timescales.

• Champion adherence to set Compliance guidelines and timeline by engaging with stakeholders on remediation for High Risk, PEP and any Financial Crime related remediation.
• Support business units to operate in accordance with all Absa’ financial crime policies, and with all relevant legal and regulatory requirements.

§  Support the reinforcement of the mitigating actions required (including monitoring the closure of outstanding remediation activity), where Financial Crime Risks may

(i)            lead to customer detriment.

(ii)           Adversely affect markets; or

(iii)          Result in a beach of legal or regulatory obligations;

 

Accountability: Training on Financial Crime policies and procedures                      

Time split: 20%

• Responsible for the training on all fin crime policies and standards to all business operations (Further Trainings to businesses for new standards /policy and any other regulatory development).
• Establish an in-depth understanding of the Compliance and Financial crime processes and methodology in the business
• Supply formal and informal training about regulatory Compliance and Financial crime methodologies and processes to the business.
• Keep ahead of all Compliance policies and Regulatory developments and provide a training framework and assessments for implementation and adoption of such regulations across the business as relevant.
• Ensure all employees receive Financial Crime training on an annual basis including Targeted Training

 

Accountability: Controls Oversight

Time split 20%:

• Establish and embed the values, behaviours, and risk appetite that underpin the achievement of the bank's objectives, and ensure individual actions, processes and practices are aligned.
• Schedule and maintain the Customer Refresh timetable and put in place appropriate triggers for customer refresh exercise.
• Ensuring that refresh for all existing customer KYC/CDD/EDD data is carried out according to the schedule.
• Promote and embed a financial crime risk management and control culture within business units;

 

 

Technical skills / Competencies

 

• Experience in KYC, AML and AML risk Models and policies
• Data Mining, Analytical and presentations skills
• Training Skills
• Strong people management skills
• Strong communication skills and the ability to explain complex models/ concepts in simple terms
• Interpersonal confidence and influence with all stakeholders
• Creating and innovating

 

Knowledge, Expertise and Experience

 

• At least 4 years of practical experience of working in the financial industry covering Operational risk management, Governance & controls, project, compliance, and operations. 
• Understanding of Absa governance process
• Understanding of Absa policies
• In-depth understanding of technology used in customer on-boarding systems, ongoing monitoring, and review process. 
• Able to challenge how business is done and take a lead role in driving behavior change

1. acting and responding to change Experience of working in a multinational, multi-segment, environment with matrix reporting.

 

Absa Values

Absa’s Values and Behaviors 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:

·  Trust

·  Resourceful

·  Stewardship

·  Inclusive

·  Courage

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)