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.
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.
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
Position: Head of Financial Crime Unit
Location: Absa House – ABT
Bring your possibility to life! Define your career with us
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.
Develop, embed, maintain and oversee
financial crime policies, processes and business rules, including in the
following areas: KYC checks. AML and anti-fraud. Transaction
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and maintain a cost effective Financial Crime Prevention function
supporting and protecting the business against Fraud and Money
Laundering Risk and related reputational risk ensuring that the needs of
all stakeholders are met
- The FinCrime role oversees from 1st LOD:
-Anti-Bribery and Corruption process
-Customer Sanctions Screening
-Transaction Monitoring Alerts
-KYC requirements and refresh process
- Any other activities related to Financial Crime related to Local Regulatory Law and Group Requirements based on SARB.
- Manage and set departmental and individual goals and targets for the Financial Crime Team investigations department
for anti-money laundering (AML) compliance providing oversight,
control, support and coordination for anti-money laundering compliance
- Responsible for the development, implementation and maintenance of an effective process of Transaction Monitoring alerts
and have continuing knowledge of all local AML requirements to ensure
that the AML program is consistent with all applicable local laws,
regulations and rules.
- Develop and manage a regular monitoring
and reporting process to inform senior management on Transaction
Monitoring Alerts closed or any suspicious patterns discovered, Manual
Trigger and Annual KYC Refresh plans for HRR and PEP accounts.
that all activity and transactions that are identified as potentially
suspicious are investigated, reviewed and resolved in accordance with
- Coordinate with Regional FinCrime 1st LOD
Teams to address issues raised in internal audit reports,
self-assessments, compliance reviews or regulator’s examination.
- To personally manage and where appropriate carry out high profile/sensitive investigations.
and maintain liaison with local/county/regional and international
financial industry representatives to proactively identify current fraud
trends, criminal activity and the identification of organized criminal
groups and influence security best practices.
- Liaison with
national and international law enforcement entities and liaison with
local financial industry representatives to proactively identify fraud
trends/criminal activity and organized criminal attacks. (This
experience is added advantage)
- Perform the Monthly rule optimization review and advise Centre accordingly.
- Bachelors Degree and Professional Qualifications: Money Laundering Control (Required)
The post New Job Opportunity at ABSA Bank Limited Tanzania – Head of Financial Crime Unit appeared first on Ajira - Nafasi za kazi Tanzania 2019.