Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework
and internal Policies and Standards.
Understand and manage risks and risk events (incidents) relevant to the
role.

• Oversight of key Financial Crime projects and management of delivery
• Oversight of Management Information and escalation point for key issues
• Escalation point for country issues relating to PEP approvals, breaches, High Risk Transactions, incidents/Issue management, legislative changes, remediation projects, regulatory Inspections
• Localisation of AGL policies (where applicable)

• Ensure compliance with regulatory requirements, enterprise risk management framework and internal policies.
• To assist the Absa Group Head of Financial Crime Compliance to develop a strategy to ensure that business complies with all relevant anti-money laundering, sanctions, prevention of proliferation financing (‘PF’), anti-bribery & corruption and related policies and regulations.
• To oversee and guide the development of compliant, flexible and robust systems, procedures and controls to deliver the Group anti-money laundering objectives and improve business performance in areas.
• Provide input into the department' risk and control assessment (RCA).
• Share knowledge across the business areas supported.

• Help drive / influence the right regulatory behaviour of the Business, consistent with the overall values of Absa Group and specifically with respect to the relevant regulations in the various ARO jurisdictions / Business Units, through effective standard setting, procedures, advice and training, monitoring, escalation, reporting and engagement.
• Clearly communicate the role, responsibilities, and objectives of Financial Crime Compliance to the Business.
• Maintain constructive regular engagement with relevant stakeholders, including business, infrastructure, and regulators.
• Assist in communicating and educating the Business in the importance of having an excellent compliance and conduct culture.
• Provide accurate and timely regulatory advice regarding AML/CFT regulations, international best practices to the Business as a second line of defence.
• Provide relevant information on Financial Crime to management.
• Demonstrate prudence, sound judgement, and appropriate and timely escalations in the management of all types of risks applicable to the role.
• Assist with the development of the on-going Financial Crime training specific to individual roles and responsibilities of staff.
• Represent Financial Crime at the Financial Crime Oversight Committee.
• Represent Financial Crime (as may be required) at relevant governance forums or Business forums e.g. Business Excos, Business ERCs, Opcos, Steercos, etc.
• Help manage new regulatory requirements affecting the various elements of the Business.
• Assist the Business with understanding notifications distributed by regulators and their impact on the Business.
• Manage high-priority projects, cases and investigations.
• Provide input into business risk management strategy, ensuring alignment to the Financial Crime Compliance strategies of the bank as guided by the group strategic purpose and regulatory requirements.

• Working collaboratively with the various Business stakeholders supporting on-going positive working relationships.
• Position and communicate Financial Crime Policies, regulatory requirements, and initiatives with relevant stakeholders.
• Actively drive a stakeholder management plan for all compliance and regulatory matters affecting the business.
• Ensure matters requiring the attention of executive leaders are thoroughly developed, researched, and evaluated.

• Be the accountable key regulatory risk owner for the business
• Perform monitoring of the Business’ adherence to AML and conduct behaviours, through stakeholder engagement, compilation and assessment or management information, and tracking and analysis of issues.
• Review and provide input on the Money Laundering Risk Review coverage for the business. Review the coverage plan, the scope of each review, and conclusions and final report of each review.
• Assist with the design and execution of the Financial Crime and Compliance Monitoring and Testing program on regulatory risk to the Business, highlight any deficiencies and recommend improvements.

• Serve on the appropriate risk and governance forums for AML Compliance.
• Report to the relevant governance forums with overall conclusion on regulatory risk.

• 10+ years’ experience in Banking and/or AML (minimum of 4 years at managerial level and some exposure to executive management)
• Additional Qualifications (preferable) ACAMS/International Certificate or Diploma in AML, CFT, Sanctions, ABC or Certified Fraud Examiner

• Strategic planning: ability to identify strategic initiatives and oversee implementation.
• Strong interpersonal, organizational, and critical thinking skills; adaptability to meet changing demands.
• Exposure to AML, AML systems and AML on-boarding of customers and vendors.
• Understands the legislative and regulatory landscape and requirements imposed by the various regulators.
• Understands international legislative and regulatory requirements impacting South Africa.
• Ability to gather data, compile information, and prepare reports. Specific focus on ability to identify patterns/risks/trends and solutions to mitigate.
• Ability to analyse, interpret and advise on regulations and legislation.
• Ability to supervise and train employees (includes organizing, prioritizing, and scheduling work assignments).
• Understands the core principles of an effective AML program.
• Able to establish effective compliance frameworks, structures, and core processes.
• Understands implementation of AML governance processes.
• Results-oriented.
• Ability to interact and work effectively.
• Strong solution-driven person, with a hands-on approach to problem solving.
• Good understanding of Business products and a commitment to continued self-development.
• Ability to work under pressure.

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