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Financial Crime Analyst at ABSA Bank Limited

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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.
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

Financial Crime Analyst
Financial Crime Analyst at ABSA Bank Limited December, 2023

  • locations Absa House – ABT
  • time type Full time
  • job requisition id R-15960463

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.

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
Conduct investigation on suspicious transactions.
Prepare high-quality suspicious transaction reports to the authorities
concerned. Perform AML risk review / assessments. Establish and review
the Bank’s AML / sanctions related policies and procedures.

Job Description
Monitoring and investigations Monitor the departmental queues for
alerts on a regular basis throughout the working day ensuring management
are aware of outstanding alerts at end of day by giving daily status as
per KPI.

Be familiar with the departmental
systems/processes and their implementation. Review transaction
monitoring alerts in line with prescribed procedures:

  • Investigate the individual alerts to determine if there is a potential suspicious transaction involved.
  • Follow
    the recommended standard investigation steps, in addition, assess if
    there is anything else unusual about a transaction, particularly based
    on experience of previous transactions.
  • Assess the transaction
    in the context of previous transactions and the client’s
    business/purpose of the account – if necessary, review the client’s file
    / details and build patterns of commons trends.
  • Assess the
    relevance of the geographies of the remitter and beneficiaries of the
    transaction where there are grounds for suspicion or a requirement for
    guidance in relation to an alert, escalate in line with the procedures.
  • Create
    and maintain accurate and concise records of all investigations
    undertaken including details on the rationale for any decisions made.
  • Seek to build an understanding of the profile of customers highlighted through the transaction monitoring alert process.
  • Provide input to the maintenance of the departmental procedures.
  • Provide
    advice and support to the Bank’s business units on the identification
    of areas of risk as a result of transaction monitoring trends. In
    carrying out its work, the FinCrime operation team is guided by the
    Financial Crime Risk Framework, which sets out the regulatory
    requirements and related legislation of anti-money laundering,
    anti-bribery and anti-corruption, anti-terrorism as well as economic
  • The Analyst is responsible for executing
    investigations to identify relationships that pose money laundering,
    terrorist financing, proliferation financing, and sanctions risks.
  • The
    Analyst/Investigator compiles evidence and documentation in compliance
    with AML procedures and regulatory requirements prior to escalations of
    potential Suspicious Transaction Reports (STRs) to Money Laundering
    Reporting Officer (MLRO).
  • Ensure efficient identification and
    monitoring of suspicious activities and transaction. Any other
    associated duties required from time to time to meet the departmental
    responsibilities and goals.
  • Maintain a well-informed and
    all-inclusive knowledge of current money laundering and terrorist
    financing behaviors, issues, criminal typologies, industry best
    practices, regulations, and developing trends.
  • Support
    implementation of an effective AML Transaction Monitoring (TM) alert
    analysis and suspicious activity investigations program to ensure
    compliance to relevant AML/Sanctions laws and regulations.
  • Implement
    Transaction Monitoring techniques to support identification of risks
    around Money laundering, Terrorism Financing, Economic Sanctions, and
    Operational risks consistent with the bank’s group Enterprise Risk
    Management framework (EMRF) and Risk Management and Compliance Program
  • Monitor potentially suspicious patterns of activity and
    recommend changes to rules, parameters, and thresholds maintained within
    the transaction monitoring system to ensure its continued
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Technical skills / Competencies.

  • Bachelor’s
    degree in business, finance, law enforcement, legal studies, or a
    related field; may be substituted with equivalent work experience in
    Financial Services, Law Enforcement, Banking, or a related field.1-2
    years of Experience in AML and Financial Crime field.
  • Proficiency in data analysis and the use of analytical tools
  • Excellent communication and report-writing skills.
  • Attention to detail and strong problem-solving abilities
  • Understanding of the concept of process and risk management; and banking and auditing
  • Strong aptitude for easy and quick learning.
  • Interpersonal competencies – assertiveness, team player, oral/written communication.
  • Able to communicate effectively with a culturally diverse agent and consumer base.
  • Experience working with highly confidential information.
  • Capable of sharing knowledge, mentoring, and training other team members.
  • Strong sense of ownership and responsibility.
  • Must be proficient in Microsoft Office.

Absa Values

Absa 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


  • Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
Deadline: 2023-12-16.

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