Permanent Specialised Compliance Consultant | Absa Vacancies
Job Description
Absa Vacancies – Specialised Compliance Consultant
Location: Cape Town, Western Cape
Company: Absa
Job Type: Permanent
Job Sector: Legal & Compliance
Specialised Compliance Consultant – Absa
Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and a strong position as a local bank with regional and international expertise, a career at Absa offers the opportunity to shape our future as a proudly African group.
Job Summary
Performing financial crime operational procedures for High Risk and Politically Exposed Persons (PEP) customers, including customer due diligence, screening, onboarding, ongoing reviews, and exits in compliance with Anti-Money Laundering (AML) Customer Due Diligence (CDD) standards and Absa AML policies.
Job Description
Key Accountabilities
Service Delivery
- Apply AML CDD standards, Anti-Money Laundering Life Cycle Standards (CLS), PEP standards, and Absa policies to daily operations.
- Develop deep expertise in AML CDD standards and Financial Crime Operations processes.
- Prioritize key regulations and risks, working efficiently with minimal supervision.
- Maintain high-quality work by staying updated on financial crime regulatory changes through training and research.
- Meet productivity and quality targets.
- Share best practices to guide team members and peers.
Control and Compliance
- Complete all mandatory training within deadlines.
- Identify, track, and manage key risks per the Risk Framework.
- Escalate, investigate, and resolve risk events or control failures to prevent recurrence.
Reporting
- Track and manage daily, weekly, and monthly performance targets.
- Prepare monthly Performance Development (PD) plans to monitor progress and identify development needs.
Self-Development
- Continuously seek opportunities to enhance skills and knowledge.
- Initiate quarterly training for personal and professional growth.
Role / Person Specification
Education and Experience Required
- Matric qualification.
- Minimum 12 months of experience in AML compliance, High Risk, and PEP Customer Due Diligence/Financial Crime processes.
- BComm (Assurance) or LLB (Advantage).
Knowledge & Skills
- Strong working knowledge of Absa systems.
- Proficiency in Absa’s Electronic Sales Platform (ESP).
- Familiarity with the Global Online PEP Register (GOR).
- Experience in High Risk and PEP customer enhanced due diligence.
- Sound understanding of AML CDD, PEP standards, and FICA regulatory requirements.
- Strong IT skills (MS Office: Word, Excel, PowerPoint, Outlook).
Competencies & Personal Skills
- Clear and effective communication across various mediums.
- Decisive and proactive in taking action.
- Continuous learning and innovation.
- Problem-solving mindset.
- Adaptability to change.
- Ability to work under pressure.
Education
Higher Diplomas: Law, Military Science, and Security (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 candidates from designated groups to support equitable workforce representation and diversity.
Absa Bank Limited reserves the right not to fill the advertised position.
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How to Apply
To apply for this position, click the “Apply Now” button or follow the specific instructions provided in the job description. Ensure that your CV and supporting documents are up to date and relevant to the position.
Please note: This job posting may be closed at any time by the employer, either due to internal recruitment policies, legal requirements, or once a suitable candidate has been found. We encourage you to apply as early as possible.
Only shortlisted candidates will be contacted.
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