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KYC Officer

KYC Officer

Absa GroupWorkFromHome, South Africa
30+ days ago
Job description

Empowering Africa’s tomorrow, together…one story at a time.

With 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

Spearhead Customer On Boarding & Remediation Activities by :

  • Executing the bank’s strategy in respect of Customer On-Boarding, Maintenance & Remediation.
  • Reviewing the KYC pack and ensures compliance with the Bank’s minimum requirements for customer on boarding.
  • Being the contact person for the RM / Personal Banker / Universal Banker in respect of KYC and customer on boarding requirements.

Job Description

Account Opening & KYC Compliance : Time split 80%

  • Supports the business in the end-to-end processing of account opening and maintenance.
  • Receives and process fit account application forms, documents and information required to build the customer KYC file.
  • Identifies all potential issues and escalate appropriately to avoid delays in the process.
  • Reviews the files and ensure completeness of Customer Due Diligence and compliance with all KYC / Compliance policies / standards and procedures prior to capturing and authorizing (as may be appropriate).
  • Reviews any adverse information and escalate adverse media to Branches through the Relationship Manager / Personal Banker / Universal Bank for appropriate review, discounting and sign off.
  • Reviews all requests for on boarding new customers, opening additional accounts for existing customers, changing bank mandate and related parties.
  • Proactively spot KYC issues in respect of any request / transaction.
  • Ensure that client expectations are set against the defined Service Level Agreements SLAs) and that these SLAs are managed and always met.
  • Complies with all policies and procedures required by the bank.
  • Perform all other duties as reasonably assigned.
  • Ensure all Gap analysis on accounts to be remediated is completed and communicated to RM’s / PB’s / Universal Bankers, receive information and update files and systems.
  • Support with regular reporting to Head of Financial Crime in respect of Turn Around Time and adherence to Service Level requirements for customer on boarding.
  • Periodically assist line manager to brief the Head of Financial Crime on the control areas of concern within their environment; and agree on action / remedial actions to improve performance.

    • Risk Management : Time split 10 %

  • Maintains records of all Reputational Risk Forms / PEP / High Risk / Special Customer and Adverse Media approvals obtained.
  • Diarize any regular monitoring required as part of on-boarding conditions and initiating related customer reviews where necessary.
  • Supports the team in the on-going monitoring of the accounts, by providing guidance in respect of business and transactions.
  • Escalate any irregular / non-compliant files to senior management, including Compliance.
  • Supports the relevant stakeholders to comply with any regulatory or internal reviews.
  • Supports the team to satisfactorily close all findings related to assurance work by SLOD or FLOD, as well as external reviews.

    • Risk and Control : Time split 10%

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

    • Education

    National Diplomas and Advanced Certificates : Financial Sciences (Required)

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    Officer • WorkFromHome, South Africa

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