ABSA Bank Bursary – Consultant On Boarding

Website Absa Group Limited

Job Description:

Perform Onboarding validation and remediation functions for Relationship Banking clients within the regions. This involves ensuring 100% fit-for-processing on-boarding applications, complete all outstanding FICA requests manage restrictive control and special deferrals processes. Perform all client remediation, including refresh of all High risk and PEP clients ensuring that the validation adhere to and upholds the standards required by regulatory and business rules.

Job Responsibilities:

  • Perform gap analysis and transactional analysis for all clients 90 days prior to remediation date
  • Work with frontline colleagues to implement the relevant client contact strategy for the regions (e.g. via e-mail/SMS/Visitation/Telephone etc.)
  • Responsible for all remediation projects ( i.e. PEPs, HRR BOW, HRI, Trigger events, HRR BAU On-boarding, HRR STR – Suspicious Transactions Reporting)
  • Keep abreast of relevant training to the role including own regulatory training completion by due date
  • Maintain and continuously look for opportunities to further develop skills and knowledge base
  • Build a sound understanding of Relationship Banking knowledge
  • Perform the validation for on-boarding applications to ensure compliance
  • Follow-up with relationship bankers to ensure that all the clients with 90 days dispensation are remediated within the set timelines to avoid restrictive control
  • Perform activation of product instructions
  • Demonstrate willingness and ability to perform to the very best to ensure personal alignment to Barclays values and vision
  • Comply with Regulatory Risk, Compliance and Governance requirements

Qualification & Experience:

  • Minimum NQF Level 6 or equivalent qualifications
  • Higher Diplomas: Business, Commerce and Management Studies (Required)
  • 2-3 years Banking experience with at least 2 years exposure in regulatory and KYC compliance related functions

Job Details:

Company: Absa Group Limited

Vacancy Type:  Full Time

Job Location: Cape Town, Western Cape, SA

Application Deadline: N/A

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