Validation Consultant

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.Job SummaryPerform 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 DescriptionValidation of Client & Product On-boardingComply with Regulatory Risk, Compliance and Governance requirementsPerform the validation for on-boarding applications to ensure compliancePerform activation of product instructionsFollow-up with relationship bankers to ensure that all the clients with 90 days dispensation are remediated within the set timelines to avoid restrictive controlEnsure that all existing clients identified as High Risk or PEP are re-onboarded in line with the special regulatory standardsEnsure that all service levels agreements with supportClient Remediation and RefreshResponsible validation of all remediation projects (i.e. PEPs, HRR BOW, HRI, Trigger events, HRR BAU On-boarding, HRR STR - Suspicious Transactions Reporting)Perform gap analysis and transactional analysis for all clients 90 days prior to remediation dateWork with frontline colleagues to implement the relevant client contact strategy for the regions (e.g. via e-mail/SMS/Telephone etc.)Perform client reviews on anniversary refresh as per RBA (Risk Based Approach) – High, annually; Medium 3yrs, and Low 5yrsUpdate all relevant systems to ensure clients are fully remediatedEnsure remediation of all deregistered entitiesRestrictive ControlPerform remediation requirements for all clients in/to be placed in restrictive controlManage the special deferrals within the frontline in line with the governance and approval processTeamwork and Self DevelopmentBe an active participant in meetings and provide suggestions for ways of improving client serviceShare best practices and specialist knowledge with the team to improve service deliveryCreate supportive relationships with colleagues and create a sense of team spiritKeep abreast of relevant training to the role including own regulatory training completion by due dateMaintain and continuously look for opportunities to further develop skills and knowledge baseBuild a sound understanding of Relationship Banking knowledgeDemonstrate willingness and ability to perform to the very best to ensure personal alignment to Absa values and visionEducation And Experience Required/RecommendMinimum NQF Level 5 or equivalent qualifications2-3 years Banking experience with at least 1 year exposure in regulatory related functionsKnowledge and skills:General banking understanding (including client and product knowledge)Good understanding of KYC methodology, and regulatory frameworkKnowledge of Remediation and Refresh StandardsUnderstanding of quality standardsStrong interpersonal and relationship skillsCompetencies:Technical CompetenciesBusiness KnowledgeData AnalysisQuality Management SystemReporting and InterpretationBehavioral CompetenciesChange and Improvement OrientationCustomer ExcellenceEthics and ValuesPlanning and OrganizingEducationHigher Diplomas: Business, Commerce and Management Studies (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 suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised