Specialist: Compliance - Relationship Sanctions

Absa Group; Johannesburg; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A leading financial institution in Johannesburg is seeking a Compliance Specialist to provide sound compliance services. The role involves monitoring payment transactions, stakeholder management, and ensuring regulatory compliance. Candidates should have a Bachelor’s degree in Finance or a related field, with 2-4 years of experience in sanctions screening or financial crime compliance. Strong analytical skills and attention to detail are essential. The position offers an opportunity to contribute to compliance solutions in a dynamic environment.

Qualifications

• 2-4 years of experience in sanctions screening, AML, or financial crime compliance.
• Knowledge of international sanctions regimes (UN, OFAC, EU).
• Experience in banking operations or payment processing is advantageous.

Responsibilities

• Monitor and review payment transactions flagged by the sanctions screening system.
• Liaise with internal stakeholders to resolve payment holds.
• Provide compliance guidance in respect of applicable regulations.
• Support system testing to improve screening efficiency.
• Assist in regulatory reporting and audit preparation.

Skills

Strong analytical and investigative skills

Data analytics

High attention to detail and accuracy

Excellent written and verbal communication

Integrity and discretion

Education

Bachelor’s degree in Finance, Law, Risk, or related field

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.

Job Summary

To provide specialist advice and support in area of specialisation enabling the provision of sound compliance services.

Job Description

Key Responsibilities

• Monitor and review payment transactions flagged by the sanctions screening system. Investigate potential matches and determine whether they are true hits or false positives

• Stakeholder Relationship Management and involvement on a business, regulator, and industry level.

• Liaise with internal stakeholders (Operations, Compliance, Legal) to resolve payment holds.

• Ensure commercially sound Compliance guidance and support is provided in respect of applicable regulations and Policy requirements.

• Endeavoring to find solutions to ensure compliance as well as the continuation of business.

• Assist in regulatory reporting and audit preparation

• Support system testing and tuning to improve screening efficiency and reduce false positives.

• Maintain accurate records of investigations and decisions.

• Investigate and review business process and systems application to enhance risk insights.

Qualifications & Experience

• Bachelor’s degree in Finance, Law, Risk, or related field.

• 2–4 years of experience in sanctions screening, AML, or financial crime compliance.

• Knowledge of international sanctions regimes (UN, OFAC, EU).

• Experience in banking operations or payment processing is advantageous.

Skills & Competencies

• Strong analytical and investigative skills.

• Data analytics

• High attention to detail and accuracy.

• Excellent written and verbal communication.

• Integrity and discretion in handling sensitive information.

Education

Bachelor`s Degrees and Advanced 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