Manager, Investigation & Fraud Risk at Standard Bank Group

Job Purpose

To conduct in-depth universal forensic investigation services across the Standard Bank Group, in adherence to the Group Investigation framework and standards to ensure financial crime is effectively identified and minimised therefore mitigating the potential for operational losses or reputational damage to the organisation.

Data

• Prepare statistics and other information as required for reporting, further investigation or auditing purposes.
• Gather all sufficient and appropriate information from all available sources using the required tools to ensure thorough investigations can be conducted and financial crime identified.
• Analyse all information related to alerts and/or instructions received, via any method or form, in order to detect possible incidents of financial crime.
• Capture findings and conclusions in the required reporting format and systems and submit investigation outcomes, trends and recommendations as prescribed by relevant policies and procedures.
• Store, manage and organise all information and data on the required systems, in the required format and for the required duration as prescribed by the relevant data model and  in adherence with the policies and procedures.

Risk, Regulatory, Prudential & Compliance

• Conduct in-depth universal forensic investigations by following the required processes and methodologies as set out in the GIFR framework to ensure that acts of financial crime are identified timeously and investigation are conducted in-line with regulatory requirements, best practices and group standards.
• Provide expert advice and guidance to internal and  external stakeholders regarding universal investigation processes and standards in order for Business Units to effectively manage financial crime.
• Conduct root cause analysis of financial crime incidents in order to detect gaps in controls and processes and recommend enhancement and track their implementation to mitigate recurrence of similar incidence.
• Maintain pro-active awareness of potential financial crime activities and high-risk persons or entities through monitoring of open source information, industry trends and intelligence in order to contribute to the organisations threat profile.
• Prepare affidavits and refer reports of criminal matters identified to relevant GI heads on behalf of SBG to facilitate further criminal investigation and possible prosecution.
• Escalate all matters relating to high-risk customers and entities containing adverse information, complex and significant issues to specialist investigators for immediate action in order to avoid operational losses, fines, penalties or reputational damage to the organisation.
• Resolve and respond to queries from Business Unit stakeholders regarding the analysis, information and reports completed during investigations.
• Stay abreast of, identify and report / escalate any new and emerging trends in the legislative and regulatory environment, any product issues or any fraud risks.
• Participate in all relevant training for the requirements of the role, including legislative and regulatory amendments and any changes to the relevant functional framework, to ensure all analyses and investigations is aligned accordingly.
• Testify in disciplinary enquiries or court proceedings regarding evidence collected and the methods used to collect and analyse the evidence.

Technology & Architecture

• Understand the banking source systems and interpret the output in the investigation and analysis process.

QUALIFICATIONS

Minimum Qualifications

• Type of Qualification: First Degree
• Field of Study: Audit
• Type of Qualification: First Degree
• Field of Study: Risk Management

Experience Required

Group Anti Financial Crime

Compliance

3-4 years

• Experience in bank processes, products and systems. Experience in dealing with different stakeholders at different levels both internal and external.

5-7 years

• The role requires sound experience in the gathering, analysis and reporting of information in order to conduct universal forensic investigations and therefore identify finance related crime.

ADDITIONAL INFORMATION

Behavioral Competencies:

• Adopting Practical Approaches
• Articulating Information
• Checking Details
• Developing Expertise
• Examining Information
• Exploring Possibilities
• Following Procedures
• Interpreting Data
• Meeting Timescales
• Providing Insights
• Team Working
• Upholding Standards

Technical Competencies:

• Data Management (Administration)
• Fraud Investigation
• IT Knowledge
• Promote Good Governance, Risk & Control
• Risk Identification
• Risk Management
• Risk Reporting