Entry Level Administrator: Risk job at Absa Bank

Vacancy title:
Entry Level Administrator: Risk

Jobs at:

Deadline of this Job:
Friday, May 31 2024 

Summary
Date Posted: Friday, May 17 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Summary
To vet all loans to ensure they meet all KYC and Sanction Compliance standards as per Absa Retail and Business Banking Lending products and policies.

Job Description
JOB PURPOSE
To vet all loans to ensure they meet all KYC and Sanction Compliance standards as per Absa Retail and Business Banking Lending products and policies.

MAIN ACCOUNTABILITIES & APPROXIMATE TIME SPLITS %
Accountability:
Vetting of loan applications
Time split:
80%
Outputs:
• Receive Loan applications from the fraud desk and acknowledge receipt by signing the distribution schedule.
• Verify loan application and supporting documentation against loan checklist i.e. the requirements for BIL and PIL.
• Conduct tele - verification as per policy standards to ensure that compliance to set standards.
• Update the loan data on the standard template and system at all stages of the loan vetting process.
• Update outcome (PASS/FAIL) of vetting onto the loan checklist, stamp and sign.
• Update reasons for failed loans at all stages in the vetting process on the standard template before forwarding them to assessing.
• Forward all loans (both pass and fail) to loan assessors for further action after updating the system.
• Adhere to Service Level Agreements (SLAs) time lines while vetting loan applications

Accountability:
Control.
Time split:
10%
Outputs:
• Ensure KYC and sanctions compliance on all loans to be processed onto Absa Systems.
• Ensure that all loan applications to be captured on the system have been FRAUD screened.
• Conduct snap checks as assigned by line manager.
• Ensure safe custody of documents (loan applications and supporting documents), tools (vetters stamp) and pass words to all systems.
• Ensure accuracy of information entered in the system and standard template at all stages of the vetting process.
• Conduct pre-assessor call over to ensure that all checks have been completed as required before forwarding to the loan assessing team.

Accountability:
Customer service
Time split:
5%
Outputs:
• Respond to queries relating to the loan vetting process from various stake holders with the set timelines.
• Adhere to timelines within the service level agreements (SLAs) to ensure efficiency and quick turn around time (TAT) in loan processing.

Accountability:
Contribution to the team
Time split:
5%
Outputs:
• Support other members of the front end team and others in the loan processing team when required to ensure business continuity and achievement of business targets.

Education
Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)


Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified, Click here to apply.

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