Entry Level Administrator: Risk job at Absa Bank

About the Organization

Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees.
We’re committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value. To this end, we offer our clients a range of retail, business, corporate and investment, and wealth management solutions. We also ensure a positive impact in all the countries where we operate.

We’re a truly African brand, inspired by the people we serve and determined to always be brave, passionate and ready so that we can make our continent proud.

Job Description

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.

Duties and Responsibilities

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:

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:

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.

Qualification, Experiences and Competencies

Bachelor’s Degree: Most entry-level risk administrator positions require a bachelor’s degree in risk management, business administration, finance, economics, or a related field.

Certifications (optional but beneficial): Certifications like Certified Risk Management Professional (CRMP) or Associate in Risk Management (ARM) can be advantageous.
Internships or Relevant Experience: Practical experience through internships, co-op programs, or part-time work in a related field is often highly valued.