Risk, Audit and Compliance
Career Stream
Regulatory Compliance
Leadership Pipeline
Manage Self: Technical
Job Purpose
- To analyse and monitor regulatory, reputational and financial risk indicators associated with money laundering; terrorist financing and sanctions to ensure risks to Nedbank Group are mitigated.
- Ensure compliance to regulatory requirements, improved business results and good client service by identifying and rating the level of risk associated with clients through analysing and monitoring risk indicators and advising stakeholders accordingly.
- Monitor and track risk indicators that give rise to highlighting client trigger reviews.
- Manage work allocation to Enhanced Due Diligence Managers.
- Advise on risk rating of adverse media on an ad hoc basis.
- Draft risk analysis reports for sign off by Enhanced Due Diligence Managers.
- Manage relevent risk and onboarding system alerts.
- Manage required governance to be kept on client files and risk rating systems.
- Build and maintain collaborative relationships and ensure smooth flow of work and alignment of internal requirements based on legislation as set by South African Reserve Bank (SARB) and Financial Intelligence Centre (FIC) by interacting with onboarding, business and AML departments.
- Obtain buy-in for implementation of proposed continuous improvement changes and initiatives by engaging with onboarding, business and AML departments.
- Mitigate risk, maintain collaborative relationships and meet expectations and needs of clients by providing professional, objective input and creating awareness to stakeholders on relevant alerts and actions to be implemented.
- Identify relevant breached thresholds as to identify potential risks and trends and ensure risk standards are adhered to by downloading, preparing, sorting, interrogating and interpreting information and data.
- Manage governance forums; the setup, quorum and decisional recordal thereof.
- Communicate identified risks, trends and corrective actions to be taken by relevant stakeholders through reports, governance forums/structures and meetings.
- Follow up on identified risks and corrective action to be taken by stakeholders within specified timeframes through meetings and/or electronic medium.
- Provide input into new reports or enhancements to existing reports through gaps identified during analysis of risk indicators. Obtain buy-in for developing new and/or enhanced reports that will improve reporting of risk indicators and/or proposed corrective action to be taken by business by highlighting benefits and associated regulatory risks, and by gaining support for ideas and initiatives.
- Ensure internal reporting takes place within required timelines.
- Contribute applicable metrics to external reporting requirements, within required timelines.
- Identify opportunities to improve or enhance business processes and methodologies by researching, developing, implementing and recommending improvement initiatives and effective ways to operate and add value to Nedbank.
- Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders, to achieve goals and objectives.
- Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression opportunities for self with input from management.
- Support personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience gained and certifications obtained within specified time frames.
- Ensure up skilling takes place and effective handover to relevant responsible person for actioning by providing input into training sessions and/or sharing knowledge of trends and identified risks with team and stakeholders during formal and informal interactions.
- Advanced Diplomas/National 1st Degrees
- Bachelor of Commerce: Law; Bachelor of Commerce: Accounting; Bachelor of Commerce: Risk Management
- Associated Certified Anti-Money Laundering Specialist (ACAMS)
- AML C-PRAC
- 3 years experience in analysing and monitoring risk indicators in Anti-Money Laundering (AML), Counter Terrorist Financing, Sanctions Compliance in a banking environment or similar.
- Business Acumen
- Data analysis
- Ethics and Fraud
- Industry trends
- Microsoft Office
- Nedbank policies and procedures
- Nedbank systems
- Nedbank vision and strategy
- Relevant regulatory knowledge
- Business writing skills
- Applied Learning
- Communication
- Initiating Action
- Building partnerships
- Managing Work
- Quality Orientation
