Job Purpose
To analyse and interpret trends, best practice, regulatory risk requirements and draft, maintain, review, monitorinternal controls and documentation associated with money laundering, terrorist financing, proliferation financingand sanctions compliance to ensure applicable requirements and standards within Nedbank are met.
Job Responsibilities
- Assess associated risks, benefit and value add of best practices and regulatory risk requirements to identifythe impact on Nedbank to ensure the mitigation of risks associated with money laundering, terrorist financing, proliferation financing and sanctions.
- Provide advice, input, and guidance to stakeholders, through analysis and interpretation of processes,policies, procedures, practices, and plans
- Provide input into new and existing business products and processes through identifying and analysingassociated risks related to money laundering, terrorist financing, proliferation financing and sanctions to prevent risks.
- Liaise with stakeholders to fully understand expectations and/or requirements to update management andstakeholders on progress, best practice, regulatory risk requirements and to ensure expectations are met
- Liaise with stakeholders to fully understand expectations and/or requirements to update management andstakeholders on progress, best practice, regulatory risk requirements and to ensure expectations are met
- Identify relevant stakeholders through assessing applicability of impact and the dissemination of policies,processes, procedures, practices and/or plans to ensure alignment to best practice and regulatory risk requirements
- Develop and use collaborative relationships to facilitate the accomplishment of work goals.
- Maintain relationships with relevant stakeholders to obtain applicable content and/or trends to provideadvice to stakeholders
- Follow up on identified risks and corrective action to be taken by stakeholders within specified timeframethrough meetings and/or electronic medium to ensure that best practice and regulatory risk requirementsare met
- Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
- Participate and support corporate social responsibility initiatives for the achievement of key business strategies.Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems..
- Ensure information is provided correctly to stakeholders by maintaining knowledge and sharing knowledge with team.
Essential Qualifications
BCom Law
Preferred Qualification
ACAMS; Money Laundering certificate (UJ) – preferred
Minimum Experience Level
No experience required.
Technical / Professional Knowledge
- Banking procedures
- Business principles
- Business terms and definitions
- Data analysis
- Governance, Risk and Controls
- Microsoft Office
- Relevant regulatory knowledge
- Business writing skills
- Cluster Specific Operational Knowledge
- Numeracy
Behavioural Competencies
- Adaptability
- Applied Learning
- Communication
- Customer Focus
- Work Standards
- Managing Work
- Technical/Professional Knowledge and Skills