AML, CFT & Sanctions Analyst

Job Description

Job PurposeTo analyse and interpret trends, best practice, regulatory risk requirements and draft, maintain, review, monitor internal controls and documentation associated with money laundering, terrorist financing and sanctions compliance to ensure applicable requirements and standards within Nedbank subsidiaries are met.Job ResponsibilitiesAssess associated risks, benefit and value add of best practices and regulatory risk requirements to identify the impact on Nedbank ensuring that risks are mitigated within service level agreements and timelines.Provide advice, input and guidance to stakeholders, through analysis and interpretation of processes, policies, procedures, practices and plans; to ensure the mitigation of risks associated with money laundering, terrorist financing and sanctions. Provide input into new and existing business products and processes through identifying and analysing associated risks related to money laundering, terrorist financing and sanctions to prevent risks..Liaise with stakeholders to fully understand expectations and/or requirements to update management and stakeholders on progress, best practice, regulatory risk requirements and to ensure expectations are met. Engage with stakeholders to provide clarification, advice, guidance and assistance related to best practices and regulatory risk requirements to ensure mitigation of risks associated with money laundering, terrorist financing and sanctions. Identify relevant stakeholders through assessing applicability of impact and the dissemination of policies, processes, procedures, practices and plans to ensure alignment to best practice and regulatory risk requirements.Maintain relationships with relevant stakeholders through formal and informal interaction to obtain applicable content and/or trends to provide advice to stakeholders. Liaise with stakeholders to identify gaps, clarify discrepancies and provide input and feedback based on trends, best practice and regulatory risk requirements to ensure risks are mitigated.

Responsibilities + Skills

Conducting root cause analysisAnalysing situations or data that require an in depth evaluation of multiple factorsDrafting reportsInfluencing stakeholders to obtain buy-in for concepts and ideas

Education

Preferred QualificationEssential CertificationsPreferred Certifications

Experience

2 to 4 years regulatory experience in Anti Money Laundering.Technical / Professional KnowledgeMicrosoft OfficeBusiness writingRelevant regulatory knowledge

Job Summary

  • Published on: Wednesday, 22nd January 2020
  • Designation: AML, CFT & Sanctions Analyst
  • industry:
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Wednesday, 22nd January 2020

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website: https://www.nedbank.co.za/
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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