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