AML, CFT & Sanctions Monitoring Manager

Job Description

Job Family
Risk, Audit and Compliance
Career Stream
Regulatory Compliance
Job Purpose
To monitor and provide oversight on the adherence to compliance practices in client facing clusters to ensure compliance risks are managed and reported across Nedbank.
Job Responsibilities
Contribute to a culture of transformation goals by participating in Nedbank culture building initiatives, including CSI.
Provide input, review and ensure accurate reporting and articulation of compliance.
Provide guidance in the completion of subsidiary compliance risk monitoring programs.
Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection.
Maintain relationships with internal stakeholders by establishing partnerships in managing compliance risks.
Engage with stakeholders formally through determining scope of work, understanding and identifying client needs.
Develop collaborative relationship with the Compliance Institute of South Africa (CISA).
Execute the annual compliance risk-based program.
Monitor compliance risks and determine the state of compliance in client facing Clusters.
Ensure compliance requirements are adhered to and adequate compliance risk management practices implemented.

Responsibilities + Skills

Type of ExposureAnalysing situations or data that require an in depth evaluation of multiple factorsDrafting reportsInfluencing stakeholders to obtain buy-in for concepts and ideasComparing two or more sets of information Working with a group to identify alternative solutions to a problemConsolidating data from various sources and identify/interpret trends


Essential Qualifications - NQF LevelAdvanced Diplomas/National 1st DegreesPreferred QualificationPost Graduate Diploma: Risk Management , Advanced Diplomas/National 1st DegreesPreferred Certifications


8 -10 years experience in Risk Management of which 5 years in a Compliance related roleTechnical / Professional KnowledgeChange managementCluster specific operationsCompliance reportingGovernance, Risk and ControlsRelevant regulatory knowledgeRelevant software and systems knowledgeReputational risk management

Job Summary

  • Published on: Friday, 25th October 2019
  • Designation: AML, CFT & Sanctions Monitoring Manager
  • industry: Finance
  • Vacancy:
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Friday, 25th October 2019

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • 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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