AML Monitoring Officer

Job Description

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
  • Ensure compliance risks are managed by developing an annual risk- based compliance monitoring programme across client facing clusters to ensure delivery of the monitoring programme within time, budget and risk.
  • Provide advice to stakeholders on compliance risks by giving input to cluster compliance risk monitoring plans and responding to queries from stakeholders to ensure that compliance risks managed.
  • Review the reporting and articulation of compliance risks by stakeholders through formal and/or informal reviews, and provide input to prevent ambiguity, and ensure accurate reporting to enable management to adequately resource the compliance function to address compliance risks.
  • Provide guidance in the completion of subsidiary compliance risk monitoring programmes by providing guidelines, input and templates to ensure compliance risks are monitored and managed.
  • Establish relationships with stakeholders by providing guidance, oversight and/or training to ensure compliance risks are managed.
  • Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection of such contraventions to ensure requirements set by regulatory bodies, are met.
  • Maintain relationships with internal stakeholders by establishing partnerships in managing compliance risks as well as ensure an open line of communication to assist stakeholders to address compliance risks.
  • Engage with stakeholders formally to determine scope of work and to identify needs, in order to develop annual risk-based compliance monitoring programme.
  • Maintain relationships with stakeholders by keeping them informed of any compliance risk related matters that may compromise their business to ensure addressed timeously.
  • Engage with the Compliance Institute of South Africa (CISA) through formal interaction to obtain guidelines in respect of industry compliance standards and requirements to remain relevant and current.
  • Execute the annual compliance risk-based programme by assessing and monitoring the adequacy and completeness of compliance plans implemented by stakeholders to ensure compliance risks are adequately monitored and managed.

Responsibilities + Skills

Analysing situations or data that require an in depth evaluation of multiple factorsDeveloping ways to assist the management and/or mitigation of risks checkInfluencing stakeholders to obtain buy-in for concepts and ideasComparing two or more sets of information


Bachelor of Commerce: Law


Analysing and interpreting quantitative and qualitative data Working with a group to identify alternative solutions to a problemPresenting to senior leadersWorking across all risk categories

Job Summary

  • Published on: Wednesday, 15th January 2020
  • Designation: AML Monitoring Officer
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Wednesday, 15th January 2020

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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