Head Of AML, CFT And Sanctions Preferred Qualification

Job Description

Job PurposeTo manage, provide advice and input into research, training, analysis, interpretation and documentation of best practice and regulatory risk requirements and manage the delivery of regulatory risk awareness and training interventions associated with money laundering, terrorist financing and sanctions compliance to ensure local and international regulatory standards across the Nedbank Group are met.Job ResponsibilitiesProvide advice to stakeholders on Anti Money Laundering, Counter Terrorist Financing and sanctions (AML, CFT and Sanctions) compliance requirements by engaging formally and informally to ensure understanding and compliance with best practice and regulatory risk requirements.Ensure identification of likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanction, through managing the analysis and research of regulatory risk requirements and implementation of training to ensure compliance to regulatory requirements.Provide input into projects, systems and initiatives through interpretation and application of best practice and regulatory risk requirements to ensure effective delivery.Provide advice and decisions in respect of transactional sanctions alerts through written communication or through engagement to ensure sanctions risks are mitigated.Interact with stakeholders to convey best practice and regulatory risk requirements and to understand stakeholder expectations and/or requirements to ensure compliance, mitigation of risk and fulfilment of expectations.Interact with stakeholders, through formal and informal engagements to build and maintain collaborative relationships and to ensure alignment of regulatory requirements as set by South African Reserve Bank (SARB) and Financial Intelligence Centre (FIC).Manage engagement of, and interact 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.Engage formally with relevant stakeholders to inform and assist with requests and information for creating awareness and monitoring of money laundering, terrorist financing and sanctions to ensure understanding and effective monitoring.Engage with joint venture partners through formal interaction to ensure alignment and compliance to Nedbank risk requirements related to money laundering, terrorist financing and sanctions.Maintain stakeholder relationships (eg Banking Association of SA) by representation through formal and informal channels to ensure collaborative relationships.

Responsibilities + Skills

Developing ways to assist the management and/or mitigation of risks checkManaging conflict situationsInfluencing stakeholders to obtain buy-in for concepts and ideas


Professional Qualifications/Honours DegreePreferred Qualification


Job Summary

  • Published on: Wednesday, 2nd September 2020
  • Designation: Head of AML, CFT and Sanctions
  • industry: Miscellaneous
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Wednesday, 2nd September 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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