Job Purpose
To manage, direct, lead and provide advice and input into research, training, analysis, interpretation, development and maintenance of AML, CFT,CPF and sanctions Business as Usual (BAU) requirements based on regulatory requirements and informed by best practice and associated with money laundering, terrorist financing, proliferation financing and sanctions risk management to ensure local and international regulatory standards across the Bank are met.
Job Responsibilities
- Manage the Business As Usual (BAU) matters related to the Risk Management and Compliance Programme (RMCP) policies, principles, methodologies and processes and training to ensure alignment with best practice and regulatory risk requirements.
- Provide and manage advice to stakeholders on Anti-Money Laundering, Counter Terrorist Financing, Proliferation Financing (AML, CFT, CPF) and Sanctions risk management requirements to ensure understanding and compliance to regulatory requirements and alignment with best practice in terms of risk management.
- Identify the likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanction, through managing the identification and assessment of regulatory risk requirements and implementation and training of regulatory requirements.
- Provide input into the effective delivery of projects, systems and initiatives through interpretation and application of best practice and regulatory risk requirements.
- Provide advice, guidance and assistance to local regulatory risk requirements and Nedbank Group regulatory risk standards, to ensure mitigation of risk associated with money laundering, terrorist financing, proliferation financing and sanctions.
- Interact with stakeholders to convey best practice and regulatory risk requirements and understand stakeholder expectations and/or requirements, to ensure mitigation of risk and fulfillment of expectations.
- Maintain internal stakeholder relationships by representation through formal and informal channels to ensure collaborative relationships.
- Manage and lead the process of the identification, assessment and management of risk through development and maintenance of risk assessments.
- Provide input into principles and processes to ensure sustainable strategic compliance.
- Manage the analysis and accurate identification of risks and gaps through review of relevant information to mitigate risks associated with money laundering, terrorist financing and sanctions.
- Identify risks, ensure feedback and corrective action is implemented and ensure these risks are reported through applicable governance forums and structures.
- Utilise resources eff ectively and effi ciently by delegating deliverables according to specialised skills-set to ensure work is completed to correct standard and expectations.
- Represent the Head AML, CFT & Sanctions BAU at relevant governance forums, structures, meetings, engagements, regulatory interactions when required.
- Manage team effectively and efficiently across the HR value chain including recruitment, performance management, retention of critical staff , succession planning and coaching and talent management.
- Identify training courses for self and direct reports to improve personal capabilities and to stay abreast of developments in field of expertise.
Essential Qualification
Bachelor of Economics/ Bachelor of Laws / Bachelor’s Degree in risk management/ Bachelor’s Degree in Trade/ Bachelor’s Degree in Business Management, or other related field.
Preferred Qualification
Post Graduate Diploma in Compliance Management, Post Graduate Diploma in Risk Management or related field.
Essential Certifications
PMP, CAMS, CFCS, CGSS, CFE
Minimum Experience Level
3 – 5 years relevant working experience in AML, Audit, Risk Management, Regulatory environment, auditing and/or forensic investigations.
Exposure to banking environment is also essential.
Technical / Professional Knowledge
- Governance, Risk and Controls
- Principles of project management
- Business Acumen
- Regulatory knowledge
- Business writing skills
Behavioural Competencies
- Execution
- Initiating Action
- Driving for Results
- Decision Making
- Coaching
- Guiding Team Success
- Stress Tolerance
Apply by simply clicking on https://bit.ly/3CMtgqm or scan the QR code below
Applications close on 24th February 2025