Exchange Control Consultant at Nedbank

Job description

Nedbank Group Risk

Nedbank Group Risk believes in recruiting the right people for the right job. We believe employees should be able to work in an environment that fulfils the aspirations of both the employee and Nedbank and that employees should have opportunities for growth and career development. A career at Group Risk is much more than a job – it’s an opportunity for you to nurture, grow and realise your potential.

Job Purpose

To manage; analyse and monitor regulatory and international best practice risk indicators associated with money laundering; terrorist financing and sanctions compliance and its controls; to ensure risks to Nedbank Group are mitigated.

Responsibilities

• Build and maintain collaborative relationships and ensure smooth flow of work and alignment of regulatory requirements as set by SARB and Financial Intelligence Centre (FIC).
• Provide clarification, advice, guidance and assistance related to the monitoring of regulatory risk indicators associated with money laundering, terrorist financing, sanctions compliance and controls.
• Identify opportunities to improve or enhance business processes and methodologies.
• Contribute to improved business result, client service and manage the likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanctions.
• Ensure the analysis, monitoring and tracking of regulatory risk indicators and controls.
• Provide clarity to stakeholders on the results of the analysis of risk indicators and controls related to regulatory requirements and international best practice and advise stakeholders on appropriate outcomes.
• Manage the obtaining of statistical and transactional data from relevant systems reports and data from subsidiaries and stakeholders.
• Ensure quality assurance and corrective action where required.
• Ensure the analysis and accurate identification of risks and gaps.
• Ensure work completed to correct standard and expectations.
• Ensure compliance standards are adhered to.
• Ensure an oversight of risk indicators and controls.

Qualifications

• Undergraduate Law Degree
• Law/ Compliance Honours (prefered but not essential)
• Compliance Institute of South Africa (CISA) - preferred, not essential

Experience

Min 5 years banking experience with a minimum of 2 years direct experience in analysing and monitoring risk indicators in a Compliance function