ML/TF Risk Management 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

Contribute to the execution of the GFCF ML/TF Risk Management mandate, by supporting the Clusters (1st LoD) in the effective identification, assessment, management and monitoring of ML/TF risks - both on a client and business/organisational level and tracking the overall execution of the ML/TF Strategic plan.

Responsibilities

• Advise stakeholders on the development, implementation, monitoring of effectiveness and continuous enhancement of the ML/TF Client risk profiling algorithms.
• Ensuring algorithm related projects are delivered within agreed scope and timelines by timeously engaging and obtaining stakeholder input, recommendations and/or alternative solutions by discussing system development requirements and/or enhancements with stakeholders.
• Ensuring compliance to minimum regulatory requirements for ML/TF client risk assessments (aligned to Nedbank risk appetite).
• Advise stakeholders on the development, roll out, monitoring of effectiveness and continuous enhancement of the ML/TF Business risk assessment methodology.
• Accountable for producing the annual (and ad hoc where necessary) ML/TF Inherent Business Risk assessment report. Co-ordinate 1st Line effectiveness self-assessment and produce 1st Line view of residual risk, including alignment/misalignment with ML/TF Risk Appetite
• Engaging with Business to extract the relevant results of the ML/TF BRA into a risk management plan
• Ensuring ML/TF Business risk assessment related projects are delivered within agreed scope and timelines by timeously engaging and obtaining stakeholder input, recommendations and/or alternative solutions by discussing system development requirements and/or enhancements with stakeholders.
• Ensuring compliance to minimum regulatory requirements for ML/TF Business risk assessments (aligned to Nedbank risk appetite).

Qualifications

• Matric
• Commercial/ legal/ forensic degree
• Institute for Certified Forensic Practitioners - membership/associate member; Associated Certified Anti-Money Laundering Specialist (ACAMS) or Anti - Money Laundering certification (Preferred, not essential)

Experience

3 - 5 years experience in AML/CTF and Sanctions, including risk aspects (e.g. risk based approach, transaction monitoring rules etc.) preferably in a financial environment.