AML, CFT, CPF & Sanctions Analyst at Nedbank

Job Purpose

• To research, analyse and interpret trends, best practice and regulatory risk requirements and develop and disseminate information, guidelines, processes and research papers associated with money laundering (ML); terrorist financing (TF), proliferation financing (PF) and sanctions risk management; to ensure local and international regulatory standards across Nedbank Group are met.

Job Responsibilities

• Conduct research to provide input and assist in updates to   policies, principles, methodologies, procedures, processes and training and issue guidance to ensure the mitigation of risks associated with ML, TF, PF and sanctions.
• Conduct research on trends, best practice and regulatory risk requirements associated with ML, TF, PF and sanctions.
• Identify ML, TF, PF and sanctions risk related issues, through research, and make recommendations to mitigate the risk, improve processes and ensure regulatory compliance.
• Identify amended and/or new legislation, guidance and best practice through subscriptions, research and stakeholder engagements, to analyse and determine impact on Nedbank and advise relevant stakeholders, including subsidiaries, for updates to policies, principles, methodologies, procedures, processes and training to be affected.
• Research competitor policies and procedures to position Nedbank competitively and benchmark against the industry.
• Identify sanctions related information to ensure awareness is created with stakeholders and updates are affected to the applicable policies, principles, methodologies, processes, procedures and training.
• Identify opportunities to improve business understanding, enhance knowledge and mitigate risks.
• Determine scope of research requested by stakeholders.
• Develop research papers and/or guidelines and processes.
• Prepare and share information, research papers and/or guidelines.

Job Responsibilities Continue

• Ensure necessary awareness, communication, and dissemination of information and/or guidelines take place.
• Liaise with stakeholders to fully understand expectations and/or requirements and deliver feedback to management and stakeholders on progress.
• Identify relevant stakeholders for the dissemination of research findings, information, and guidelines to achieve required impact.
• Maintain relationships with relevant stakeholders to obtain applicable content and/or trends to be included in policies, principles, methodologies, procedures, and training.
• Liaise with stakeholders to clarify discrepancies and provide input and feedback based on research findings to ensure risks are mitigated.
• Interact with stakeholders to build and maintain mutually beneficial relationships, aligning regulatory requirements and considering international standards.
• Maintain relationships with relevant stakeholders to obtain the applicable advice to inform the research scope and guidance provided prior to distribution.
• Improve personal and professional capability and stay abreast of development in field of expertise by identifying training opportunities

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Advanced Diplomas/National 1st Degrees

Preferred Certifications

• Associated Certified Anti-Money Laundering Specialist (ACAMS) or Money Laundering certificate – preferred.

Minimum Experience Level

• 3 - 6 years Anti-Money Laundering Experience
• 2-4 years’ experience in Risk Management research methodology

Technical / Professional Knowledge

• Governance, Risk and Controls
• Relevant regulatory knowledge
• Stakeholder management
• Compliance reporting
• Reputational risk management
• Industry trends
• Business Acumen
• Research methodology
• Risk management processes and Frameworks

Behavioural Competencies

• Managing Work - Effectively managing one’s time and resources to ensure that work is completed efficiently.
• Continuous Learning - Actively identifying new areas for learning; regularly creating and taking advantage of learning opportunities; using newly gained knowledge and skill on the job and learning through their application.
• Initiating Action - Taking prompt action to accomplish work goals; taking action to achieve results beyond what is required; being proactive.
• Quality Orientation - Accomplishing tasks by considering all areas involved, no matter how small; showing concern for all aspects of the job; accurately checking processes and tasks; being watchful over a period of time.
• Work Standards - Setting high standards of performance for self and others; assuming responsibility and accountability for successfully completing assignments or tasks; self-imposing standards of excellence rather than having standards imposed.
• Communication - Conveying information and ideas clearly and concisely to individuals or groups in an engaging manner that helps them understand and retain the message, listening actively to others.
• Technical/Professional Knowledge - Having achieved a satisfactory level of technical, functional, and/or professional skill or knowledge in position-related areas; keeping up with current developments and trends in areas of expertise; leveraging expert knowledge to accomplish results.