AML,CFT & Sanctions Analyst Subsidiaries 1 at Nedbank

Cluster

Group Risk

Career Stream

Regulatory Compliance

Leadership Pipeline

Manage Self Professional

Job Purpose

To analyse and interpret trends, best practice, regulatory risk requirements, higher home and host requirements and draft, maintain, review, monitor internal controls and documentation associated with money laundering, terrorist financing, proliferation financing and sanctions compliance to ensure applicable requirements and standards within Nedbank are met for its subsidiaries.

Job Responsibilities

• Assess associated risks, benefit and value add of best practices and regulatory risk requirements to identify the impact on Nedbank to ensure the mitigation of risks associated with money laundering, terrorist financing, proliferation financing and sanctions.
• Provide advice, input, and guidance to stakeholders, through analysis and interpretation of processes, policies, procedures, practices, and plans.
• Provide input into new and existing business products and processes through identifying and analysing associated risks related to money laundering, terrorist financing, proliferation financing and sanctions to prevent risks
• Liaise with stakeholders to fully understand expectations and/or requirements to update management and stakeholders on progress, best practice, regulatory risk requirements and to ensure expectations are met.
• Engage 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, proliferation financing and sanctions.
• Identify relevant stakeholders through assessing applicability of impact and the dissemination of policies, processes, procedures, practices and/or plans to ensure alignment to best practice and regulatory risk requirements.
• Maintain relationships with relevant stakeholders to obtain applicable content and/or trends to provide advice to stakeholders.
• Liaise with stakeholders to identify gaps, clarify discrepancies, and provide input and feedback based on trends, best practice, and regulatory risk requirements to ensure risks are mitigated.
• Obtain feedback and / or input from stakeholders on identified risks to ensure these risks are monitored through applicable governance forums and structures.
• Follow up on identified risks and corrective action to be taken by stakeholders within specified timeframe through meetings and/or electronic medium to ensure that best practice and regulatory risk requirements are met.
• Stay abreast of industry trends and developments.
• Identify higher home or host requirements and ensure any risks are mitigated.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• BA Law

Preferred Certifications

• ACAMS; Money Laundering certificate (UJ) - preferred

Minimum Experience Level

• 7 years Anti-Money Laundering Experience
• Cross African country regulatory legislation experience

Technical / Professional Knowledge

• Governance, Risk and Controls
• Relevant software and systems knowledge
• Relevant regulatory knowledge
• Data analysis
• Risk Management
• Stakeholder management
• Compliance reporting
• Reputational risk management