Crime Analyst at Nedbank

Job Purpose

To support Financial Crime and Forensics through performing in depth analysis on regulatory reports and methodologies, including industry identified trends, to identify and escalate potential complex financial crimes, credit or regulatory risks that clients (or a group of clients) may pose due to their transactional activity and prevent potential losses in Nedbank.

Job Responsibilities

• Stay abreast of developments in field of expertise, ensuring personal and professional growth.
• Share knowledge of trends and identified risks with team and stakeholders so that relevant upskilling takes place and effective handover is done.
• Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.
• Interact with investigators and external stakeholders to gain an understanding of their analytical support requests in order to fulfil stakeholder needs.
• Interact with internal and external stakeholders to build and maintain mutually beneficial relationships to ensure close co-operation and exchange of information to mitigate risks.
• Meet stakeholders’ expectations.
• Create awareness of criminal and/or financial crime trends and modus operandi.
• Advise stakeholders on how to use analytical information.
• Manage allocated billable hours and ensure they are accounted for.
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
• Understand and embrace the Nedbank vision and values, leading by example.
• Identify opportunities to influence the enhancement of business processes and methodologies, adding value to Nedbank.
• Perform intelligence activities in response to early warning alerts of events and trends.
• Provide analytical support to stakeholders by sourcing information and supplying relevant analytical products to mitigate risks.
• Evaluate information by assessing the reliability of the source, and the validity and quality of information, to gain informed insights about the analysis.
• Identify suspects and analyse the activities of individuals, groups and organisations through the application of analytical techniques, in support of financial crime mapping.
• Guide financial crime and high-profile investigative projects by analysing gaps in information, identifying links and building an understanding of the risk and financial crime typology.
• Provide assistance to external stakeholders by analysing financial crime matters that lead to minimising criminal actions across the industry.
• Highlight system and/or process deficiencies and gaps to stakeholders to ensure relevant preventative measures are implemented and corrective action taken.
• Respond to, and action requests for analytical support by providing criminal analysis support to stakeholders to prevent losses and mitigate risks.
• Investigate financial crime events by analysing information and take appropriate action, such as recommending potential solutions, process changes and/or raise awareness of modus operandi to business, to prevent potential losses, and where relevant, hand over to relevant stakeholders for further action.
• Using intelligence drawn from transactional reporting across the Group, provide financial crime risk mitigation analysis.
• Capture details of analysed information on case management system to assist with future prevention and/or mitigation of risk.

Minimum Experience Level

• Minimum 5 years in the anti-money laundering field, and/or conducting forensic investigations.
• Exposure and understanding of banking environment.
• Team player with an investigative mindset.
• Strong analytical and problem-solving skills

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Degree in Bachelor of Commerce Accounting and/or Degree in Forensic accounting and/or Degree in Bachelor of Laws (LLB), essential.
• Institute of Commercial Forensic Practitioners (ICFP) and/or Association of Certified Fraud Examiners (ACFE) and/or Association of Certified Anti-Money Laundering Specialists (ACAMS), preferred not essential.

Technical / Professional Knowledge

• Ethics and Fraud
• Fraud investigation methodology
• Governance, Risk and Controls
• Relevant Nedbank product knowledge
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Business writing skills
• Relevant regulatory, compliance and risk legislation

Behavioural Competencies

• Communication
• Continuous Learning
• Customer Focus
• Decision Making
• Managing Work
• Quality Orientation