Regulatory Analyst: London at Nedbank

Job Purpose

• To ensure that KYC/CDD-related activities & functions are executed in line with defined AML standards & requirements applicable to Nedbank London while maintaining control over applicable processes, in accordance with CORE’s strategy.

Job Responsibilities

• Manage a review population inclusive of both periodic and trigger reviews for Nedbank London.
• Ensure timely and effective processing, capture and maintenance of all client (KYC/CDD) data and records in compliance with UK regulatory requirements and Nedbank London methodologies.
• Review of clients by ensuring that "gaps" are identified and addressed in terms of requirements applicable to clients of Nedbank London.
• Execute assignments and ad-hoc requests in accordance with the business requirements.
• Build and maintain collaborative relationships with bankers, with clear and effective communication regarding expectations for client reviews being conducted.
• Build and maintain collaborative relationships with bankers by establishing partnerships in managing KYC/CDD requirements as well as ensure an open line of communication to assist stakeholders to address compliance risks.
• Ensure that all stakeholder queries are addressed promptly and equally ensure adequate follow-up on queries sent to stakeholders.
• Stay up-to-date with UK legislative changes to keep in line with best practice, regulatory compliance and industry standards.
• Upskill and train junior team members to achieve functional alignment and legislative compliance.
• Escalate any concerns/red flags identified to CORE management and UK Financial Crime Compliance teams (as required).
• Identify opportunities to influence the improvement or enhancement of business processes and methodologies by researching and recommending improvement initiatives and effective ways to operate and add value to Nedbank.
• Management of alerts (adverse media, PEP, sanctions) in respect of allocated client population.
• Provide occasional support to the London CORE New-to-Bank team. 

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce: Law

Minimum Experience Level

• Must have 3-5 years work experience in general banking with at least 2 years in AML/ KYC/ CDD/ FICA (or similar).
• Understanding of and experience working with client beneficial ownership identification.

Preferred Experience

• Experience with UK AML regulatory requirements.
• Understanding of and/or experience dealing with CIB clients.
• Knowledge of FATCA/CRS legislation and requirements. 

Technical / Professional Knowledge

• Administrative procedures and systems
• Data analysis
• Microsoft Office
• Relevant regulatory knowledge
• Business writing skills
• Financial Acumen
• Relevant product knowledge
• Knowledge of risk
• Relevant system knowledge

Behavioural Competencies

• Adaptability
• Building Customer Loyalty
• Continuous Learning
• Collaborating
• Work Standards
• Managing Work