Regulatory Analyst: UK KYC/Financial Crime at Nedbank

Job Purpose

To manage FICA and UK KYC-related activities & functions that are executed within defined standards & requirements while simultaneously maintaining control over applicable processes and in accordance with Client Operations Strategy.

Job Responsibilities

• Maintain a departmental set of management & record keeping standards ensuring compliance with relevant UK KYC standards and Nedbank internal standards. .

• Ensure effective processing of FICA / KYC and all client data related capturing and records maintained

• Maintain sound relationships with the relevant internal and external stakeholders by ensuring achievement of high levels & quality of service delivery as experienced by stakeholders contributing to customer retention.

• Improve client relationships through focused NCIB client strategy.

• Ensure the validation function on KYC/FICA both in the context of new to bank and reviews.

• Review clients by ensuring that "gaps" are identified in the FICA/KYC requirements of existing clients.

• Liaise with front line relationship managers and UK MLRO with regard to sourcing missing data / documents from clients or understanding specific UK statutory requirements.

• Ensure that all  London customer  records are optimally managed and maintained.

• Ensure that all exceptions are managed & resolved within agreed SLA's.

• Ensure that defined transactional processing & UK KYC-related activities & functions are executed within defined standards & requirements while simultaneously maintaining control over applicable processes.

• Ensure that Data inputs are correctly & accurately captured

• Ensure that project goals are accomplished & are in line with business objectives.

• Manage client reviews based on the risk criteria assigned to clients and facilitate and co-ordinate the review processes for NCIB.

• Understanding the EDD process and ensuring high quality EDD’s are presented to HRRC addressing and mitigating financial crime and reputational risks

• Analysis of PEP and sanctions alerts and determining an outcome whether a true match to the party in question

• Conducting adverse media internet searches where applicable

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate

Preferred Qualification

• Diploma or Degree or Certificate in Compliance, AML .

Type of Exposure

•           Managed Relationships

•           Provided Client Service

•           Provided Administrative Support

•           Completed Reports and Achieved Budgets

•           Developed and Implemented Communications Strategy

•           Managed Self

•           Managed own Career

•           Experience in an international Financial Institution an advantage

Minimum Experience Level

• 1-2 years general banking experience, with knowledge of KYC/ FICA.

• Knowledge of UK regulations would be advantageous

Technical / Professional Knowledge

• Administrative procedures and systems

• Data analysis

• Relevant regulatory knowledge

• Relevant software and systems knowledge

• Banking knowledge

• Banking procedures

• Cluster Specific Operational Knowledge

• Business principles

• Business terms and definitions

• Governance, Risk and Controls

Behavioural Competencies

• Customer Focus

• Continuous Improvement

• Coaching

• Influencing

• Decision Making

• Quality Orientation