Senior Manager: Financial Crime l at Nedbank

Job Purpose

To provide relevant financial crime risk management services and consulting to stakeholders and clients, ensuring compliance with the relevant financial crime rules and regulations and risk management frameworks and best practice. 

Job Responsibilities

• Ensure alignment of Nedbank and Business strategies and the achievement of the objectives of the relevant financial crime risk management services. 
• Ensure alignment of business processes to change and/or amendments received from the relevant regulators. 
• Improve the control culture and ensure others comply with laws, regulations, and guidelines. 
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
• Prepare relevant meeting packs and month end reporting for management. 
• Become a trusted advisor to stakeholders by providing guidance and support on relevant financial crime risk management services.- keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, website and attending sessions. Understand and embrace the Nedbank vision and demonstrate the values through interaction with stakeholders. Improve personal capacity and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from manager. Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced, and certification obtained and/or maintained within specified time frames.  Identify opportunities to influence the improvement or enhancement of business processes, systems, and methodologies by researching and recommending pragmatic improvement initiatives and effective ways to operate and add value to Nedbank Wealth and support implementation thereof. 
• Enable the achievement of relevant financial crime risk management services and Nedbank objectives, raising the profile of Nedbank Wealth relevant financial crime risk management services. 
• Maintain relationship with the SARB and other regulators, where relevant and ensure accurate and complete management information submissions are made to the regulators. 
• Provide input in the formulation of relevant financial crime rules and directives. 
• Ensure that terms and conditions, as set out in the relevant financial crime rules and directives are complied with and take appropriate corrective action where necessary. 
• Support the reporting on the overall effectiveness of the governance, risk and internal control framework of the Group; including report significant issues related to the processes for controlling the activities of the Group, including potential improvements to those processes. 
• Ensure optimal usage of systems and technology. 
• Monitor relevant financial crime risks through analysis of compliance related information in comparison with previous monitoring plans to determine possible deviations and reasons thereof to ensure corrective action taken. 
• Provide assurance to stakeholders on the state of relevant financial crime risk management by reporting on how key risks are being managed, highlighting areas that require immediate attention and recommend corrective action to stakeholders. 
• Provide independent, objective assurance that the relevant financial crime governance processes, management of risk and systems of internal control are adequate and effective to mitigate risks. 

People Specification

Embodiment of the following characteristics:

• Risk Optimizer: Understanding that risk is at the centre of everything in banking and other relevant industries. Developing the appropriate risk appetite. Managing risk without stifling innovation. 
• Client Centric Advocate: Placing the client at the centre. Being relationship focused. Collaborating with colleagues across organisational boundaries. 
• Execution Expert: Focusing efforts on execution and implementation. Practicing decisive leadership.
• Strategist: Being a strategic thinker, translator and implementor, Facilitating strategic dialogue. 

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce: Honours

Minimum Experience Level

• 8 - 12 years relevant business experience in general banking and/or relevant industries, including 3 - 5 years working within the SA relevant financial crime compliance and risk management environment. 

Technical / Professional Knowledge

• Capacity planning
• Change management
• Client service management
• Communication Strategies
• Financial Accounting Principles
• Governance, Risk and Controls
• Negotiation techniques
• Organisational behaviour theory
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Foreign Exchange Product and trade

Behavioural Competencies

• Technical/Professional Knowledge and Skills
• Communication
• Continuous Improvement
• Influencing
• Planning and Organizing
• Decision Making

Closing Date: 29th, June 2022