Job Openings at Nedbank

Job description

Nedbank Group Risk

Nedbank Group Risk believes in recruiting the right people for the right job. We believe employees should be able to work in an environment that fulfils the aspirations of both the employee and Nedbank and that employees should have opportunities for growth and career development. A career at Group Risk is much more than a job – it’s an opportunity for you to nurture, grow and realise your potential.

Job Purpose

To manage; analyse and monitor regulatory and international best practice risk indicators associated with money laundering; terrorist financing and sanctions compliance and its controls; to ensure risks to Nedbank Group are mitigated.

Responsibilities

• Build and maintain collaborative relationships and ensure smooth flow of work and alignment of regulatory requirements as set by SARB and Financial Intelligence Centre (FIC).
• Provide clarification, advice, guidance and assistance related to the monitoring of regulatory risk indicators associated with money laundering, terrorist financing, sanctions compliance and controls.
• Identify opportunities to improve or enhance business processes and methodologies.
• Contribute to improved business result, client service and manage the likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanctions.
• Ensure the analysis, monitoring and tracking of regulatory risk indicators and controls.
• Provide clarity to stakeholders on the results of the analysis of risk indicators and controls related to regulatory requirements and international best practice and advise stakeholders on appropriate outcomes.
• Manage the obtaining of statistical and transactional data from relevant systems reports and data from subsidiaries and stakeholders.
• Ensure quality assurance and corrective action where required.
• Ensure the analysis and accurate identification of risks and gaps.
• Ensure work completed to correct standard and expectations.
• Ensure compliance standards are adhered to.
• Ensure an oversight of risk indicators and controls.

Qualifications

• Undergraduate Law Degree
• Law/ Compliance Honours (prefered but not essential)
• Compliance Institute of South Africa (CISA) - preferred, not essential

Experience

Min 5 years banking experience with a minimum of 2 years direct experience in analysing and monitoring risk indicators in a Compliance function

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Job description

Nedbank Group Risk

Nedbank Group Risk believes in recruiting the right people for the right job. We believe employees should be able to work in an environment that fulfils the aspirations of both the employee and Nedbank and that employees should have opportunities for growth and career development. A career at Group Risk is much more than a job – it’s an opportunity for you to nurture, grow and realise your potential.

Job Purpose

Contribute to the execution of the GFCF ML/TF Risk Management mandate, by supporting the Clusters (1st LoD) in the effective identification, assessment, management and monitoring of ML/TF risks - both on a client and business/organisational level and tracking the overall execution of the ML/TF Strategic plan.

Responsibilities

• Advise stakeholders on the development, implementation, monitoring of effectiveness and continuous enhancement of the ML/TF Client risk profiling algorithms.
• Ensuring algorithm related projects are delivered within agreed scope and timelines by timeously engaging and obtaining stakeholder input, recommendations and/or alternative solutions by discussing system development requirements and/or enhancements with stakeholders.
• Ensuring compliance to minimum regulatory requirements for ML/TF client risk assessments (aligned to Nedbank risk appetite).
• Advise stakeholders on the development, roll out, monitoring of effectiveness and continuous enhancement of the ML/TF Business risk assessment methodology.
• Accountable for producing the annual (and ad hoc where necessary) ML/TF Inherent Business Risk assessment report. Co-ordinate 1st Line effectiveness self-assessment and produce 1st Line view of residual risk, including alignment/misalignment with ML/TF Risk Appetite
• Engaging with Business to extract the relevant results of the ML/TF BRA into a risk management plan
• Ensuring ML/TF Business risk assessment related projects are delivered within agreed scope and timelines by timeously engaging and obtaining stakeholder input, recommendations and/or alternative solutions by discussing system development requirements and/or enhancements with stakeholders.
• Ensuring compliance to minimum regulatory requirements for ML/TF Business risk assessments (aligned to Nedbank risk appetite).

Qualifications

• Matric
• Commercial/ legal/ forensic degree
• Institute for Certified Forensic Practitioners - membership/associate member; Associated Certified Anti-Money Laundering Specialist (ACAMS) or Anti - Money Laundering certification (Preferred, not essential)

Experience

3 - 5 years experience in AML/CTF and Sanctions, including risk aspects (e.g. risk based approach, transaction monitoring rules etc.) preferably in a financial environment.