Manager AML, CFT, Sanction &Excon Assurance at Nedbank

Job Purpose

• To conduct risk-based assurance of Nedbank's regulatory/ risk management implementation associated with AML, CFT and Sanctions and Exchange Control, to ensure all required risk management controls, across the Nedbank Group, are adhered to.

Job Responsibilities

• Provide applicable regulatory/ risk assurance to all internal and external stakeholders on the implementation of the adequacy and effectiveness of the required controls by conducting reviews according to the annual monitoring plan.
• Provide feedback and recommendations to stakeholders on the outcome of risk reviews conducted on the implementation of the required controls, regulatory requirements, and international regulatory standards through formal engagements.
• Liaise with stakeholders to fully understand expectations and/or scope of risk assurance to be provided.
• Engage with stakeholders to provide clarification and recommendations on the outcome of the risk reviews conducted and on the implementation of the required risk management controls.
• Liaise formally with stakeholders to identify gaps and disclose self-identified issues.
• Maintain collaborative stakeholder relationships through formal and informal channels.
• Perform reviews in accordance to the Group AML, CFT and Sanctions and Exchange Control annual monitoring plans.
• Identify and highlight associated risks on the required controls from the reviews conducted.
• Provide assurance to stakeholders on the required risk management controls through oversight of policies, procedures, processes, practices, training, and systems implemented.
• Prepare reports on the outcome of risk reviews, inclusive of recommendations and/or the corrective and/or remedial implementation, for submission to the relevant governance forums and structures for corrective action or assurance.
• Assess the implementation of corrective and/or remedial action taken by stakeholders from the review, and/or audit findings, and provide assurance on the corrective and/or remedial implementation.
• Assist with the coordination of the information required for regulatory inspections by collating relevant information.
• Understand and embrace the Nedbank Vision and Values by demonstrating the values through interaction with team and stakeholders.
• Manage team effectively and efficiently across the HR value chain including recruitment, performance management, retention of critical staff, succession planning and coaching and talent management.
• Identify training courses to improve personal capability and to stay abreast of developments in field of expertise.
• Ensure all learning activities are completed and experience practiced enabling effectiveness in performance of roles and responsibilities.
• Build expertise through gaining new knowledge and sharing knowledge with team and stakeholders.
• Participate and support culture building and corporate social responsibility initiatives for the achievement of business strategy.
• Identify opportunities to improve or enhance risk management controls by recommending enhancements and/or effective ways to operate and add value to the Nedbank Group.

People Specification

• 3 - 5 years Management of people.
• Interacting with various levels of management.
• Influencing stakeholders to obtain buy-in for concepts and ideas.
• Analysing situations or data that requires and in-depth evaluation of multiple factors; Communicating complex information orally; Communicating complex written information; Communicating standards to others; Conducting root cause analysis; Conducting gap analysis; Monitoring adherence and compliance; Identifying business

Essential Qualifications - NQF Level

• Professional Qualifications/Honour’s Degree

Preferred Qualification

• B Comm/ Relevant law degree

Preferred Certifications

• Certified Internal Auditor,
• CISA,
• IRMSA

Minimum Experience Level

• 3 - 5 years people management experience
• 3- 7 years' experience in Risk Management of AML, CFT and Sanctions and Exchange Control.

Technical / Professional Knowledge

• Business Acumen
• Governance, Risk and Controls
• Communication Strategies
• Business Reporting Skills
• Regulatory knowledge

Closing date: 4 May 2023