Requisition Details & Talent Acquisition Contact REQ 136999- Tshego Semenya Location: Sandton Closing date: 20 January 2025 Cluster RBB Career Stream Forensics Leadership Pipeline Manage Self: Technical Why join the team as a Money Laundering Investigator Join our elite team as a Money Laundering Investigator and dive into specialized investigations that go beyond the ordinary.
With a focus on enhanced due diligence (EDD), you'll tackle high-stakes cases referred by Group Forensics and AML teams.
This role offers unparalleled exposure to top executives and cross-cluster collaboration.
We seek candidates with at least two years of EDD experience and a relevant qualification, ready to make an impact from day one.
Enjoy the benefits of working in a dynamic environment where your expertise in AML, terrorist financing, and sanctions compliance will be highly valued.
If you're looking for a challenging and rewarding career move, this is your opportunity to shine.
Apply now and be part of a team that sets the standard in financial investigations.
Job Purpose To investigate unusual and/or suspicious transactions that may fall within the ambit of money laundering andaccordingly report to the Financial Intelligence Centre (FIC) to ensure Nedbank meets regulatoryrequirements.
Job Responsibilities Highlight relevant risks pertaining to potential money laundering activities.
Liaise with stakeholders to fully understand expectations and/or requirements to provide feedback to management and stakeholders on progress and to ensure expectations are met.
Ensure compliance to regulatory requirements, improved business results and client service by identifying the likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanction, through analysing and monitoring risk indicators and advising stakeholders accordingly.
Analyse, monitor and track regulatory risk indicators by highlighting possible risks and ensuring reporting takes place within regulatory required timelines.
Build and maintain collaborative relationships and ensure smooth flow of work and alignment of regulatory requirements as set by South African Reserve Bank (SARB) and Financial Intelligence Centre (FIC) by interacting with Heads of Governance and Compliance, through engagement at meetings.
Obtain buy-in for implementation of proposed continuous improvement changes and initiatives by engaging with Heads of Governance and Compliance during meetings.
Mitigate risk, maintain collaborative relationships and meet expectations and needs of clients by providing professional, objective input and creating awareness to stakeholders on relevant alerts and actions to be implemented.
Analyse and review information to ensure accuracy of information and correct processes followed by obtaining statistical and transactional data from relevant systems, reports and data from subsidiaries and stakeholders.
Identify relevant breached thresholds as to identify potential risks and trends and ensure compliance standards are adhered to by downloading, preparing, sorting, interrogating and interpreting information and data.
Communicate identified risks, trends and corrective actions to be taken by relevant stakeholders through reports, governance forums/structures and meetings.
Follow up on identified risks and corrective action to be taken by stakeholders within specified timeframe through meetings and/or electronic medium.
Provide an oversight of risk indicators by reviewing reports submitted by stakeholders to governance forums and structures.
Provide objective input to stakeholders on, and create awareness of, unusual and/or suspicious activities and actions to be implemented, to mitigate risk, maintain collaborative relationships and meet expectations and needs of clients.
Respond to requests for guidance on unusual and/or suspicious activities from stakeholders.
Provide information to stakeholders on unusual and/or suspicious activities.
Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
Stay abreast of developments in field of expertise, ensuring personal and professional growth.
Understand and embrace the Nedbank vision and values, leading by example.
Add value to Nedbank by identifying and recommending opportunities to enhance processes, systems and policies.
Maintain knowledge management, and improve team success by sharing knowledge with team to ensure information is provided correctly to stakeholders.
Use and access various resources to conduct investigations and report unusual and/or suspicious activities.
Substantiate referral of unusual and/or suspicious activities.
Analyse information by following quality standards and methodology, compile report containing findings of unusual and/or suspicious transactions.
Minimum Experience Level 5 years experience in analysing and monitoring risk indicators in Anti-Money Laundering (AML), Counter Terrorist Financing, Sanctions Compliance in a banking environment or similar.
Essential Qualifications - NQF Level Diploma Preferred Qualification Bachelor of Arts: Law , Certificate: Money Laundering Control Essential Certifications Institute of Commercial Forensic Practitioners (ICFP), Association of Certified Anti-Money Laundering Specialists (ACAMS), Association of Certified Fraud Examiners (ACFE) - preferred, not essential Technical / Professional Knowledge Governance, Risk and Controls Money laundering Relevant regulatory knowledge Relevant software and systems knowledge Business and report writing skills Business Acumen Data analysis Ethics and Fraud Microsoft Office Disclaimer Preference will be given to candidates from the underrepresented groups Please contact the Nedbank Recruiting Team at +27 860 555 566 --------------------------------------------------------------------------------------- Please contact the Nedbank Recruiting Team at +27 860 555 566